Stocks

European stocks steady over diplomatic efforts by US, allies

BLOOMBERG European stocks pared early gains and were steady as traders weighed diplomatic efforts by the US and its allies to prevent further escalation of the Israel-Hamas conflict and braced for the start of earnings season. The Stoxx Europe 600 was little changed in London on Monday, with miners and energy stocks leading gains. Utilities fell and tech stocks also ...

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Emerging-market stocks sink to lowest since 1987 relative to US equities

BLOOMBERG Emerging-market stocks just crossed another grim milestone: They’ve tumbled to the lowest level in 36 years relative to US equities. MSCI Inc’s benchmark for developing-nation equities slipped to begin the week amid global tensions over a conflict. That took the gauge to the weakest-ever level relative to the S&P 500 Index in data going back to 1987. The ratio ...

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Stocks rise on dovish Fed remarks, China stimulus

BLOOMBERG European shares rallied after dovish comments by Federal Reserve officials and the prospect of more economic stimulus by China brought some risk appetite back to markets as investors continue to evaluate the potential impact of the Israel-Hamas conflict. Treasuries jumped, catching up with the global government bond rally, when cash trading in the US was closed. The yield on ...

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India property stocks rally to 2008 high on robust housing sales

BLOOMBERG India’s property stocks advanced to the highest in 15 years, signalling a potential breakout, as robust sales added to the optimism over the central bank’s decision to keep interest rates unchanged. The S&P BSE Realty Index rallied as much as 4.8% Tuesday to its highest level since September 2008, as strong second-quarter sales reported by several developers lift expectations ...

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Dollar gains against peers as traders seek havens

BLOOMBERG The dollar strengthened against most of its major peers as currency traders got their first chance to react to a shock attack. The greenback — seen as a haven in times of trouble — advanced 0.2% versus the euro and pound, while risk currencies such as the Aussie and kiwi weakened. The Norwegian krone was the best-performing major currency ...

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Chinese stocks languish after return from holiday amid risks

BLOOMBERG Chinese stocks ended lower in a choppy session following their return from the Golden Week break, as investors parsed holiday-spending data while navigating global market volatility. The CSI 300 Index closed down 0.1% on Monday, its first trading session since September 28. Risk assets were hammered last week as renewed concern about higher-for-longer US interest rates spurred a Treasuries ...

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Goldman turns cautious on ‘expensive’ India stocks before elections

BLOOMBERG Global headwinds and expensive stock valuations necessitate a cautious approach toward Indian equities in the short term as the country prepares for next year’s national elections, according to Goldman Sachs Group Inc. “The sharp rally since end-March, expensive valuations and global macro risks (high oil, high US rates, strong dollar) warrant a tactically conservative stance over the next three ...

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Stocks, bonds struggle following uncertainty interest rate hike

BLOOMBERG European shares crept higher following three straight loss-making days, after softer US economic data sparked a late bounce on Wall Street and soothed fears of a Federal Reserve interest rate hike next month. Gains were fragile however, with Europe’s Stoxx 600 index edging just 0.1% higher after closing at the lowest in more than six months, while futures for ...

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Europe stocks hit lowest in more than six months as bond yields advance

BLOOMBERG A retreat in European stocks deepened on Wednesday, sending the benchmark index to the lowest in more than six months as bond yields climbed on worries of higher-for-longer interest rates. The Stoxx 600 was down 0.2% in London, sliding for a third straight session as the yield on 30-year Treasuries hit 5% for the first time since 2007. In ...

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Financial rout spreads as US 30-year yield hits 5%

BLOOMBERG The selloff in US Treasuries extended into a third straight day, with 30-year yields touching 5% for the first time since 2007 and sending global financial markets into a tailspin. As conviction grew that US interest rates could rise further from current 22-year highs, 10-year Treasury yields also climbed closer to the key 5% threshold. That pushed the MSCI ...

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