Tag: Wall Street

Global stocks pressured by oil weakness, profit taking

NEW YORK, United States (AFP) — Global stocks were under pressure Wednesday from weakening oil prices and worries about President Donald Trump’s decision to recognize Jerusalem as Israel’s capital. Major equity markets finished mixed, with Tokyo and Hong Kong falling decisively and indices in London, Paris, Frankfurt and New York ranging from flat to slightly positive or negative. Petroleum-linked shares were pressured as a US inventory report showed swelling supplies of gasoline, hitting oil prices. […]

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Asia markets mixed after US records, Bitcoin breaks $10,000

HONG KONG, China (AFP) — Asian markets were mixed on Wednesday following fresh records on Wall Street as Donald Trump’s tax-cut plans moved a step closer, while the pound extended gains on reports of a breakthrough in Brexit talks. Traders brushed off early worries caused by another North Korean missile test, while Bitcoin continued its surge to break the $10,000 mark for the first time. New York traders cheered a forecast-beating US consumer confidence survey […]

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Asian markets kick week off with losses but euro holds gains

HONG KONG, China (AFP) — Asian markets fell Monday after last week’s volatility, but the euro held gains following healthy economic data and on hopes German Chancellor Angela Merkel is close to forming a government. Investors ignored another strong lead from Wall Street, where the S&P 500 and Nasdaq chalked up fresh records on optimism for strong sales on Black Friday and Cyber Monday — the two major post-Thanksgiving shopping days. With little to drive […]

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Tokyo stocks open higher

TOKYO, Japan (AFP) — Tokyo stocks opened higher on Wednesday tracking rallies on Wall Street, with trade expected to be cautious ahead of a national holiday. The benchmark Nikkei 225 index rose 0.88 percent, or 197.69 points, to 22,614.17 in early trade while the broader Topix index was up 0.67 percent, or 11.84 points, at 1,782.97. © Agence France-Presse

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Global stocks shrug off German uncertainty, Wall Street at records

NEW YORK, United States (AFP) — Global equities pushed higher on Tuesday, with leading US indices ending at fresh records as investors shrugged off continued political uncertainty in Germany. Germany’s president held talks with party leaders in a last-ditch attempt to save the EU’s top economy from the political turmoil sparked by the collapse of Chancellor Angela Merkel’s coalition talks. But equity markets were unperturbed by the uncertainty, pushing higher across Asia, Europe and the […]

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AT&T sued, tech lifts Wall Street

Reuters — A source told Reuters Monday the Justice Department will file a lawsuit blocking AT&T’s $85-billion purchase of Time Warner. Tech and telecom stocks like AT&T pushed Wall Street higher on Monday. Trading volumes could be thin this week ahead of the Thanksgiving holiday on Thursday since no big companies are reporting earnings and economic data are slim. “As we sit today going into year end, we think that the stability will continue. However, […]

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Euro falls on worries over German political uncertainty

by John Biers Agence France Presse NEW YORK, United States (AFP) — The euro retreated Monday on concerns about the political crisis engulfing Germany, but European and US stocks rose. At the close of trading, Frankfurt’s DAX 30 index was up 0.5 percent, bouncing back from a weaker start, France’s CAC 40 also added 0.4 percent, while London’s FTSE was up by a modest 0.1 percent. A stronger showing on Wall Street — kicking off […]

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Tokyo stocks open lower; Toshiba down on share issuance

TOKYO, Japan (AFP) — Tokyo stocks opened lower Monday morning following declines on Wall Street, with Toshiba plunging after the embattled Japanese conglomerate announced plans to issue new shares. The benchmark Nikkei 225 index fell 0.45 percent, or 100.80 points, to 22,296.00 in early trade, while the broader Topix was down 0.40 percent, or 6.99 points, at 1,756.77. “Since the Nikkei index has overheated in the short term, its speed adjustment is expected to continue […]

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US stocks drop as weak oil prices drag down oil shares

NEW YORK, United States (AFP) — Wall Street stocks fell Wednesday on doubts about President Donald Trump’s tax cut proposal as weakness in oil prices dragged down petroleum-linked equities. Analysts expressed concern that an increasingly complex Capitol Hill debate on taxes could delay or derail the long-anticipated measure. The most recent idea in the Senate is to repeal the Obamacare individual mandate as part of the plan. “They are making their own progress, but at […]

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Global stocks tumble as Wall Street, Tokyo hit reverse

NEW YORK, United States (AFP) — Global stocks tumbled Thursday as disappointing earnings, profit taking and fears a US corporate tax cut will be delayed combined to drive major indices down. US stocks closed lower after declines in Japan, London, Frankfurt and Paris. Major tech stocks saw heavy losses: Google-parent Alphabet fell a full percentage point, Microsoft gave up 0.6 percent and Apple lost 0.4 percent. “A combination of profit taking and perhaps the prospect […]

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Wall Street stocks edge to new records for second straight day

NEW YORK, United States (AFP) — US stocks cruised to fresh records for the second straight day on Monday amid a tech-sector mega-merger and the opening debate in Congress on a Republican plan for deep corporate tax cuts. Oil stocks also rose as crude prices hit a two-year high on political upheaval in Saudi Arabia. The blue-chip Dow Jones Industrial Average finished up less than a tenth of a percentage point at 23,549.1 and the […]

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Asian markets fall on Trump and China bank warnings

HONG KONG, China (AFP) — Asian stocks mostly fell Monday morning, as US President Donald Trump lashed out at “not fair and open” trade practices and China’s central bank governor warned of excessive debt. Trump began his marathon Asia tour in earnest Monday by criticising the trade relationship with Japan, saying that the close Washington ally had been “winning” for decades at the expense of the United States. In particular, Trump’s criticism of “massive trade […]

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