Stocks

Bloomberg Markets settled into a holding pattern on Tuesday as traders awaited key American inflation data and second-quarter earnings reports from some of the world’s biggest banks. Treasuries and the dollar were steady. Contracts on the S&P 500 and the Nasdaq 100 fluctuated around small gains and losses after the underlying indexes closed at records. JPMorgan Chase & Co and …

Bloomberg Just months after bankers celebrated a record haul from taking Chinese companies public in New York and Hong Kong, they’ve had a rude awakening. Deals are being shelved and investors are nursing heavy losses. A chill has settled over global finance after a fortnight in which China first cracked down on its Uber-like Didi Global Inc. within days of …

Bloomberg US futures were mixed as investors turn their attention to the second-quarter earnings season starting this week in order to gauge whether corporate profitability can support equity valuations. Treasury yields dropped. The Stoxx Europe 600 fluctuated, with declines for banks and travel companies offsetting gains for real-estate and utilities. Atos SE plunged more than 15% after the French IT-services …

Bloomberg Investors are getting excited about Big Tech again. With resurgent doubts about the strength of the post-pandemic boom, traders are shifting back into the tech behemoths whose dominance of high-growth industries leaves them poised to keep sales and profits rising even if the economy slows. That’s fuelled a run of outperformance since the beginning of June and marks a …

Bloomberg All through the pandemic era, buying stocks when corporate America delivers its quarterly reporting card has been a reliable winning trade. But the streak may be coming to a close. While second-quarter profits may look robust when banks start reporting on July 13, the forecast earnings increase of 64% for all firms in the S&P 500 Index probably marks …

Bloomberg Xiaomi Corp is marketing a dollar bond deal to global investors as Chinese technology companies face fresh scrutiny in an new era of tighter oversight from Beijing. The smartphone maker is looking to raise about $1 billion from the debt sale, people familiar with the matter said. That would include a rare green bond tranche from the nation’s tech …

Bloomberg US equity-index futures rise along with stocks in Europe as investors awaited minutes from the Federal Reserve’s latest meeting for clues on policy makers’ thinking on interest rates and stimulus. Bonds stabilised after a rally. The Stoxx Europe 600 Index climbed, led by gains in commodity sectors, with Royal Dutch Shell Plc rising more than 3% after saying it …

Bloomberg Didi Global Inc plunged in premarket trading after a Chinese regulator ordered the removal of the company’s platform from app stores, days after a $4.4 billion initial public offering (IPOs) in the US. Shares of the China-based tech firm fell as much as 30% to $10.90, taking them below the $14 IPO price. They traded at $11.90 as of …

Bloomberg Indian sovereign bonds slumped as the central bank’s choice of relatively illiquid papers for its bond-purchase program disappointed traders. Surging global oil prices also weighed on sentiment. The yield on the 5.63% bond maturing in 2026 rises as much as nine basis points to 5.85%, while the 6.64% 2035 bond yield climbed five basis points. The benchmark 10-year yield …

Bloomberg Shares of Chinese technology companies slid in Hong Kong as investors stepped back to gauge the impact from Beijing’s move to block ride-hailing giant Didi Chuxing from app stores due to data security issues. Tencent Holdings Ltd, which has a stake in Didi, slumped 3.6% in Hong Kong to erase its year-to-date gain. Meituan, ordered by China’s antitrust watchdog …