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Posts tagged "markets"

Turkey attempts to calm markets as lira hit again

Turkey’s central bank on Monday sought to calm markets rattled by the precipitous plunge of the Turkish lira as President Recep Tayyip Erdogan chastised the US for seeking to stab Ankara “in the back.” A dispute between NATO allies Turkey and the United States — which reached new intensity over the detention of an American…

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August 13, 2018


Asian stocks continue positive zone on week last day

Asian markets built on the past week’s gains Friday following another rally on Wall Street as traders welcomed a below-forecast US inflation read that dampened expectations for a sharp lift in interest rates. While geopolitical tensions continue to linger after Donald Trump pulled out of the Iran nuclear pact this week, dealers were buoyed by…

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May 11, 2018


US stocks end flat after Trump exits Iran deal

Wall Street stocks finished essentially flat Tuesday as investors tried to assess the potential fallout from President Donald Trump’s decision to pull the US out of the Iran nuclear accord. The Dow Jones Industrial Average ended the session 24,360.21, just a hair above Monday’s close. The broad-based S&P 500 slipped less than 0.1 percent to…

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May 9, 2018


Oil prices dip in Asian markets ahead of Trump decision on Iran nuclear deal

Oil prices slipped in Asia on Tuesday morning from three-and-a-half-year highs as investors cautiously await Donald Trump’s Iran nuclear decision later in the day. The US president announced in a tweet that he would make an announcement at 1800 GMT on whether or not to tear up the agreement with Tehran and reimpose painful sanctions…

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May 8, 2018


Dollar strengthens as Asian markets recover

HONG KONG: The dollar extended gains against its main peers and most other currencies Tuesday as rising US bond yields fan speculation of a sharp rise in interest rates, while most of Asia’s major markets edged up after recent losses. While the corporate earnings season is maintaining traders’ attention, the release on Friday of US…

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April 24, 2018


Most Asia markets close in bearish zone

HONG KONG: Asian markets mostly fell Monday with technology firms extending last week’s sharp losses, following another plunge in Apple as investors fret over the once-lucrative smartphone sector. News Saturday that North Korean leader Kim Jong Un had called a halt to nuclear tests and intercontinental missile launches — ahead of a planned summit with…

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April 23, 2018


Tokyo stocks end flat as attention shifts to earnings

TOKYO: Tokyo stocks closed flat in sluggish trading on Friday after drops on Wall Street, as investors waited for earnings reports by major companies starting next week. Snapping a five-day winning streak, the benchmark Nikkei 225 index slipped 0.13 percent or 28.94 points to 22,162.24. Over the week, it rose 1.76 percent. The broader Topix…

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April 20, 2018


US, European stocks fall on trade war worries

New York: US and European stocks fell Tuesday on growing worries about a trade war as President Donald Trump replaced his secretary of state and was reportedly planning new tariffs on China. US stocks opened higher after benign US inflation data reassured investors the Federal Reserve was not likely to accelerate interest rate hikes this…

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March 14, 2018


Asian markets open week into positive zone

HONG GONG: Asian markets picked up Monday where they left off last week, with gains across the board as investors tracked a healthy lead from Wall Street. The advances helped take another bite out of the big losses suffered at the start of February, sparked by concerns at the impact of rising inflation that could…

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February 26, 2018


Stock markets in Asia open in positive zone

HONG KONG: Asian markets mostly rose on Monday as buyers cautiously returned after last week’s global rout, with confidence boosted by a rally on Wall Street but analysts warning of further volatility. After a stellar 2017 and a January that saw record and multi-year highs around the world, traders are scurrying to the hills this…

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February 12, 2018


US stocks fall 4% as sell-off deepens

NEW YORK: Wall Street tumbled back into sell-off mode Thursday, with the Dow plunging more than 1,000 points as worries over interest rate hikes continued to drag the market down. The Dow Jones Industrial Average plummeted 4.2 percent to 23,860.46. The broad-based S&P 500 sank 3.8 percent to 2,581.00, while the tech-rich Nasdaq Composite Index…

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February 9, 2018


Tokyo stocks open higher after volatile trade

TOKYO: Tokyo stocks opened higher on Thursday, after US stocks finished lower amid nagging questions about two days of wild price swings. The benchmark Nikkei index, which fell nearly five percent on Tuesday before rebounding 0.16 percent on Wednesday, edged up 0.38 percent, or 81.24 points, to 21,726.61 in early trade. The broader Topix index…

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February 8, 2018


Global stocks mostly fall as oil-linked shares retreat

NEW YORK: World stocks mostly fell Monday on weakness in petroleum-linked equities and as a strong euro weighed on European bourses. Equity markets in London, Paris, Frankfurt and Tokyo all fell, while the S&P 500 and Nasdaq retreated from records in the US. Eurozone stocks fell, as the euro, though pulling back a bit from…

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November 28, 2017


Dollar struggles, Asia markets buoyed as US rate prospects recede

HONG KONG: The dollar eased again Thursday and major Asian markets gained after the Federal Reserve gave a tepid inflation outlook, fuelling speculation it will hold off on further US rate hikes this year. Regional traders tracked fresh Wall Street records on optimism about corporate earnings as a host of big names disclosed results Tokyo,…

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July 27, 2017


Pound struggles to rebound in after shock British vote

HONG KONG: The pound struggled on Monday to recover from last week’s sharp losses that came in the wake of a shock British election result that has thrown the country into uncertainty. Sterling took a beating on Friday after Prime Minister Theresa May’s ruling Conservative Party lost their Westminster majority, days before it holds crunch…

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June 12, 2017


Sharp increase in vegetable prices across Pakistan

ISLAMABAD: An overall increase in the prices of vegetables was seen across the country, Samaa reported on Sunday. The prices of tomatoes has reached Rs. 130 per kilogram after an increase of Rs. 30 whereas the per kilo cost of green chilies went up to Rs. 120 per kilogram following a hike of Rs. 80….

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March 26, 2017


Most Asia markets up but dollar hit by uncertainty

HONG KONG: Most Asian markets rose Tuesday following the previous day’s retreat, but the dollar was hit by fresh uncertainty over Donald Trump’s economic policy and contradictory views on future rate hikes by two top Federal Reserve officials. Global stocks started the week with a wobble after G20 finance chiefs failed to renew a longstanding…

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March 21, 2017


PSL security: Markets, hotels around Qaddafi Stadium closed

Amid heavy police deployment, authorities have decided that markets and hotels around Qaddafi Stadium will be closed as part of security measures for Pakistan Super League (PSL) final in Lahore. The much-awaited mega event of the cricket tournament has been scheduled for March 5. Watch this report…

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February 28, 2017


Tokyo stocks up at break after US-Japan summit

TOKYO: Tokyo stocks rose Monday morning with sentiment lifted by upbeat talks over the weekend between US President Donald Trump and Japanese Prime Minister Shinzo Abe. The new US leader dropped previous harsh rhetoric towards Tokyo over trade and currency issues, and reiterated America’s commitment to Japan’s security after North Korea launched a ballistic missile….

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February 13, 2017


Tokyo stocks jump by break after Trump tax cut promise

TOKYO: Japanese stocks rose sharply Friday morning, tracking record closes on Wall Street after US President Donald Trump promised details soon about a “phenomenal” tax-cut plan aimed at boosting the world’s top economy. US and European equities rallied with the dollar Thursday after Trump said at a meeting with airline executives that he would unveil…

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February 10, 2017


Asia markets track global losses as Trump woes weigh

HONG KONG: Asian markets mostly tumbled Tuesday, with concerns about European elections and Donald Trump’s unpredictable presidency fuelling uncertainty. With investor nerves shredded by a succession of outbursts from the new US president, safe-haven assets are on the rise, with the yen surging to three-month highs against the dollar and gold pushing higher. The weakness…

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February 7, 2017

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