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March, 1, 2017

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Business > Global Markets
Stock markets were downbeat worldwide Tuesday and the dollar came under fresh selling pressure as trading floors grew cautious before Donald Trump's speech to a joint session of Congress.
 
World stock markets diverged Monday, as a recent Trump-inspired rally showed signs of fragility.
 
New highs for US stocks; Dow win streak longest since 1987
Wall Street notched another set of milestones Monday as the Dow Jones industrial average closed at a record high for the 12th consecutive time, the longest winning streak for the 30-company average in 30 years.
 
Saudi Arabia's Aramco will invest US$7 billion in a Malaysia oil refinery project, Prime Minister Najib Razak said Monday as he declared ties with the kingdom "at an all-time high."
 
Increased Chinese spending on housing and hopes of an infrastructure bonanza in the U.S. and India are driving a recovery in resources giants, analysts said, with major miners raking in huge profits.
 
European stock markets mostly rose Wednesday as traders reacted to mixed economic data and earnings results.
 
European stock markets rose Monday, with gains in London capped by a sharp drop in the share price of Unilever following the collapse of a proposed mega-merger (see story at bottom of page).
 
World stock markets fell further Friday following a downbeat session in Asia, and after Wall Street's Trump-fueled surge finally came to an end.
 
EU Parliament approves contested Canada trade deal
The European Parliament backed a contested EU-Canada free trade deal on Wednesday, facing down protests by activists and Donald Trump-inspired calls for protectionism.
 
European and Asian stock markets rose solidly Wednesday following a rally in Tokyo, as investors reacted to indications that U.S. interest rates could climb as early as March.
 
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