February 8, 2016/Reuters By Caroline Valetkevitch U.S. stocks dropped on Monday as concern over global growth hit banks and other economically sensitive shares, but a late rally in energy shares left the market well above its lows of the day. European banks led a global selloff in financial shares as […]
Tag: Stocks
GLOBAL MARKETS-Yuan drops most in 3 years, Wall Street near all-time high
* Yuan sees biggest drop in almost three years after PBOC moves * Contrasts with world stocks at 6-year high; Wall St opens at peak * Gold holds recent gains, major currencies rangebound The repatriation of investors’ cash into developed markets was underscored on Tuesday as Wall Street opened […]
World indexes finish vintage year, more gains seen in 2014
Stock closed 2013 by setting record highs and world equity markets ended at six-year peaks on Tuesday, while benchmark bond yields posted their first annual rise since 2009. Ultra-easy monetary policies and an improving economic outlook worldwide led to a stellar year for stocks. Equity strategists see the gains continuing […]
