Global Markets News
Dollar rises to third weekly gain; stocks jump
NEW YORK Global equity markets rose on Friday as investors took in stride the possibility the Federal Reserve may hike interest rates in June, a view that helped U.S. bond yields to rise and lifted the dollar to a third straight week of gains.
Economic data keeps Fed in focus for stocks
NEW YORK Economic data will garner most of the attention next week, with investors placing a heavy weight on a host of reports as they try and determine the likelihood of a rate hike by the U.S. Federal Reserve at its June meeting.
Banks identify possible replacements for U.S. Libor
NEW YORK A group of global banks and clearing houses, working with U.S. regulators, said on Friday it has identified two possible replacements for Libor, the benchmark interest rate for $160 trillion worth of credit for everything from home mortgages to corporate loans.
NY Fed's 'nowcast' estimate of second-quarter GDP rises to 1.7 percent
WASHINGTON The U.S. economy is on track to expand at an annualized rate of 1.7 percent in the second quarter, half a percentage point higher than estimated a week earlier, the New York Federal Reserve said on Friday.
Japan, U.S. remain at loggerheads over yen policy
SENDAI, Japan Japan and the United States remained at loggerheads over exchange-rate policy on Friday with Washington saying yen moves continued to be "orderly," signaling that Tokyo has no justification to intervene in the market to stem yen gains.
Wall Street ends volatile week on high note as tech leads
Wall Street rallied on Friday, led by tech stocks on the back of Applied Materials' strong profit forecast, ending a volatile week on a positive note. | Video
BRIEF-Cogentix medical adjourns May 20, 2016 annual meeting in response to court ruling
* Cogentix medical adjourns may 20, 2016 annual meeting in response to court ruling; adjourned meeting date set for May 24, 2016 at 12:00 p.m. Ct
UPDATE 1-UK Stocks-Factors to watch on May 20
May 20 Britain's FTSE 100 index is seen opening up 62 points, or 1 percent, on Friday, according to financial bookmakers, with futures up 0.9 percent ahead of the cash market open. For more on the factors affecting European stocks, please click on
European shares boosted by banks and mining stocks
* FTSEurofirst 300 index ends up 1.3 percent * Italian bank UniCredit lifted by asset sale talk * Cartier owner Richemont slumps on cautious outlook * Firmer copper prices boost mining stocks
Nikkei rises on weaker yen; investors focus turns to G7 talks
TOKYO, May 20 Tokyo stocks rose on Friday as the dollar held its recent gains on the yen, tempering some of the recent worries over the Japanese currency's strength and the negative impact on exporters.
Hong Kong shares up but trading thin amid U.S. rate hike worries
May 20 - Hong Kong shares followed most other Asian stock markets higher on Friday, but light volumes indicated caution as investors braced for a U.S. interest rate hike possibly as early as next month.
Markets
- U.S.
- Europe
- Asia
- Sectors
| DOW | 17,500.94 |
+
65.54 |
+0.38% |
| S&P 500 | 2,052.32 |
+
12.28 |
+0.60% |
| NASDAQ | 4,769.56 |
+
57.03 |
+1.21% |
| TR US Index | 181.66 |
+
1.31 |
+0.73% |
Sector Summary
| Energy |
+0.68%
|
| Basic Materials |
+0.62%
|
| Industrials |
+0.62%
|
| Cyclical Goods & Services |
+0.85%
|
| Non-Cyclical Goods & Services |
-0.03%
|
| Financials |
+0.74%
|
| Healthcare |
+1.06%
|
| Technology |
+1.32%
|
| Telecoms |
+0.49%
|
| Utilities |
+0.51%
|