Global Markets

The Dow Jones Industrial Average rose 299.66 points, or 1.2%, to 25,745.60. The Nasdaq, which hit an all-time high earlier this week, gained 107.84 points, or 1.1%, to 10,017. The Russell 2000...

Markets in China and Hong Kong are closed on Thursday for a holiday.

The Dow Jones Industrial Average lost 710.16 points, or 2.7%, to 25,445.94. The Nasdaq, which was coming off its second all-time high this week, fell 222.20 points, or 2.2%, to 9,909.17. Small...

The Australian dollar changed hands at $0.6958 after seeing an earlier low of $0.6923.

The S&P 500 posted 25 new 52-week highs and no new lows; the Nasdaq Composite recorded 142 new highs and eight new lows.

China, the world’s top crude importer, is also expected to slow crude imports in the third quarter, after record purchases in recent months,

Mainland Chinese stocks were mixed in morning trade, with the Shanghai composite down fractionally while the Shenzhen component rose 0.168%.

Hong Kong’s Hang Seng index dipped 0.3% in early trade. Mainland Chinese stocks, on the other hand, edged higher. The Shanghai composite gained 0.13% while the Shenzhen component added 0.417%.

Oil capped its seventh weekly gain in eight on Friday with traders Vitol Group and Trafigura Group saying global demand is recovering

The Dow Jones Industrial Average fell 208.64 points, or 0.8%, to 25,871.46, the S&P 500 lost 17.53 points, or 0.56%, to 3,097.81 and the Nasdaq Composite added 3.07 points, or 0.03%, to...

Japan’s Nikkei 225 gained 0.72% while the Topix index nudged 0.23% higher. Over in South Korea, the Kospi traded slightly higher. Shares in Australia saw gains, with the S&P/ASX 200 up 0.75%. Overall, the MSCI...

The Dow Jones Industrial Average fell 39.51 points, or 0.15%, to 26,080.1, the S&P 500 gained 1.85 points, or 0.06%, to 3,115.34 and the Nasdaq Composite added 32.52 points, or 0.33%, to...

OPEC warned in a monthly report the market would remain in surplus in the second half of 2020 even as demand improves, as it now expects supply from outside the group to...

Hong Kong’s Hang Seng index shed 0.22% by the afternoon. Shares of Chinese e-commerce giant JD.com jumped in their Thursday Hong Kong debut, rising more than 3% as compared to the issue price.

Bankrupt car rental firm Hertz Global Holdings announced it would suspend its plan to sell $500 million in new shares after the U.S. Securities and Exchange Commission raised objections to the sale.

The African Development Bank established its Social Bond framework in 2017 and has raised the equivalent of $5.5 billion through five transactions supporting 89 eligible social projects in 28 African countries as...

At the beginning of his two-day testimony before Congress, Federal Reserve Chairman Jerome Powell said, "Until the public is confident that the disease is contained, a full recovery is unlikely."

Investors also continued to watch for developments on the geopolitical front regionally, as tensions escalate along the Korean peninsula after North Korea reportedly destroyed a liaison office with the South.

Wall Street closed higher on Monday following an announcement by the U.S. Federal Reserve regarding its corporate bond purchasing program that boosted investor confidence, which had been wavering amid a spike in...

Oil prices also fell with Brent crude, the international benchmark, down 2.5 per cent to $37.77 a barrel. US marker West Texas Intermediate was down 3.3 per cent at $35.05.

The Dow Jones Industrial Average rose 477.37 points, or 1.9%, to 25,605.54, the S&P 500 gained 39.21 points, or 1.31%, to 3,041.31 and the Nasdaq Composite added 96.08 points, or 1.01%, to...

Oil prices dropped in the morning of Asian trading hours, with international benchmark Brent crude futures down 2.75% to $37.49 per barrel. U.S. crude futures also slipped 3.55% to $35.05 per barrel.

Boeing was the heaviest weight on the Dow, shedding 16.4% after its top supplier Spirit AeroSystems Holdings Inc announced a 21-day layoff for staff doing production and support work for Boeing’s 737...

The Japanese yen traded at 106.97 per dollar, having strengthened from levels above 109 seen earlier in the trading week. The Australian dollar changed hands at $0.6953 after seeing an earlier high of $0.7004.

The Dow Jones Industrial Average fell 282.31 points, or 1.04%, to 26,989.99, the S&P 500 lost 17.04 points, or 0.53%, to 3,190.14 and the Nasdaq Composite added 66.59 points, or 0.67%, to...

Overnight on Wall Street, the Nasdaq Composite rose 0.29% to hit a record close of 9,953.75. Meanwhile, the Dow Jones Industrial Average dropped 300.14 points, or 1.09%, and snapped its six-session winning...

The Dow Jones Industrial Average fell 300.14 points, or 1.09%, to 27,272.3, the S&P 500 lost 25.21 points, or 0.78%, to 3,207.18 and the Nasdaq Composite added 29.01 points, or 0.29%, to...

The expected supply surge from Libya has been derailed after armed militants halted output at the nation’s biggest oilfield

In early trading on Tuesday, Hong Kong’s Hang Seng climbed 1.3 per cent to put the benchmark on track for sixth straight day of gains

The Dow Jones Industrial Average rose 461.46 points, or 1.7%, to 27,572.44, the S&P 500 gained 38.46 points, or 1.20%, to 3,232.39 and the Nasdaq Composite added 110.66 points, or 1.13%, to...

International benchmark Brent crude futures dipped 0.24% to $42.20 per barrel, while U.S. crude futures shed 0.56% to $39.33 per barrel.

The Dow Jones Industrial Average rose 829.16 points, or 3.15%, to 27,110.98, the S&P 500 gained 81.58 points, or 2.62%, to 3,193.93 and the Nasdaq Composite added 198.27 points, or 2.06%, to...

The Dow Jones Industrial Average rose 11.93 points, or 0.05%, to 26,281.82, the S&P 500 lost 10.52 points, or 0.34%, to 3,112.35 and the Nasdaq Composite dropped 67.10 points, or 0.69%, to...

The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 96.791 following an earlier low of 96.715.

The Japanese yen traded at 109 per dollar after weakening sharply earlier  this week from levels below 108. The Australian dollar changed hands at $0.6894, following its rise from levels below $0.68 seen earlier in the...

The Dow Jones Industrial Average rose 527.24 points, or 2.05%, to 26,269.89, the S&P 500 gained 42.05 points, or 1.36%, to 3,122.87 and the Nasdaq Composite added 74.54 points, or 0.78%, to...

Crude Oil rose above $40 for first time in three months as investors shrug off US unrest

The Dow Jones Industrial Average rose 267.63 points, or 1.05%, to 25,742.65, the S&P 500 gained 25.09 points, or 0.82%, to 3,080.82 and the Nasdaq Composite added 56.33 points, or 0.59%, to...

The Japanese yen traded at 107.61 per dollar after weakening from levels around 107.4 yesterday. The Australian dollar changed hands at $0.6794 after seeing levels below $0.657 last week.

All three major U.S stock indices began the month with gains of less than 1% on the heels of a strong rally in May.

Shares in Asia Pacific were higher on Monday, with Hong Kong’s Hang Seng index surging more than 3% in morning trade.

Volume on U.S. exchanges was 13.62 billion shares, compared to the 11.3 billion average for the full session over the last 20 trading days.

The Japanese yen traded at 107.34 per dollar after strengthening from levels above 107.8 yesterday.

The Dow Jones Industrial Average fell 147.63 points, or 0.58%, to 25,400.64, the S&P 500 lost 6.4 points, or 0.21%, to 3,029.73 and the Nasdaq Composite dropped 43.37 points, or 0.46%, to...

Developments on U.S.-China relations likely continued to be monitored by investors, as tensions between the two economic powerhouses mount.

Oil’s rally started to falter Wednesday after Moscow signaled that it wanted to scale back supply cuts pledged under the OPEC+ agreement from July

Oil prices dipped in the afternoon of Asian trading hours, with international benchmark Brent crude futures down 0.25% to $36.08 per barrel. U.S. crude futures also slipped 0.44% to $34.20 per barrel.

The Dow Jones Industrial Average rose 529.95 points, or 2.17%, to 24,995.11, the S&P 500 gained 36.32 points, or 1.23%, to 2,991.77, and the Nasdaq Composite added 15.63 points, or 0.17%, to...

South Korea’s Kospi gained 0.5 per cent and Australia’s S&P/ASX 200 added 0.7 per cent.

The U.S. dollar traded at 99.823 against a basket of its peers at 1:42 p.m. HK/SIN, a touch lower than its previous close at 99.863

This is the lowest levels China has pegged the Yuan since the financial crisis of 2008.

China is poised to impose a new national security law on Hong Kong after months of anti-government protests in the territory. The move has sparked concerns the law will give Beijing more control...

Amazon finished lower on Thursday after touching a record intraday high earlier in the day.

Oil prices were higher in the morning of Asian trading hours, with international benchmark Brent crude futures up 0.5% to $35.93 per barrel.

Oil prices were little changed in the morning of Asian trading hours, with international benchmark Brent crude futures up 0.17% to $34.71 per barrel. U.S. crude futures dipped slightly to $31.94 per barrel

The Dow Jones Industrial Average fell 390.51 points, or 1.59%, to 24,206.86, the S&P 500 lost 30.97 points, or 1.05%, to 2,922.94 and the Nasdaq Composite dropped 49.72 points, or 0.54%, to...

The move comes less than two weeks after Uber laid off 3,700 employees, or 14 percent of its global workforce. In total, the company has eliminated around a quarter of its staff in...

Hong Kong’s Hang Seng index led gains among the region’s major markets, jumping 2.38% in early trade as shares of HSBC soared more than 3%.

Oil prices rose in the afternoon of Asian trading hours on expectations of demand pick-up and supply cuts, reaching the highest levels since march.

First-quarter earnings season is on the final stretch, with 451 of the companies in the S&P 500 having reported. Of those, 66.7% have beaten consensus.

In trading in the region on Friday, Japan’s benchmark Topix index fell 0.3 per cent while Hong Kong’s Hang Seng index dropped 0.6 per cent. South Korea’s Kospi and China’s CSI 300...

The fall in Australian stocks came as the country’s unemployment rate jumped to 6.2 per cent, the highest level in five years. The Australian dollar fell 0.3 per cent against the dollar...

The Dow Jones Industrial Average fell 516.81 points, or 2.17%, to 23,247.97, the S&P 500 lost 50.12 points, or 1.75%, to 2,820 and the Nasdaq Composite dropped 139.38 points, or 1.55%, to...

Futures markets tipped the S&P 500 to drop 0.4 per cent when trading begins on Wall Street later in the day, while London’s flagship FTSE 100 was expected to shed 1.6 per...

The Cboe Volatility Index, known as Wall Street’s fear gauge, ended 5.47 points higher at 33.04. It was the biggest one-day point gain for the VIX in more than three weeks. Among...

Hong Kong’s Hang Seng index fell 1.48%, as of its final hour of trading while in Japan, the Nikkei 225 declined 0.12% to close at 20,366.48 while the Topix index slipped 0.26% to end its trading...

The Dow Jones Industrial Average fell 109.33 points, or 0.45%, to 24,221.99, the S&P 500 gained 0.39 points, or 0.01%, to 2,930.19 and the Nasdaq Composite added 71.02 points, or 0.78%, to...

Japan's Nikkei added 0.7% and South Korean stocks 0.3%. E-Mini futures for the S&P 500 ESc1 opened soft but bounced as the morning wore on and was last up 0.3%.

The largest advances in Asia Pacific region came in Japan and Hong Kong, with Seoul and Shanghai also seeing gains though volumes were down across the board.

The Dow Jones Industrial Average rose 455.43 points, or 1.91%, to 24,331.32, the S&P 500 gained 48.61 points, or 1.69%, to 2,929.8 and the Nasdaq Composite added 141.66 points, or 1.58%, to...

Japanese stocks led gains among the region’s major markets, with the Nikkei 225 jumping 2.06% in afternoon trade

Stocks have rebounded sharply since late March from the coronavirus-fueled sell-off, helped by massive monetary and fiscal stimulus

Asian markets fell moderately on Thursday as investors held their breath over data that could add to the picture of how the world economy is dealing with the coronavirus outbreak. Hong Kong...

The tech-heavy Nasdaq ended higher, although indexes pulled back late in the session especially after U.S. President Donald Trump said China may or may not keep a trade deal between the two...

The International Monetary Fund sees the world needing public investment of more than $20 trillion in the next two decades as nations spend on initiatives including improved healthcare systems, infrastructure and green...

Brent crude, the international benchmark, was off 0.1 per cent on Wednesday morning in Asia but still up for the week at $30.95 a barrel, having hit the $30 mark on Tuesday...

The Dow Jones Industrial Average rose 133.33 points, or 0.56%, to 23,883.09, the S&P 500 gained 25.7 points, or 0.90%, to 2,868.44 and the Nasdaq Composite added 98.41 points, or 1.13%, to...

The upturn for stocks came on more optimistic statements from the governors of California and New York for reopening businesses. Andrew Cuomo of New York on Monday outlined a phased reopening in...

Analysts warned that after a strong April - fueled by optimism the worst of the disease has passed - equities could suffer a tumultuous May as corporate earnings and other indicators reveal...

Buffett, who will host Berkshire’s annual meeting virtually later Saturday, has largely stayed in the shadows as the pandemic hammered the global economy and stock markets. That’s a contrast to the financial...

Amazon stock fell about 5 percent after the company reported on Thursday that despite surging sales in the first quarter, costs to deliver products amid the pandemic had taken a big bite...

The Dow Jones Industrial Average fell 288.14 points, or 1.17%, to 24,345.72, the S&P 500 lost 27.08 points, or 0.92%, to 2,912.43 and the Nasdaq Composite dropped 25.16 points, or 0.28%, to...

Gold demand will continue to feel the effects of COVID-19 for the rest of 2020. In particular, the divergence between investment in gold-backed ETFs and consumers via jewelry will likely continue until...

The dollar dropped against a basket of peers. The dollar index fell 0.247%, with the euro up 0.08% to $1.0837. The Japanese yen strengthened 0.38% versus the greenback at 106.86 per dollar,...

While the market is being hit by financial flows, Russia warned that there will be no quick fix to low prices. The nation’s energy minister, Alexander Novak said Tuesday that the oil...

While data is beginning to highlight the impact coronavirus has had on economies, markets have been buoyed in recent days by news that some of the worst-hit countries are finally seeing infection...

The Dow Jones Industrial Average rose 358.51 points, or 1.51%, to 24,133.78, the S&P 500 gained 41.74 points, or 1.47%, to 2,878.48 and the Nasdaq Composite added 95.64 points, or 1.11%, to...

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1% in early trade, having shed 2.6% last week. Japan's Nikkei gained 1.1%, while E-Mini futures for the S&P 500 dipped 0.4%

The sharp downward revision is driven by a massive decline in Asian economies, led by China and India which are slated to post sub-1 per cent growth this year.

Stocks across Asia-Pacific fell after a potential antiviral drug to treat coronavirus flopped in its first clinical trial, dashing investors’ hopes for a medical solution to the pandemic.

Kenya Airways' share price Wednesday dropped below the Kes1 mark to trade at Kes 0.97 at the Nairobi Securities Exchange

Crude has been pummelled in recent days on concerns that there is not enough space around the world to store the growing oil glut

Frontier markets had a good day in turn as global Investors looked out to them for hedging against their markets. Turnover of the Nairobi Securities exchange hit past the 1 Billion mark...

The challenge of identifying which assets will lead the rebound from the virus turmoil is the major debating point as countries around the world achieve some success in limiting the spread of...

Demand for energy collapsed in the U.S and most heavy users of oil globally and traders don’t want to get stuck owning crude with nowhere to store it.

There is not much expectation about the current quarterly earnings season and the disappointment seems to be already factored into the stock prices. Markets will watch out for management commentary regarding the...

The local market seems to have run out of purchasing power, or are waiting for even lower prices as we presume, as they hold low counteractive measures against the foreign investors. Earlier...

The rand has slumped 25% against the dollar this year, compared with the lira’s 14% decline. South Africa’s currency has been hit by a credit downgrade to junk, a slump in commodity...

Kenyan government has less fiscal room to support the economy compared to many of its peers and the country's credit profile would weaken if a wider fiscal deficit increases the debt-GDP ratio.

China moved again to cushion its economy, cutting a key medium-term interest rate to record lows and paving the way for a similar reduction in benchmark loan rates.