*Luxury goods group Kering falls after lower Gucci sales. LONDON, Oct 24- Shares in luxury goods group Kering and chemicals company BASF fell on Friday after business updates, while new worries about the Ebola virus also weighed on European stock markets. Kering slumped 5.1 percent, making it the worst-performing stock on the pan-European FTSEurofirst 300...» Read More
*U.S. 30- year bond yields also fall, near two-week lows. NEW YORK, May 28- Yields on U.S. 10- year Treasury notes dropped to their lowest in 10 months on Wednesday, in line with falls in the German bond market following soft data from the euro zone's largest economy.
*Hillshire Brands shares soar after Pilgrim's Pride bid. NEW YORK, May 27- U.S. stocks rose on Tuesday as the S&P 500 scored a second straight record close, buoyed by the latest round of merger activity and as expectations for rate cuts by the European Central Bank stoked investors' appetite for equities.
*Libya oil output 160,000 bpd vs 1.4 million pre-uprising. *Libya rebels don't recognise new govt, blockade continues. U.S. gasoline fell nearly 3 cents to $2.9940 a gallon as traders sold long positions taken before Monday's holiday in the U.S. for Memorial Day, which marks the start of the summer driving season.
*Gold slumps to 3-1/ 2 month low. NEW YORK, May 27- World stock markets edged up while the euro softened against the dollar and yen on Tuesday following strong U.S. economic data and on expectations of more rate cuts from the European Central Bank. Platinum also fell after South Africa's mining minister pledged to mediate in a long-running strike.
*Wall St up, S&P 500 hits record as utility stocks lead. NEW YORK, May 27- World share markets climbed closer to record levels on Tuesday on expectations the European Central Bank will extend its easy monetary policy, while gold slipped to a one-month low following upbeat U.S. economic data.
*Hillshire Brands shares jump after Pilgrim's Pride bid. *Cisco shares up on Deutsche Bank upgrade, price target hike. NEW YORK, May 27- U.S. stocks rose on Tuesday with the S&P 500 hitting a fresh record high supported by merger activity and as expectations for rate cuts at the European Central Bank stoked bids for equities.
*Hillshire Brands shares jump after Pilgrim's Pride bid. *Cisco shares up on Deutsche Bank upgrade, price target hike. *Aeropostale jumps after it secures $150 mln credit facility.
LONDON, May 27- Russian stocks slumped 2 percent on Tuesday and the rouble fell from four-month highs, leading broad-based emerging market losses as flaring violence in eastern Ukraine took the edge off optimism fuelled by smooth weekend elections.
*Italy's FTSE MIB outperforms as Renzi wins EU vote. LONDON, May 26- European equities ended higher in thin trading on Monday, with Italian shares outperforming the regional market after voters endorsed Prime Minister Matteo Renzi's centre-left Democratic Party's reforms in European elections.
*Italy's FTSE MIB outperforms as Renzi wins EU vote. *London, New York closed for public holiday. LONDON, May 26- European equities rose on Monday, with Italy's FTSE MIB outperforming the regional stock market after voters endorsed Prime Minister Matteo Renzi's centre-left Democratic Party's reforms in European elections.
LONDON, May 26- Italian assets surged and German shares hit all-time highs on Monday as solid election showings by pro-European forces in both countries provided an antidote to Eurosceptic gains in France, the UK and Greece.
*French CAC lags after National Front win. *London, New York closed for public holiday. LONDON, May 26- European equities rose on Monday, with Italy's FTSE MIB outperforming after Prime Minister Matteo Renzi's centre-left Democratic Party's reforms were endorsed by a strong showing in European elections.
TOKYO, May 26- Japanese shares ended at a 7- week high on Monday, with financials leading the gains, helped by the yen's retreat against the dollar and a record-high for Wall Street on upbeat U.S. housing data. The benchmark Nikkei extended its winning streak to a third day and rose 1 percent to 14,602.52, its highest closing since April 8.
*Wall Street rise, solid U.S. housing data support sentiment. TOKYO, May 26- Japanese shares climbed to a one-month high on Monday morning, extending its winning streak to a third day, helped by the yen's retreat and a closing record-high for Wall Street on upbeat U.S. housing data.
*Wall Street rise, upbeat U.S. housing data support Asian shares. TOKYO, May 26- Asian shares hit one-year high on Monday thanks to a strong session on Wall Street and a decisive win for billionaire Petro Poroshenko in Ukraine's presidential election.
*Wall Street rise, upbeat U.S. housing data support Asian shares. TOKYO, May 26- Japanese shares rose in a steady start for Asian equities on Monday thanks to a strong session on Wall Street, and as a decisive win for Ukrainian billionaire Petro Poroshenko in the nation's presidential election ensured a tense runoff round won't be required.
*Hewlett-Packard shares soar after announcing job cuts. NEW YORK, May 23- The S&P 500 closed at a record high on Friday, buoyed by a rally in housing stocks after better-than-expected home sales and a jump in Hewlett-Packard shares a day after the personal computer maker said it would cut more jobs.
WASHINGTON, May 23- Sales of new U.S. single-family homes rose in April and the stock of houses on the market hit a 3-1/ 2 year high, but economists said the market was still not clearly gaining steam.
*Better-than-expected housing data lift Wall Street to record Bond prices rise on Greece, Ukraine elections worries. NEW YORK, May 23- Global equity markets edged higher on Friday after better-than-expected U.S. housing data lifted Wall Street into record territory but yields on Treasuries fell over uncertainty about elections in Ukraine over the weekend.
With the larger stock market stuck in a boring trading range this year, investors are turning to much riskier penny stocks in search of return.