Global Markets News
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.