Tag: REP
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Toronto stock market gains as energy, mining shares rise
TORONTO, March 28 (Reuters) – Canada’s main stock index ended marginally firmer on Tuesday, led by energy and materials, while Lundin Mining Corp (LUN.TO) hit a three-week high on buying a majority stake in a copper mine. The Toronto Stock Exchange’s S&P/TSX composite index (.GSPTSE) closed up 32.79 points, or 0.2%, at 19,657.53. “The big ... -
C$ notches 3-week high amid move back into riskier currencies
Canadian dollar strengthens 0.4% against greenback Touches strongest level since March 7 at 1.3602 Price of U.S. oil settles 0.5% higher Canadian bond yields rise across flatter curve TORONTO, March 28 (Reuters) – The Canadian dollar strengthened to a three-week high against its U.S. counterpart on Tuesday as easing of banking sector stress reduced demand ... -
South African mining sector lifts local stocks, rand firms
JOHANNESBURG, March 28 (Reuters) – South African mining stocks rose on Tuesday on the back of a weaker dollar and bigger risk appetite from investors, while local currency rand strengthened. Even though a buyout of the beleaguered Silicon Valley Bank helped calm investors’ nerves, safe haven gold continued to lure investors, while positive demand outlook ... -
Softer dollar buoys gold, but banking optimism limits safe-haven appeal
Gold might retest support at $1,945/oz – technicals U.S. dollar down 0.2% Global stocks rise on Tuesday March 28 (Reuters) – Gold prices rose on Tuesday as the dollar slipped, although an improvement in risk appetite after efforts by regulators to allay fears over the global banking system limited the safe-haven metal’s appeal. Spot gold ... -
Morning Bid: U.S. bank deal allays systemic fears
March 28 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets could rebound on Tuesday from their sluggish start to the week, after a deal to buy the assets of stricken U.S. bank Silicon Valley Bank (SVB) prompted a relief rally in financials and allayed fears of deeper ... -
Canadian dollar posts biggest gain in 2 weeks as oil surges
Canadian dollar strengthens 0.7% against the greenback Trades in a range of 1.3653 to 1.3745 Price of U.S. oil settles 5.1% higher Canadian bond yields rise sharply across curve TORONTO, March 27 (Reuters) – The Canadian dollar strengthened against its U.S. counterpart on Monday, notching up its biggest advance in two weeks, as signs of ... -
INDIA RUPEE Rupee does better than peers, importers advised to hedge
MUMBAI, March 27 (Reuters) – The Indian rupee rose against the U.S. currency on Monday, helped by likely dollar inflows and healthier risk, traders said. The rupee last traded at 82.37 to the dollar, up from 82.48 in the previous session. The local currency held an 82.2775 to 82.4250 range. Meanwhile, other Asian currencies declined. ... -
Morning Bid: Banks are leaking money
A look at the day ahead in European and global markets from Wayne Cole It’s been a quiet Monday so far with Asian share markets mixed but U.S. and European stock futures higher, perhaps because they got through a weekend without another bank collapsing. There is some relief that First Citizens BancShares Inc (FCNCA.O) is ... -
Oil prices climb in relief rally as banking concerns ease
SINGAPORE, March 27 (Reuters) – Oil prices climbed in early trade on Monday as concerns over turmoil in the banking sector eased, while comments by Russian President Vladimir Putin over the weekend ratcheted up geopolitical tensions in Europe. Brent crude futures gained 33 cents, or 0.4%, to $75.32 a barrel at 0040 GMT. U.S. West ... -
Asia wary, US stock futures up on SVB reports
Asian stock markets : Nikkei up 0.1%, S&P 500 futures rises 0.5% Eyes on Deutsche Bank, credit default swaps Deposits flow to money market funds from banks SYDNEY, (Reuters) – Asian shares followed U.S. stock futures higher on Monday on hopes authorities were working to ring fence stress in the global banking system, even as ...
