Stocks

Bloomberg Deliveroo Holdings Plc, which collapsed in its London debut last week after a 1.5 billion-pound ($2.1 billion) initial public offering (IPO), gained as much as 3.9% as retail investors began to trade the company’s shares. Although the food-delivery startup listed publicly on the standard segment of the London Stock Exchange, trading remained conditional, meaning only institutional investors were allowed …

Bloomberg Foreign investors are using the selloff in Malaysian glove makers to return to last year’s stock market stars. Top Glove Corp. and Supermax Corp. are among the top three stocks on the buy list of foreigners this year through April 2, attracting net inflows of 1.4 billion ringgit ($340 million), according to CGS CIMB Research. Global funds bought a …

Bloomberg American stock futures dipped, suggesting the rally that drove the S&P 500 to an all-time high may pause as concern China is curtailing loan growth tempered optimism stoked by the US economic rebound. Contracts on the S&P 500 slipped along with those on the Nasdaq 100 after large US technology stocks rise, including a surge by Facebook Inc. to …

Bloomberg Gold advanced as investors weighed a drop in real yields against solid US data that signaled a recovery from the pandemic. Bullion rises as much as 0.6% after ending it was little changed. Real yields fall for the third time in four sessions, buoying gold’s attractiveness. Still, data point to a rebound as more Americans are vaccinated against the …

Bloomberg US futures edged higher while most Asian stocks climbed as investors digested the unexpectedly strong jobs report. Bonds steadied from earlier losses. S&P 500 futures rise 0.1%, adding to last week’s gains when payrolls data showed US employers added the most jobs in seven months. Treasuries pulled back from a selloff last week, with the benchmark 10-year yield steadying …

Bloomberg The prospect of tax hikes may not have derailed gains in US stocks yet, but 100 years of data say the market is far from impervious to them. Stocks can take a hit when rates rise on corporations and individuals, according to Julian Emanuel, chief equity and derivatives strategist at BTIG LLC. He sees 13 such instances, most recently …

Bloomberg Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension pot, considers the impact of its investments on markets and isn’t distorting the country’s stocks, said Hirohide Yamaguchi, the newly appointed chairman of the fund’s board of governors. Yamaguchi, a former deputy governor of the Bank of Japan (BOJ), said also that it was important to look at the …

Bloomberg The spike in bond yields this year may have spooked many global equity investors, but fans of the historically underperforming European market are winning big. The blue-chip Euro Stoxx 50 Index has surged 11% this year, outpacing other major market benchmarks including the S&P 500 Index and the Nasdaq Composite Index. A predominance of cheap and cyclical shares has …

Bloomberg The day-trading Reddit crowd turned the first quarter of 2021 into one of the wildest periods of stock market mania in modern history. Books — plural — will undoubtedly be dedicated to the topic in years to come. But after these small-time speculators banded together to drive up dozens of obscure stocks by hundreds or even thousands of percent …

Bloomberg Deliveroo Holdings Plc shares plunged as much as 31%, the worst performance in decades for a big UK initial public offering, dealing a blow to London’s efforts to establish itself as a hub for technology listings in the wake of Brexit. The stock dropped 23% to 299.55 pence at 9:49 am in London after the 1.5 billion-pound ($2.1 billion) …