U.S. stock futures little changed ahead of economic data
Businessam Staff
May 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 […]
Wall St higher as oil, defense stocks gain
Businessam StaffMay 22, 2017
Wall Street gained in early trading on Monday, helped by higher oil prices and as defense stocks rose after a $110 billion arms deal between the United States and Saudi Arabia. Oil prices were up about 0.6 percent, bolstered by confidence that top exporters will this week agree to extend supply curbs, with suggestions that […]
U.S. stocks slump, bonds rally amid Trump turmoil: Markets wrap
Businessam StaffMay 17, 2017
Risk off sentiment grips markets with Washington on edge Stocks fall as volatility indexes, bonds gain; oil rises Assessing President Trump’s Fallout on the Markets The turmoil engulfing President Donald Trump’s administration spilled into financial markets as U.S. stocks fell the most since March, measures of volatility spiked higher and Treasuries rallied with gold. The […]