World Anti-Doping Agency president Craig Reedie said Thursday the body could lift its suspension of Russia’s drug-testing authority later this year after nearly two years on the blacklist.The Russian Anti-Doping Agency (RUSADA) has been suspended since…
Day: May 18, 2017
All Blacks assistant coach Wayne Smith announced Friday he was leaving the world champions, saying he needed to “take a break” from the game.The widely respected Smith, part of the brains trust that helped guide New Zealand to back-to-back World Cups, …
Unbeaten double world junior welterweight champion Terence Crawford defends his crowns against former Olympic champion Felix Diaz on Saturday at New York’s Madison Square Garden.Crawford, 30-0 with 21 knockouts, will try to retain the World Boxing Coun…
The European Union Thursday said telecom company Altice breached EU rules by prematurely taking over Portugal Telecom (PT) without full clearance from regulators.The European Commission can fine the company up to 10 percent of its annual worldwide turn…
The Greek parliament late Thursday adopted a new round of austerity cuts which the government hopes will secure a pledge of debt relief and loan disbursements by EU-IMF creditors this month.The bill entails 4.9 billion euros ($5.4 billion) in pension c…
US stocks recovered some of their losses on Thursday from the prior session’s rout, but European and Asian markets retreated on worries about the prospects for implementation of President Donald Trump’s agenda.
Wall Street investors took advantage of lower prices for Apple, Amazon, Facebook and other sought-after equities that were depressed after Wednesday’s rout, lifting the tech-rich index 0.7 percent, a bit more than the gain in the Dow and S&P 500.
But European and Asian bourses fell, with analysts pointing to unease over a string of Trump scandals and stumbles that have thrown his plan for tax cuts and other growth initiatives into doubt.
“European equities are now fully entangled in the Trump-related sell-off. Yesterday the US market bore the brunt of the move but now it has gone global,” said David Madden, analyst at traders CMC Markets UK.
“Trump Dump!!” tweeted Mati Greenspan, senior markets analyst at eToro in Tel Aviv.
Art Hogan, chief market strategist at Wunderlich Securities, said Thursday’s gains in the US were a “dead cat bounce” after Wednesday’s losses, and he predicted more volatility ahead.
“The reassessment of the agenda being pushed out will continue to put a lid on stocks,” Hogan said, although while Trump’s plans certainly will be delayed by his problems, they may not be dead.
The dollar also recovered a bit from multi-month lows against the euro.
Among individual US stocks, Wal-Mart Stores jumped 3.2 percent after reporting a rise in sales at US stores and sharp increases in e-commerce growth.
Cisco Systems slumped 7.2 percent after announcing it was cutting 1,100 jobs as it reported weaker-than-expected financial results in the past quarter.
Meanwhile, in Brazil, the Bovespa index plunged 8.8 percent after President Michel Temer was placed under investigation for allegedly agreeing to paying hush money to a jailed politician.
Temer, who came to power following the impeachment of former president Dilma Rousseff, vowed not to resign in a brief televised statement to the nation.
US-traded shares of Petroleo Brasileiro SA Petrobras plunged 16.9 percent in the wake of the scandal.
– Key figures around 2100 GMT –
New York – Dow: UP 0.3 percent at 20,663.02 (close)
New York – S&P 500: UP 0.4 percent at 2,365.72 (close)
New York – Nasdaq: UP 0.7 percent at 6,055.13 (close)
London – FTSE 100: DOWN 0.9 percent at 7,436.42 (close)
Frankfurt – DAX 30: DOWN 0.3 percent at 12,590.06 (close)
Paris – CAC 40: DOWN 0.5 percent at 5,289.73 (close)
EURO STOXX 50: DOWN 0.6 percent at 3,562.25
Tokyo – Nikkei 225: DOWN 1.3 percent at 19,553.86 (close)
Hong Kong – Hang Seng: DOWN 0.6 percent at 25,136.52 (close)
Shanghai – Composite: DOWN 0.5 percent at 3,090.14 (close)
Euro/dollar: DOWN at $1.1105 from $1.1157 at 2100 GMT
Dollar/yen: UP at 111.55 yen from 110.96 yen
Pound/dollar: DOWN at $1.2928 from $1.2967
Oil – Brent North Sea: UP 30 cents at $52.51 per barrel
Oil – West Texas Intermediate: UP 28 cents at $49.35 per barrel
Four automakers including Toyota and BMW agreed Thursday to pay $553 million to settle a US lawsuit over the defective Takata airbags blamed for 11 deaths in the United States alone.The lawsuit filed in late February claimed the carmakers were aware of…
Bangladesh captain Mashrafe Mortaza is happy to go straight back into action on Friday as the Tigers go in search of their first win in the Tri-Series in Dublin.After their first game in the one-day international tournament, a warm-up for next month’s …
Marketplace 99 will hold a special event during their Memorial Weekend Sidewalk Sale on Saturday, May 27th from 11 a.m. to 3 p.m.
Industry leaders shared insights on directing marketing dollars for maximum effect
Registration Opens April 17 for July 24-28 Weeklong Camp in Salinas
Voila! English Study Guide for French Students Hits the Mark
Anyone can say they’re the best place to buy power cables or that they have the best customer service.
American software giant Microsoft held back from distributing a free security update that could have protected computers from the WannaCry global cyber attack, the Financial Times reported Thursday.In mid-march, Microsoft distributed a security update …
President Emmanuel Macron on Friday visits conflict-torn Mali, where French troops have been fighting jihadists for four years, in his first official visit outside Europe after taking power.He will address French soldiers stationed in the city of Gao i…
US southpaw Gary Russell defends his World Boxing Council featherweight crown Saturday against Colombia’s Oscar Escandon but is looking at rival champions Lee Selby of Britain and Leo Santa Cruz.Russell, 27-1 with 16 knockouts, enters the ring before a…
France was ready to deploy a secret crisis plan to “protect the republic” if far-right politician Marine Le Pen had won the election, a French magazine has reported, citing sources. The plan included flooding the streets with police to ma…
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