Journalism of Courage
WORLD MARKET NEWS - Page 51
European shares dented by weak earnings outlooks, but Zalando soars
July 19, 2016 23:46 IST
IMF cited uncertainty from Britain's vote last month to quit the European Union as a major factor for its downgrade
Pokemon GO: Nintendo’s market cap doubles to $42 bn
July 19, 2016 13:57 IST
The popularity of Pokemon GO is producing an unexpected boom in some shares that have a scant link to the game.
China woes dent Singapore exports, more stimulus may be needed
July 18, 2016 09:40 IST
Non-oil domestic exports fell 2.3 percent last month from a year earlier, the trade agency International Enterprise Singapore said in a statement on Monday.
Gold falls as safe haven appeal wanes after failed Turkey coupSubscriber Only
July 18, 2016 09:12 IST
The US dollar gained on the yen in Asia on Monday as investors unwound safe-haven trades in the wake of the attempted coup in Turkey
Oil prices rebound on weaker dollar, bargain-buyingSubscriber Only
July 14, 2016 11:49 IST
Oil prices have fluctuated between $44 and $52 a barrel over the past month after hitting near 13-year lows below $30 in February.
Asian shares near 8-month peak on hopes of BoE rate cuts
July 14, 2016 08:55 IST
Wall Street shares have quickly recovered the losses triggered by Britain's vote on June 23 to leave the European Union, driven by upbeat US economic data.
UK leadership change raises risk of looser fiscal stance: Moody’s
July 13, 2016 08:58 IST
Theresa May is due to become the Britain's new prime minister on Wednesday after the ruling Conservative Party's leadership contest was cut short when her only remaining rival dropped out of the race on Monday.
S&P, Dow at record highs, Nasdaq turns positive for 2016
July 13, 2016 02:02 IST
"There are no good alternatives, from an income standpoint, to the US equity markets at this point, and that's driving the momentum today," said US Bank Private Client Group chief investment officer.
IMF sees ‘negligible’ Brexit impact on US growth
July 12, 2016 20:00 IST
The IMF said in its formal annual review of the US economy and policies that the Brexit vote has prompted a rise in the dollar that has been less than feared, up about 1 per cent in nominal effective terms.
Brexit to curtail euro zone growth, impact hinging on political leaders
July 12, 2016 19:50 IST
The outcome of last month's British referendum has rocked financial markets on the continent, with the threat of a recession in one of the single currency area's main trading partners increasingly being seen as a certainty.
Australian stocks continue to rise, New Zealand at new record
July 12, 2016 08:56 IST
With major political developments back home in Australia and in the UK, market experts believe the whole situation is giving investors lot to cheer
Asian shares rally as Wall Street strikes new record high
July 12, 2016 08:47 IST
On Wall Street, the S&P 500 index on Monday broke a new record high, its first in more than a year, extending its gain after Friday's bumper job figures reduced worries about slowdown in employment.
S. Korean stocks choppy as Won eases against the dollar
July 12, 2016 08:38 IST
Stock market experts believe that a strong Wall Street and upbeat second-quarter earnings guidance from many of the local companies pulled equities up.
Nikkei recovers to near pre-Brexit level on govt stimulus hopes
July 12, 2016 08:23 IST
Toyota Motor Corp soared 4.1 percent, Honda Motor Co gained 4.4 percent and Panasonic Corp jumped 5.5 percent.
IMF says Italy faces ‘monumental challenge’ despite economic reforms
July 12, 2016 04:49 IST
According to IMF predictions, Italy, long one of Europe's most sluggish economies, will struggle to close the gap with its peers even if recent reforms are fully implemented.
Standard & Poor’s 500 index rises to record high at 2,137 points, US stocks gainSubscriber Only
July 12, 2016 03:59 IST
The gains on Wall Street reflected continued momentum from Friday's surprisingly strong US jobs report, which raised hopes that the American economy was strengthening.
China’s yuan slips, Central Bank controlling pace of depreciation
July 11, 2016 09:56 IST
Traders also noticed that the direction of the fixing was not in line with market expectations of the midpoint to weaken slightly but the central bank strengthened it instead.
Asia stocks hit four-week high after strong US jobs dataSubscriber Only
July 11, 2016 09:04 IST
The Asian rebound came after news the US economy added 287,000 jobs last month, well above median forecasts and recovering from a very weak May report.
Chinese short bond yields down sharply after surprise rise in foreign exchange reserves
July 8, 2016 15:55 IST
Bond market issuance has shifted towards lower maturities over the past year and a half, which leaves the market vulnerable to sudden downturn in the event of sharp funding crunch.
British employers worry about uncertain fate of EU staff after Brexit
July 8, 2016 15:40 IST
Businesses that rely on EU workers say the uncertainty has already created hardship for their staff and hurt their recruitment plans.
Nikkei turns down ahead of US jobs data, Nintendo jumps
July 8, 2016 10:19 IST
The release of the US jobs report later in the session will give investors a brief chance to shift their focus away from the aftermath of Brexit.
US Stocks: Energy weighs on Wall Street but Costco shines
July 8, 2016 03:05 IST
The Dow Jones industrial average fell 22.74 points, or 0.13 percent, to 17,895.88, the S&P 500 lost 1.83 points, or 0.09 percent, to 2,097.9.
Fog of Brexit clouds outlook for central banks seeking clarity
July 7, 2016 10:49 IST
With past overseas events of similar importance, such as the euro zone debt crisis, it has taken the Fed months to get clarity.
Asia stocks rise, Australian dollar hit by ratings blow
July 7, 2016 08:35 IST
The Aussie initially fell half a US cent to $0.7470 after Standard and Poor's cut the country's outlook to negative from stable citing a need for fiscal repair.
British pound sinks to new depths on Brexit anxiety, yen soars
July 6, 2016 09:40 IST
The euro jumped as high as 86.26 pence, its highest since August 2013, and was last up 0.9 percent at 85.76 pence.
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