Stocks

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 ...

Bloomberg As stocks around the world continue to smash one record after another, some of the world’s biggest money managers have a simple message: Get used to it. The likes of BlackRock Inc, State Street Global Markets, UBS Asset Management and JPMorgan Asset Management expect equity markets to keep rising in the second half of the year, with many investors ...

Bloomberg High stock price valuations may be giving some investors pause, but it hasn’t stopped US corporations from plowing even more cash into their shares. Morgan Stanley and Wells Fargo Inc are among the nation’s biggest lenders that signalled this week they’re stepping up repurchases and raising dividends after passing Federal Reserve stress tests with flying colours. Banks are joining ...

Bloomberg India’s $442 billion asset management industry is finally having to reckon with the passive investing juggernaut. After decades of sluggish growth, the number of accounts invested in index-tracking or exchange-traded funds more than doubled to 5.6 million in the year to April. Passive products now account for nearly a quarter of equity assets under management versus about 16% two ...