12072016Wed
Last update: Wed, 07 Dec 2016 05pm

Americas

Markets - Equity - Americas

US stocks fall as bond yields spike, retailers drop NEW YORK: Wall Street stocks finished lower Thursday amid concerns about higher bond yields and retailers retreating after a trade group said the US presidential campaign is crimping shopping.The yield on the 10-year US Treasury jumped nearly 3.0 percent to the highest level since June on expectations the Federal Reserve will increase interest rates in December."Markets are struggling, not because of earnings but because of the hike in yields," said Peter Cardillo of First Standard Financial. "That's weighing on stocks."Nearly half of consumers surveyed by the National Retail Federation said they were more cautious on spending due to the uncertainty ahead of the US election. Shares of Best Buy, Macy's and Gap all fell at least 1.5 percent.At the closing bell, the Dow Jones Industrial Average was at 18,169.68, down 0.2 percent.The broad-based S&P 500 lost 0.3 percent at 2,133.04, while the tech-rich Nasdaq Composite Index shed -0.7 percent to ...

Markets - Equity - Americas

TSX rises with energy stocks, Suncor shines TORONTO: Canada's main stock index opened higher on Thursday, as a rebound in oil prices boosted energy stocks and Suncor Energy Inc, the country's largest oil and gas producer, jumped after a surprisingly strong profit. The Toronto Stock Exchange's S&P/TSX composite index was up 59.78 points, or 0.40 percent, at 14,867.34 shortly after the open. Six of its 10 main groups were higher, with energy up 1.8 percent. Copyright Reuters, 2016 ...

Markets - Equity - Americas

TSX up with energy after earnings, oil price helps TORONTO: Canada's main stock index rose in morning trading on Thursday, with the energy sector up decently as oil prices rebounded and as a slew of oil and gas companies reported quarterly earnings.The country's largest oil and gas producer, Suncor Energy Inc, was the most influential gainer, jumping 5.3 percent to C$41.47. Suncor reported better-than-expected third-quarter profit on strong upstream production, lower operating costs and record crude throughput at its refineries. Cenovus Energy Inc rose ...

Markets - Equity - Americas

Brazil stocks up on hopes of fiscal austerity SAO PAULO: Brazilian stocks rose on Thursday to nearly the highest level in four years on hopes that President Michel Temer will manage to pass tough austerity measures in Congress.Senate President Renan Calheiros said the upper house of Congress is likely to vote a congressional amendment limiting growth of public spending on Dec. 13.Many investors see the measure, which passed the lower house of Congress this week, as essential to bring back confidence in Latin ...

Markets - Equity - Americas

US stocks up on earnings, $47bn semiconductor deal NEW YORK: US stocks opened higher Thursday following a plethora of mostly solid earnings, including from Tesla Motors and Twitter, as well as Qualcomm's $47 billion takeover of Dutch rival NXP Semiconductors.Tesla jumped 4.1 percent after it announced a surprise third quarter profit of $22 million as it touted new product launches and store openings.Twitter climbed 2.0 percent after reporting higher diluted earnings than expected and announcing plans to cut 9 percent of its staff.NXP ...

Markets - Equity - Americas

TSX rises with energy stocks, Suncor shines TORONTO: Canada's main stock index opened higher on Thursday, as a rebound in oil prices boosted energy stocks and Suncor Energy Inc, the country's largest oil and gas producer, jumped after a surprisingly strong profit. The Toronto Stock Exchange's S&P/TSX composite index was up 59.78 points, or 0.40 percent, at 14,867.34 shortly after the open. Six of its 10 main groups were higher, with energy up 1.8 percent.Copyright Reuters, 2016 ...

Markets - Equity - Americas

Apple weighs on Wall St; oil, gold prices slip NEW YORK: Apple's results weighed on U.S. stock prices on Wednesday after the technology giant posted its first annual revenue decline since 2001, while oil and gold prices slipped.Apple, the world's largest company by market capitalization, fell 2.2 percent after it acknowledged strong demand for its iPhone 7 Plus caught the company off-guard and it was struggling to keep up with demand.The technology giant pulled down the S&P 500 stock index and Nasdaq, but gains ...