Markets news

Bitcoin Cash soars more than 100% to record high above $900

20/08/2017 - 13:38 Category: Forex - Bitcoin Cash prices rose sharply on Sunday, jumping to a record high above the $900-level, amid optimism that faster transactions times will speed up the spread of the cryptocurrency. According to market participants, over half of Bitcoin Cash’s transaction volume was made on trading exchanges in South Korea, such as Bithumb and Coinone.

United Arab Emirates stocks mixed at close of trade; DFM General up 0.39%

20/08/2017 - 11:15 Category: Stock Market – United Arab Emirates stocks were mixed after the close on Sunday, as gains in the Insurance, Finance&Investment and Transport sectors led shares higher while losses in the Services, Consumer Staples and Telecoms sectors led shares lower. At the close in Dubai, the DFM General rose 0.

Weekly outlook: August 21 – 26

20/08/2017 - 10:37 Category: Forex - The dollar fell against a basket of the other major currencies on Friday as U.S. political uncertainty and growing doubts over the prospects for another rate hike by the Federal Reserve this year weighed. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.

Crude oil futures – weekly outlook: August 21 – 25

20/08/2017 - 09:25 Category: Commodities - Oil prices settled sharply higher on Friday, jumping about 3% in a surprise rally amid reports of a unit shutdown at one of the largest oil refineries in the U.S., as well as data showing a weekly fall in the number of active domestic oil rigs. Traders piled into crude contracts after reports surfaced that a unit at Exxon (NYSE:XOM) Mobil’s Baytown, Texas refinery shut down.

The week ahead: 5 things to watch on the economic calendar

20/08/2017 - 08:11 Category: Market News - Global financial markets will focus on the annual meeting of top central bankers and economists in Jackson Hole, Wyoming, where the heads of the U.S. and European central banks will be making keynote speeches. Traders will also keep an eye out on U.S. housing data to gauge the strength of the world's largest economy and how it will impact the Federal Reserve's view on monetary policy.

Peru stocks higher at close of trade; S&P Lima General up 0.98%

18/08/2017 - 21:25 Category: Stock Market – Peru stocks were higher after the close on Friday, as gains in the S&P Lima Juniors, Banking&Financials and Mining sectors led shares higher. At the close in Lima, the S&P Lima General gained 0.98% to hit a new 52-week high. The best performers of the session on the S&P Lima General were Casa Grande (LM:CSG), which rose 4.

Flex receives approval for additional share repurchase

18/08/2017 - 20:38 Category: Stock Market - Flex Ltd (NASDAQ:FLEX) has received approval to purchase up to 20% of its shares outstanding, up to $500 million. This comes even after the company has repurchased $298.8 million worth of shares so far this year for a total of $2.6 billion. Flex's shares were indicated up almost 1% in the after hours session.

Brazil stocks higher at close of trade; Bovespa up 1.09%

18/08/2017 - 20:35 Category: Stock Market – Brazil stocks were higher after the close on Friday, as gains in the Financials, Real Estate and Electric Power sectors led shares higher. At the close in Sao Paulo, the Bovespa gained 1.09% to hit a new 3-months high. The best performers of the session on the Bovespa were Natura Cosmeticos SA (SA:NATU3), which rose 4.

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.35%

18/08/2017 - 20:25 Category: Stock Market – U.S. stocks were lower after the close on Friday, as losses in the Telecoms, Consumer Goods and Healthcare sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average declined 0.35%, while the S&P 500 index lost 0.18%, and the NASDAQ Composite index lost 0.09%.

US stocks close lower as Dow posts weekly loss

18/08/2017 - 20:09 Category: Stock Market – U.S. stocks closed lower on Friday, as U.S. political uncertainty continued unabated, after White house chief strategist Steven Bannon resigned. "White House Chief of Staff John Kelly and Steve Bannon have mutually agreed today would be Steve's last day. We are grateful for his service and wish him the best," White House press secretary Sarah Huckabee Sanders said in a statement.