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  1. TSX gains amid U.S. optimism, led by resource shares

    A TMX Group sign, the company that runs the Toronto Stock Exchange, is seen in TorontoBy Fergal Smith TORONTO (Reuters) - Canada's benchmark stock index rose on Monday as recent strength in commodity prices supported the energy and materials groups, while a fresh record high for the Dow Jones industrials boosted investor confidence. Wall Street has rallied since the U.S. election as investors bet that President-elect Donald Trump will deliver significant economic stimulus and cuts in corporate taxes and regulations. U.S. optimism "is carrying over into our market," said Brian Pow, vice president, research at Acumen Capital Partners....


  2. Wall Street rises with banks, investors shrug off Italian referendum

    Traders work on the floor of the NYSE in New York CityBy Sinead Carew NEW YORK (Reuters) - U.S. stocks rose on Monday on strong economic data while currency and bond investors shrugged off Italian Prime Minister Matteo Renzi's resignation, following voters' rejection of his constitutional reforms. U.S. Treasury yields fell in choppy trading on Monday as investors viewed the dramatic bond market selloff following Donald Trump's surprise U.S. presidential win as overdone. "It was a neutral day in Europe because neither the far right nor the far left made any headway," said Robert Phipps, director at Per Stirling Capital Management in Austin, Texas.


  3. Wall Street rises, buoyed by economic data; Dow sets high

    Traders work on the floor of the NYSE in New York CityWall Street rose on Monday, with the Dow Jones industrials setting fresh record highs, as services sector data gave further evidence of strength in the domestic economy. U.S. services sector activity hit a one-year high in November, with a surge in production boosting hiring, following on the heels of Friday's employment report that showed strong job gains last month. "A lot of people were negative going into the election, or cautious, so now they’re scrambling year-end to own stocks," said Alan Lancz, president of investment advisory firm Alan B. Lancz & Associates Inc in Toledo, Ohio.


  4. Barclays' exit from energy trading stirs concerns over liquidity

    A view of the exterior of the Barclays U.S. Corporate headquarters in the Manhattan borough of New York CityBritish bank Barclays Plc has joined the list of top banks to exit energy trading, an exodus that analysts say raises concern among oil producers that falling liquidity means they cannot use derivatives for their basic function: to hedge risk by locking in future prices. Wall Street firms have scaled back in commodity markets since the 2008 financial crisis from owning physical assets or taking positions in the market in the face of regulatory scrutiny. The departure of Barclays exacerbates the scarcity of counterparties for trade when producers are trying to hedge their production for 2018 and beyond, potentially raising the cost to lock in that output.


  5. GLOBAL MARKETS-Wall Street rises with oil; investors shrug off Italian referendum

    NEW YORK, Dec (Shanghai: 600875.SS - news) 5 (Reuters) - Rising oil prices bolstered U.S. stocks on Monday while currency and bond investors shrugged off Italian Prime Minister Matteo Renzi's resignation, following voters' rejection of his constitutional reforms. U.S. Treasury yields fell in choppy trading on Monday as investors viewed the dramatic bond market selloff following Donald Trump's surprise U.S. presidential win as overdone.

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