Tag: markets

US stocks dip on lower oil, earnings, ending Nasdaq streak

NEW YORK, United States (AFP) — Wall Street stocks fell modestly Friday on mixed earnings and lower oil prices, ending Nasdaq’s streak of 10 straight gains that included three straight closing records. Petroleum-linked shares including Dow member Chevron and Halliburton fell as oil prices dropped on worries about excess supply. General Electric was the biggest loser in the Dow, tumbling 2.9 percent after signaling it expects 2017 earnings to be on the low end of […]

Tokyo stocks up by break on weak yen, Wall St rallies

TOKYO, Japan (AFP) — Tokyo stocks rose Monday morning, following a strong lead from Wall Street after a better-than-expected jobs report, while a weak yen boosted exporters. New York rallied Friday after government data showed that the US economy generated 222,000 jobs last month, far above market expectations. “Although the announcement was made on Friday, the positive energy remained strong enough to sustain the market today,” said Toshikazu Horiuchi, a broker at IwaiCosmo Securities. The […]

Tokyo stocks down by break after tech rally

TOKYO, Japan (AFP) — Tokyo stocks sank more than one percent Friday morning, tracking sharp losses in United States and European markets, with technology firms among the worst hit. The benchmark Nikkei 225 fell 1.09 percent, or 219.42 points, to 20,000.88 by the break, while the Topix index of all first-section issues was down 0.88 percent, or 14.29 points, at 1,609.78. “There’s been profit-taking in certain tech shares, which have rallied recently,” said Toshikazu Horiuchi, […]

Leading US-based index to include Chinese stocks for 1st time

by Albee Zhang with John Biers in New York Agence France-Presse SHANGHAI, China (AFP) — China on Wednesday hailed the acceptance of its stocks in a leading United States-based index of emerging market shares as a signal of confidence in the Asian power’s economy after three previous rejections. The Shanghai and Shenzhen stock markets opened higher after New York’s MSCI agreed to include 222 large capitalization Chinese stocks in its MSCI Emerging Markets Index, representing […]

Tokyo stocks up at break, exporters lifted by weak yen

TOKYO, Japan (AFP) — Tokyo stocks rose Monday morning, tracking a record close for the Dow on Wall Street, with exporters boosted by a weaker yen as data showed Japan saw a surprise trade deficit in May. The benchmark Nikkei 225 index gained 0.60 percent, or 118.93 points, to 20,062.19 by the break while the Topix index of all first-section issues was up 0.61 percent, or 9.69 points, at 1,605.73. Japan logged a surprise deficit […]

Asian markets mostly up; dollar and pound extend gains

HONG KONG, China (AFP) — Asian markets mostly rose on Friday following a sell-off the previous day, while the dollar and pound extended gains on growing expectations of a hike in United States and British interest rates. Equity traders have suffered a fraught week as the crisis engulfing Donald Trump picks up pace, technology firms tumbled from recent highs and energy plays were hammered by plunging oil prices. But they shifted back into buying mode in […]

Asian energy firms fired up by rally in oil prices

HONG KONG, China (AFP) — Oil prices pressed on with fresh gains in Asian trade Tuesday, boosting energy firms, after Russia and Saudi Arabia indicated they could extend an output cut into next year. The world’s top two crude-producing nations raised the idea at the weekend, with a deal agreed between the Organization of the Petroleum Exporting Countries — of which Saudi Arabia is the key player — and Russia coming to an end in […]

Asian markets, euro build on gains as eyes move to Trump

HONG KONG, China (AFP) — Asian markets extended gains Tuesday while the euro held up following Emmanuel Macron’s first round presidential election win in France, with investors now looking forward to United States President Donald Trump’s promised tax reforms. Global markets soared Monday after Macron topped the initial polls and looked well on course to beat hit run-off rival, far-right candidate Marine Le Pen, next month. There had been fears a win for the anti-European, […]

Asia markets turn higher but uncertainty prevails

by Danny McCord Agence France Presse HONG KONG, China (AFP) — Asian markets rose Thursday following broad losses the previous two days but analysts warned caution was prevailing owing to geopolitical worries and fading hopes for Donald Trump’s massive stimulus drive. Energy firms were among the main laggards, tracking losses in their US counterparts, after a surprise jump in US petroleum inventories sent oil prices skidding almost four percent Wednesday. Tokyo ended the morning 0.3 […]

Most Asian markets rise but geopolitical worries sap gains

HONG KONG, China (AFP) — Most Asian markets rose Tuesday but investors remain on edge over geopolitical tensions with US-Russian relations strained by last week’s Syria strike and sabre-rattling on the Korean peninsula. While stocks pared the initial plunge that met news of the US missile attack on a Syrian airbase, the brewing crisis is keeping dealers on edge heading into the company earnings season. President Donald Trump’s administration has rankled Moscow by saying it […]

Global stock markets edge higher ahead of Trump-Xi meeting

NEW YORK, United States (AFP) — Global stock markets moved tentatively higher on Tuesday, with a narrower United States trade deficit boosting Wall Street modestly ahead of a key US-China summit later this week, dealers said. European markets sloughed off earlier weakness caused by the Saint Petersburg metro attack Monday, which left 14 dead, dozens wounded and had initially sent investors rushing for haven investments like gold and the yen. US stocks also finished higher […]

France boosts security at holiday markets after Berlin carnage

PARIS, France (AFP) — Security has been beefed up at holiday markets throughout France following the carnage in Berlin on Monday, French Interior Minister Bruno Le Roux said. “Security at holiday markets was immediately reinforced” after a lorry ploughed into a Berlin holiday market killing at least nine people, he said. The scenes in Berlin were reminiscent of an attack in the French Riviera city of Nice in July in which Tunisian extremist Mohamed Lahouaiej […]