Bloomberg The Japanese government will raise 843 billion yen ($7.4 billion) from the sale of Japan Post Holdings Co shares — about $1 billion short of its original target — in the ongoing privatisation of the postal and financial-services giant. Shares in the secondary share sale were priced at 820.6 yen apiece, according to a statement, marking a 2% discount ...
Read More »Stocks
Asia’s corporate profits fall to 12-yr low versus global peers
Bloomberg Analyst estimates for Asia’s corporate profits have fallen to more than a decade low relative to global peers, and further downgrades are on the horizon as China’s economic growth slows and global supply constraints remain. After soaring past pre-pandemic levels on vaccine and reopening optimism, the 12-month forward earnings-per-share forecasts for MSCI Asia Pacific Index members began to drop ...
Read More »â€˜Squid Game’ shakes up Korean stocks as much as Netflix viewers
Bloomberg Netflix Inc.’s runaway hit Squid Game came like a bolt from the blue for viewers around the world. The impact on equity investors in its home country of South Korea is proving equally intense. While the nation’s benchmark share index has dropped about 4% since the drama was released in mid-September, dozens of stocks in the vibrant entertainment sector ...
Read More »US futures hold steady as traders mull recovery
Bloomberg Stocks were mixed on Wednesday as traders weighed company earnings and risks from inflationary pressures. Treasury yields and the dollar were weaker. Chinese technology stocks listed in the US rallied in premarket trading, along with Hong Kong peers such as Alibaba Group Holding Ltd. on hopes the worst of Beijing’s regulatory crackdown is over. Tesla Inc. will be in ...
Read More »Hong Kong stocks rise fastest in world as crackdown ebbs
Bloomberg Investors in Hong Kong’s stock market are rapidly losing their fear of President Xi Jinping’s regulatory crackdowns. The Hang Seng China Enterprises Index has rallied 10% since closing at a five-year low on October 6, the best performance among major global benchmarks tracked by Bloomberg. Alibaba Group Holding Ltd. has provided the second-biggest support to the gauge with a ...
Read More »US futures, European stocks rise on earnings; dollar dips
Bloomberg US futures rose with European stocks Tuesday as the prospect of solid corporate earnings helped counter concerns stemming from elevated inflation. Treasuries were steady and the dollar declined. Travelers Cos. rose in pre-market trading, while Johnson & Johnson fluctuated after reporting. Technology shares rallied and crypto stocks were in the spotlight as Bitcoin continued its climb toward all-time highs ...
Read More »Bitcoin pushes towards record before debut of futures-based ETF
Bloomberg Bitcoin continued its climb towards all-time highs, bolstered by optimism over the upcoming launch of the first Bitcoin futures exchange-traded fund in the US by asset manager ProShares. The largest cryptocurrency rose as much as 2.6% on Tuesday to trade around $62,961. It’s more than doubled this year in volatile trading. The April record is just under $64,870. ProShares ...
Read More »Brazil markets sink on fears social aid to break fiscal rule
Bloomberg Brazilian assets tumbled on Tuesday, leading losses across the globe, on reports the government will breach the country’s spending cap rule to finance a new social program, hurting the fiscal position of Latin America’s largest economy. The new aid program to the poorest, dubbed Auxilio Brasil, will give handouts of as much as 400 reais ($72) per individual, according ...
Read More »Global bonds, stocks fall as inflation fears mount
Bloomberg Global bond yields rose and most stocks fell on Monday as surging energy prices cemented worries about inflation and reinforced bets on policy tightening. Consumer and retail shares led declines in Europe’s Stoxx 600, with luxury companies slipping after publication of a Chinese presidential speech advancing tax legislation. US futures fell after the S&P 500 chalked its best week ...
Read More »China’s yields jump to three-month high as easing bets dwindle
Bloomberg China’s 10-year bond yield rose to the highest in three months as comments from central bank officials prompted traders to roll back some policy easing bets. The yield on China’s 10-year bond rose as high as 3.05%, crossing the 3% level for the first time since early July. Bond futures fell by the most in two months. Sun Guofeng, ...
Read More »