|Day's range||7,039.61 - 7,078.76|
|52-week range||6,866.90 - 7,903.50|
(Bloomberg) -- European equities advanced amid a positive start to the region’s earnings season while Spanish banks dropped after the nation’s Supreme Court ruled they must pay mortgage-documentation taxes.
With U.K. and EU officials at an impasse over the thorny issue of the Irish customs border, there is still no clarity on what will happen post-divorce. A soft Brexit with a clear outline for future economic ties remains most investors’ base scenario, once the day arrives. The EU is now aiming for a December summit to complete an agreement, though an earlier meeting is still possible, a government official told Bloomberg News.
Dividend futures on the FTSE 100 have outperformed Britain’s equity benchmarks and bonds, as well as similar derivatives from major developed markets this year. Forecasts for distributions to shareholders over the coming year are at the highest since 2005, according to data compiled by Bloomberg. Unlike cash equities, dividend futures have the benefit of delivery by a fixed date.
Telecoms outperformed, with Deutsche Telekom AG up 2.3 percent and BT Group Plc up 2.1 percent. Last week’s sell-off across the globe sank European equities as investors rotated out of equities amid rising bond yields following the U.S. Federal Reserve’s latest rate hike and amid the brewing U.S.-China trade conflict. The market pull-back has prompted some investors to shift toward value sectors, such as telecoms.
SINGAPORE (AP) — Asian stocks were mixed on Friday as better-than-expected Chinese trade data gave some markets a breather from worries about the impact of punitive tariffs.
The FTSE is down less than 6 percent in the same period. Prior to this month, LSE Group had been one of the FTSE’s best performers in 2018. LSE’s LCH unit is the biggest clearing house in the world for interest rate swaps, a type of derivative that helps companies hedge interest rate risk.
Asian markets were broadly lower on Thursday after Wall Street slumped on a heavy selling of technology and internet stocks. Markets in Hong Kong, South Korea, Australia and Southeast Asia recorded similar declines. Investors are wary of possible further U.S. interest rate hikes.
TOKYO (AP) — Asian shares were mixed in muted trading Wednesday amid continuing worries about trade tensions and slowing global economic growth.
NEW YORK (AP) — In a story Oct. 5 about the financial markets, The Associated Press misidentified Katie Nixon of Northern Trust Wealth Management. She is chief investment officer, not chief investment strategist.
SINGAPORE (AP) — Asian markets are mixed after the IMF downgraded its economic outlook, citing rising interest rates and mounting tensions over trade.
For the Dollar, economic data through the week includes September wholesale inflation numbers on Wednesday, September consumer inflation and the weekly jobless claims numbers on Thursday, with September import and export prices and prelim October consumer sentiment numbers due out on Friday. Outside the stats, FOMC member chatter and trade will be in focus, with the mid-terms also likely to begin garnering some attention. For the EUR, it’s also a relatively quiet week, with German industrial production and trade figures due out on Monday and Tuesday, finalized September Eurozone member state inflation numbers due out on Thursday and Friday and the Eurozone’s industrial production numbers due out on Friday, focus being on Germany’s industrial production and trade data in the early part of the week.
Yahoo Finance’s Alexis Christoforous, Rick Newman, Ethan Wolff-Mann, Myles Udland, Sibile Marcellus, Zack Guzman, Jared Blikre, Melody Hahm, Brian Sozzi and Alanna Petroff discuss today’s top stories.
Bravery requires strong leadership, which after this fiasco looks like it is lacking at Unilever. Unilever’s decision to abandon its plan to shift its headquarters to Rotterdam may well be applauded by the phalanx of mainly UK-based investors.
After this week’s sudden sell-off on global sovereign debt markets, Friday’s looming US jobs report could provide the climatic scenes. The yield on 10-year US Treasuries was sent to its highest level in seven years this week as investors sold the debt. The prospect of upward inflationary pressure in a strengthening US economy followed strong private sector employment numbers and data from the services sector.
Rentokil Initial found favour on Friday as risk aversion led the FTSE 100 to its biggest weekly fall since March. “At a time of heightened geopolitical and economic uncertainty, the resilience of the pest ...
BANGKOK (AP) — Shares fell Thursday in Asia despite a strong day on Wall Street that was spurred by encouraging signs on U.S. hiring and growth in the service sector.
Global stocks trade mostly higher on Wednesday morning on reports that Italy will reduce its budget deficit. The Fed chairman, Jerome Powell said on Tuesday that he sees ‘remarkably positive outlook’ for the economy.
Asian markets are mostly lower on jitters over the simmering U.S. trade dispute with China. KEEPING SCORE: Japan's benchmark Nikkei 225 fell 0.8 percent to 24,088.63. Hong Kong's Hang Seng fell 0.4 percent ...