Global Markets News
Asian shares look set to advance, oil prices eye $50
TOKYO Asian shares look set to extend their recovery from 12-week lows on Thursday after renewed optimism on European banks' prospects and a rise in oil prices to near $50 a barrel helped lift global shares.
S&P 500 ascends 2 percent in two days
Wall Street rose robustly for a second straight session on Wednesday, helped by higher oil prices and investors becoming more comfortable with the prospect of an interest rate hike as early as next month.
Fed survey lays bare U.S. economic divide
WASHINGTON Almost half of American families say they would struggle to pay for emergency expenses and those with a high school degree or less are most likely to say their well-being has declined, according to a Federal Reserve survey released on Wednesday.
Oil up but backs off $50 target; profit-taking after U.S. drawdown
NEW YORK Oil prices rose as much as 1 percent on Wednesday after the U.S. government reported a larger-than-expected drop in crude stocks for last week, but profit-taking after the data kept prices below the $50 a barrel level that oil bulls had been hoping for.
Brazil to lift limits on foreigners' owning of land
BRASILIA Brazil's government plans to lift current limits on foreign ownership of agricultural land, Secretary of Investment Moreira Franco, the person behind privatization for the new administration, told Reuters on Wednesday.
Fed's Kaplan sees rate hikes soon, Brexit a factor
HOUSTON Dallas Federal Reserve Bank President Robert Kaplan on Wednesday said he would support raising interest rates in the "near future," though a vote by Britain on whether to leave the European Union will weigh on any Fed rate decision in June.
PRESS DIGEST- British Business - May 26
May 26 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
European shares hit new 4-week high, Novo Nordisk leads
LONDON, May 25 European shares climbed to a new four-week high on Wednesday, with Novo Nordisk leading the market higher after a U.S. advisory panel recommended approval of its new diabetes drug, while higher copper prices lifted miners.
European shares hit 4-week high, boosted by banks and oil
* M&S slumps after short-term profit warning (ADVISORY - Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report for more details)
Nikkei hits near 1-month high on weaker yen; Sony soars on outlook
TOKYO, May 25 Japanese stocks rose to a near one-month high on Wednesday as exporters received a boost from a stronger dollar following firm U.S. housing data, while Sony Corp soared after releasing earnings.
Hong Kong shares post best gain in 6 weeks but sustainability in doubt
May 25 - Hong Kong stocks jumped more than 2 percent on Wednesday in their best day in six weeks, inspired by solid overnight gains in U.S. and European markets.
Markets
- U.S.
- Europe
- Asia
- Sectors
| DOW | 17,851.51 |
+
145.46 |
+0.82% |
| S&P 500 | 2,090.54 |
+
14.48 |
+0.70% |
| NASDAQ | 4,894.89 |
+
33.83 |
+0.70% |
| TR US Index | 185.14 |
+
1.28 |
+0.69% |