Stocks

BLOOMBERG Stocks tumbled, with Nasdaq index futures losing about 1%, as investors punished companies reporting weaker-than-expected earnings. Meta Inc sank 4% in US pre-market trading after saying it’s at the whim of an uncertain economic environment. Google’s parent Alphabet Inc lost 2.3%, extending a selloff on disappointing cloud figures. Amazon.com Inc, which reports results after the bell, slid 1.5%. The ...

BLOOMBERG It’s a familiar pattern that’s played out time and again during China’s stock market rout this year: Bold policy steps to rejuvenate the economy spark a flicker of enthusiasm at the start of the trading day but the recovery fails to last and concern swiftly returns to the troubled property sector. Such was the price action that greeted the ...

BLOOMBERG US equity-index futures dropped after Microsoft Corp and Google’s parent Alphabet Inc delivered a mixed picture of big tech earnings. Contracts on the Nasdaq 100 sank 0.6% and those on the S&P 500 were down 0.4%. Alphabet fell more than 7% in premarket trading after its cloud unit reported a smaller than expected profit. Microsoft, on the other hand, ...

BLOOMBERG Global bond markets rebounded, with the US 10-year yield sliding to 4.8%, amid growing speculation that the recent selloff was excessive. Nasdaq 100 index futures rose ahead of earnings from Microsoft Corp and Alphabet Inc. Treasury 10-year yields slipped as much as five basis points to a one-week low after reaching the highest since 2007. Europe’s Stoxx 600 index ...

BLOOMBERG Bitcoin extended a rally fuelled by expectations of fresh demand from exchange-traded funds, reaching the highest price since May last year. The largest digital asset rose as much as 11.5% to top $35,000 before paring some of the gain to trade at $33,918 in London on Tuesday, taking its year-to-date rebound from 2022’s digital-asset rout to 105%. The possible ...

BLOOMBERG The yen briefly weakened beyond 150 against the dollar again as the wide yield gap between Japan and the US continues to weigh on this year’s worst-performing major currency. It touched 150.11 per the greenback in early Asian trading on Monday before quickly recovering amid weight from options-related dollar selling and suggestions of algorithmic transactions. It was little changed ...

BLOOMBERG European stocks fell as the 10-year yield on Treasuries hit 5% for the first time since 2007. Europe’s Stoxx 600 index sank 0.4% and S&P 500 equity futures edged lower. The yield on the US 10-year note rose nine basis points as investors bet signs of a strong economy will keep interest rates higher for longer. Oil slipped to ...

BLOOMBERG Rising Treasury yields and weak earnings news sapped appetite for stocks as traders tracked an intensifying diplomatic push to contain the war. Yields on 10-year US government bonds gained for a fourth day, closer to reaching 5% for the first time since 2007. The relentless advance in yields reflects expectations that the Federal Reserve will keep interest rates at ...

BLOOMBERG London has recaptured its crown as Europe’s largest stock market from Paris, lifted by surging crude oil prices. The combined market capitalisation of primary listings in London — excluding ETFs and ADRs — is now $2,888.4 billion versus Paris’s $2,887.5 billion, according to an index compiled by Bloomberg. London had lost its status as Europe’s biggest stock market last ...

BLOOMBERG European stocks edged lower on Wednesday, weighed down by disappointing results from ASML Holding NV and Swiss industrial conglomerate ABB Ltd, and as traders assessed escalating tensions in the Middle East. The Stoxx Europe 600 fell 0.1% in London. Chip equipment firm ASML Holding NV dropped as much as 5% after its order intake plunged in the third quarter ...