world stocks


Euro hits three-year high as Europe leads global optimism

LONDON, Jan 16 — The euro shot to a three-year high yesterday as optimism around growth buoyed expectations of tighter monetary policy from European Central Bank, while the chance of a pro-European Union coalition in Germany also boosted…

Treasury yields hit 10-month high; world stocks extend 2018 rally

NEW YORK, Jan 10 — Benchmark US Treasury yields hit a 10-month high yesterday after the Bank of Japan tweaked its bond-buying program, while stocks in world indexes continued their flying start to the year. US oil touched its highest since…

World stocks rally starts slowing

LONDON, Jan 8 — A global 2018 stock market rally showed signs of losing momentum today as New York and London stocks stalled, but Asia and eurozone markets powered on. Asian equities mostly advanced following yet more records on Wall Street,…

World stocks up; US Treasury yields rise despite jobs report (VIDEO)

NEW YORK, Jan 6 — World stocks continued their strong start to 2018, with both the S&P and Nasdaq posting their best weekly gains in more than a year, while US Treasury yields rose despite a weaker-than-expected US jobs report. MSCI’s gauge…

Dow breaks above 25,000 for first time

NEW YORK, Jan 4 — The Dow Jones Industrial Average sailed past the 25,000-mark for the first time today, while other major indexes rose to new highs after a strong private jobs report added to a bullish sentiment from indications of robust…

Wall Street higher as tech stocks advance

NEW YORK, Dec 28 — Wall Street’s main indexes rose in thin holiday trading today, helped by gains in technology stocks. Apple was the biggest driver of the three indexes, with the high-flying FANG stocks — Facebook, Amazon, Netflix and…

World stocks climb on US data, tax plan optimism

NEW YORK, Dec 22 — Leading global stock markets climbed yesterday, fuelled by a boost in bank and energy shares coupled with overall investor optimism after the recent passage of a US$1.5 trillion (RM6.1 trillion) tax cut plan in Washington….

Amundi sees ‘bumpy’ 2018 as Fed walks thin ice

LONDON, Nov 17 — Record high world stocks could have a “bumpy” ride in 2018 as the US Federal Reserve is “walking on thin ice” in pushing interest rates up any further, the chief investment officer of Europe’s biggest asset manager said…

Malaysia, Turkey good value in world stocks rally with two more years to go, says Terra Nova

NEW YORK, Nov 16 — Is there an end in sight to the surge in emerging market equities that’s pushed their performance ahead of developed markets? Terra Nova Capital Advisors Ltd says this year’s 29 per cent advance that’s sent the MSCI…

World stocks slip as tax jitters sap confidence

NEW YORK: Global stock markets retreated Friday, extending the previous session's losses, as uncertainty over US President Donald Trump's much-vaunted tax cuts and lackluster corporate earnings took their toll on investor confidence.

At the close of the trading day in New York, the Dow Jones Industrial Average snapped an eight-week winning streak, closing 0.2% lower, while the broad S&P 500 and tech-dominated Nasdaq were essentially flat.

Senate Republicans on Thursday released a tax plan that would put off promised steep corporate tax cuts for a year, and there was little in the way of US economic data to move markets in any direction as the quarterly earnings season winds down.

The Dow and Nasdaq have soared about 30% since Trump's 2016 election victory on hopes of slashed taxes and regulation. But Phil Davis of PSW investments told AFP the prospect of delayed tax cuts had taken much of the wind out of Wall Street's sails.

“A lot of the rally is priced on the full expectations of these companies to pay less taxes and earn more money,” he said. “If the tax cut is delayed until next year I would expect a five percent correction.”

In London the benchmark FTSE 100 index fell 0.7% on the day.

A stronger pound tends to weigh on the share price of exporters, and “a fall in the (UK) trade deficit and improvement in manufacturing and industrial production has helped to lift the pound,” noted Chris Beauchamp, chief market analyst at IG trading group.

In the eurozone, Frankfurt's DAX 30 lost 0.4% and the Paris CAC 40 shed 0.5%, extending sharp declines Thursday of up to 1.5%.

In commodities trading, oil prices were up amid growing tensions in the Middle East, after Saudi Arabia accused Iran of “direct military aggression” over a missile attack near Riyadh by Tehran-backed Yemeni rebels.

Key figures around 2200 GMT

New York – DOW: DOWN 0.2% at 23,422.21 (close)

New York – S&P 500: FLAT at 2,582.3 (close)

New York – Nasdaq: FLAT at 6,750.94 (close)

London – FTSE 100: DOWN 0.7% at 7,43.99 points (close)

Frankfurt – DAX 30: DOWN 0.4% at 13,127.47 (close)

Paris – CAC 40: DOWN 0.5% at 5,380.72 (close)

EURO STOXX 50: DOWN 0.5% at 3,593.76 (close)

Tokyo – Nikkei 225: DOWN 0.8% at 22,681.42 (close)

Hong Kong – Hang Seng: DOWN 0.1% at 29,120.92 (close)

Shanghai – Composite: UP 0.1% at 3,432.67 (close)

Euro/dollar: UP at $1.1667 from $1.1642

Pound/dollar: UP at $1.3190 from $1.3145

Dollar/yen: UP at 113.50 yen from 113.42 yen

Oil – Brent North Sea: DOWN 26 cents at $63.52 per barrel

Oil – West Texas Intermediate: DOWN 43 cents at $56.74