|Bid||142.97 x 100|
|Ask||158.96 x 100|
|Day's range||146.45 - 149.35|
|52-week range||96.12 - 159.98|
|PE ratio (TTM)||45.08|
|Earnings date||3 May 2018|
|Forward dividend & yield||1.52 (1.02%)|
|1y target est||158.83|
A gauge of global equities suffered its longest losing streak this year on Wednesday as 10-year U.S. Treasury yields again scaled the 3 percent mark, stoking concerns about rising costs that could dampen corporate profits. The benchmark 10-year note yield edged up to 3.035 percent for a second day as jitters about growing federal borrowing spurred more selling in U.S. government debt. The climb in yields has dented demand for equities, with major Wall Street indexes dropping more than 1 percent on Tuesday.
Shares (Berlin: DI6.BE - news) were on their way to the longest losing streak of the year on Wednesday, as an advance in U.S. bond yields beyond 3 percent and warnings from top global firms about rising costs fed fears that a boom in earnings may have peaked. All eyes will be on the scandal-hit social media firm Facebook later when it reports its results, though there was plenty to keep investors occupied till then. Tech-heavy Taiwan (Taiwan OTC: 6549.TWO - news) shares had hit two-month lows as worries about a slowdown in gadget demand spread, while oil firms also eased as crude prices came off 3-1/2 year highs.
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.
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.
MSCI Inc. , a leading provider of research-based indexes and analytics, today announced that it will release its results for first quarter 2018 on Thursday, May 3, 2018.
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.
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?
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.
World stocks and commodities rose on Friday, with stocks set to post their biggest weekly gain in over a month as investors seemed to shrug off the uncertainty over tension in the Middle East and the prospect of a global trade war. Global stock markets have had a whipsaw week, largely fuelled by U.S. President Donald Trump's tendency to change his mind over key policy and political issues.
The MSCI Inc, a provider of research-based indexes and analytics, said it may delete Sulzer from its MSCI Equity Indexes after the Swiss engineer's largest shareholder, Renova Holdings, was included on the new U.S. sanctions list. The MSCI, used by investors globally to decide on investment strategies, said it would not add the 14 firms on the list to the MSCI Equity Indexes until further notice. "Additionally MSCI will delete from the MSCI Equity Indexes any securities of companies subject to the new sanctions under OFAC's '50 percent rule'," it said.
MSCI Inc. , a leading provider of research-based indexes and analytics, announced today that it has completed the sale of Financial Engineering Associates, Inc., to Allegro Development Corporation, a global leader in Commodity Management software and solutions.
Foreign investors bought more Saudi stocks in March than ever before in anticipation of the kingdom’s upgrade to emerging-market status.
As Saudi Arabia celebrates its first ever emerging-market classification by a major index compiler, history suggests the market may be headed for a retreat.
China’s markets have been turned upside down this year as the prevailing narrative shifted from deleveraging to trade wars, creating headaches for investors positioning ahead of MSCI Inc. inclusion in ...
DUBAI/NEW YORK, March 28 (Reuters) - The Saudi Arabian stock market will join FTSE Russell's emerging market index starting in March next year, the company said on Wednesday, a move expected to draw billions of dollars of fresh foreign portfolio investment to the kingdom. Many equity funds around the world benchmark themselves against the index, and they will need to buy Saudi stocks when the change takes effect.
MSCI Inc. will replace CSRA Inc. on the S&P 500 index , according to S&P Dow Jones Indices late Wednesday. MSCI shares were down 0.2% after hours, following a 2.3% decline to close at $150.55. S&P said ...
Saudi Arabia won classification as an emerging market by a major index compiler for the first time, a key step toward the kingdom’s goal of attracting billions in additional stock investor inflows.
The head of Saudi Arabia’s stock exchange says she’s "very optimistic" that FTSE Russell will decide to add the kingdom to its list of emerging markets, a decision that could draw billions of ...
Easing trade war nerves and a weaker dollar lifted emerging market shares for a second day running, sent China's yuan to a two-1/2 year high and gave Indian bonds their best day in four years on Tuesday. The Indian rally followed a surprise cut in the government's borrowing programme, while the high for the yuan added to signs that, for now at least, Beijing is not looking to inflame tensions with Donald Trump's White House.
China needs to further open its capital markets and create a level playing field for foreign investors while allowing more risk-hedging tools in the country's markets, the head of an Asian securities industry body said on Tuesday. Mark Austen, CEO of Asia Securities Industry & Financial Markets Association (ASIFMA), said China's imminent MSCI inclusion added urgency to further reforms, but added Beijing's recent government restructuring could help reduce "turf battles" between regulators. "What we're seeing in China is that reforms in the capital markets have a life of their own, because they're really there to essentially fuel economic growth in China, and help deal with issues around deleveraging," Austen told Reuters in an interview.