Stock Market News Page 5

The start of the third quarter of the year has been greeted by a rise in share prices in Asia. The lift comes on the back of an agreement in Europe that leaders will shore up the zone’s banks. However, some early gains by the euro were lost as concerns persisted over the continuing debt crisis. Following a surge of 2.7 per cent on...

According to a recent survey, advisers have expressed more optimism about stock markets in the US than in Canada , while showing and more concerned over a major downturn in the Chinese market than in the eurozone. The insurer and wealth management firm, which is based in Toronto, found that 78% of nearly 500 advisers surveyed expressed...

Italian and Spanish shares have dropped sharply with fears that the EU summit taking place this week will fail to create a deal to save the euro. The shares’ main indexes finished down by around 4 percent as Spain’s prime minister urged summit leaders to "dispel doubts" over the single currency. The US stock market was...

Wall Street shares finished with a 2 percent drop after manufacturing figures in Europe, China and the US indicated a weakening global economy. Prices for petroleum were also affected, with Brent crude oil and US light crude both down by over 3.5 percent. The sad economic news came after a downgrade of American economic growth forecasts...

EU stock markets went up on Tuesday afternoon, propped up by falling UK inflation, hopes of central bank stimulus packages and positive company outcomes. The German Dax index went up 1.8 percent to 6363.4, while the French the Cac 40 index increased by 1.7 percent to 3117.9. Rising over 2 percent was the FTSE 100, which ended up by 1.7...

The United Kingdom supermarket group Tesco will be exiting Japan in a double-stage process, in which it will first sell off 50 percent of its Tesco Japan subsidiary company to Aeon, the nation’s second-biggest retail group. Prior to its eventual departure from the business, Tesco plans to invest £40 million in this joint venture. No...

Manchester United football club has announced its tentative plan to move its upcoming stock market flotation from Singapore to the United States. Previously, Manchester United was planning a $1 billion share sale at the Singapore Stock Exchange. If its share listing is moved, this would be the most recent in a series of cancelled or...

As borrowing costs for both Spain and Italy rose, concern remains over the eurozone debt crisis, even with the 100 billion-euro bailout of Spanish banks. Yields for ten-year Italian bonds went up from 5.758 percent to end at 6.032%. Yields for Spanish bonds were also higher, to nearly 6.5 percent, In the meantime, ratings agency Fitch has...

HTC shares have dropped 7 percent on c following the firm’s decision to lower its sales and profit predictions for the second quarter. The firm says it expects to bring in a revenue of NT$91 billion ($3 billion, or £1.9 billion) for that period, which is 13 percent less than its original projection. HTC also slashed its predictions for...

Wall Street shares have witnessed their largest daily jump for 2012 on hopes of a big rescue for Spanish banks, as well as a Federal Reserve report suggesting the American economy was getting back on track. The Dow Jones index finished at 12,415, up 287 points (2.4 percent). European markets also ended higher, as the Paris and London...