Stocks

  Bloomberg Calm has finally come to a stock market that for weeks had been swinging violently. Bulls who hung tough are ending the year on firm footing after a frenzied off-loading of risk by the professional speculators. December’s big sellers were hedge funds, which, chastened by wrong-way bets on high-flying software companies, spent the month slashing high-momentum trades. It …

  Bloomberg The winning streak for Indian stocks is losing momentum as sentiment sours on the prospect of tighter monetary policy and smaller stimulus spending in the coming year. India’s benchmark S&P BSE Sensex has slumped 3.6% since the end of September, halting a rally that ran for six straight quarters and doubled the index’s value. Since reaching a record …

  Bloomberg A rebound in stocks moderated on Wednesday, while US futures drifted lower amid uncertainty over the omicron virus strain’s economic impact and a foggy outlook for US fiscal stimulus. Gains in tech shares offset declines in cyclical sectors in Europe, while a gauge of Asia-Pacific shares was in the green. Trading volume was lower than the 30-day average …

  Bloomberg Finatext Holdings Ltd, a Japanese fintech startup that provides stock trading apps and brokerage infrastructure, slumped on its first day of trading in Tokyo, with shares falling 35% below the issue price. Having raised nearly 20 billion yen ($175 million) in an offering that was priced at the top of its advertised range, got off to a bad …

  Bloomberg Buying after a plunge, a trade rewarded virtually every time stocks pulled back in 2021, is facing a big challenge. Down hard for a second day Monday, the S&P 500 has now posted back-to-back, 1%-plus swoons twice in the past month, something it has mostly avoided doing before. It’s a worrying departure from the recent past, when 1% …

  Bloomberg Stocks rise with US equity futures Tuesday on wagers that vaccines can help tame the omicron virus outbreak and signs that US President Joe Biden could yet revive his $2 trillion economic agenda. European shares rebounded, with miners in the lead as commodities gained. Asian shares were bolstered by a rebound in Japan and a rally in Chinese …

  Bloomberg Monday’s Asia trading session took on a decisively risk-off tone: US stock index futures fell, Treasuries gained and risk-sensitive currencies slid as investors fretted over fresh lockdowns to slow the new variant. Senator Joe Manchin’s rejection of the US spending package at the heart of President Joe Biden’s economic agenda heaped fresh fuel to the fire with market …

  Bloomberg India’s benchmark index was poised to enter a correction as concerns about risks from the rapid spread of the omicron coronavirus variant prompted selling of equities ahead of year-end holidays. Reliance Industries Ltd. was the biggest drag on the S&P BSE Sensex, which retreated 2.8% to 55,423.99 as of 1:24 pm in Mumbai, headed for its biggest two-day …

  Bloomberg A tumultuous year for Chinese markets looks to be finally weighing on demand for new stock funds. While equity funds have raised 2 trillion yuan ($314 billion) this year — matching 2020’s record — fundraising this quarter is poised to be the slowest in two years, according to data from consultancy Z-Ben Advisors Ltd. Launches have slowed through …

  Bloomberg Producers of battery metals and specialist chemicals for electric cars are outpacing sector leaders like Tesla Inc in the stock market as prices of key commodities climb due to tight supply and wider adoption of zero-emission vehicles. Pilbara Minerals Ltd, a Perth-based supplier of lithium raw materials, jumped more than 210% this year, while Ecopro BM Co and …