Stocks

Inflation shocks rip through markets before key Fed meet

  Bloomberg Global traders already on tenterhooks over this week’s key Federal Reserve meeting were jolted further on Tuesday by Australian inflation data that smashed expectations, a surprise monetary tightening in Singapore and further swings in US equity futures. A maelstrom of volatility in the past 24 hours saw almost $3 trillion wiped off global stocks before a reversal with ...

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S Korea to extend FX trading, ease rules for global funds

  Bloomberg South Korea will extend trading in its foreign-exchange market and ease restrictions against overseas investors in a bid to encourage more foreign participation — reversing a decades-old policy intended to limit volatile capital flows. Onshore dollar-won spot market trading hours will be extended significantly from the current 9:00 am to 3:30 pm local time span, the finance ministry ...

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Stocks drop, bonds advance amid Fed, Ukraine concerns

  Bloomberg Equities in Europe declined on Monday and US futures reversed gains as the rout in technology stocks deepened amid concerns over the Federal Reserve’s imminent rate liftoff. Bonds gained. Tech stocks were among the largest decliners as the Stoxx Europe 600 index dropped almost 2%, on track for the biggest two-day slump since October. Tensions between Russia and ...

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Goldman shrugs off rate hikes to bet on emerging stocks

  Bloomberg Some of the world’s biggest funds are switching toward emerging-market equities in a bet their central banks have less need to raise interest rates after tightening before their developed-nation peers last year. Goldman Sachs Asset Management and BNP Paribas Asset Management are among those buying the shares on expectations the most attractive valuations in more than a decade ...

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Futures mixed as frayed nerves rekindle bond bid

  Bloomberg US equity futures were mixed while European stocks fall as investors assessed shaky company earnings and the prospect of higher US borrowing costs. Bond yields dropped a second day. The Stoxx Europe 600 Index touched the lowest level in a month weighed by miners, travel and leisure and automakers. Nasdaq 100 contracts underperformed after the tech-heavy gauge entered ...

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Chipmakers tumble again in biggest weekly drop since March 2020

  Bloomberg Shares of semiconductor companies fall, with the group participating in a widespread late selloff for technology stocks that pushed the Nasdaq 100 Index into correction territory. The Philadelphia Stock Exchange Semiconductor Index falls 3.3%, ending at its lowest since late October. The index has dropped more than 10% thus far this week, which would represent its biggest one-week ...

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Gold trims weekly gain

  Bloomberg Gold trimmed a weekly gain as inflation-adjusted bond yields continued to advance, diminishing the appeal of the non-interest bearing asset. The bullion sunk to a key resistance level as market-based measures of inflation expectations rapidly dropped, raising the real return of Treasuries. A decline in the bond’s nominal yields from a two-year high had helped gold advance earlier ...

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European stocks, futures mixed as bonds stabilise

  Bloomberg Stocks and futures were mixed as the global sovereign-bond selloff paused and investors turned their focus to corporate earnings. Energy companies were among the biggest declines in Europe’s Stoxx 600 Index, as crude oil slipped from a seven-year high, while the rally in metals boosted miners. US futures advanced. Treasury yields dipped, but remain higher for the week ...

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SoftBank group prices its biggest-ever yen bond worth $4.8bn

  Bloomberg SoftBank Group Corp. priced its biggest-ever yen bond on Thursday, using its popularity with retail investors to raise 550 billion yen ($4.8 billion) to pay off other debt. Billionaire Masayoshi Son’s technology conglomerate, which made headlines last year due to losses on Chinese ride-hailing giant Didi Global Inc., has been the single-biggest issuer in the Japanese corporate bond ...

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Tech, banking names in hottest India stock picks for this year

  Bloomberg The sustained boom in global tech spending, a revival of local housing demand and a rebound in bank earnings are expected to be among the key drivers of gains for India’s stock market this year. Analysts remain bullish, projecting a rise of about 15% for the NSE Nifty 50 Index over the next 12 months, according to sell-side ...

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