Global Markets News

Asia stocks up, dollar rally pauses in relief for emerging markets

HONG KONG Asian stocks rose to three-week highs on Wednesday, supported by gains on Wall Street and growing expectations the dollar may be peaking after a hefty rally since the U.S. election pulled funds out of emerging markets.

Health stocks boost Wall Street; energy a drag |
7:23pm EST
Consumers, exports give U.S. economy muscle in the third-quarter
5:47pm EST
Carrier to keep about 1,000 U.S. factory jobs in deal with Trump
10:02pm EST
Iran, Iraq at loggerheads with Saudis ahead of OPEC meeting |
7:30pm EST
Oil prices edge up in nervous trading ahead of OPEC meeting |
10:25pm EST

FEATURED HEADLINES

Where to invest 2017

Arab development fund to lend Tunisia $1.5 billion by 2020: fund's chief

TUNIS The Arab Fund for Economic and Social Development will provide $1.5 billion in loans to finance projects in Tunisia by 2020, the fund's chief said on Tuesday.

China regulator says supports legitimate, compliant overseas direct investment

China to invest $174 billion in hydro and wind from 2016-2020: NEA

Technology

Facebook users can now play Pac-Man on Messenger app

Cyber Monday sales biggest online shopping day in U.S. history

Uber defends business model, wants to avert strict EU rules

Commodities

North Dakota officials hope to quell pipeline protests with fines

For Apple and others, tin supply chain has ties to rebel-held Myanmar mine

Labor abuses found at Indonesian palm plantations supplying global companies: Amnesty

FXpert

Dollar stalls ahead of potentially market-moving OPEC meeting

Sterling rises as investors cut bets against currency

China forex regulator tightens controls to stem capital outflows - sources

Deals

Exclusive: Albertsons in advanced talks to buy Price Chopper - sources

J&J raises Actelion takeover pressure with higher price: source

Samsung Electronics considers split as investor pressure builds

Companies

Ford takes Fiesta upmarket to lift profitability

U.S. judge delays court hearing on Volkswagen 3.0-liter diesels

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GLOBAL MARKETS-Asia stocks up, dollar rally pauses in relief for emerging markets

HONG KONG, Nov 30 Asian stocks rose to three-week highs on Wednesday, supported by gains on Wall Street and growing expectations the dollar may be peaking after a hefty rally since the U.S. election pulled funds out of emerging markets.

10:48pm EST

Ford takes Fiesta upmarket to lift profitability

COLOGNE, Germany, Nov 30 Ford wants to raise profitability in Europe by adding higher-margin versions of the Fiesta subcompact, its best-selling regional model, the carmaker's top European executive said.

10:31pm EST

Morning News Call - India, November 30

To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_11302016.pdf If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/ FACTORS TO WATCH 11:00 am: Winter session of parliament continues in New Delhi. 5:00 pm: Government to release October infrastructure output data in New Delhi. 5:30 pm: Government to release July-September GD

10:14pm EST

UPDATE 2-Carrier to keep about 1,000 U.S. factory jobs in deal with Trump

Nov 29 United Technologies Corp has reached a deal with President-elect Donald Trump and Vice President-elect Mike Pence to keep 1,000 jobs at its Carrier unit's air conditioner plant in Indianapolis, roughly halving the number of U.S. jobs it planned to move to Mexico.

10:02pm EST

UPDATE 1-Labour abuses found at Indonesian palm plantations supplying global companies -Amnesty

* Children as young as 8 work in "hazardous" conditions - Amnesty

9:28pm EST

Exxon Louisiana refinery poorly maintained, environmentalists say

HOUSTON, Nov 29 A Louisiana environmental group said on Tuesday that ExxonMobil Corp's Baton Rouge, Louisiana, refinery, where four workers were burned in a Nov. 22 fire, has been poorly maintained for years.

9:25pm EST

UPDATE 2-Trump expected to name former Goldman banker Mnuchin for Treasury - source

WASHINGTON, Nov 29 President-elect Donald Trump is expected to name former Goldman Sachs partner and Hollywood financier Steven Mnuchin as his nominee for Treasury secretary, a source said on Tuesday, putting a Wall Street veteran in the top U.S. economic Cabinet post.

9:21pm EST

Palm oil industry watchdog lax on human rights - critics

KUALA LUMPUR, Nov 30 Human rights abuses at palm oil plantations are going unpunished by the industry watchdog due to weak rules, critics say, as an Amnesty International report on Wednesday exposed severe violations at Indonesian plantations.

9:18pm EST

Nikkei edges up on Wall St, gains limited before OPEC meeting

TOKYO, Nov 30 Japanese stocks edged up on Wednesday morning on the back of Wall Street's strength, but gains were limited as most investors stayed on the sidelines ahead of an OPEC meeting to decide on production cuts and a crucial referendum in Italy.

9:10pm EST

MOVES-Trump's likely pick for Commerce Sec. Ross familiar face in loan market

NEW YORK, Nov 29 (TRLPC) - President-elect Donald Trump's expected pick for Commerce Secretary Wilbur Ross, the distressed investor and billionaire financier, is a familiar face to long-time participants in the $860 billion leveraged loan market.

8:45pm EST

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European shares lifted by stronger Italian banks, Actelion rally

MILAN/LONDON, Nov 29 European shares rose slightly on Tuesday, helped by a strong rebound in Italian banks, while reports of a improved takeover offer sent Swiss biotech Actelion rallying to a fresh all-time high.

12:53pm EST

Italian bond yields fall, shares rise on report of ECB help post referendum

LONDON, Nov 29 Italian bond yields fell to a one-week low and shares extended their gains on Tuesday after a Reuters report that the European Central Bank stands ready to buy more Italian bonds if a referendum this weekend rocks markets.

7:31am EST

European shares steady as firmer banks offset weaker miners

LONDON, Nov 29 European shares steadied on Tuesday after finishing lower in the previous session, with banks stronger but miners down on a fall in industrial metals prices.

5:42am EST

Miners drag down European shares, Actelion slumps

LONDON, Nov 29 European shares extended the previous session's losses on Tuesday, with commodities-related stocks coming under renewed selling pressure after a sharp decline in metals and oil prices.

3:20am EST

European shares fall, banks knocked by Italy jitters

MILAN/LONDON, Nov 28 European shares fell on Monday, weighed down by a drop in banks which were led lower by Italian lenders which hit their lowest point since end-September on continued worries over a cash call at troubled lender Monte dei Paschi.

Nov 28 2016

European shares end near two-week high, helped by pharma M&A hopes

MILAN/LONDON, Nov 25 European shares rose slightly on Friday, nearing their highest level in over two weeks, as the market was supported by a rally in drugmakers on hopes of tie-up activity in the sector.

Nov 25 2016

European shares head for 3rd week of gains, Actelion leads

LONDON, Nov 25 European shares edged higher on Friday, heading for their third straight week of gains, with drugmakers leading the market after Swiss biotechnology firm Actelion surged on a report of a takeover approach by Johnson & Johnson.

Nov 25 2016

European shares edge lower but head for 3rd week of gains

LONDON, Nov 25 European shares edged lower in early trading on Friday, with weaker oil prices hurting energy stocks and Italian lenders dragging down European banking index.

Nov 25 2016

European shares edge up in quiet day led by Vestas, Domino's Pizza

LONDON/MILAN, Nov 24 European shares edged up on Thursday, remaining within a recent range, as a boost from healthcare stocks was partly offset by weak telecoms and utilities.

Nov 24 2016

European shares edge up, with chemicals in demand

LONDON, Nov 24 European shares edged up on Thursday, remaining within a recent range, as a boost from chemical and insurance companies was partly offset by weak telecoms and utilities.

Nov 24 2016

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FOREX-Dollar stalls ahead of potentially market-moving OPEC meeting

* Dollar little changed, fails to get lift from upbeat US data

7:28pm EST

BRIEF-Euronet Worldwide sees Q4 adj earnings $0.98-$1.00 per share

* Euronet Worldwide updates fourth quarter 2016 guidance due to cash supply shortage in india and changes in foreign currency exchange rates

7:09pm EST

GLOBAL MARKETS-Stocks edge up on U.S. data, healthcare sector; oil flops

* Wall Street gets lift from U.S. growth data, healthcare sector

4:20pm EST

FOREX-Dollar slips as rally stalls after strong U.S. data

* OPEC meeting, Italian referendum, Fed meeting eyed (Updates to late U.S. market trading, adds quote)

3:50pm EST

PRECIOUS-Gold slides as market looks to Fed rate rise

* Investors favor risk assets such as equities * Rising yields make U.S. Treasuries more attractive (Updates prices; adds comment, byline, datelines) By Marcy Nicholson and Pratima Desai NEW YORK/LONDON, Nov 29 Gold prices fell on Tuesday due to expectations of rising U.S. interest rates and improving sentiment for global economic growth, which mean investors are likely to favor risk assets such as equities. Bullion prices came off their lows as the U.S. dollar turned negative against a basket of six major currencies. Spot gold was down 0.4 percent at $1,188.30 an ounce by 2:22 p.m. EST (1922 GMT), from a session low at $1,180.85. U.S. gold futures settled down 0.2 percent at $1,187.90. The U.S. Federal Reserve is widely expected to raise rates in December, which could boost the U.S. currency, making commodities more expensive for non-U.S. buyers. The dollar hit an almost 14-year peak last week. "Gold is struggling here with the higher dollar and better sentiment for growth," said Danske Bank analyst Jens Pederson. "Rising bond yields means it's cheaper to buy U.S. Treasuries, which, like gold, are viewed as a risk-free asset." However, government bonds, unlike gold, earn interest. Expectations of stronger growth after U.S President-elect Donald Trump takes office in January have also helped equity markets since the election earlier this month. "After the election people are thinking we're going to get a few more years of growth and stronger equities," said Andrew Cole, a fund manager at Pictet Asset Management. "Gold's losses are not surprising given the dollar." Analysts said doubts about whether Italian Prime Minister Matteo Renzi will win a referendum on Sunday on constitutional reform have not, as some had expected, countered negative sentiment toward gold. But the Italian vote and Austria's presidential election also on Sunday cannot be ignored. On the technical front, traders say a break of a Fibonacci support level at $1,171.76 last week means gold could see lower levels over coming weeks. Spot palladium rose by as much as 1.4 percent to $766.20 an ounce, the highest since June 2015. It was on track to close November up 23 percent, the biggest monthly gain since February 2008. "The white metal is likely to retain near-term support and hence we raise our short-term trading range to $650-$810 an ounce from $575-$720/oz previously," said UBS Wealth Management Research in a note. "Mine supply is forecast to be flat this year and next, while demand in autocatalysts should expand at a solid pace, likely making 2017 the sixth consecutive deficit year." Silver up 0.12 percent at $16.65 an ounce, while platinum lost 0.7 percent at $916.60. (Additional reporting by Apeksha Nair and Nallur Sethuraman in Bengaluru; editing by Louise Heavens and Tom Brown)

2:38pm EST

GLOBAL MARKETS-Stocks rise on upbeat U.S. GDP data; oil tumbles

* Wall Street gets lift from U.S. growth data, healthcare sector

2:06pm EST

FOREX-Dollar retraces early gains as investors consolidate positions

* Dollar hit nearly 14-year high on Thursday, has fallen since

11:48am EST

GLOBAL MARKETS-Stocks firm, oil sags on doubts over supply deal

* Dollar falls; low-rated euro zone bond yields fall (Updates market action, changes dateline, previous LONDON)

11:16am EST

GRAPHIC-Emerging market storm shifts from Mexico to Turkey

LONDON, Nov 29 A financial market crunch in Mexico following Donald Trump's shock election win this month may have masked Turkey's greater vulnerability to the risk of U.S. protectionism, deteriorating world trade and the resulting fallout for emerging economies.

10:40am EST

FOREX-Dollar back on upward track against yen, euro

* Trading desks brace for month-end shift after bond sell-off

8:31am EST

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Market Data

STOCKS
BONDS
CURRENCIES
COMMODITIES

S&P » 2,204.66 USD +0.13% Dow » 19,121.60 USD +0.12% FTSE 100 » 6,772.00 GBP -0.40% Nikkei 225 » 18,305.95 JPY -0.01%

Name	Yield	Change
US 10YR	+2.307 10:30pm EST	+0.005
DE 10YR	+0.221 12:59pm EST	-0.006
JP 10YR	+0.020 9:00pm EST	+0.006

11:04pm EST

Name	USD	EUR	JPY
USD	1	1.0631	0.0089
EUR	0.9406	1	0.0083
JPY	112.6500	119.8200	1

Index	Last	Chg
Gold	1,188.20 USD 10:41pm EST	+0.30 Exp: Dec2016
Copper	2.55 USD 10:48pm EST	-0.04 Exp: Nov2016
Crude Oil	45.53 USD 10:53pm EST	+0.30 Exp: Dec2016