Category: Financial Markets

Indian shares end slightly higher; IT stocks fall

Jan 16 Indian shares ended marginally higher on Monday as gains in financials on positive corporate results offset losses in IT stocks that were down on weak sentiment after software services exporter Infosys Ltd cut its revenue outlook. The broader NSE index closed 0.15 percent higher at 8412.80 while the benchmark BSE index ended 0.18 percent firmer at 27,288.17.

The Mexican Peso Is On The Verge Of A Panic

For Mexicans, Trump has been a nightmare waiting to happen and the weakness in the Mexican Peso is reflecting that. But the slide might just be beginning and another 20% to 40% drop isn’t out of the cards if Trump goes through with his plans of renegotiating NAFTA.

Canada Stocks-TSX rises on resource gains, nearing all-time high

TORONTO, Jan 5 Canada’s main stock index on Thursday extended a rally that brought it near to an all-time high, as resource stocks rose with higher commodity prices and financial shares pushed higher. The most influential movers on the index included two of the world’s largest gold producers, with Barrick Gold jumping 5 percent to C$22.90 and Goldcorp Inc up 3.3 percent to C$19.63 as gold prices touched their highest in four weeks.

Global Markets-Asian shares advance, dollar supported by March rate hike bets

Asian shares rose on Thursday as investors were encouraged by President Donald Trump’s measured tone in his first speech to Congress, which sent Wall Street stocks sharply higher, while growing bets on a U.S. rate hike this month buoyed the dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.2 percent, led by rebound in Australian shares .

Asia stocks see subdued start to 2017, dollar resumes climb

Investors look at computer screens showing stock information at a brokerage house in Shanghai, China, April 21, 2016. REUTERS/Aly Song Asian stocks began 2017 on a flat note on Tuesday, uninspired by a surge in European markets to their highest in more than a year, while the dollar resumed its climb after last week’s stumble.

US stocks notched big gains in 2016 despite an early stumble

In a year with no shortage of surprises and stomach-churning turns in the market, stock investors can feel pretty good about 2016. Wall Street repeatedly bounced back from steep slumps, including the worst start to any year for stocks, the second correction for the market in five months and investor fears of a global slowdown.

Stock markets cap off strong year on a soft note, as oil and gold prices retract

Major equity markets in Toronto and New York capped off a strong performing year Thursday with a whimper, much like how it began 2016, as most commodities softened. The S&P/TSX composite index, which had been flat at the start of the session, lost 134.53 points at 15,287.59 by day’s end – weighed down by a broad decline in nearly all sectors with the biggest losses coming from gold, materials and metals stocks.

Oil has more room to run

Crude oil has risen nearly 15% since the Organization of the Petroleum Exporting Countries agreed to cut oil output. We believe that the deal has put a floor under oil prices, and that this will help bolster prices of related assets.

U.S. charges Chinese citizens with hacking, insider trading

Prosecutors said the men made over $4-million by placing trades in at least five company stocks based on inside information from unnamed law firms, including about deals involving Intel Corp. and Pitney Bowes Inc. Prosecutors said the men made over $4-million by placing trades in at least five company stocks based on inside information from unnamed law firms, including about deals involving Intel Corp. and Pitney Bowes Inc. Three Chinese citizens have been criminally charged in the United States with trading on confidential corporate information obtained by hacking into networks and servers of law firms working on mergers, U.S. prosecutors said on Tuesday.

Asia stocks mixed in muted session, dollar recovers some losses

Asian stocks were mixed on Tuesday, in thin trade and with little to guide them as most major markets were closed on Monday for Christmas holidays, while the dollar reclaimed its losses from Monday. MSCI’s broadest index of Asia-Pacific shares outside Japan was flat, with Australia and New Zealand closed for a holiday in lieu of Christmas.

Taiwan stocks fall tracking overseas markets

TAIPEI, Dec 22 Taiwan stocks fell on Thursday tracking losses in overseas markets and ahead of the island’s last rate review for the year in which the central bank is expected to keep the key policy rate unchanged, but would provide its outlook for 2017. The main TAIEX index fell 0.6 percent to 9,152.88 points as of 0226 GMT, after closing down 0.4 percent in the previous session.

BRIEF-Long Bon International repurchases 5.5 pct stake shares

SAN FRANCISCO, Dec 21 Uber Technologies Inc has removed its self-driving cars from San Francisco streets, halting the autonomous program one week after its launch as the company faced a regulatory crackdown. TAIPEI, Dec 22 Taiwan stocks fell on Thursday tracking losses in overseas markets and ahead of the island’s last rate review for the year in which the central bank is expected to keep the key policy rate unchanged, but would provide its outlook for 2017.

Can Stellar ETF Gains Continue In 2017?

Many ETF investors want to know if the long bull market will persist in the new year. The phrase “shock and awe” may very well describe the feelings of many ETF investors when they take stock of their portfolios as a tumultuous and challenging year winds down.