Market Flash

UK House Price Growth Eases in Second Quarter

UK House Price Growth Eases in Second Quarter

House price growth remained subdued in the UK in June, with buyer enquiries and consumer confidence muted in a trend which is expected to continue in the coming months, data from a report showed on Tuesday. The Nationwide House Price Index posted a reading of 428.2 in June compared to 427.6 in May. The index, which is based on data […]

Asian ADRs Trading Higher

Asian ADRs Trading Higher

American depositary receipts of Asian stocks were trading 1.26% higher at 1,446.03 on the BNY Mellon Asia 50 ADR Index on Thursday. In North Asia, the gainers were led by B2B platform JMU Limited (JMU) and Autohome (ATHM), which climbed 8.7% and 4.1% respectively. They were followed by semiconductor company ASE Industrial Holding (ASX) and Fang Holdings (SFUN), which rose […]

Equities Lower in Early U.S. Trade

Equities Lower in Early U.S. Trade

Stocks edged lower in early trading on Tuesday, with investors awaiting Federal Reserve Chair Jerome Powell’s speech later in the day, with a mixed session so far for the Standard & Poor’s 500 sectors. Powell is set to speak at 1pm ET in New York on the economic outlook and monetary policy review, according to the Fed’s website. It comes […]

U.S. Jobless Claims Lower Than Expected Last Week

U.S. Jobless Claims Lower Than Expected Last Week

Claims filed for first-time unemployment benefits in the US fell more than expected last week to remain at a level that is low by historical standards. Seasonally adjusted initial claims came in at 216,000 in the week ended June 15, according to data published by the Labor Department on Thursday. This was 6,000 more than the unrevised level registered a […]

Equities Strengthen in Early Trading

Equities Strengthen in Early Trading

Stocks were cautiously higher in early trading Monday as attention turned to the Federal Reserve’s meeting this week and speculation over whether policy makers will hold rates, or offer clues about future cuts, while merger news drive some names well into the green. Communication services and real estate were the strongest performers on the Standard & Poor’s 500, both up […]

Bond Prices Trim Gains, Equities Find Some Footing; Curve Inverts Deeper

Bond Prices Trim Gains, Equities Find Some Footing; Curve Inverts Deeper

US Treasury prices pared early gains after having shot higher Friday following a stampede to safety overnight after the US threatened to slap tariffs on Mexican goods. The latest kerfuffle adds to an already tense trade situation between the US and China, an array of European woes and weakening global data. The 2-year had a commanding lead on the rally […]

Crude Heads for Worst Month in Six on Concern Worsening Global Trade Environment to Undermine Demand

Crude Heads for Worst Month in Six on Concern Worsening Global Trade Environment to Undermine Demand

Crude headed for the second week of declines in May as President Donald Trump’s threats to impose tariffs on Mexico, which is the largest recipient of US oil exports, added to concern that a worsening trade environment would undermine global energy demand. West Texas Intermediate crude futures fell by $1.94 intraday to $54.65, a 3.4% decline. Brent also fell, in […]

Palomar Completes Reinsurance Renewal, First Placement of Specialty Homeowners Facility

Palomar Completes Reinsurance Renewal, First Placement of Specialty Homeowners Facility

Palomar Holdings (PLMR), a specialty property insurer, said it has completed the renewal of reinsurance programs that will take effect June 1. The company renewed $470 million of its core reinsurance program, which includes its catastrophe bond, and purchased $200 million of incremental limit. The company’s reinsurance program provides coverage up to $1.05 billion for earthquakes, which will enable Palomar […]

DelMar Pharma Shares Rally More Than 180% After Interim Trial Results of VAL-083 Update at ASCO

DelMar Pharma Shares Rally More Than 180% After Interim Trial Results of VAL-083 Update at ASCO

DelMar Pharmaceuticals (DMPI) shares rallied more than 180% on Friday after the company gave an encouraging update to its first- and second-line mid-stage trials of VAL-083 in patients with MGMT-unmethylated glioblastoma multiforme at the annual ASCO cancer meeting in Chicago. For the front-line treatment of the drug with radiation therapy, the trial showed eight patients getting a “complete response” and […]