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US markets barrel to fresh records

Agence France-PresseMay 10, 2013 16:21
US stocks continued their upward climb Wednesday, riding positive economic data from Germany and China to new records. The Dow Jones Industrial Average jumped 48.92 (0.32 percent) to 15,105.12. The broad-based S&P 500 rose 6.73 (0.41 percent) to 1,632.69, its fifth consecutive record. The tech-rich Nasdaq Composite Index added 16.64 (0.49 percent) to 3,413.27. The gains came on a quiet day for US economic and business news. However, investors were heartened by positive German industrial production data and higher Chinese exports.

US stocks mixed after record-setting surge

Agence France-PresseMay 8, 2013 14:18
US stocks were mixed in early trade Wednesday, one day after the Dow closed above 15,000 points for the first time to cap a two-week climb. About 35 minutes into trade, the Dow Jones Industrial Average were down 13.92 points (0.09 percent) to 15,042.28. The broad-based S&P 500 rose 0.79 (0.05 percent) to 1,626.75, while the tech-rich Nasdaq Composite Index added 5.35 (0.16 percent) to 3,401.97. The US markets took a breather even as Germany reported a jump in industrial production, China posted a trade surplus and The Walt Disney Co. topped earnings estimates.

European stocks lack direction with London closed

Agence France-PresseMay 6, 2013 07:45
European markets marked a pause on Monday with London closed for a holiday and after US jobs data and central banks decisions sparked a huge rally last week. In early afternoon trading, Frankfurt's DAX 30 nudged 0.03-percent higher to 8,124.53 points, while in Paris the CAC 40 lost 0.29 percent to 3,901.74 points. "After the week of the central banks, investors will be able to take a breather," economists from brokerage Aurel BGC in Paris said in a note. "Investors should remain on the impression left last week by the two central banks," they said.

US stocks rise on upbeat data, Apple bond sale

Agence France-PresseApril 30, 2013 17:02
US stocks rose Tuesday amid solid data on housing and consumer confidence and as reports of a $17 billion Apple bond sale cheered investors. The Dow Jones Industrial Average rose 21.05 (0.14 percent) to 14,839.80 The broad-based S&P 500 picked up 3.96 (0.25 percent) at 1,597.57, a new all-time closing high. The tech-rich Nasdaq Composite Index added 21.77 (0.66 percent) at 3,328.79.

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Agence France-PresseApril 29, 2013 17:30
The S&P 500 closed at a fresh record high Monday amid renewed confidence in the eurozone after the formation of the Italian government. The broad-market S&P 500 stood at 1,593.61, up 11.37 (0.72 percent) and a hair above its previous all-time record of 1,593.37 on April 11. The Dow Jones Industrial Average gained 106.20 (0.72 percent) at 14,818.75. The tech-rich Nasdaq Composite Index added 27.76 (0.85 percent) at 3,307.02.

Spain short-term borrowing costs drop in bill auction

Agence France-PresseApril 23, 2013 07:16
Spain's borrowing costs eased Tuesday as the Treasury raised 3.01 billion euros ($3.93) in an auction of three and nine month bills, reflecting easing investor concerns over the ability of the recession-hit to repay debt. The Treasury sold 855 million euros' worth of three-month bills with an average yield of 0.12 percent, down from 0.285 percent from the last similar auction held on March 19. It raised another 2.156 billion euros through the sale of nine-month bills at an average yield of 0.787 percent, down from 1.007 percent in the last similar auction on March 19.

Super-rich close gap between bonds and Bond Street

April 21, 2013 05:15
By Tom Bill LONDON (Reuters) - Insatiable demand among the global super-rich for swanky retail property in Europe has driven rental returns on the best shopping streets so low they are not much higher than the safest government bonds. As the wealthy shield cash from the hazards of the financial crisis in the world's most upmarket real estate, it has widened the gulf between the best and worst retail streets, a chasm already yawning under the influence of sluggish spending by the less well heeled and an exodus of shoppers online.

Analysis - Japan shock therapy risks disturbing emerging markets

April 19, 2013 17:30
By Steven C. Johnson and Daniel Bases NEW YORK (Reuters) - A steady flow of cash into emerging markets could become a flood as the Bank of Japan's huge stimulus program may prompt the nation's investors to chase higher returns - but for some developing countries that could be too much of a good thing.

Stocks open lower on weak earnings reports

April 17, 2013 10:46
US stocks moved lower Wednesday after earnings reports from Bank of America, Intel and Yahoo! disappointed investors. About 45 minutes into trade, the Dow Jones Industrial Average sank 122.57 (0.83 percent) to 14,634.21. The broad-based S&P 500 dipped 16.57 (1.05 percent) to 1,558.00, while the tech-rich Nasdaq Composite Index gave up 41.66 (1.28 percent) to 3,222.97. "The US equity markets are moving lower in early action, as traders digest lackluster domestic earnings reports," Charles Schwab & Co. said in an investor note.
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