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Asia shares mixed despite stronger Japanese growth

Agence France-PresseMay 16, 2013 00:15
Asian shares were mixed on Thursday despite another record US stocks close and fresh data that showed Japan's economy grew faster than expected in the quarter to March. The dollar was little changed against the yen after investors adjusted positions on the greenback's recent surge, while the euro was weak on gloomy European growth data. Tokyo fell 0.39 percent, or 58.79 points, to 15,037.24, Sydney dropped 0.50 percent, or 26 points, to 5,165.7, while Seoul rose 0.79 percent, or 15.55 points, to 1,986.81.

Tokyo stocks down 1.08% by break

Agence France-PresseMay 15, 2013 20:46
Tokyo stocks lost early gains to close Thursday morning's session down 1.08 percent, despite US shares hitting all-time highs and fresh data that showed Japan's economy grew between January and March. The benchmark Nikkei 225 index, which closed at its highest level in more than five years on Wednesday, was down 163.08 points to 14,932.95, while the Topix index of all first-section shares declined 1.45 percent, or 18.19 points, at 1,234.66.

US stock prices turn higher in midday trading on Wall Street; Macy's up after earnings rise

The Canadian PressMay 15, 2013 19:30
NEW YORK, N.Y. - Stock prices are shaking off a morning slump and turning higher in midday trading on Wall Street. Macy's rose 2 per cent, or 97 cents, to $48.36 after reporting a 20 per cent profit increase, despite cool temperatures. The market got off to a weak start after the Federal Reserve reported that manufacturing slowed last month. The Dow Jones industrial average was up 45 points at 15,260 as of noon Eastern Daylight Time Wednesday, a gain of 0.3 per cent. It was down 40 points in the morning. The Standard

Dow, S&P close at record highs, building on momentum of recent gains calendar

The Canadian PressMay 14, 2013 10:45
TORONTO - North American markets closed higher Tuesday, building on the momentum of recent record highs as investors bet that the upward trend has not yet run its course. The S Both the Dow Jones industrial index and S "Markets, globally, in general are on the rise," said Gareth Watson, vice-president of the investment management group at Richardson GMP Ltd.

Asian stock markets mostly up on the heels of improving small business sentiment in the US

The Canadian PressMay 14, 2013 06:00
BANGKOK - Enthusiasm on Wall Street sparked by another positive report on the U.S. economy helped push most Asian stock markets higher Wednesday. The National Federation of Independent Business reported a slight improvement in confidence among small business owners in the U.S. in April. That helped boost the Dow Jones industrial average to close at a record high Tuesday. "A combination of further improvement of economic performance and low inflation in the US should keep risk appetite buoyant," said analysts at Credit Agricole CIB in Hong Kong in an email commentary.

Dow, S

Agence France-PresseMay 13, 2013 16:29
US stocks overcame a choppy day of trading Friday and closed at fresh all-time highs as Group of Seven finance chiefs met in Britain to discuss economic challenges. The Dow Jones Industrial Average rose 35.87 (0.24 percent) to 15,118.49, a new all-time closing high. The broad-based S&P 500, also reaching a fresh record peak, added 7.03 (0.43 percent) at 1,633.70, while the tech-rich Nasdaq Composite Index increased 27.41 (0.80 percent) to 3,436.58.

TSX, NY markets fall amid disappointing data from China, weak US retail spending

The Canadian PressMay 13, 2013 10:30
TORONTO - The Toronto stock market slipped Monday amid falling commodity prices as the latest data showed slightly smaller-than-expected increases in China's industrial production and retail sales. The S The Canadian dollar was up 0.10 of a cent to 98.99 cents US. U.S. retail sales edged up 0.1 per cent in April, boosted by increased spending on cars and clothing. March had seen a 0.5 per cent decline — its largest drop in nine months. Economists had expected another contraction brought on by a higher U.S. tax on Social Security that kicked off this year.

Tokyo stocks rise 1.55% by break

Agence France-PresseMay 12, 2013 20:45
Tokyo stocks rose 1.55 percent on Monday morning as the yen's fall accelerated after Japan avoided open criticism about its forex policy at a weekend meeting of Group of Seven financial chiefs. The benchmark Nikkei 225 index shot up 225.76 points to 14,833.30 points, its highest intraday level since January 2008, while the Topix index of all first-section shares climbed 1.99 percent, or 24.12 points, to 1,234.72.

Stock indexes are rising in early trading; Gap and Priceline.com rise on higher earnings

The Canadian PressMay 11, 2013 05:55
NEW YORK, N.Y. - Stock indexes are mostly higher in midday trading on Wall Street and are on track to post solid gains for the week. The Dow Jones industrial average moved between small gains and losses Friday morning. It was down 16 points at 15,066 as of noon Eastern Daylight Time. Other indexes rose slightly. The Dow is up 0.6 per cent for the week and 15 per cent so far this year. Prices for commodities including crude oil and gold fell sharply as the dollar continued to strengthen against other currencies, especially the Japanese yen.

Wall Street Week Ahead: 'Sell in May and Go Away?' Not This Year

May 10, 2013 20:15
By Angela Moon NEW YORK (Reuters) - With the Dow and the S&P 500 setting another string of record closing highs this week, the old Wall Street adage "Sell in May and Go Away" is starting to look weak. Closing out the second week of May, the Standard & Poor's 500 index is up 2.3 percent for the month. For the year, the benchmark S&P 500 is up a stunning 14.6 percent.
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