African markets – Factors to watch on May 25

Businessam StaffMay 25, 2017

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

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 […]

Robo-advisers battle Wall Street for rich investors

Businessam StaffMay 24, 2017

Citigroup Inc. doesn’t think its richer customers will drop their high-priced money managers in favor of automated investing, but Betterment LLC is betting it can prove the big bank wrong. The robo-adviser—the largest among independent digital advice startups that popped up after the 2008 financial collapse—has overhauled its entire brand. The shift in marketing and […]

U.S. home prices rose 6% in 1st qtr as supply tightened

Businessam StaffMay 24, 2017

Home prices in the U.S. increased 6 percent in the first quarter from a year earlier as competition heated up for a scarcity of listings. Prices rose 1.4 percent on a seasonally adjusted basis from the previous three months, the Federal Housing Finance Agency said in a statement Wednesday. In March, prices climbed 0.6 percent […]

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 […]

Hong Kong car park sells for record $3 bln (Video)

Businessam StaffMay 23, 2017

A prized commercial property site in Hong Kong, currently being used as a public car park, has been sold to Henderson Land Development for a record HK$23.3 billion ($3 billion). As Sonia Legg reports, it outbid eight other developers including local giants Cheung Kong Property Holdings and Sun Hung Kai Properties to take ownership of […]

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 […]