Archive for October, 2016

FOREX-Dollar surrenders gains on worries over FBI probe of Clinton emails

October 31st, 2016

FOREX-Dollar surrenders gains on worries over FBI probe of Clinton emails
* Renewed concerns over U.S. political uncertainty hurt
dollar

Source
Reuters: US Dollar Report

US indexes waver as traders use caution ahead of election

October 31st, 2016

US indexes waver as traders use caution ahead of election

US indexes waver as traders use caution ahead of electionStocks were mostly unchanged on Monday, despite some positive economic data and a raft of big new merger announcements over the weekend. Hesitant traders continue to watch the day-to-day developments of …

Source
Economy News Headlines – Yahoo! News

Canada says must work hard to ensure firms benefit from EU deal

October 31st, 2016

Canada says must work hard to ensure firms benefit from EU deal

EU Commission President Juncker, Canada's PM Trudeau, International Trade Minister Freeland, Quebec Premier Couillard and EU Council President Tusk attend the signing ceremony of the CETA in BrusselsBy David Ljunggren OTTAWA (Reuters) – The Canadian government will have to work hard to ensure firms can benefit from a landmark free trade deal that Canada has reached with the European Union, Trade Minister Chrystia Freeland said on Monday. After the EU settled a series of internal disputes, Prime Minister Justin Trudeau signed the Comprehensive Economic and Trade Agreement (CETA) in Brussels on Sunday. Although Freeland introduced legislation in Parliament on Monday to ratify the pact, Canada will have to wait for a vote in the European Parliament before most tariffs are lifted.

Source
Economy News Headlines – Yahoo! News

Wall St. ends flat amid election doubts, M&A flurry

October 31st, 2016

Wall St. ends flat amid election doubts, M&A flurry

Traders work on the floor of the NYSEWall Street ended barely changed on Monday as investors digested the latest large-scale corporate mergers as well as the most recent twist in a tumultuous U.S. presidential election. Stocks were jolted Friday by disclosure that the FBI was investigating more emails as part of a probe into Hillary Clinton’s use of a private email system, injecting fresh uncertainty over the Democratic candidate’s presumed lead in the presidential election over Republican rival Donald Trump. Opinion polls have shown Clinton’s lead over Trump was narrowing slightly since early last week and it is not yet known if the email controversy will erode her support.

Source
Stock Markets News Headlines – Yahoo! News

Wall St. flat after M&A flurry, election uncertainty

October 31st, 2016

Wall St. flat after M&A flurry, election uncertainty

Traders work on the floor of the NYSENEW YORK (Reuters) – Wall Street ended barely changed on Monday as investors digested the latest large-scale corporate mergers as well as the most recent twist in a tumultuous U.S. presidential election. The Dow Jones industrial average fell 18.22 points, or 0.1 percent, to 18,142.97, the S&P 500 lost 0.17 points, or 0.01 percent, to 2,126.24 and the Nasdaq Composite dropped 0.97 points, or 0.02 percent, to 5,189.14. (Reporting by Chuck Mikolajczak; Editing by Nick Zieminski)

Source
Stock Markets News Headlines – Yahoo! News

Wall St. treads water amid election doubts, M&A flurry

October 31st, 2016

Wall St. treads water amid election doubts, M&A flurry

Traders work on the floor of the NYSEWall Street was little changed on Monday as investors digested the latest in a spate of large-scale corporate mergers as well as revelations ahead of the impending U.S. presidential election. Stocks were jolted on Friday by disclosure that the FBI was investigating more emails as part of a probe into Hillary Clinton’s use of a private email system, causing fresh uncertainty over the Democratic candidate’s presumed lead in the presidential election over Republican rival Donald Trump. “I don’t think the market had come anywhere close to discounting or even predicting a Donald Trump victory,” said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma.

Source
Stock Markets News Headlines – Yahoo! News

Oil dips on OPEC output-cut concerns, stocks shaky

October 31st, 2016

Oil dips on OPEC output-cut concerns, stocks shaky

Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in FrankfurtBy Saqib Iqbal Ahmed NEW YORK (Reuters) – Oil prices fell sharply on Monday to touch a one-month low on doubts about OPEC’s ability to implement its planned production cut, while global equity prices were shaky as Wall Street struggled to build on a sentiment boost from a string of M&A deals. Oil prices dropped more than $1 a barrel after officials from the Organization of the Petroleum Exporting Countries (OPEC) and non-member producers met in Vienna on Saturday but failed to make any specific commitment to join OPEC countries in limiting output to support prices. “Unless OPEC can circle the wagons and get everyone on the same page, the market’s going to be sceptical.” Brent crude settled down $1.41, or 2.84 percent, at $48.30 a barrel, while U.S. crude settled down $1.84, or 3.78 percent, at $46.86.

Source
Stock Markets News Headlines – Yahoo! News

Tesco faces £100m claim from investors over accounting scandal

October 31st, 2016

Tesco faces £100m claim from investors over accounting scandal

Tesco is facing a claim of more than £100m in damages by a group of investors who say the supermarket made misleading statements to the stock market. The group of 124 British institutional funds, who say they lost millions of pounds after Tesco mis-stated profits two years ago, are involved in the claim filed by law firm Stewarts Law at the high court in London on Monday. The action is being funded by Bentham Europe, a group that specialises in funding litigation and is ultimately controlled by US activist hedge fund Elliott Management.

Source
Stock Markets News Headlines – Yahoo! News

US vote twist spooks stock markets

October 31st, 2016

US vote twist spooks stock markets

Republican presidential candidate Donald Trump listens to Democratic presidential candidate Hillary Clinton during a debate in St. Louis, Missouri on October 9, 2016Hong Kong (AFP) – Wall Street joined European and Asian stocks heading gently south Monday as the US presidential election race took a dramatic late twist.

Source
Stock Markets News Headlines – Yahoo! News

PRECIOUS-Gold steadies as dollar pares gains; focus on U.S. election, Fed

October 31st, 2016

PRECIOUS-Gold steadies as dollar pares gains; focus on U.S. election, Fed
* Gold retreats from Friday’s nearly 4-week high
* FBI’s Clinton investigation keeps U.S. election in focus
* Platinum on track for 3rd straight monthly drop

(Recasts; updates prices; adds…

Source
Reuters: US Dollar Report