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HONG KONG, China (AFP) — Asian markets mostly fell Tuesday following a sharp retreat on Wall Street fuelled by increasing worries about the global economy, while investors await the Federal Reserve policy meeting this week. A speech by President Xi Jinping later in the day is also on the radar, with hopes for some clues about possible reforms to China’s economy and plans for the next year. After a broadly upbeat start to the week, […]
HONG KONG, China (AFP) — Asian markets enjoyed more gains Thursday as investors are cheered by the more conciliatory noises from China and the US on trade, while uncertainty over Brexit continued to pressure the pound. While the tariffs row between Beijing and Washington is far from being resolved, there is a lot more optimism on trading floors this week that the world’s top two economies can make headway in talks over the next three […]
NEW YORK, United States (AFP) — Global stocks rallied Monday, shaking off recent weakness ahead of a meeting between the presidents of the United States and China that investors hope will produce a breakthrough. Markets were also hopeful as oil prices stabilized, Britain sealed a Brexit deal with the EU and Italy signaled a more conciliatory stance in a budget fight with Brussels. “The main driver is that we were oversold for a short period […]
NEW YORK, United States (AFP) — Stock markets on both sides of the Atlantic held steady on Monday as cautious investors eyed the upcoming US midterm elections, the resumption of Washington’s sanctions on Iran and brewing fiscal fears in Italy. Wall Street stocks finished mostly higher on the eve of the key vote, with the Dow and S&P 500 both notching solid gains, even as the Nasdaq pulled back. The mixed-bag session on Wall Street […]
by John BIERS Agence France Presse NEW YORK, United States (AFP) — Global stocks mostly fell Thursday on a panoply of worries as varied as higher US interest rates, the diplomatic fallout from the disappearance of a Saudi journalist and rising unease about the eurozone due to Italy’s controversial budget plans. “There are so many things the market is dealing with right now,” said Tom Cahill of Ventura Wealth Management. “People are on edge and […]
NEW YORK, United States (AFP) — Most of the world’s stock markets pushed higher and the dollar rose Thursday as investors embraced the Fed’s view that the US economy is growing solidly but not at imminent risk of overheating. An exception was Milan, which faltered on worries about its fiscal profile, and Tesla Motors, which dived in after-hours trading on news US securities regulators have charged chief executive Elon Musk for fraud connected to an […]
by Shaun Tandon / Ali Bekhtaoui Agence France Presse NEW YORK, United States (AFP) — Spotify soared Tuesday to a value of more than $26 billion in its long-awaited stock debut as the market delivered a ringing endorsement of the future of music streaming. In one of the largest public offerings ever in the tech sector, Spotify on its first day topped the market capitalization of other high-profile recent market entrants, including Twitter, […]
HONG KONG, China (AFP) — Asian markets turned negative again on Monday as the fallout from Donald Trump’s steel and aluminum tariffs continues to feed concerns of a global trade war. Equities went into a tailspin last week after the tycoon unveiled his plans for the controversial levies, and while US investors ended Friday on a slightly positive note, there is still the prospect of more volatility to come. Trump ramped up his rhetoric at […]
by Glenn Chapman Agence France Presse SAN FRANCISCO, United States (AFP) — Dropbox filed Friday for an initial public offering, seeking to raise an estimated $500 million for the Silicon Valley cloud computing storage startup. The San Francisco company claimed 500 million users in 180 countries and $1 billion in annual revenues in documents filed with the Securities and Exchange Commission. Dropbox said its shares will trade on the Nasdaq under the symbol “DBX.” […]
HONG KONG, China (AFP) — Asian markets mostly rose on Monday as investors cautiously edged back into buying after last week’s global rout, with confidence lifted by a rally on Wall Street but analysts warned of further volatility. After a stellar 2017 and a January that saw record and multi-year highs around the world, traders are scurrying to the hills this month as a strong economic outlook — particularly in the US — healthy corporate […]
HONG KONG, China (AFP) — Asian markets mostly rose on Tuesday with Hong Kong edging up for an eleventh straight trading day as investors press on with a global rally that has the region enjoy its best start to a year since 2006. Wall Street provided yet another record lead as eyes turn to the beginning of the corporate earnings season, with sentiment buoyed by strong economic readings and hopes that Donald Trump’s tax cuts […]
TOKYO, Japan (AFP) — Tokyo’s benchmark Nikkei index closed at a 26-year high for the second consecutive day on Friday as Wall Street continued a record-setting advance. The bellwether index, which hit its best level since January 1992 on the first trading day of 2018 Thursday, added another 0.89 percent, or 208.20 points, to close at 23,714.53. The broader Topix index was up 0.89 percent, or 16.52 points, at 1,880.34. World stock markets went on […]
