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  • *Wall Street rebounds after Fed decision. NEW YORK, July 27- The yen eased against the dollar on Wednesday after Japan unveiled a surprisingly large $265 billion stimulus package, while U.S. equity markets rebounded following the Federal Reserve's decision to leave interest rates unchanged. The Fed's statement was broadly constructive about the economy and...

  • NEW YORK, July 27- Oil prices tumbled 3 percent on Wednesday, with U.S. crude futures hitting three-month lows, as U.S. crude and gasoline stocks surged on weak demand during the peak summer driving season. The U.S. Energy Information Administration said crude stockpiles soared 1.7 million barrels last week, instead of falling 2.3 million barrels as forecast.

  • NEW YORK, July 27- Oil prices tumbled 3 percent on Wednesday, with U.S. crude futures hitting three-month lows, as U.S. crude and gasoline stocks surged despite the peak summer driving season as weak demand and profits forced refinery cutbacks. The U.S. Energy Information Administration said crude stockpiles soared 1.7 million barrels last week, instead of...

  • NEW YORK, July 27- Oil prices tumbled as much 3 percent on Wednesday, with U.S. crude futures hitting three-month lows, as U.S. crude and gasoline stocks surged despite the peak summer driving season as weak demand and profits forced refinery cutbacks. The U.S. Energy Information Administration said crude stockpiles rose 1.7 million barrels last week, instead of...

  • LONDON/ MILAN, July 27 (Reuters)- European shares rose on Wednesday with the market underpinned by well-received earning updates from companies including Peugeot and LVMH, while Deutsche Bank fell after a poor update. German carmakers including Volkswagen rose, helping the auto-heavy German index DAX recover all the losses it made since UK's shock vote to...

  • NEW YORK, July 27- Oil prices tumbled 2 percent on Wednesday, hitting two-month lows, after a surprise build in U.S. crude and gasoline inventories despite the peak summer driving season as refiners cut production amid faltering demand and profits. Brent was down $1.05, or 2.3 percent, at $43.82 a barrel by 11:49 a.m. EDT after hitting $43.62 earlier, its lowest...

  • *Europe shares rise, Deutsche Bank down on revenue fall. *Japan stimulus lifts Asia shares, drives yen lower. LONDON, July 27- Stocks rose in Europe and Asia on Wednesday while the yen sank against the dollar, after Prime Minister Shinzo Abe said his government would present a $265 billion stimulus package to reflate the Japanese economy.

  • COPENHAGEN, Denmark— Norwegian oil and gas company Statoil ASA posted a loss in the second quarter, pushing it to rein in investment this year. The state-controlled company on Wednesday reported a net loss of $302 million, from a profit of $866 million for the same period a year ago. Statoil shares fell 4.7 percent to 137.80 kroner in morning trading in Oslo.

  • *Japan stimulus lifts Asia shares, drives yen lower. LONDON, July 27- Stocks rose in Europe and Asia on Wednesday while the yen sank against the dollar, after Prime Minister Shinzo Abe said his government would present a $265 billion stimulus package to reflate the Japanese economy. Germany's DAX index rose 0.8 percent and has recouped all losses incurred since...

  • *France's Ingenico Group slumps after H1 results. LONDON, July 27- European shares rose on Wednesday, led higher by auto stocks and several companies such as luxury group LVMH and France's Peugeot that advanced after their results. France's LVMH was up 7.5 percent after its fashion and leather Q2 sales beat forecasts, helped by solid demand in the United States...

  • LONDON, July 27- Emerging stocks touched 11- month highs on Wednesday, boosted by news of additional Japanese stimulus and shrugging off a sharp drop in mainland shares in China, where fears of a fresh regulatory crackdown are weighing. Some nerves were jangled by a 2 percent fall in Shanghai- listed shares, which posted their worst day in six weeks while the...

  • KEEPING SCORE: Japan's Nikkei 225 rose 1.7 percent to 16,664.82 and Australia's S&P/ASX200 was down less than 0.1 percent at 5,537.20. Hong Kong's Hang Seng index gave up early gains, falling 0.2 percent to 22,085.99 and South Korea's Kospi fell 0.1 percent to 2,025.05. Stocks in mainland China also fell but shares in Taiwan, Singapore and Indonesia were...

  • HONG KONG, July 27- Asian stocks settled near one-year highs on Wednesday while the safe-haven yen slumped after Japan's government announced a larger-than-expected economic stimulus package, which led most of the region's bourses higher. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 percent, reversing earlier gains, having...

  • *Relatively upbeat U.S, European stocks shore up Asia. HONG KONG, July 27- Asian stocks climbed to fresh near one-year highs and the Japanese yen weakened on Wednesday as awaited central bank meetings this week that could see fresh stimulus in Japan and provide clues on U.S. interest rates. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2...

  • *Yen bullish as hopes placed on Japan stimulus fade. The safe-haven yen sat atop large gains as hopes for a large fiscal stimulus package out of Japan faded. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent.

  • They seem to be setting themselves up for at least being able to meet or beat expectations in the future by addressing it now, "said Jim Corridore, analyst at S&P Global Market Intelligence. Caterpillar said global uncertainty persists, and the recent vote in Britain to leave the European Union and the attempted coup in Turkey have heightened risks, especially in...

  • NEW YORK/ LONDON, July 26- Gold rose on Tuesday as the dollar fell, but remained hemmed into a range at the start of a two-day U.S. Spot gold was up 0.4 percent at $1,319.96 an ounce by 2:35 p.m. EDT, while U.S. gold futures for August delivery settled up $1.30, or 0.1 percent, at $1,320.80. The Fed will release a statement on Wednesday at 2 p.m. EDT.

  • Adds details, closing prices) Adds details, updates prices). LONDON, July 26 (Reuters)- Gains in major healthcare and consumer goods stocks propped up European equities on Tuesday, partly offsetting persistent concerns over the region's banking system. Berkeley Futures associate director Richard Griffiths said those stocks were benefiting from being...

  • Caterpillar said global uncertainty persists, and the recent vote in Britain to leave the European Union and the attempted coup in Turkey have heightened risks, especially in Europe. The world's largest construction and mining equipment maker, lowered its full-year 2016 sales outlook to a range of $40 billion to $40.5 billion, from $40 billion to $42 billion.

  • Adds details, closing prices) Adds details, updates prices). MILAN/ LONDON, July 26 (Reuters)- Gains in major healthcare and consumer goods stocks propped up European equities on Tuesday, offsetting persistent concerns over the region's banking system. Berkeley Futures associate director Richard Griffiths said those stocks were benefiting from being...