Global Markets News

Major indexes hit records as post-election rally goes on

NEW YORK All three major U.S. stock indexes set record closing highs on Monday, extending their post-election rally as energy and other commodity-related shares gained and Facebook led a jump in technology. | Video

Citi and JPMorgan top list of globally systemic banks
3:09pm EST
Oil rally propels Wall Street to record
4:21pm EST
Sneakers show limits of trade policy in reviving jobs for Trump
12:22pm EST
Microsoft offers EU hardware, software LinkedIn concessions: sources
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Boeing names GE's McAllister CEO, commercial airplanes
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FEATURED HEADLINES

Where to invest 2017

Corporate profits due for huge recovery: Bernstein

Emerging markets may submerge again in 2017, top funds fear

Asian bond markets to stay volatile through first quarter, says State Street GA

Technology

Alibaba Cloud stretches global reach with four new facilities

Facebook 'likes' Britain's talent, to add jobs despite Brexit

Irish data Commissioner steps up investigation into Yahoo email scanning

Commodities

Oil jumps, at three-week high ahead of OPEC output decision

OPEC experts' meeting makes progress on output talks

Rowan, Saudi Aramco to form joint venture to operate offshore drilling rigs

FXpert

Dollar falls, ending 10-day streak; Japan quake boosts yen

Sterling jumps after PM hints at Brexit transition deal

Dollar's rise won't blind Fed to its goals, Fischer says

Deals

Oracle to buy internet infrastructure provider Dyn

Novartis buys U.S. blood disease drugmaker in $665 million deal

U.S. fears over sensitive compound hits Chinese bid for Aixtron

Companies

Tyson Foods shares dive on CEO departure, dim 2017 forecast

ECB's Draghi says consequences of Trump's win hard to assess

AT&T signs on Fox for DirectTV Now

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BRIEF-Copart reports Q1 earnings per share $1.41

* Copart Inc quarterly total service revenues and vehicle sales $346 million versus $288.8 million last year

6:18pm EST

UPDATE 1-Tesoro Logistics boosts midstream business in deals worth $1.1 bln

Nov 21 Tesoro Logistics LP said it would buy some oil, natural gas and other gathering systems in North Dakota for about $700 million, and will also acquire terminal and storage assets from major shareholder Tesoro Corp for about $400 million.

6:17pm EST

BRIEF-Black Diamond Group provides guidance for Q4 2016

* Anticipating Q4 adjusted ebitda of between $8 million to $12 million

6:17pm EST

BRIEF-Hormel Foods announced a 17 pct increase to annual dividend to shareholders

* Announced a 17 percent increase to annual dividend to shareholders

6:17pm EST

BRIEF-Poydras Gaming Finance Corp posts Q3 net loss of $2.9 mln

* Poydras Gaming Finance Corp. Announces 2016 third quarter results

6:14pm EST

Tokyo Electric resumes reactor cooling system after temporary halt

TOKYO, Nov 22 Tokyo Electric Co said it has resumed the cooling system at a storage pool for spent nuclear fuel at the No.3 reactor at the Fukushima-Daini nuclear power plant that had been automatically halted earlier after an earthquake hit northern Japan on Tuesday.

6:13pm EST

UPDATE 1-Smithfield Foods to buy Farmer John from Hormel

Nov 21 Smithfield Foods said it would buy parent of the Farmer John and Saag's Specialty Meats brands, and farm operations in three U.S. states from Hormel Foods Corp for $145 million in cash.

6:12pm EST

UPDATE 3-Powerful quake hits Japan, Fukushima residents urged to flee tsunami

* Japan Meteorological Agency warns of tsunami up to 3 metres

6:10pm EST

BRIEF-Globus Maritime qtrly basic loss per share $1.07

* Globus maritime ltd - during three-month period ended september 30, 2016 and 2015,voyage revenue reached $2.5 million and $3.2 million respectively

6:09pm EST

Caesars bankruptcy heads to showdown with U.S. watchdog

CHICAGO, Nov 21 The U.S. government's bankruptcy watchdog objected on Monday to a Caesars Entertainment Corp subsidiary's proposal to exit Chapter 11, threatening to derail a largely consensual plan to slash $10 billion of debt.

6:06pm EST

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European shares end up, helped by cyclical stocks

* Aixtron falls as U.S. regulator opposes China takeover (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets) Adds details, updates prices)

12:59pm EST

European shares fall on Italian worries

MILAN, Nov 21 European shares fell on Monday, weighed down by losses among pharmaceuticals and financials and by worries that next month's Italian referendum on constitutional reform could create political instability.

5:17am EST

Mining shares rebound, pharma under pressure in weak European open

MILAN, Nov 21 European shares were slightly lower in early trading on Monday as weakness in defensives, particularly pharma and consumer staples, offset gains across the mining sector.

3:28am EST

European shares close lower as dollar strength hits miners

MILAN, Nov 18 European equities ended lower on Friday, with mining and energy stocks bearing the brunt of the sell off after commodities prices slipped following a rally in the dollar.

Nov 18 2016

European shares waver as dollar strength hits miners, props carmakers

MILAN, Nov 18 European shares wavered on Friday, with a strong dollar hitting miners but helping export-oriented auto stocks, while Volkswagen was further boosted after it stuck a deal to cut thousands of jobs.

Nov 18 2016

European shares propped up by automakers, miners fall

MILAN, Nov 18 European shares were marginally higher in early trade on Friday, as a stronger dollar underpinned export-oriented stocks such as automakers, though gains were capped by weaker mining stocks.

Nov 18 2016

Italian shares lag European rebound as referendum jitters hit banks

MILAN, Nov 17 Italian shares underperformed positive European markets on Thursday, as the country's bank stocks slumped to five-week lows on jitters over next month's constitutional reform referendum.

Nov 17 2016

European shares edge higher, focus on Yellen

LONDON, Nov 17 European equities edged higher on Thursday as basic resources stocks bounced back, while South African financial services group Investec climbed to a six-month high after reporting a jump in half-year profits.

Nov 17 2016

European shares edge lower as banks extend losses

LONDON, Nov 17 European shares edged lower in early trading on Thursday, with banking stocks on the backfoot again while an earnings miss at Ahold Delhaize put its shares on course for their worst day in seven months.

Nov 17 2016

European shares weighed down by weaker banks, Bayer drop

* Hugo Boss slumps as revival plan seen taking time (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)Adds detail, closing prices)

Nov 16 2016

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Nikkei futures briefly slip after earthquake, tsunami

NEW YORK, Nov 21 Nikkei futures traded in the United States briefly fell on Monday after a 6.9 magnitude earthquake hit northern Japan, followed by a tsunami warning.

5:19pm EST

FOREX-Dollar falls, ending 10-day streak; Japan quake boosts yen

* Dollar outlook stays positive * Dollar reaches six-month high against yen * Earthquake reported in northern Japan (Updates to add Japan earthquake weighs on dollar/yen) By Gertrude Chavez-Dreyfuss NEW YORK, Nov 21 The dollar dropped on Monday after rising 10 straight days as investors consolidated gains after the election of a Republican president who is expected to adopt fiscal policies that will lead to interest rate increases. Reports of an earthquake in Japan weighed on the dollar against the safe-haven yen and boosted the euro and other currencies. The single euro zone currency rose to session highs after the earthquake news, Late on Monday, the Japan Meteorological Agency said an earthquake with a preliminary magnitude of 7.3 hit northern Japan, and it issued tsunami advisories for much of the nation's northern Pacific coast. An earthquake in 2011 in Japan resulted in nearly a 7 percent appreciation of the yen for the first few days after the quake on the expectation of increased repatriation flows. In late trading, the dollar fell from six-month highs against the yen to trade 0.1 percent lower at 110.80 yen . Given a shortened trading week because of the U.S. Thanksgiving Day holiday on Thursday, analysts said, there is little on the horizon that could change expectations that the Federal Reserve will raise interest rates in December, a action considered supportive of the dollar. The greenback's weakness on Monday though benefited the euro, which rose from an 11-month low last Friday. Recent political developments have eased the uncertainty surrounding next year's European elections in countries such as Germany. Shaun Osborne, chief currency strategist at Scotiabank in Toronto, said the dollar's slide was just a correction or, at the very least, a consolidation. He remained upbeat on the dollar's medium-term outlook because of rising rates amid expectations of stronger U.S. growth. The dollar index last traded down 0.3 percent at 100.90 . Over the last 10 days, it has risen nearly 5 percent, with investors betting increased fiscal spending by the incoming Donald Trump administration will stoke inflation and propel interest rates higher. That said, Scott Smith, director of hedging solutions at Cambridge Global Payments in Toronto noted that Fed Chair Janet Yellen in testimony to Congress last week struck a cautious tone on the U.S. economy. The Fed, he added, was seemingly in no rush to factor in the likelihood of increased fiscal stimulus into its economic models. This poses a risk to the market's bullish bias on the dollar, he added. Meanwhile, analysts said German Chancellor Angela Merkel's announcement on Sunday that she will seek a fourth term, while not a surprise, is viewed as euro-positive. Merkel is seen as a defender of liberal democracy in the West at a time investors are fretting about a wave of populism and anti-globalization in Europe. The euro rose 0.2 percent to $1.0601 in late trading, after touching its lowest since December 2015 on Friday. (Reporting by Gertrude Chavez-Dreyfuss; Editing by Chizu Nomiyama and Steve Orlofsky)

4:58pm EST

GLOBAL MARKETS-Oil rally propels Wall St to record

NEW YORK, Nov 21 U.S. stocks climbed on Monday to close at a record and European equity markets also moved higher as a jump in oil prices helped spur gains in the energy sector.

4:13pm EST

FOREX-Dollar dips after recent strong gains; euro advances

* Dollar outlook stays positive * Dollar hits six-month high against yen * Euro rises on positive political developments (Updates prices, adds comment) By Gertrude Chavez-Dreyfuss NEW YORK, Nov 21 The dollar slipped on Monday after rising 10 straight days as investors consolidated gains fueled by the election of a new Republican president who is expected to adopt fiscal policies leading to interest rate increases. But given a shortened trading week due to the U.S. Thanksgiving Day holiday on Thursday, there is little on the horizon that could change market expectations that the Federal Reserve will raise interest rates at next month's meeting, a move seen as supportive of the dollar. The greenback's weakness on Monday though benefited the euro, which rose from an 11-month low hit last Friday. Recent political developments have eased the uncertainty surrounding next year's German and French elections. Shaun Osborne, chief currency strategist at Scotiabank in Toronto, said the dollar's slide was just a correction or, at the very least, a consolidation. He remained upbeat on the dollar's medium-term outlook due to rising rates amid expectations of stronger U.S. growth. In late trading, the dollar index was down 0.1 percent at 101.12. Over the last 10 days, it has posted a nearly 5 percent gain, with investors betting U.S. President-elect Donald Trump's increased fiscal spending would stoke inflation and propel interest rates higher. That said, Scott Smith, director of hedging solutions at Cambridge Global Payments in Toronto noted that Fed Chair Janet Yellen in her testimony before Congress last week struck a cautious tone on the U.S. economy, with the Fed seemingly in no rush to factor in the likelihood of increased fiscal stimulus into their economic models. This poses a risk to the market's bullish bias on the dollar, he added. Meanwhile, analysts said German Chancellor Angela Merkel's announcement on Sunday that she will seek a fourth term, while not a surprise, is viewed as euro-positive. Merkel is seen as a defender of liberal democracy in the West as investors fretted about a wave of populism and anti-globalization sentiment in Europe. The euro rose 0.2 percent to $1.0601 in late trading, after touching its weakest levels since December 2015 on Friday. In France, former President Nicolas Sarkozy was ousted in a party primary from the election race over the weekend. This leaves ex-prime ministers Francois Fillon and Alain Juppe vying to become the center-right Republicans' candidate for the May presidential election. The winner is expected to face National Front leader Marine Le Pen, who opposes the European Union. Some analysts said Sarkozy's defeat lessened Le Pen's prospects of winning, easing investor fears about a breakup of the euro zone. Against the yen, the dollar hit a six-month high of 111.36 yen, and was last up 0.3 percent at 111.24. (Reporting by Gertrude Chavez-Dreyfuss; Editing by Chizu Nomiyama)

2:38pm EST

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Market Data

STOCKS
BONDS
CURRENCIES
COMMODITIES

S&P » 2,198.18 USD +0.75% Dow » 18,956.69 USD +0.47% FTSE 100 » 6,777.96 GBP +0.03% Nikkei 225 » 18,106.02 JPY --

Name	Yield	Change
US 10YR	+2.314 5:05pm EST	-0.023
DE 10YR	+0.275 2:19pm EST	-0.006
JP 10YR	+0.034 12:05pm EST	+0.006

6:25pm EST

Name	USD	EUR	JPY
USD	1	1.0585	0.0090
EUR	0.9447	1	0.0085
JPY	110.7000	117.4600	1

Index	Last	Chg
Gold	1,207.80 USD 12:25pm EST	-8.70 Exp: Nov2016
Copper	2.51 USD 1:17pm EST	+0.05 Exp: Nov2016
Crude Oil	48.48 USD 6:14pm EST	+0.24 Exp: Dec2016