Stocks

Goldman strategists see Europe stocks rising as economy improves

BLOOMBERG European stocks will rise next year as household spending power picks up and the threat of a sharp slowdown eases, according to Goldman Sachs Group Inc strategists. Quicker-than-expected cooling in euro area inflation should lead to positive growth in real wages — a boost for consumers, while also reducing obstacles to interest-rate cuts and with that the risk of ...

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Stocks edge up as traders bet on slowing inflation

BLOOMBERG Global stocks and bonds edged higher ahead on speculation that a crucial US inflation report will show that price pressures slowed last month, cementing the view that interest rates have peaked.  Europe’s Stoxx 600 index added 0.2%, with mining stocks led by a 4% gain in Glencore Plc after it agreed to buy a majority stake in Teck Resources ...

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Europe stocks gain, focus turns to inflation data

BLOOMBERG European stocks rose on Monday ahead of inflation figures in the US and UK that could confirm interest rates have topped out. The Stoxx 600 index climbed 0.7%, buoyed also by Friday’s gains on Wall Street. Health firms were among the strongest performers, with Novo Nordisk A/S rallying almost 4% after a study backed the use of Wegovy, its ...

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Korea’s Kosdaq index erases all gains from short-selling ban

BLOOMBERG The boost to South Korean stocks from the ban on short-selling has quickly faded, with an index of small-cap stocks erasing all the gains seen following the regulator’s surprise decision. The Kosdaq Index slid 1.9% on Monday. It has fallen in every single session since the ban sparked a 7.3% jump on November 6. Electric vehicle battery names including ...

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Stock gains fizzle, traders watch central bankers

BLOOMBERG The rally in stocks sputtered with traders once again watching policy makers for clues on whether they’ll dial back their higher-for-longer stance on interest rates. Europe’s Stoxx 600 index slipped 0.3% and US equity futures traded flat. Oil hovered near a three-month low after plunging almost 7% over the previous two sessions. Yields on 10-year Treasuries held below 4.5%.  ...

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Bitcoin rallies past Terra crash level in win for bruised bulls

BLOOMBERG It took just over 18 months, but Bitcoin is finally back to where it traded before the event that precipitated the last crypto crash. The dominant cryptocurrency rose as much as 3.6% to $36,856 on Thursday. That’s the highest since May 6, 2022 — just before the TerraUSD stablecoin collapsed and ignited a daisy chain of failures across the ...

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Berkshire names managers for its second yen bond sale of 2023

BLOOMBERG Warren Buffett’s Berkshire Hathaway Inc plans to sell yen-denominated corporate bonds for the second time this year, according to lead underwriter Mizuho Securities Co. The company is considering issuing the bonds in the near future, and sales will be limited to qualified institutional investors in Japan, according Mizuho, which said that itself and BofA Securities Japan Co will manage ...

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Stocks slip before Fed Chair Powell’s speech; M&S rallies

BLOOMBERG Stocks edged lower as investors awaited clues on the path of interest rates from a raft of central bank officials including Federal Reserve Chair Jerome Powell.  Europe’s Stoxx 600 fell 0.1% and US equity futures traded little changed. The 10-year Treasury yields climbed by three basis points to 4.6%. West Texas Intermediate held at $77, near a three-year low. ...

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Stocks ease as Federal Reserve’s interest rate-cut doubts creep in

BLOOMBERG Stocks retreated and the dollar rose after a Federal Reserve policymaker dampened hopes of speedy interest rate cuts from the US central bank.  Europe’s Stoxx 600 equity index opened around flat, and US equity futures contracts slipped about 0.2% as it became clear central banks will lean against traders’ rate-cut bets. Financial shares rose, led by UBS Group AG, ...

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Korea stocks pare gains spurred by sudden short-selling ban

BLOOMBERG South Korea’s benchmark stock index fell, as a jump on November 6 triggered by the nation’s sudden ban on short-selling ran its course. The benchmark Kospi finished 2.3% lower — while the small-cap Kosdaq Index slid 1.8% — after foreign and local institutional investors reduced equities. Kospi had surged 5.7% on November 6, its best performance since March 2020, ...

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