02102016Wed
Last update: Wed, 10 Feb 2016 09am

Americas

Markets - Equity - Americas

Greek stocks fall sharply on banking sector meltdown ATHENS: Greek stocks tumbled on Monday to close nearly eight percent lower, with bank shares losing almost a quarter of their market value amid concerns over the future of government reforms.The general index on the Athens stock exchange closed down 7.9 percent at 464.23 points -- a 25-year-low -- while banks suffered a 24.3-percent average drop.Top companies such as the Public Power Corporation, the Piraeus Port Authority and prominent construction firms lost between four and and 12.5 percent.The downturn came amid a general European stock market slump as investors cashed out of banking shares following recent poor earnings, with worries over China's economy and falling oil prices also weighing on sentiment.But in Greece investors had additional reasons to head for the exits, with the government seen to be facing an impossible choice between further austerity and social unrest.The Athens stock exchange had already lost 9 percent of its value last ...

Markets - Equity - Americas

US stocks down 2% as global rout accelerates NEW YORK: Losses in Wall Street stocks accelerated Monday morning, with the Dow and S&P 500 dropping more than two percent as global equities retreated after another drop in oil prices.Near 1550 GMT, US stocks had cut losses a bit, with the Dow Jones Industrial Average down 285.68 points (1.76 percent) at 15,919.29.The broad-based S&P 500 fell 33.11 (1.76 percent) to 1,846.94, while the tech-rich Nasdaq Composite Index shed 93.38 (2.14 percent) to 4,269.76.The losses ...

Markets - Equity - Americas

US stocks gain ahead of jobs report NEW YORK: Wall Street stocks finished modestly higher Thursday despite another drop in oil prices ahead of Friday's eagerly anticipated US jobs report for January.The Dow Jones Industrial Average gained 79.92 points (0.49 percent) at 16,416.58.The broad-based S&P 500 added 2.92 (0.15 percent) at 1,915.45, while the tech-rich Nasdaq Composite Index climbed 5.32 (0.12 percent) to 4,509.56.US stocks advanced despite veering into negative territory a couple of times during the session, as oil prices closed ...

Markets - Equity - Americas

Dollar softening boosts equities, commodities NEW YORK: Global equity markets rose on Thursday as diminished expectations of U.S. interest rate hikes this year pushed the dollar lower, which in turned boosted the prices of many commodities.The dollar fell for a fourth day on the latest batch of soft U.S. data, while comments from a U.S. Federal Reserve policymaker on Wednesday were viewed as a sign further rate hikes could be delayed.Those comments were buttressed on Thursday by Robert Kaplan, the ...

Markets - Equity - Americas

TSX gains as banks, resource stocks, railways rise TORONTO: Canada's main stock index jumped on Thursday as higher commodity prices helped lift mining stocks, while banks and railways also saw strong gains and the energy sector rose despite a slip in oil prices.A weaker U.S. dollar helped drive gold and other metals higher, as expectations eased of a further rise in U.S. interest rates this year and investors scrambled to close out bearish positions before the Lunar New Year holiday in China.The materials ...

Markets - Equity - Americas

TSX rises with commodity prices, led by energy, mining TORONTO: Canada's main stock index rose on Thursday as higher commodity prices helped lift energy and mining stocks, while railway stocks also saw strong gains.A weaker U.S. dollar helped drive commodity markets higher for a second day, which supported the resource-linked market.U.S. crude prices surged more than 2 percent and gold rose to a three-month high after expectations eased of a further rise in U.S. interest rates this year.The most influential movers on the index ...

Markets - Equity - Americas

Weaker dollar boosts commodities, lifts equities NEW YORK: Global equity markets rose on Thursday as diminished expectations of U.S. interest rate hikes this year pushed the dollar lower, which in turned boosted the prices of commodities.The dollar fell for a fourth day on the latest batch of soft U.S. data, while comments from a U.S. Federal Reserve policymaker on Wednesday were viewed as a sign further rate hikes could be delayed.Those comments were buttressed on Thursday by Robert Kaplan, the new ...