Wraps

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  • In Asian Equity Markets stocks fell on Monday while the dollar marked fresh highs after Federal Reserve Chair Janet Yellen suggested that an interest rate hike could be around the corner. MSCI's broadest index of Asia-Pacific stocks outside Japan fell 0.2 percent. Japan's Nikkei stock index added 0.9 percent, as the yen weakened and expectations rose that the government would delay a sales tax hike scheduled for A...

  • In European Equity Markets stocks were steady on Friday, propped up by the Swiss stock market and pharmaceuticals companies after drugmaker Roche climbed on positive results for one of its products. The pan-European STOXX 600 and FTSEurofirst 300 equity indexes both rose 0.2 percent. Zurich's benchmark SMI market outperformed to rise 0.8 percent, helped by a 4 percent gain at Roche.  Roche got a big boost when a clinical trial testing its new blood ca...

  • In Asian Equity Markets stocks pulled ahead on Friday after U.S. data continued to put the economy in a positive light, while the dollar was on the defensive against major peers. MSCI's broadest index of Asia-Pacific stocks outside Japan gained 0.2 percent to a two-week high. The index was on track to rise 2.2 percent this week. The Nikkei index edged up 0.4 percent to end the morning session at 16,846.32. China's CSI300 and Shanghai Composite

  • In European Equity Markets stocks steadied on Thursday, with banks coming under pressure after a surprise rights issue by Spain's Banco Popular raised fears that others in the region may follow to strengthen their balance sheets. The pan-European STOXX Europe 600 ended up 0.1 percent, while the FTSEurofirst 300 added 0.2 percent. Speculation about potential capital hikes weighed particularly on Spanish and Italian banks, with Caixabank , Sabadell, UBI and UniCredit all ...

  • In Asian Equity Markets Japanese stocks inched higher in choppy trade on Thursday following a rise in oil prices and gains on Wall Street, but indexes remained vulnerable to yen volatility as the currency see-saws against the dollar. The Nikkei share average ended the morning session 0.3 percent higher at 16,805.63 points, paring some of its early gains due to a strengthening yen. Shares of Mitsubishi Motors Corp soared 5.9 percent after the automaker restated its finan...

  • In European Equity Markets stocks rose to a four-week high on Wednesday with banks buoyed by progress on talks towards securing a debt relief deal for Greece, and energy shares rose on the back of a rally in oil. The FTSEurofirst 300 and the STOXX Europe 600 index both touched their highest levels since late April, climbing 1.4 percent. Banks rose after euro zone finance ministers agreed with Greece and the International Monetary Fund on a deal that will address Athens'...

  • In Asian Equity Markets stocks rebounded from a seven-week low, joining a rally in U.S. and European shares as a rise in U.S. home sales fueled speculation the world's largest economy can withstand higher interest rates. With the exception of Malaysia, benchmarks rallied across the region, led by a 2.5 percent jump in Hong Kong's Hang Seng Index. China Coal Energy Co. jumped 10 percent in Hong Kong after Citigroup Inc. upgraded its recommendation ...

  • In European Equity Markets stocks rose to their highest point in almost 4 weeks on Tuesday as firmer financial stocks lifted the region's equity markets. The pan-European FTSEurofirst 300 and STOXX 600 indexes were both up 2.2 percent, extending earlier gains helped by a weakening euro and a reversal of crude oil prices into positive territory. Swiss drugmaker Galenica fell more than 6.2 percent as investors were disappointed by its decision to postpone a break up of the gro...

  • In Asian Equity Markets stocks fell to near 2-1/2-month lows on Tuesday and the U.S. dollar pared some of its recent losses as investors worried about the likelihood of a U.S. interest rate increase in coming weeks. MSCI's broadest index of Asia-Pacific ss outside Japan lost 0.5 percent. The Nikkei index fell 0.7 percent to 16,540.52 in late morning trade. The broader Topix fell 0.6 percent to 1,330.20 in late morning trade and the JPX-Nikkei Index 400 declined 0.7 per...

  • In European Equity Markets the Greek bourse outperformed weaker European stock markets on Monday after Athens agreed a series of reforms that should pave the way for an agreement on bailout loans and debt relief talks. The FTSEurofirst 300 index lost 0.5 percent, while the European STOXX 600 fell 0.4 percent. Athens' benchmark ATG index rose 1.5 percent. Fiat Chrysler fell 4.4 percent after German newspaper Bild am Sonntag said the carmaker could be prohibite...

  • In Asian Equity Markets Japanese stocks fell on Monday on fears that the government will proceed with its plan to raise the sales tax next April, risking a further blow to the sluggish economy. The Nikkei share average slipped 0.5 percent to end at 16,654.60 points, after dropping more than 1 percent at one point. Home appliances and electronics exporter Panasonic Corp edged down 0.3 percent while auto exporter Toyota Motor Corp ended the day 1 percent ...

  • In European Equity Markets stocks rose on Friday, led higher by financials and mining companies, which climbed as metal prices gained ground. The FTSEurofirst 300 index rose 1 percent to 1,322.93 points, while the Euro STOXX 50 index advanced 1.1 percent. UniCredit rose 4.4 percent after a source with knowledge of the matter said it was assessing the sale of stakes in FinecoBank, Turkey's Yapi Kredi and Poland's Bank Pekao. Luxury goods company Richemont fell...

  • In Asian Equity Markets Japan's Nikkei was mostly flat on Friday as investors stayed on the sidelines ahead of Group of Seven meetings, and prospects for a U.S. interest rate hike as early as June curbed buyers' appetite. Japan Tobacco dropped 2.6 percent to a near three-week low after Britain got the go-ahead to make plain packaging compulsory on cigarettes when a court struck down a legal challenge brought by the world's top four tobacco companies, including Ja...

  • In European Equity Markets stocks fell on Thursday as weaker oil and metals prices put pressure on commodities stocks and concern mounted that U.S. interest rates would be raised soon. The pan-European FTSEurofirst 300 index was down 0.3 percent. Germany's Deutsche Bank rose 3.7 percent. A trader said Deutsche Bank would be one of the biggest beneficiaries among European banks if the Fed raises rates, thanks to its U.S. business. Travel...

  • In Asian Equity Markets stocks were flat in choppy trade on Thursday morning as a late rise in the yen erased earlier index gains that came from increased expectations of a Federal Reserve rate hike in June. The Nikkei share average ended the morning session flat at 16,636.67. The benchmark index continues to see its gains rise and fall with the yen's relative weakness to the dollar amid thin, choppy trade. Exporters' shares rose on the yen's relat...

  • In European Equity Markets stocks recovered from a weak start on Wednesday, with a rally in banks and a rebound on Wall Street helping to counteract some weak corporate earnings from companies including Switzerland's Sonova. The pan-European FTSEurofirst 300 index rose 0.8 percent to 1,325.78 points by the close, recovering from an early fall.  Weak earnings were a weight on the market, and Swiss hearing aid maker Sonova was among the wors...

  • In Asian Equity Markets stocks weakened on Wednesday in the wake of accelerating U.S. inflation and comments from Federal Reserve officials that rekindled prospects of an interest rate rise as early as June. MSCI's broadest index of Asia-Pacific stocks outside Japan lost 0.8 percent. The Nikkei index shed its morning session gains to sit 0.8 percent lower at 16,517.71 in mid-afternoon trade. The broader Topix was 0.5 ...

  • In European Equity Markets stocks steadied on Tuesday with gains in companies such as Taylor Wimpey and Vodafone following encouraging updates and a rally in mining companies offset by a weaker auto sector. The FTSEurofirst 300 ended little changed after earlier rising to its highest since early May. Taylor Wimpey advanced 4.7 percent after the housebuilder announced a new special payout, promising investors about 1.3 billion pounds over three years, underpinned by stro...

  • In Asian Equity Markets stocks recovered from two-month lows on Tuesday after a rebound in technology giant Apple Corp and oil price gains boosted Wall Street. MSCI's broadest index of Asia-Pacific stocks outside Japan rose 0.4 percent, extending the recovery from its two month low set on Friday. Japan's Nikkei gained about 0.8 percent. The broader Topix rose 0.8 percent to 1,332.45 and the JPX-Nikkei Index 400 gained 0.9 percent to 12,063.66. In the pa...

  • In European Equity Markets stocks decreased on Monday with satellite operator Eutelsat and power station company Drax falling after broker downgrades. The pan-European FTSEurofirst 300 index was down 0.4 percent. Volumes were thin with the German and Swiss markets closed for a public holiday.  Eutelsat, which lost 27.6 percent on May 13 after the company cut its outlook, fell a further 7 percent on Monday after Morgan Stanley cut its ratin...

  • In Asian Equity Markets buoyant Japanese stocks led Asian stocks to modest gains on Monday, helping to offset some of the gloom from soft Chinese data. The Nikkei index rose 1 percent to 16,583.04. MSCI index rose 0.5 percent. Hong Kong's Hang Seng added 1.2 percent, Australian stocks advanced 0.6 percent an...

  • In European Equity Markets  shares rebounded from losses earlier in the session on Friday, as strong U.S. retail sales data buoyed markets, although satellite company Eutelsat fell 30 percent after slashing its outlook. The pan-European FTSEurofirst 300 index had spent much of the day in negative territory, then swung back up to stand 0.6 percent higher following the U.S figures. French video games maker Ubisoft climbed 8.3 percent after higher sales an...

  • In Asian Equity Markets Japanese stocks fell in choppy trade on Friday, dragged down by profit-taking and persistent concerns over a stronger yen's impact on corporate profits. The Nikkei share average slid 1.4 percent to 16,412.21, ending a four-day winning streak. The benchmark index ended the week 1.9 percent higher. Rakuten Inc shares fell 5.4 percent after the e-commerce giant reported a 17.3 percent year-on-year drop in net profit for the January...

  • In European Equity Markets stocks inched lower in choppy trade on Thursday, weighed down by some disappointing earning updates, while Bayer and BASF dropped on reports they could be interested in buying Monsanto. The FTSEurofirst 300 index was down 0.4 percent, having risen by as much as 0.9 percent earlier in the session on the back of gains in crude oil prices, which later turned lower. German utility RWE rose 7 percent after its first-quarter operati...

  • In Asian Equity Markets stocks fell on Thursday following a dismal day on Wall Street, while the dollar took a breather from this week's rebound and crude oil gave back some of its recent gains. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3 percent. The Nikkei index gained 0.3 percent to 16,623.95 points, putting the benchmark index on course to post its four straight session of gains. The broader Topix added 0.1 percent to 1,335.83 and the J...

  • In European Equity Markets stocks fell on Wednesday as some weak earnings reports pushed the market lower after two days of gains. The FTSEurofirst 300 index and the European STOXX 600 index were both down by around 0.5 percent. The outdoor advertising group, JC Decaux, lost 9.6 percent after a weak second-quarter outlook led several investment banks to cut their ratings and price targets on the shares. Raiffeisen Bank fell 10.2 percent on concerns over the company's plans to merg...

  • In Asian Equity Markets stocks gave up early gains and turned lower on Wednesday as investors shrugged off an overnight rally in global stocks and looked to bonds in the absence of signs of a sustainable recovery in China and other emerging markets. MSCI's broadest index of Asia-Pacific stocks outside Japan fell 0.2 percent after being up as much as 0.4 percent in early trades. The Nikkei rose 0.1 percent to 16,574.06 in midmorning trade after rising as high as 16,814.64 earlier...

  • In European Equity Markets stocks rose on Tuesday, lifted by news of progress on Greek debt talks, with Danish jeweller Pandora rising after strong results and Credit Suisse gaining after a smaller-than-expected loss. The FTSEurofirst 300 index ended up 0.9 percent, while Greek stocks rose 3.1 percent to their higest level this year after euro zone finance ministers offered to grant Greece some debt relief. Pandora rose 11 percent after reporting a bigger-than-expected ...

  • In Asian Equity Markets stocks fell to two-month lows on Monday as weak oil prices weighed on sentiment while the dollar got a lift against its peers as the differences in policy directions between the world's top central banks became starker. MSCI index was down 0.2 percent, its lowest since Mar. 11. Hong Kong and Chinese stocks led regional markets lower. Japan's Nikkei index rose more than 2 perce...

  • In European Equity Markets stocks gained on Monday, but closed off their best levels after oil prices turned negative. The FTSEurofirst 300 index gained 0.4 percent and Germany's DAX climbed 1.1 percent. The Athex Composite Index rose 0.7 percent to 610.07.  The Stoxx Europe 600 added 0.5 percent to finish at 333.22, rebounding somewhat from its 2.9 percent weekly fall last week. 

  • In Asian Equity Markets Japan's Nikkei index rose on Monday, snapping a six-session losing streak as the strong yen trend paused. The Nikkei rose 0.4 percent to 16,167.63 points by midmorning, bucking regional weakness. The broader Topix gained 0.5 percent to 1,304.52 and the JPX-Nikkei Index 400 added 0.4 percent to 11,777.51. The Shanghai Composite fell 1.59 percent, while the S&P/ASX200 drifted down 0.33 percent. In China, monthly trade data released on Sunday, which showe...

  • In European Equity Markets stocks fell on Friday, with steelmaker ArcelorMittal and hedge fund Man Group among the worst performers. Weak U.S. jobs data further weighed on markets. The pan-European FTSEurofirst 300 index fell 1.2 percent as the stocks lost ground after disappointing U.S. jobs data. ArcelorMittal fell 3.2 percent after the world's largest steelmaker kept its guidance unchanged. Man Group lost 8.5 percent after Citigroup cut its rat...

  • In Asian Equity Markets Japanese stocks fell on resumption of trading on Friday morning after a three-day holiday closure as an air of caution prevailed ahead of a key U.S. jobs report, while investors also worried about the impact of a strong yen on corporate profits. The Nikkei index fell 0.7 percent to 16,031.72 in morning trade. The broader Topix fell 0.6 percent to 1,291.67 and the JPX-Nikkei Index 400 declined 0.6 percent to 11,675.91. MSCI's broadest index of Asia-P...

  • In European Equity Markets stocks edged higher on Thursday, buoyed by encouraging earnings updates including from telecoms group BT and oil company Repsol. The pan-European FTSEurofirst 300 index rebounded to stand 0.5 percent higher. BT was one of the best-performing stocks in the region, rising 3.3 percent after the phone group reported a better-than-expected 6 percent rise in full-year earnings. Spanish oil major Repsol climbed 6.4 percent after posting a...

  • In Asian Equity Markets stocks fell for a seventh straight session on Thursday as mixed economic data did nothing to assuage concerns about global growth, keeping sovereign bonds well supported as a hedge against deflation risks. Markets in Japan were shut for a public holiday. MSCI's broadest index of Asia-Pacific stocks outside Japan eased 0.3 percent, while the S&P/ASX200 index fell 0.25 percent. The Shanghai Composite Index eased 0.19 percent, while Hong Kong's&n...

  • In European Equity Markets stocks fell on Wednesday, hovering near three-week lows, with shares in Dialog Semiconductor falling after it cut its revenue outlook and BHP Billiton stock falling on news of a lawsuit filed against it in Brazil. The FTSEurofirst 300 index was down 1 percent. BHP lost 4.3 percent after federal prosecutors in Brazil filed a $43.5-billion civil lawsuit against iron miner Samarco and its owners, Vale and BHP, over the collapse of a dam last Nov...

  • In Asian Equity Markets stocks fell on Wednesday with Tokyo shut for a holiday and investors looking ahead to U.S. jobs data at the end of the week for direction. The S&P/ASX200 eased 1.13 percent. The Shanghai Composite Index fell 0.30 percent, while Hong Kong's Hang Seng index was last down 1.06 percent. The Korea Composite Stock Price Index was down 0.6 percent at 1,973.52 points. In overnight trading, the Caixin Media Co. reported t...

  • In European Equity Markets stocks fell to a three-week low on Tuesday, with Commerzbank leading the decline after a fall in profits and mining stocks falling along with metals prices. The pan-European FTSEurofirst 300 index fell 1.7 percent at 1,318.9 points, its lowest closing since April 12. Germany's Commerzbank fell 9.6 percent after posting a 52 percent fall in first-quarter net profit, hit by volatile capital markets and low interest rates.&...

  • In Asian Equity Markets stocks were mixed on Tuesday as a weaker than expected Caixin manufacturing survey was shrugged off and investors eyed U.S. jobs data at the end of the week. The S&P/ASX200 rose 0.65 percent, while the Shanghai Composite Index was last up 1.39 percent to 2,979.05. Hong Kong's Hang Seng index was last down 1.16 percent to 20,823.48. Markets in Japan were shut for a public holiday. The Caixin Manufacturing PMI for April came in at 49.4, bel...

  • In European Equity Markets stocks edged up on Monday after sharp declines in the previous session, with German stocks outperforming the broader market after a positive manufacturing survey. The Euro STOXX 50 index ended up 0.1 percent. Germany's DAX rose 0.8 percent after data showed factory activity in Europe's biggest economy rose to a three-month high in April, buoyed by rising demand at home and abroad.  Ferrari fell 0.8 percent after ...

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