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Tag Archives: Global Markets

Global stocks rebound as Britain’s vote campaign put on hold

LONDON (AP) — Global stocks and the pound rose Friday after gains on Wall Street and as Britain’s frenzied debate on whether to leave the European Union was put on hold for a second day following the killing of a member of parliament. KEEPING SCORE: Germany’s DAX rose 1.4 percent to 9,682 and France’s CAC 40 added 1.4 percent to ...

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US stock indexes are edging lower in early trading

US stock indexes are edging lower in early trading

NEW YORK (AP) — Stock indexes were edging lower in early trading Monday as investors worked through several company announcements. Global markets were modestly higher. KEEPING SCORE: The Dow Jones industrial average slipped 48 points, or 0.3 percent, to 17,748 as of 10:55 a.m. Eastern. The Standard & Poor’s 500 index was down five points, or 0.3 percent, to 2,066 ...

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US stocks back to flat as oil price retreats

Specialist Neil Gallagher, left, and trader Thomas Lee work on the floor of the New York Stock Exchange, Friday, Feb. 26, 2016. U.S. stocks opened higher and remained on track for a second straight weekly gain on encouraging economic news in the U.S. and word from China that the country won't devalue its currency to make its exports more competitive. (AP Photo/Richard Drew)

NEW YORK (AP) — U.S. stocks were clinging to very modest gains in midday trading as the price of oil, which had pushed stocks higher early in the day, fell back. The market remained on track Friday for a second straight weekly gain, however. Oil prices surged early in the day but retreated to much more modest gains by midday. ...

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Stocks fall on China worries; oil loses ground

NEW YORK – World equity indexes dropped on Monday as disappointing trade data in world No. 2 economy China stoked concerns over weakening global growth, while oil prices slipped. All three major U.S. stock indexes were down more than 1 percent, while European shares closed 1.1 percent lower. Fresh builds at the delivery point for U.S. crude futures also dragged ...

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Earnings weigh on shares, oil rises on Iran ship seizure

NEW YORK – Disappointing corporate earnings handed European shares their biggest daily decline in over a week on Tuesday and left U.S. stocks little changed, while Iran’s seizure of a cargo ship in the Persian Gulf lifted oil prices. In U.S. markets, shares of handbag and accessories maker Coach slumped 6.1 percent while Ford Motor slipped 1 percent after results ...

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Cheaper fuel to boost container shipping: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Lower oil prices are sharply reducing the cost of shipping merchandise from Asia to the United States and Europe as the cost of bunker fuel tumbles. Container shipping companies deal with the volatility in fuel prices by adding a separate bunker adjustment factor or fuel ...

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Russia, reeling from cheap oil, talks up OPEC ties

OPEC

MOSCOW – Russia has been holding active, “unprecedented” consultations with the Organization of Petroleum Exporting Countries, a senior official said on Wednesday, a clear signal of Moscow’s strive for higher oil prices. Russia has stepped up contacts with OPEC after oil prices plunged last year, however it has dismissed any suggestion it might cut output to prop up prices, saying ...

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Kenya cuts maximum retail prices of fuel

Kenya Flag

NAIROBI, Dec 14 (Reuters) – Kenya’s Energy Regulatory Commission cut the maximum retail prices of petroleum products on Sunday saying the cost of importing refined products had fallen. Since 2010, every month the east African nation has set a cap on prices of petrol, diesel and kerosene, to protect consumers from unfairly high prices. But the system has angered consumers ...

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Russian assets rally, shrugging off Western sanctions

Alexander Winning and Lidia Kelly | Reuters MOSCOW – Russian assets rallied on Wednesday, shrugging off a new round of Western economic sanctions on Moscow as investors deemed the punitive measures less severe than first feared and analysts said their impact was already priced in. Brussels and Washington ratcheted up sanctions on Tuesday, targeting Russia’s energy, banking and defence sectors over ...

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Saudi Arabia to open $530 billion bourse to foreigners in early 2015

Angus McDowall and Andrew Torchia | Reuters RIYADH/DUBAI (Reuters) – Saudi Arabia plans to open its stock market, the Arab world’s biggest, to direct investment by foreign financial institutions in the first half of next year, the market regulator said on Tuesday. The opening of the Saudi market, capitalized at about $530 billion, is one of the most keenly awaited ...

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