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Market - Stocks: 5 things to know before the open

Here`s what you need to know about the markets before you start your business day.

Sunday, May 24, 2015  03:16


World - Burundi opposition leader murdered during pause in protests

The leader of a small Burundian opposition party was shot dead on Saturday, residents said, the latest violence in a country gripped by weeks of protests over the president`s controversial bid to seek a third term. Zedi Feruzi, the head of the Union for Peace and Development (UPD) was walking home under police protection in Bujumbura`s Ngagara district when he came under fire, locals told AFP, adding that one of the three officers accompanying him was also killed in the incident. The attack -- which comes a day after a grenade attack on a busy market killed three people and injured around 40 others -- risks further fuelling tensions in the capital where a heavy-handed crackdown on anti-government demos has left more than 20 people dead since late April.

Saturday, May 23, 2015  23:05


World - Gulf producers to resist cuts at OPEC meet: analysts

Gulf oil producers, led by Saudi Arabia, will resist attempts to cut output at an OPEC meeting next month as preserving market share remains their top priority, industry analysts say. Gulf and other OPEC members said they wanted to safeguard their share of a market that has faced a supply glut as a result of sharp increases in the production of shale and sand crudes. `Preserving market share still remains a top priority for Gulf states,` Saudi economist Abdulwahab Abu-Dahesh said.

Saturday, May 23, 2015  17:40


Business - Wall Street shrugs off weak data to inch higher

`There is a malaise in the market as investors re-adjust their expectations of a Fed hike,` said Andrew Barber, chief market strategist at Eagleview Capital in Delaware. The Fed has kept interest rates at near zero for almost a decade, which has made funds cheaper and helped the stock market reach record highs.

Thursday, May 21, 2015  15:50


Business - Wall Street set to open lower as weekly jobless claims rise

While the number of Americans filing new claims for unemployment benefits rose slightly more than expected last week, the four-week moving average was the lowest since April 2000, continuing to suggest the labor market was tightening. Data measuring the growth in the U.S. manufacturing sector in May is due at 9:45 a.m. ET (1345 GMT) and 15 minutes later the National Association of Realtors data is expected to show that sales of used homes increased last month. `There is a malaise in the market as investors re-adjust their expectations of a Fed hike,` said Andrew Barber, chief market strategist at Eagleview Capital in Delaware.

Thursday, May 21, 2015  15:14


Business - U.S. home builder sentiment slips in May: NAHB

U.S. homebuilder sentiment fell in May but still showed more builders view market conditions as favorable, the National Association of Home Builders said on Monday. The NAHB/Wells Fargo Housing Market index fell to 54 from 56 the month before, the group said in a statement. Readings above 50 indicate more builders view market conditions as favorable than poor. `Consumers are exhibiting caution, and want to be on more stable financial footing before purchasing a home,` NAHB Chief Economist David Crowe said in a statement.

Monday, May 18, 2015  15:22


Business - Vodafone returns to quarterly sales growth

Britain`s Vodafone posted a rise in its quarterly sales measurement for the first time in nearly three years on Tuesday, helped by improving trends in its key European markets and demand for 4G mobile services. The group, which has been hit hard by the constraints on consumer spending in its big European markets and by regulator-imposed price cuts, forecast a range for 2015-16 core earnings of 11.5 billion pounds ($18.0 billion) to 12 billion pounds. Analysts say Vodafone has a tendency to set a cautious outlook.

Tuesday, May 19, 2015  08:10


Business - HP reports profit above estimates, shares up

(Reuters) - Hewlett-Packard Co , the world`s No. 2 PC maker, reported a quarterly profit above market estimates, helped by cost cuts, sending its shares up more than 3 percent in after-market trading. `I think it will alleviate concerns about what level of dis-synergies they would have to absorb in the first year following the split,` Cross Research analyst Shannon Cross said. Analysts on average had expected a profit of 85 cents, according to Thomson Reuters I/B/E/S. Ongoing cost reductions and focus on higher-margin sales drove profit, Cross said.

Thursday, May 21, 2015  22:46


Business - HP profit beats Street on lower costs

(Reuters) - Hewlett-Packard Co reported a quarterly profit above market estimates, pushing shares up 2 percent in after-market trading.

Thursday, May 21, 2015  22:10


World - How the Dow Jones industrial average fared on Thursday

The stock market eked out another record close on Thursday as rising oil prices boosted energy stocks. The market`s gains this week have been modest as investors wait for more signals about the strength of the economy and the timing of a possible interest rate increase from the Federal Reserve.

Thursday, May 21, 2015  22:10

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