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  • NEW YORK— Another steep drop in the price of oil weighed on global markets Tuesday. Energy stocks fell as oil giants Exxon Mobil and Chevron reported their worst quarterly results in more than a decade. On Monday, the Institute for Supply Management said its gauge of factory activity pointed to a contraction while China's official survey found that...

  • Pfizer, which plans to buy Botox maker Allergan Inc later this year in a $160 billion deal, said it expected earnings of $2.20 to $2.30 per share in 2016. That would not be much different from $2.20 reported for 2015 and below Wall Street forecasts of $2.36. Pfizer forecast 2016 revenue of $49 billion to $51 billion, up from $48.9 billion in 2015 but shy of Wall Street...

  • European shares led lower by BP and UBS Tuesday, 2 Feb 2016 | 6:17 AM ET

    *FTSEurofirst 300 index falls 1.7 percent. LONDON, Feb 2- European equities fell sharply on Tuesday as crude oil prices slipped again on oversupply concerns and companies such as oil major BP disappointed on the earnings front. BP's dividend is a mile away from being covered by earnings and the market is saying that this is unsustainable, "said Steve Clayton, head...

  • MSCI's emerging market index fell 1.3 percent with bourses across much of Asia, Russia and eastern Europe chalking up losses as oil prices fell for a second straight day towards $33 a barrel. People were hoping that if the RBI wanted to be overly dovish, that would be a sign you would get a bit more support from central banks, "said Rich Kelly, head of global strategy at...

  • Oil struggled to steady, having fallen as much as 7 percent on Monday, and the glum macro mood sweeping back though markets saw European shares follow Asia deep into the red. Britain's FTSE 100, Germany's DAX and France's CAC 40 were down 1.4-1.7 percent as BP's biggest loss in 20 years and plans to cut thousands more jobs dovetailed with rating cuts by S&P for...

  • WRAPUP 2-China shares end higher, yuan fixed firmer Tuesday, 2 Feb 2016 | 2:28 AM ET

    SHANGHAI, Feb 2- Chinese shares ended higher on Tuesday, and the country's central bank guided the yuan to its highest daily fix in almost a month as Beijing sought to keep markets calm heading into the Lunar New Year holidays. The Shanghai Composite Index gained 2.3 percent, while the CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.1...

  • KEEPING SCORE: Europe started lower, with Britain's FTSE 100 down 1.2 percent to 5,985.97. Germany's DAX fell 1 percent to 9,656.78 while France's CAC 40 slipped 1.4 percent to 4,331.20. Benchmark U.S. oil was down 56 cents to $31.06 per barrel in electronic trading on the New York Mercantile Exchange.

  • TORONTO, Feb 1- Canada's main stock index lost ground on Monday, with shares in energy companies weighing heavily as oil prices tumbled and weak economic data out of Europe and China exacerbated concerns about a global slowdown. Suncor, the country's largest oil and gas company, could provide further insight on the overall health of the oil patch when it reports...

  • *European stocks dip on weaker euro zone, China data. *Asian shares inch up, led by Japan, Australia. *Japan bond yield plunge to record low, 2- yr at -0.10 pct.

  • *Asian shares inch up, led by Japan, Australia. *Japan bond yield plunge to record low, 2- yr at -0.10 pct. Friday's surprise move by Japan to negative interest rates sent its bond yields to new lows.

  • Europe stocks lower as weak China data weighs Monday, 1 Feb 2016 | 1:00 AM ET

    Japanese stocks, however, extended gains following the Bank of Japan's decision last week to introduce a negative interest rate policy to boost lending and spur growth. KEEPING SCORE: Europe got off to a weak start with Britain's FTSE 100 down 0.4 percent to 6,059.68. THE QUOTE: "There are precious few indicators that point to a recovery within China and this...

  • Asia stocks uneven as China data, Japan policy weighed Sunday, 31 Jan 2016 | 10:54 PM ET

    SEOUL, South Korea— Chinese stocks fell Monday after a weak manufacturing report while Japan extended gains following its central bank's introduction of a negative interest rate policy to boost lending by banks. KEEPING SCORE: Japan's Nikkei 225 rose 1.8 percent to 17,833.53 and South Korea's Kospi added 0.3 percent to 1,918.22. THE QUOTE: Investors will...

  • *Asian shares inch up led by Japan, Australia. Australia and Japan leading regional markets with gains of more than 1 percent each, while Chinese stocks slipped in early trade. "In the short term, the surprise move by Japan will be a catalyst for global equities but it only underlines the weakness of the global economy and we need to see some strong economics data for a...

  • *Japan bond yield plunge to record low, 2- yr at -0.10 pct. TOKYO, Feb 1- Asian shares started a new month on somewhat firmer footing on Monday, helped by accommodative monetary policies in Japan and Europe, but traders were cautious ahead of China factory and service sector activity surveys. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1...

  • NEW YORK, Jan 29- Stocks jumped worldwide and the yen slumped on Friday after the Bank of Japan stunned markets by adopting negative interest rates, while hopes the Federal Reserve will slow the pace of future U.S. rate hikes also underpinned stock gains. Equities surged globally, the yen tumbled and sovereign debt rallied after the BOJ said it would charge 0.1...

  • *BOJ unexpectedly adopts negative rates in big stimulus step. NEW YORK, Jan 29- Global equities jumped and the yen slumped against the dollar after the Bank of Japan stunned markets by introducing negative interest rates, while hopes the U.S. Global equities surged, the yen tumbled and sovereign debt rallied after the BOJ said it would charge 0.1 percent for...

  • LONDON, Jan 29- World stock markets rallied and the yen slumped on Friday after the Bank of Japan took one of its main interest rates into negative territory, its boldest step yet to re-inflate the world's third-biggest economy. The Bank of Japan said it would charge 0.1 percent for excess reserves and may cut rates further if necessary, an aggressive policy...

  • LONDON, Jan 29- World shares jumped and the yen slumped on Friday after the Bank of Japan stunned markets by taking one of its main interest rates into negative territory, its boldest step yet to reinflate the economy. The yield on Japanese benchmark government bonds plunged to record lows after the central said it would charge 0.1 percent for excess reserves...

  • NEW YORK, Jan 28- Crude oil prices rose on Thursday to their highest in three weeks on hopes for a pact among oil producers to cut output, while the dollar slipped on bets that interest rate hikes by the Federal Reserve would be more gradual than it has suggested. The rebound in the oil market lifted share prices on Wall Street and other stock markets in another...

  • NEW YORK/ LONDON, Jan 28- Gold fell by 1 percent on Thursday, pressured by earlier strength in equity markets on the back of a rally in oil prices, with bullion investors quick to cash in gains from the Wednesday's rally to 12- week highs. Spot gold was down 0.9 percent at $1,115.36 an ounce at 3:09 p.m. EST, off a session low of $1,111.56. "The initial equity rally...