DJIA: 16,058.35  -469.68 (-2.84%) | NASDAQ: 4,636.105  -140.403 (-2.94%) | S&P 500: 1,913.85  -58.33 (-2.96%) Markets status unavailable

  • Show Article Details

    SAO PAULO, Sept 1 (Reuters) - Latin American currencies and stocks mostly fell on Tuesday as investors fretted over weak domestic growth and disappointing economic data in China, a leading trade partner for the region. The broader MSCI Latin American stock index fell the most in a week, while the Brazilian real was on track to close at its weakest level since early 2003. Data released on Tuesday showed that China's manufacturing sector shrank at its fastest pace in three years. China is a major purchaser of Latin American raw materials such as iron ore, copper, petroleum and soybeans. Commodities prices fell the most in a week while oil prices plunged more than 6 percent. Colombia, which counts petroleum as its main export, saw its peso snap a three-day rally and drop about 1.75 percent. Brazil's real faced additional pressure after data showed Brazilian manufacturing activity contracted for a seventh straight month in August. The Brazilian government on Monday for the first time ever sent Congress a budget bill that forecasts a primary deficit, raising fears of a potential sovereign credit downgrade. A Fitch Ratings analyst said the budget bill underscores "growing risks to the trajectory of public finances." The benchmark Bovespa stock index fell the most in a week, mostly on the back of widely traded shares such as lender Itau Unibanco Holding SA and state-run oil producer Petroleo Brasileiro SA, known as Petrobras. The most-traded shares tend to attract global investors seeking exposure to Brazilian assets and often swing on macroeconomic risk perception. Key Latin American stock indexes and currencies at 1551 GMT: Stock indexes daily % YTD % Latest change change MSCI Emerging Markets 800.5 -2.23 -14.39 MSCI LatAm 2010.94 -2.26 -24.57 Brazil Bovespa 45680.6028 -2.03 -8.65 Mexico IPC 43183.04 -1.23 0.09 Chile IPSA 3796.28 -1.14 -1.42 Chile IGPA 18569.75 -0.99 -1.59 Argentina MerVal 10901.38 -1.19 27.07 Colombia IGBC 9432.72 -2.38 -18.93 Venezuela IBC 14900.12 0.54 286.14 Currencies daily % YTD % change change Latest Brazil real 3.6691 -1.17 -27.57 Mexico peso 16.8782 -0.77 -12.64 Chile peso 689 0.36 -11.99 Colombia peso 3109 -1.76 -23.19 Peru sol 3.2411 -0.15 -8.09 Argentina peso 9.3000 -0.03 -8.06 (interbank) Argentina peso 15.42 0.32 -9.21 (parallel) (Reporting by Asher Levine; Editing by Dan Grebler)

  • Show Article Details

    Stoxx 600 shaves off 2.7%. European stocks slid Tuesday, coming under pressure after disappointing data on factory activity in China and in parts of the eurozone. The Stoxx Europe 600 fell 2.7% to close at 352.89, with no sectors in positive territory.

  • Show Article Details

     Chesapeake Energy (CHK) stock is retreating 2.88% to $7.59 on Tuesday due to tumbling oil prices, largely due to weak Chinese economic data, amplifying worries about its economic health, Reuters reports. Crude oil is declining 7.3% to $45.61 per barrel and Brent oil is sliding 7.42% to $50.13 per barrel, according to the CNBC.com index.

  • Show Article Details

    * TSX down 327.49 points, or 2.36 percent, at 13,531.63. * All 10 of index's main groups in the red. By Solarina Ho. Canada's main stock index fell more than 2 percent on Tuesday as the latest disappointing economic data from China spurred another round of selling in global markets and sent commodity prices lower.

  • Show Article Details

    * China factory activity shrinks at fastest pace in 3 years. * Dollar skids, S&P 500 falls 2 pct. * Crude oil futures drop. By Caroline Valetkevitch. World stocks and commodity prices dropped on Tuesday as poor Chinese data intensified fears about China's economic health and its effect on other economies.

  • Show Article Details

    * Low-yielding yen and euro rise on risk aversion. * China PMI surveys underscore slowdown worries. * U.S. manufacturing growth slows - ISM survey. By Michael Connor. The dollar sagged against the safe-haven yen and low-yielding euro on Tuesday as weak Chinese factories data drove investors to unwind bets against the two currencies widely used to fund positions in riskier assets.

  • Show Article Details

    dropped more than 300 points at the open Tuesday as investors fled risky assets such as global equities following another set of weak Chinese economic data. China's official manufacturing purchasing managers' index fell to a three- year low, triggering a wide selloff in stocks in Asia and Europe. The S&P 500 slumped 36 points, or 1.8% to 1,935, inching closer to the low levels last week.

  • Show Article Details

    Alternative indicators show economy weaker than official data claim. Goldman Sachs on Monday slashed its economic outlook for China over the next three years, as signs of weakness in the world's second-largest economy has picked up. Goldman analysts, led by Andrew Tilton, cut its outlook for Beijing's gross domestic product growth in 2016 to 6.4% from 6.7% and trimmed their forecast for 2017 to 6.1% from 6.5% and reduced their 2018 outlook to 5.8% from 6.2%.

  • Show Article Details

    * FTSEurofirst 300 drops 2.9 pct. * Basic resources stocks hardest hit. * DAX down despite stronger German data. By Alistair Smout. European equities fell sharply on Tuesday, with miners slumping after weak manufacturing data from China again raised concerns over the economic health of the world's biggest metals consuming country.

  • Show Article Details

    Did Beijing overextend itself by trying to join the IMF's elite currency club? One of the larger surprises of the summer is how the Chinese authorities have allowed an apparently technical matter-- the possible inclusion of the yuan in the International Monetary Fund's special drawing right-- to become the stuff of global headlines. Whether the yuan becomes part of the IMF's composite accounting unit should be a question for specialists.

  • Show Article Details

    The Justice Department is leaning on banks it prosecuted in May to gather more information and interview traders about suspected currency market rigging, Bloomberg reported on Monday and Deutsche Bank AG (DB) may be in its sights. The probes of currency-market manipulation are now focused on the Russian ruble, Brazilian real and Argentine peso, according to their confidential sources. A spokeswoman from Deutsche Bank (DB) declined a request from MarketWatch to comment further on the...

  • Show Article Details

    The world may not be short of oil and gas. But it is good news for Eni that the Italian company has found another slug of it. Eni has discovered a vast gas field off the coast of Egypt in the Mediterranean Sea.

  • Show Article Details

    Consumer stocks tumbled in early trade Tuesday, falling with the broader market after another set of weak data from China sent global markets lower. Dollar Tree Inc. (DLTR) led the declines, shedding 4.5%. The company earlier reported a loss in as it moves to integrate the recently acquired Family Dollar.

  • Show Article Details

    Canada's main stock index fell sharply at the open on Tuesday as the latest round of disappointing data out of China spurred more volatile trading in global markets and helped sink energy stocks on the TSX. Toronto Stock Exchange's S&P/TSX composite index gave up 314.07 points, or 2.27 percent, to trade at 13,545.05 shortly after the open.

  • Show Article Details

    * Canadian dollar at C$1.3146, or 76.07 U.S. cents * Bond prices higher across the maturity curve By Solarina Ho TORONTO, Sept 1 - The Canadian dollar was steady against its U.S. counterpart on Tuesday, sharply paring earlier losses after second-quarter domestic growth data indicated the economy was finally turning around heading into the third quarter.

  • Show Article Details

    Germany is considered by many to be the economic engine of Europe, so what is its stock market telling us? The nearby September 2015 Deutsche Boerse DAX futures contract topped out on the chart in the March-May period this year, but a sustained downtrend did not get underway until last month. The Sep contract rebounded last week but note the anemic movement of the OBV line.

  • Show Article Details

    Brazil's stock market and currency both weakened in early Sao Paulo trading on Tuesday as investors fretted over disappointing economic data in top trade partner China. Data earlier showed that China's manufacturing sector shrank at its fastest pace in three years. The benchmark Bovespa stock index dropped 2.4 percent while Brazil's currency, the real, weakened about 1 percent to 3.66 per dollar.

  • Show Article Details

    The Chinese government may not be throwing in the towel just yet. Despite reports that officials had given up trying to support the stock market, Beijing is actually preparing new measures to shore up not only stocks but the slowing economy, according to market pros in the region.

  • Show Article Details

    Shares of Las Vegas Sands (LVS) are down by 2.77% to $44.95 in pre-market trading on Tuesday morning, as some casino stocks decline due to the fifteenth consecutive monthly slump in revenue out of China's Macau gambling hub. Revenue from Macau, the only area in China where gambling is legal, fell by 35.5% in August when compared to the same month last year, Reuters reports.