European stocks head for fourth consecutive loss
Businessam Staff
May 31, 2017
European stocks dropped almost across the board on Tuesday, with banks leading the charge lower after a broker downgrade and concerns over a potential early election in Italy, MarketWatch reports. Renewed concerns that Greece may not make its next debt repayment also hit investor sentiment in Europe. The Stoxx Europe 600 index lost 0.4% to […]
Nigerian banking shares rally on recovery hopes
Businessam StaffMay 30, 2017
First Bank Holdings led a rally of Nigerian banking stocks on Tuesday, fuelled by hopes that Nigeria will emerge from recession soon, dealers said. First Bank Holdings, the parent company of Nigeria’s oldest commercial lender First Bank, rose 10.02 percent in early trade to 5.38 naira ($0.0171), a level last seen on Oct 10, 2015, […]
U.S. stock futures little changed ahead of economic data
Businessam StaffMay 30, 2017
U.S. stock index futures were little changed on Tuesday, after the three-day holiday weekend, as investors awaited economic data for clues regarding the health of the economy, Reuters reports. The S&P 500 and the Nasdaq Composite closed at record highs on Friday. The S&P 500 posted its seventh straight session of gains, matching a winning […]
Mideast stocks: Gulf bourses edge down after OPEC deal; Qatar’s Ezdan continues slide
Businessam StaffMay 28, 2017
Most Gulf stock markets edged down in early trade on Sunday after global oil producers agreed on Thursday to extend cuts in output by nine months to March 2018. Trading volumes were thin, partly because of the start of the holy month of Ramadan. Many in the markets had been hoping for stronger action by […]
African markets – Factors to watch on May 25
Businessam StaffMay 25, 2017
May 25 – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. – – – – – GLOBAL MARKETS Asian shares scaled two-year highs on Thursday while the dollar and U.S. bond yields slipped after the U.S. Federal Reserve signaled a cautious approach […]
Markets wrap: Stocks, currencies on hold as traders await federal reserve
Businessam StaffMay 24, 2017
Markets were largely in a holding pattern Wednesday, with U.S. equities little changed near record levels and the dollar edging lower as investors awaited fresh insight on the path for borrowing costs in the world’s biggest economy. The S&P 500 Index was sitting at the 2,400 mark, within points of its all-time high. European shares […]
African markets – Factors to watch on May 24
Businessam StaffMay 24, 2017
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. – – – – – GLOBAL MARKETS China’s main stock index fell one percent and the Australian dollar slipped on Wednesday after Moody’s cut its sovereign credit rating on China. WORLD OIL PRICES Oil […]
Markets Wrap: Europe stocks gain, dollar steady before Fed clues
Businessam StaffMay 24, 2017
European stocks rose and U.S. equity futures and the dollar both steadied as investors awaited fresh insights into the path for borrowing costs from the Federal Reserve. A credit-rating downgrade in China sank industrial metals and oil’s winning streak continued. The Stoxx Europe 600 Index climbed a second day, but struggled to gain momentum as […]
U.S. stock futures higher ahead Trump’s budget plan to cut spending
Businessam StaffMay 23, 2017
U.S. stock index futures were modestly higher on Tuesday, shrugging off a deadly bomb blast in Britain and ahead of U.S. President Donald Trump’s first full budget plan that is aimed at slashing government spending. U.S. futures slipped slightly on Monday evening, before recovering, on news of the suicide attack that killed at least 22 […]
Wavering risk appetite after suicide attack in Manchester weighs on sterling, Asia stocks, lifts yen
Businessam StaffMay 23, 2017
Sterling slipped on Tuesday after a suspected suicide attack killed at least 22 people and wounded 59 at a pop concert in the English city of Manchester, while the euro held gains made after German Chancellor Angela Merkel said it was “too weak”. Despite the explosion, at a concert by U.S. singer Ariana Grande, European […]