Stocks

Bloomberg European stocks dropped on Tuesday as a planned lockdown in Germany amid a resurgence of virus cases cast doubt on the region’s nascent economic recovery. The Stoxx 600 Index falls 0.5%, dragged lower by travel shares and cyclicals as Chancellor Angela Merkel put Germany into hard lockdown over Easter to try to defuse another wave of infections. The move …

Bloomberg Stocks edged lower with US equity futures on Monday, though technology shares outperformed as Treasury yields retreated from recent highs. The Stoxx 600 Index dropped 0.2%, with tech shares and automakers among the few sectors in the green. Futures on the S&P 500 Index also dipped, while those on the tech-heavy Nasdaq gauge advanced. In Asia, Chinese stocks rallied …

Bloomberg President Joe Biden’s potential tax hikes will likely deal only a temporary blow to US equities thanks to the tide of fiscal spending, including the prospect of growth-friendly infrastructure outlays, strategists said. Stocks are pricing in the good news around infrastructure and showing “little concern about tax hikes,” Goldman Sachs Group Inc. strategists led by David Kostin wrote in …

Bloomberg A negative yield was quoted for the first time ever on India’s sovereign bond trading platform, traders said, triggering intense speculation about the motive. The 6.17% bond maturing in 2021 was offered at a negative yield of around 1.5%, according to traders who saw the quote on the Clearing Corporation of India’s Negotiated Dealing System — Order Matching, or …

Bloomberg If investors keep pouring money into equity funds at their current pace, it could add a “breathtaking” $1.6 trillion to stocks this year, Bank of America Corp. (BofA) strategists say. Despite the market volatility spurred by rising bond yields and inflation bets, equity funds attracted a record $68.3 billion in the week through March 17, according to a BofA …

Bloomberg Stocks dropped while US futures drifted ahead of a key Federal Reserve meeting at which officials will deliver their outlook for the economy amid a budding recovery that risks stoking inflation. Treasury yields edged higher. The Stoxx Europe 600 Index slipped as declines in retail shares outweighed gains for automakers. BMW AG shares rose 4% after the company forecast …

Bloomberg Chinese search engine Baidu Inc. is on track to raise about HK$23.9 billion ($3.1 billion) in its Hong Kong share sale, the latest in a string of blockbuster equity offerings in the financial hub, people with knowledge of the matter said. The company told prospective investors it plans to price the deal at HK$252 per share, according to the …

Bloomberg As rising US Treasury yields and potential credit tightening in China expose Chinese stock traders to wild market fluctuations, their bond peers are enjoying a period of relative calm. A measure of 30-day volatility in Chinese shares has surged to its highest since August as the benchmark CSI 300 Index struggles to recover from a rout that’s seen it …

Bloomberg European stocks opened higher as investors looked past turmoil in vaccine rollouts towards the prospects for economic recovery in the region. The Stoxx 600 Index rose 0.4%, with virtually all sectors in the green, including travel and leisure shares which have erased their pandemic losses. Germany, France and Italy decided in a coordinated step to suspend the AstraZeneca Plc …

Bloomberg China Mobile Ltd. is considering an A-share listing after the country’s largest wireless carrier was removed from the New York Stock Exchange (NYSE) under a Donald Trump-era investment ban, according to people familiar with the matter. The state-owned firm has discussed the potential offering with advisers as it looks for new avenues to fund its 5G network development, said …