Stocks

US equity futures surge as inflation fears wane

Bloomberg American equity futures rise on Wednesday as more central-bank officials joined the chorus predicting that inflationary pressures are transitory, soothing new concerns raised by the latest US economic data. Contracts on the S&P 500 and Nasdaq 100 signalled stocks could move higher following a drop in US benchmarks overnight after home-sale and consumer confidence data suggested rising prices are ...

Read More »

Bullish signals suggest China’s stocks rally has further to go

Bloomberg China’s stocks burst out of a tight trading range this week, and that may just be the start given the bullish signs for the market that have been forming under the hood. The country’s equity benchmark closed little changed with materials and financial shares being the best performers. The move came after the CSI 300 Index jumped 3.2%, the ...

Read More »

China stocks rise most since July amid record foreign purchases

Bloomberg China’s equity benchmark rallied by the most since July as investors piled into stocks amid attempts by policymakers to contain commodity prices. The yuan also advanced to its strongest since 2018. The CSI 300 Index closed 3.2% higher at its strongest since early March, driven by gains in consumer staples equities. The surge came as overseas investors net purchased ...

Read More »

Futures buoyed by Fed price comments; dollar weakens

Bloomberg US equity futures rose Tuesday along with European stocks after Federal Reserve officials played down the risk of persistent inflation. A gauge of dollar strength against a basket of peers headed for the lowest level since January. The Stoxx Europe 600 index was on track for a fresh record high, with technology stocks boosted by results from Aveva Group ...

Read More »

US futures climb; China’s stance weighs on metals

Bloomberg US equity-index futures gained as investors wagered that the Federal Reserve will maintain monetary support in coming months while a rebound in the world’s biggest economy stokes inflation fears. Contracts on the S&P 500 and Nasdaq 100 gauges pointed to gains after US stocks closed mixed. The dollar and Treasuries were steady. Bitcoin advanced above $35,000 following another weekend ...

Read More »

Malaysia stocks rise as full lockdown avoided to allow recovery

Bloomberg Malaysia’s stocks climbed from a three-month low after the government resisted imposing a full lockdown to avoid derailing a nascent recovery in the economy. The FTSE Bursa Malaysia KLCI Index rises as much as 0.95% on Monday, snapping a three-day loss. Sime Darby Bhd. and Axiata Group Bhd led gains in the gauge. The government shortened business working hours ...

Read More »

After $690bn slump, traders see value in Asia tech stocks

Bloomberg Asian tech shares haven’t been immune from the global selloff in speculative assets, but investors are sifting through the ashes and some see buying opportunities. JPMorgan Asset Management is suggesting that investors buy the dip as combined losses in the region’s technology and consumer discretionary sectors hit about $690 billion from their first-quarter peaks. Pictet Asset Management says Asia’s ...

Read More »

Stock market’s million little dramas come down to a supply glut

Bloomberg Angst has been the stock market story of late. It soars, it plunges, and all the while investors fret over sky high valuations and pour over data to figure out when inflation will bring the house of cards crashing down. But sometimes, like now, the problem is far simpler than that: too much supply and not enough demand. Companies ...

Read More »

Virus surge in Asia has traders seek more data for investments

Bloomberg Equity investors in Asia are actively screening hospitalisation rates and watching predictions on virus peaks, as several countries in the region struggle with a fresh jump in cases. The pandemic’s resurgence has already worsened Asian stocks’ underperformance against their global peers this year. With efforts by countries to reopen their economies taking a hit, the severity of restrictions, the ...

Read More »

Stocks, US futures fall on inflation concern

Bloomberg Stocks fall with US futures on Wednesday as concerns about faster inflation and Covid-19 flare-ups in some nations rattled investors. Oil dropped for a second day. The Stoxx Europe 600 Index fell the most in a week, with commodity and leisure shares leading the drop. Contracts on all three US benchmarks were lower, led by those on the Nasdaq ...

Read More »
Send this to a friend