|Bid||121.66 x 30000|
|Ask||122.35 x 30000|
|Day's range||118.71 - 121.01|
|52-week range||86.57 - 129.07|
|PE ratio (TTM)||36.50|
|Forward dividend & yield||1.23 (1.01%)|
|1y target est||N/A|
U.S. Treasury yields breaking through 3 percent and profit warnings from U.S. companies pushed emerging stocks to a ten week low and knocked currencies on Wednesday, while Turkish markets awaited a key interest rate decision. MSCI (Frankfurt: 3HM.F - news) 's benchmark emerging equities index fell 0.9 percent to February lows. Stocks in Asia racked up hefty losses with Hong Kong closing 1 percent lower while bourses from Russia to South Africa traded well into the red.
Saudi Arabian stocks are trading at the most expensive level since 2015 relative to emerging markets as foreign investors continue buying into a potential status upgrade by MSCI Inc. as oil surges. The Tadawul All Share Index is trading at 15 times estimated earnings per share for the coming year, versus 12 times for the MSCI Emerging Markets Index. As of April 19, foreign investors were net buyers of Saudi stocks for the 16th straight week.
Saudi Arabia is delaying the initial public offering of its stock exchange on hopes that a potential MSCI Inc. upgrade could boost its value, according to people with knowledge of the matter. The Tadawul, as the Middle East’s biggest stock exchange is known, has pushed back plans to sell shares to 2019 at the earliest, from this year, said the people, asking not to be identified because the information is private. The exchange is hoping that waiting until after a possible classification as an emerging market in June could improve trading volumes and help it achieve a better valuation for its owner, the Public Investment Fund.
Higher U.S. Treasury yields, a firmer dollar and softer commodity prices put some pressure on emerging markets on Monday with stocks at their lowest in nearly a week and currencies weakening. MSCI's emerging ...
Theme-park owner DXB Entertainments PJSC, whose stock has tumbled more than 30 percent this year, could be poised for a deeper slide starting next month.
World stocks dipped on Friday amid weakness in the energy sector and as worries about a global slowdown in smartphone demand dented the technology sector, while oil prices fell after U.S. President Donald ...
Emerging markets ended the week on a sour note with tech stocks taking a tumble following a warning over smartphone demand while steadily climbing U.S. yields and a stronger dollar weighed on currencies. MSCI (Frankfurt: 3HM.F - news) 's emerging market benchmark snapped a three day winning streak to fall 1 percent, dragged lower by a more than 2 percent drop in emerging IT stocks. The losses came in the wake of the world's largest contract chipmaker Taiwan Semiconductor Manufacturing cutting its revenue target to the low end of forecasts and blaming softer demand for smartphones, which sent its shares tumbling more than 6 percent.
World stocks dipped on Friday but were set for a second week of gains after a strong start to the global corporate earnings season, while a rally in commodity prices fizzled out. Losses by the tech sector in Asia and profit-taking among mining stocks in Europe contributed to the overall losses. The index is still on track for a 1 percent gain this week, as global markets recover from a turbulent first quarter which saw the return of volatility, trade tensions between the U.S. and China, and tensions in the Middle East.
Tobacco and tech stocks dragged down Wall Street on Thursday, while oil prices softened and other commodities walked back huge gains after a wild ride. A bump in long-dated U.S. Treasury yields steepened ...
Talk that Saudi Arabia has its sights on $80-$100 a barrel oil again and of more U.S. sanctions on Russia triggered wild swings in trading of commodities on Thursday, though the potential boost to inflation hit fixed-income assets. Wall Street equity indexes fell in choppy trading on a broad-based slump in technology stocks and a tumble in consumer staples, while higher bond yields supported a steady U.S. dollar. After Brent crude futures climbed past $74 a barrel overnight, the Thomson Reuters CoreCommodity total return index opened on Thursday near its highest level since mid-2015, before giving back all its gains.
Talk that Saudi Arabia has its sights on $80-$100 a barrel oil again and of more U.S. sanctions on Russia ignited a rally in commodities and resource stocks on Thursday, though the potential boost to inflation hit fixed-income assets. It was set to be the strongest day for the commodity complex in eight months as Brent crude futures climbed past $74 a barrel after a near 3 percent jump overnight.
A commodities rally helped lift emerging market stocks to a three-week peak on Thursday after Saudi Arabia was reported to be seeking oil prices as high as $100 a barrel, but Turkey's lira slipped after ...
Talk that Saudi Arabia has its sights on $80-$100 a barrel oil again ignited a fierce rally in commodities and resource stocks on Thursday, though the potential boost to inflation globally put some pressure on fixed-income assets. It was set to be the strongest day for the commodity complex in eight months as Brent crude futures climbed past $74 a barrel after a near 3 percent jump overnight. The surge came on a Reuters report that OPEC's new price hawk Saudi Arabia would be happy for crude to rise to $80 or even $100, a sign Riyadh will seek no changes to a supply-cutting deal even though the agreement's original target is now within sight.
China's surprise central bank move, signs of easing geopolitical tensions and progress in U.S.-North Korea relations helped emerging stocks climb higher on Wednesday though currencies fared more mixed. MSCI (Frankfurt: 3HM.F - news) 's emerging market index added 0.3 percent in a second day of gains with much of the momentum coming from Asian bourses where heavyweight South Korea ended the day 1 percent higher while Hong Kong and mainland China bourses were not far behind. China's central bank unexpectedly cut the ratio of cash banks hold as reserves though attached conditions on how funds would have to be used, freeing up lending for small firms even though this stopped short of broad monetary easing.
Decades of graduations, demotions, rallies and retreats, have left the world’s $12.5 trillion of emerging-market debt and equities facing a bit of an identity crisis. Nations as dissimilar as Pakistan, Greece, South Korea and Chile are considered members of the asset class, according to MSCI Inc. Declining inflation rates and receding currency risks have some banks including Goldman Sachs Group Inc. saying the lines have blurred with developed nations. The composition may get further shaken up next month, when MSCI releases its semi-annual index review, prompting some analysts to ask: What exactly is an emerging market?
Decades of graduations, demotions, rallies and retreats have left the world’s $12.5 trillion of emerging-market debt and equities facing a bit of an identity crisis. Nations as dissimilar as Pakistan, Greece, South Korea and Chile are considered members of the asset class, according to MSCI Inc. Declining inflation rates and receding currency risks have even got some banks including Goldman Sachs Group Inc. saying the lines have blurred with developed nations. The problem is that the signposts are so scattered, said Sonja Gibbs, a senior director at the Institute of International Finance, a trade group created during the international debt crisis of the early 1980s.
Russian stocks and bonds rallied on Tuesday as the U.S. held off imposing fresh sanctions, though geopolitical tensions remained high and forecast-beating Chinese data did little to cheer markets with ...
Wall Street closed higher on Monday as investors appeared less concerned about possible retaliation for U.S.-led missile strikes on Syria, and the yield curve reached its flattest level in over a decade. The bombing in Syria looks to be an event rather than an ongoing thing and it was a coalition," said Jeffrey Carbone, managing partner, Cornerstone Wealth, in Huntersville, North Carolina. The news flattened the spread between five- and 30-year Treasury bonds to 34.6 basis points, the lowest in over 10 years.
Wall Street added to gains on Monday while oil and government bond prices fell on the view that this weekend's U.S.-led missile strikes on Syria were unlikely to mark the start of a broader conflict. The pan-European FTSEurofirst 300 index lost 0.46 percent.
When Facebook’s share price tumbled last month following reports that a U.K. consulting firm had improperly obtained profile information of 87 million users, many investors were stunned.
Oil prices fell sharply and government bond yields rose on Monday on the view that this weekend's U.S.-led missile strikes on Syria were unlikely to mark the start of a broader conflict. European shares eased, however, adding to a mixed picture from Asian stock markets and suggesting that a degree of caution prevails. While last week's bid for investment safety in top-rated government bonds unwound, other traditional safe-haven bets held firmer.
Nervousness about new Western sanctions on Russia kept the rouble and Moscow stocks on the back foot on Monday, while emerging markets were weak generally after the latest clamp-down on risky lending in China hit its markets. A host of stories were unfolding, including Hong Kong dollar pressure, political strains in Kenya and Zambia, and a surprise ratings upgrade for Poland, but it was the swings in Russia that again dominated the markets' focus.
Investors shed safe-haven assets such as gold and government bonds while oil prices plummeted on Monday on expectations that the weekend's missile attacks on Syria would not mark the start of greater Western involvement in the conflict there. European shares were broadly flat, however, adding to a mixed picture in Asian stock markets and suggesting that a degree of caution still prevails. "There is some relief that a direct confrontation between the U.S. and Russia over Syria has been avoided," said DZ Bank rate strategist Daniel Lenz, after Russian President Vladimir Putin warned on Sunday that further Western attacks in Syria would bring chaos to world affairs.
A gauge of stocks across the world eased on Friday but was on track to end the week with its strongest performance in five, while oil prices extended recent gains that drove them to highs not seen since ...