Wall Street flat as oil offsets gains in tech, healthcare

U.S. stocks were little changed on Wednesday, with the three major indexes on track to end the month higher, as gains in healthcare and technology were outweighed by a drop in energy shares due to a steep fall in oil prices, Reuters reports. The S&P 500 and the Nasdaq Composite looked set to post their […]

UK: FTSE 100 climbs as pound slides on election jitters

UK stocks advanced on Wednesday, boosted by a slump in the pound after a new polling estimate showed Theresa May’s Conservative Party may lose its majority in the general election next week, MarketWatch reports. The FTSE 100 index added 0.2% to 7,542.94, partly recovering from its 0.3% loss on Tuesday. The index was closed Monday […]

European stocks head for fourth consecutive loss

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

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

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 […]

African markets – Factors to watch on May 25

NSE

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

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

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

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 […]