Wraps

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  • In European Equity Markets stocks extended their first weekly decline in a month as investors awaited Italy's referendum and U.S. jobs data gave a mixed picture of the economy to traders assessing prospects for higher interest rates. The Stoxx Europe 600 Index lost 0.4 percent at the close. Italy's FTSE MIB Index reflected little panic in the run-up to Sunday's vote on constitutional reform, posting the best weekly performance among developed markets. T...

  • In Asian Equity Markets Japan's Nikkei index was poised for a weekly gain but fell as investors locked in gains ahead of U.S. jobs data later in the session, with losses kept in check as higher Japanese yields lifted financial stocks. The Nikkei was down 0.5 percent at the end of morning trade at 18,425.45. The broader Topix as well as the JPX-Nikkei Index 400 were both down 0.2 percent at 1,480.79 and 13,287.41 respectively. MSCI's broadest index of Asia-Pacific stocks outs...

  • In European Equity Markets stocks edged lower on Thursday in a broad-based sell-off, halting a two-day rally and retreating from the previous session's three-week highs, led lower by falls in TalkTalk and Elekta. The STOXX 600 was down 0.6 percent. The STOXX Europe 600 Oil and Gas index was up 1.1 percent, while the basic resources index was up 0.1 percent, the only two sectors in positive territory. Top faller was TalkTalk, down 4.6 percent, after a downgrade by ...

  • In Asian Equity Markets  Japan's Nikkei ended at its highest since last December on Thursday, led by mining stocks after OPEC agreed to cut crude output for the first time since 2008 to support oil prices, while a weak yen lifted overall sentiment. The Nikkei share average gained 1.1 percent to 18,513.12, the highest closing level since Dec. 30, 2015. Australian S&P/ASX 200 Index added 0.42 percent to 5,463.60. In th...

  • In European Equity Markets stocks climbed to a three-week high on Wednesday, staying on track to end the month in positive territory, with energy stocks racing higher on expectations of a deal to cut crude oil production to tackle oversupply. The pan-European STOXX 600 rose 0.3 percent. Shares in state-backed British bank RBS fell 4.5 percent after it failed the Bank of England's stress test of seven British lenders and was told to boost its capital buffers...

  • In Asian Equity Markets  stocks tried to stabilize after a rocky November month drew to a close, but Wednesday's session brought new anxieties as Chinese equities and commodities tanked amid worries that Beijing's efforts to support its currency could squeeze liquidity. The decline in Chinese stocks weighed on regional markets with MSCI's broadest index of Asia-Pacific stocks outside Japan trimming early gains to be up 0.2 percent. The Shanghai Composite Inde...

  • In European Equity Markets stocks steadied on Tuesday after finishing lower in the previous session, with banks stronger but miners down on a fall in industrial metals prices. The pan-European STOXX 600 index was up 0.02 percent. The European basic resources index was down 1.2 percent as prices of major industrial metals fell by 1 to 2.2 percent after recent strong gains. Shares in Antofagasta, BHP Billiton, Rio Tinto and Anglo American fell...

  • In Asian Equity Markets Japanese stocks fell on Tuesday in thin trade after Wall Street fell, while a stronger yen hurt sentiment and insurers took a breather from recent gains. The action in Asian stocks was guarded with Australia up 0.1 percent and Japan's Nikkei  off 0.2 percent. The broader Topix shed 0.1 percent at 1,468.57 and the JPX-Nikkei Index 400 also declined 0.1 percent at 13,179.86. MSCI's broadest index of Asia-Pacific stocks outside Japan ba...

  • In European Equity Markets stocks fell on Monday, weighed down by a fall in banks which were led lower by Italian lenders which hit their lowest point since end-September on continued worries over a cash call at troubled lender Monte dei Paschi. The pan-European STOXX Europe 600 index lost 0.8 percent at 339.83 by the close. Italian banks fell 3.9 percent, on continued doubts over Monte dei Paschi's ability to execute a 5 billion euros capital cash call. Man ...

  • In Asian Equity Markets Japanese stocks erased early losses to end mostly higher on Monday as domestic investors scooped up financials and defensive shares, helping the broader Topix index to log a rise for a twelth consecutive day. The Nikkei ended down 0.1 percent at 18,356.89, as bargain hunters brought the index back from an early fall of 0.9 percent. But the Topix rose 0.3 percent to 1,469.58 and the JPX-Nikkei Index 400 rose 0.3 percent to 13,187.85. MSCI's ...

  • In European Equity Markets stocks endured a choppy trading session Friday, fluctuating between small gains and losses over the course of the day. The majority of the markets ended the session with small gains. Bank stocks were under pressure ahead of the upcoming Italian referendum on constitutional reform. The vote is set to occur on December 4. Austria will also hold its presidential election on the same day. Actelion jumped 16.8 percent in Zurich aft...

  • In Asian Equity Markets stocks advanced on Friday as the Thanksgiving break in the United States helped slow a relentless rise in the dollar that has sucked capital out of most emerging markets. The Nikkei rose 0.3 percent to 18,381.22. The broader Topix ended 0.3 percent higher to 1,464.53 and the JPX-Nikkei Index 400 gained 0.3 percent to 13,146.29. MSCI's broadest index of Asia-Pacific stocks outside Japan added 0.5 percent. It is se...

  • In European Equity Markets stocks edged up on Thursday, remaining within a recent range, as a boost from chemical and insurance companies was partly offset by weak telecoms and utilities. The STOXX Europe 600 index was up 0.1 at 341.02, still down 0.5 percent from Tuesday's high for the week. Domino's Pizza was the top riser, up 6 percent. The company said it would step up its expansion plans after seeing a strong performance from new outlets and a positive market outlook.&...

  • In Asian Equity Markets Japan's Nikkei index rose for a sixth day on Thursday helped by hopes for better exporters' earnings as the dollar jumped against the yen.  The Nikkei ended 0.9 percent higher at 18,333.41, extending its gains into a sixth day to post its longest winning streak since mid-July. The Topix gained 0.9 percent to 1,459.96 and the JPX-Nikkei Index 400 advanced 0.9 percent to 13,105.50. MSCI's broadest index of Asia-Pacific stocks out...

  • In European Equity Markets stocks steadied on Wednesday, with basic resources companies underpinning the broader market following a rise in metals prices. The pan-European STOXX 600 index ended down 0.07 percent, after rising in the previous two sessions. The European basic resources index rose 1.3 percent after hitting its highest level since mid-2015 after base as precious metals prices advanced. Shares in BHP Billiton, and Rio Tinto rose 2.1 and 0.9 percent respecti...

  • In Asian Equity Markets stocks bounced to one-week highs on Wednesday as investors tried to share in the exuberance of Wall Street's record run, while lofty U.S. bond yields favored the dollar at the expense of emerging market currencies.  With Japan on holiday, Australia's main index led the action in Asia with a rise of 1.35 percent to a one-month top helped by strength in bulk commodity prices. China's blue-chip CSI300 index advanced 0.5 percent to a near 11-month pea...

  • In European Equity Markets metals and mining stocks climbed 3 percent on Tuesday underpinning a firm open for Europe's benchmark stock index as the global reflation trade in the wake of Donald Trump's victory in the U.S. presidential election continued. The pan-European STOXX 600 index rose 0.7 percent in early trades. The European basic resources index was the best performing sector index after prices of major industrial metals such as copper and aluminum rose 1 to 2 percent. Ang...

  • In Asian Equity Markets Japanese stocks edged up in choppy trade on Tuesday to close on a five-day winning streak, but gains were limited as investors opted not to take big positions before a national holiday in Japan.  The Nikkei rose 0.3 percent to 18,162.94, its highest close since early January. The broader Topix gained 0.3 percent to 1,447.50 and the JPX-Nikkei Index 400 added 0.3 percent to 12,983.20. MSCI's broadest index of Asia-Pacific stocks ...

  • In European Equity Markets stocks fell on Monday, weighed down by losses among pharmaceuticals and financials and by worries that next month's Italian referendum on constitutional reform could create political instability. The pan-European STOXX 600 fell 0.5 percent. Among the biggest weights on the STOXX were drug makers Novartis and Roche, which fell 1.4 and 0.6 percent respectively; and big banks Lloyds and UBS, both down more than 1 percent. German chip designer Aixtron fell m...

  • In Asian Equity Markets Japan's Nikkei rose on Monday, gaining for a fourth day after a further weakening in the yen boosted overall sentiment, while mining stocks staged a rally thanks to rising oil prices. The Nikkei index rose 0.8 percent to 18,106.02, its highest closing level since Jan. 5. The broader Topix gained 1.0 percent to 1,442.93 and the JPX-Nikkei Index 400 added 1.0 percent to 12,945.20. MSCI's broadest dollar-based index of Asia-Pacific stocks out...

  • In European Equity Markets stocks ended lower on Friday, with mining and energy stocks bearing the brunt of the sell off after commodities prices slipped following a rally in the dollar. The pan-European STOXX 600 closed 0.4 percent lower after rising earlier in the session to a one-week high. However, the index finished for a second straight week in positive territory, helped by a pledge by U.S. President-elect Donald Trump to boost infrastructure spending. ...

  • In Asian Equity Markets Japan's Nikkei index rose to a 10-1/2-month high on Friday as the yen weakened further against the surging dollar, raising prospects for better-than-expected exporters' earnings. The Nikkei ended 0.6 percent higher at 17,967.41, its highest level since Jan. 6. The broader Topix gained 0.4 percent to 1,428.46 and the JPX-Nikkei Index 400 added 0.3 percent to 12,819.33. MSCI's broadest index of Asia-Pacific stocks outside Japan fell 0.4...

  • In European Equity Markets Italian stocks underperformed on Thursday, as the country's bank stocks fell to five-week lows on jitters over next month's constitutional reform referendum. A bounce in basic resources and energy stocks helped the pan-European STOXX 600 index rise 0.6 percent, making up for losses seen in the previous session, but Milan's blue-chip FTSE MIB index ended flat. Italy's lenders UniCredit and Banco Popolare fell 5.6 and 4.8 percen...

  • In Asian Equity Markets Japanese stocks ended marginally higher on Thursday as stocks were bought after the central bank's first fixed-rate debt purchasing operation weakened the yen. The Nikkei ended flat at 17,862.63 in choppy trade, while the Topix rose 0.1 percent to 1,423.08. The JPX-Nikkei Index 400 also gained 0.1 percent, to 12,786.58. MSCI's broadest index of Asia-Pacific stocks outside Japan nudged up 0.1 percent. The Australian index, S&P/ASX 200, fell&nb...

  • In European Equity Markets stocks fell on Wednesday, weighed down by a pull-back in banking stocks, while German chemical group Bayer fell after a costly bond issue. The STOXX 600 fell 0.2 percent. Europe's chemical index fell 1.2 percent, hit by a 4.2 percent fall in Bayer after the company placed 4 billion euros of bonds to help finance its Monsanto takeover. The Europe's bank index fell 1.2 percent, making it the biggest sectoral loser in Euro...

  • In Asian Equity Markets Japan's Nikkei index rose to a 9-1/2-month high on Wednesday, as a weaker yen underpinned exporters and higher Japanese yields stoked bank stocks. The Nikkei ended up 1.1 percent at 17,862.21, scaling its highest levels since Feb. 1. The broader Topix rose 1.3 percent to 1,421.65, while the JPX-Nikkei Index 400 also added 1.3 percent to 12,777.92. MSCI's broadest index of Asia-Pacific stocks outside Japan rose 0.6 percent, bouncing back fro...

  • In European Equity Markets stocks edged up on Tuesday helped by a rise in crude oil prices and a rebound in utilities, while telecoms equipment maker Nokia fell on a disappointing earnings outlook update. The STOXX 600 rose 0.3 percent at the end of a choppy session. RWE rose 2.6 percent, supported by an upgrade to hold at Kepler. Nokia fell 3.8 percent. The company expects its sales to fall around 2 percent next year, in line with the broader telecoms netwo...

  • In Asian Equity Markets Japan's Nikkei index ended marginally lower in choppy trade on Tuesday as investors took profits from sharp gains in the past few days, offsetting gains in banking stocks, which rose on better-than-expected half-year earnings. The Nikkei fell 0.03 percent to 17,668.15 after opening a tad higher, while the broader Topix gained 0.2 percent at 1,402.98. The JPX-Nikkei Index 400 added 0.3 percent to 12,615.04. MSCI's broadest index of Asi...

  • In European Equity Markets stocks rose sharply on Monday, underpinned by gains among bank sector stocks, while debt collector Intrum Justitia rose to a record high after a merger deal and Siemens rose after a software acquisition. The Europe's STOXX 600 index rose 1.1 percent. Commerzbank rose 7 percent after Handelsblatt reported that the would be interested in buying smaller rival Oldenburgische Landesbank from Allianz. Swedish debt collector Intrum Justitia rose 16 percent afte...

  • In Asian Equity Markets Japanese stocks rose on Monday as a weak yen bolstered exporter stocks, with the Nikkei rising 1.7 percent to 17,672.62, the highest closing level since Feb 2. The broader Topix rose 1.6 percent to 1,400.00, while the JPX-Nikkei Index 400 also added 1.6 percent to 12,583.05. MSCI's broadest index of Asia-Pacific stocks outside Japan was off 1 percent having suffered its lowest close since mid-July on Friday. Indonesia led the los...

  • In European Equity Markets stocks fell slightly on Friday, with gains in Allianz after a strong update and a rebound in utilities more than offset by concerns over the risks involved in U.S. President-elect Donald Trump's fiscal stimulus programme. The pan-European STOXX 600 index was down 0.1 percent. Allianz rose 2.7 percent after the German insurer posted a forecast-beating rise in third quarter net income and said U.S. bond fund manager Pimco saw i...

  • In Asian Equity Markets Japan's Nikkei stood firmer on Friday, not far a nine-month high, as investors took profit after markets rose on hopes that President-elect Donald Trump's policies could boost growth. The Nikkei gained 0.2 percent to 17,374.79, after rising as much as 17,621.73 earlier, the highest level since Feb. 2. The broader Topix added 0.1 percent to 1,378.28 and the JPX-Nikkei Index 400 advanced 0.3 percent to 12,383.44. MSCI's broadest index of...

  • In European Equity Markets stocks ended slightly lower on Thursday as expectations of fiscal stimulus from U.S. President-elect Donald Trump boosted government bond yields, prompting losses among utilities which more than outweighed stronger financial stocks. The pan-European STOXX 600 ended down 0.3 percent after rising to a two-week high earlier in the session. Among financial stocks, Dutch insurer Aegon rose 13 percent, further boosted by a better-than-expected earnings u...

  • In Asian Equity Markets Japanese stocks rose on Thursday and posted their biggest gain in nine months in a turnaround just as dramatic as the previous day's plunge, as markets reassessed the economic implications of Republican Donald Trump's shock U.S. presidential election victory. The Nikkei index ended 6.7 percent higher to 17,344.42, posting the biggest daily percentage gain since mid-February. The broader Topix rose 5.8 percent to 1,376.35, with all of...

  • In European Equity Markets stocks fell on Wednesday after Republican nominee and political outsider Donald Trump won the U.S. presidential election, bringing uncertainty that roiled global markets. The STOXX Europe 600 fell 0.6 percent, having been down 2 percent in early trade. Top faller was Spanish bank BBVA, down 7.6 percent. It had been tipped by analysts to suffer if Trump won, as it has the biggest Mexican revenue exposure of all...

  • In Asian Equity Markets Japanese stocks skidded more than 3 percent to a 5-week low on Wednesday morning as financial markets were shaken by exit polls showing Republican presidential candidate Donald Trump pulling ahead of Democratic rival Hillary Clinton in a tight U.S. election battle. At the midday break, the Nikkei fell 2.2 percent at 16,788.90 after earlier tumbling as much as 3.1 percent to hit 16,646.04, the lowest level since Oct. 4. The broade...

  • In European Equity Markets stocks edged higher in cautious trading on Tuesday, with encouraging updates from some companies underpinning the broader market on a day when investors stayed focused on the election battle in the United States. The pan-European STOXX 600 index rose 0.3 percent. Credit Agricole advanced 5.6 percent after the French lender said it had completed a simplification of its structure in the third quarter that puts more capital into the listed arm of the busine...

  • In Asian Equity Markets stocks rose on Tuesday as world markets braced for the outcome of one of the most contentious U.S. presidential elections in history, with most investors cautiously optimistic of a win by Democrat Hillary Clinton. MSCI's broadest index of Asia-Pacific stocks outside Japan was up 0.4 percent. The Nikkei ended 0.03 percent lower at 17,171.38 points after flirting with positive territory briefly.  In Hong K...

  • In European Equity Markets stocks rallied on Monday, underpinned by stronger banking stocks, as news that Hillary Clinton would not face charges over her use of emails gave her bid for the White House fresh momentum just before the Nov. 8 vote. The pan-European STOXX 600 rose 1.5 percent. Banks rose 2.7 percent, helped by a 4.6-percent rise in HSBC. The emerging markets-focused bank had posted a sharp jump in its core capital, bolstering the outlook for near-term divide...

  • In Asian Equity Markets stocks bounced and the dollar strengthened on Monday after the FBI said it stood by its earlier recommendation that no criminal charges were warranted against Democrat Hillary Clinton. MSCI's broadest index of Asia-Pacific stocks outside Japan advanced 0.8 percent. Leading regional gainers were Australian stocks and Japanese stocks with gains of 1.3 percent and 1.2 percent, respectively. The broader Topix finished up 1.2 percent ...

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