Global Markets News

Wall St tumbles; Dow, S&P turn negative for July

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NEW YORK - U.S. stocks slumped in a broad decline on Thursday, with the Dow and S&P 500 turning negative for July on concerns over the strength of overseas economies and ongoing tensions with Russia.

European shares sink again, dollar holds strong

LONDON - Doubts about whether stock markets can ride out a tightening of U.S. monetary policy dominated trade in European shares on Thursday, and the prospect of higher interest rates next year pushed the dollar to 10-month highs.

9:24am EDT

Dollar gains slightly after U.S. jobs data stokes optimism

NEW YORK - The U.S. dollar edged higher against a basket of major currencies on Thursday after U.S. labor market data bolstered expectations for a more hawkish Federal Reserve and reinforced optimism for a strong U.S. nonfarm payrolls report Friday.

10:48am EDT

World investors load up on stocks, Europe leads way: Reuters poll

LONDON - Global investors bought more stocks in July than at any point in more than two years, spearheaded by a push into Europe and growing confidence in the continent's economic recovery, a Reuters poll showed on Thursday.

8:31am EDT

U.S. funds recommend highest cash holdings in six years in July: Reuters poll

NEW YORK/BANGALORE - U.S. fund managers recommended the highest cash holdings since the start of the financial crisis in July, becoming more defensive over the standoff between Russia and the West on Ukraine, a Reuters poll showed.

8:26am EDT

British investors back out of government debt, favor stocks: Reuters poll

LONDON - British investment managers pared back their holdings of government debt in July and pumped more money into the equity markets before an expected rise in some central bank interest rates.

8:22am EDT
World Markets

UPDATE 2-Valeant shares fall on lowered 2014, 2015 forecasts

July 31 - Canada's Valeant Pharmaceuticals International Inc, embroiled in a bitter battle to take over Botox-maker Allergan Inc, on Thursday cut its 2014 and 2015 profit forecasts, sending shares 10 percent lower.

Stocks, M&A, Earnings, Healthcare 11:31am EDT

Europe shares steady at open; Sanofi rises after results

PARIS, July 31 - European shares were steady in early trade on Thursday as investors combed through a batch of corporate results from blue-chips such as Sanofi, Anheuser-Busch InBev and Royal Dutch Shell.

European shares hit 3-week low, earnings disappoint

LONDON, July 31 - Europe's FTSEurofirst 300 share index hit a three-week low on Thursday, led lower by Adidas after the group warned about business in Russia.

Nikkei falls in choppy trade as investors lock in profits after 4-day gain

TOKYO, July 31 - Japan's Nikkei share average fell on Thursday in choppy trade, breaking a four-day winning streak when profit-taking erased all the gains posted in bouyant morning trade that was supported by solid U.S. growth figures. Nintendo Co dived 6.5 percent after the video game maker posted a worse-than-expected operating loss in the April-June quarter. The Nikkei ended 0.2 percent lower at 15,620.77 after rising to as high as 15,759.66, the highest since Jan. 23.

Stocks, Asian Markets, 2:28am EDT

Hong Kong shares post best month since 2012 as proeprty extends rally

HONG KONG, July 31 - Hong Kong shares posted their best monthly performance since 2012 on Thursday, though gains for the day were capped by weakness in a few Chinese heavyweight companies.

Financials, Industrials 4:12am EDT

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