Material and financial stocks buoy Australia shares; NZ higher

By Susan Mathew Undated, Oct 6 : Australian shares rallied on Friday, boosted by financial and material stocks and are on track to end the week on a positive note, tracking a strong handover from Wall Street where the S&P 500 hit fresh highs. The S&P/ASX 200 index rose 37.034 points, or 0.7 percent, to […]

Housebuilders help Britain’s FTSE spring into October

By Kit Rees LONDON, Oct 2 : The UK’s top share index touched a fresh three-week peak on Monday as homebuilders rallied thanks to an extension of a government housing scheme while airlines and miners also gained. The blue chip FTSE 100 index was up 0.4 percent at 7,404.26 points by 0853 GMT, slightly outperforming […]

Spanish banks sink on Catalan vote, European shares gain

By Helen Reid LONDON, Oct 2 : Spanish stocks sank on Monday after a violent referendum in Catalonia, underperforming the wider European market as political uncertainty dented bank shares. The pan-European STOXX 600 began the fourth quarter with a 0.2 percent gain, boosted by strong travel stocks and a mining sector supported by higher metals […]

Decline as Trump tax plan hits sentiment

By Aaron Saldanha Sept 28 : – Southeast Asian stock markets, except Vietnam, slipped on Thursday, in line with regional currencies and equities that lost their appeal after U.S. President Donald Trump’s proposal for a tax overhaul lifted the dollar and bond yields. Trump proposed on Wednesday the biggest tax reform in three decades, a […]

U.S. rate hike bets lift dollar, bond yields; stocks gain

By Lewis Krauskopf NEW YORK, Sept 27 : The dollar on Wednesday climbed to a one-month high against a basket of currencies, while financial stocks and Treasury yields rose after strong economic data helped boost expectations for a U.S. Federal Reserve interest rate hike in December. U.S. small-cap stocks rallied on the expectation of lower […]