Stocks

BLOOMBERG Global headwinds and expensive stock valuations necessitate a cautious approach toward Indian equities in the short term as the country prepares for next year’s national elections, according to Goldman Sachs Group Inc. “The sharp rally since end-March, expensive valuations and global macro risks (high oil, high US rates, strong dollar) warrant a tactically conservative stance over the next three ...

BLOOMBERG European shares crept higher following three straight loss-making days, after softer US economic data sparked a late bounce on Wall Street and soothed fears of a Federal Reserve interest rate hike next month. Gains were fragile however, with Europe’s Stoxx 600 index edging just 0.1% higher after closing at the lowest in more than six months, while futures for ...

BLOOMBERG A retreat in European stocks deepened on Wednesday, sending the benchmark index to the lowest in more than six months as bond yields climbed on worries of higher-for-longer interest rates. The Stoxx 600 was down 0.2% in London, sliding for a third straight session as the yield on 30-year Treasuries hit 5% for the first time since 2007. In ...

BLOOMBERG The selloff in US Treasuries extended into a third straight day, with 30-year yields touching 5% for the first time since 2007 and sending global financial markets into a tailspin. As conviction grew that US interest rates could rise further from current 22-year highs, 10-year Treasury yields also climbed closer to the key 5% threshold. That pushed the MSCI ...

BLOOMBERG Chinese stocks listed in Hong Kong slumped as trading resumed after a holiday, hurt by a broad risk-off mood across the region and continued concern about the nation’s economic outlook. The Hang Seng China Enterprises Index slid 3.2%, the most in nearly three months. Support from mainland traders was absent as markets there remain closed for the Golden Week ...

BLOOMBERG Stocks dropped with US Treasuries after hawkish signaling from the Federal Reserve bolstered speculation the US central bank will keep raising interest rates to counter inflation. UK fast-fashion retailer Boohoo Group Plc was among the sharpest decliners in Europe, plunging 10% after lowering its forecasts as it cuts prices to attract struggling shoppers. The region’s Stoxx 600 index retreated ...

BLOOMBERG Japanese equities are set to climb over the next six months, helped by optimism for corporate profitability and speculation the US will pause interest rate hikes, according to strategists. The Nikkei 225 Stock Average will rise to 34,000 at the end of the fiscal second half through March, according to the median forecast of strategists surveyed by Bloomberg News. ...

BLOOMBERG Stocks rose and Treasuries fell after US lawmakers reached a deal on the weekend to avoid a government shutdown. Europe’s Stoxx 600 index rose about 0.2% on the first trading day of the fourth quarter, and futures on the Nasdaq 100 advanced 0.7% after compromise legislation passed on Saturday to keep the government running until November 17. Both indexes ...

BLOOMBERG Oil prices pushed closer to $100 a barrel, stoking expectations interest rates will stay higher for longer and keeping pressure on global markets. The US benchmark oil price briefly surpassed $95 a barrel for the first time in more than a year and Brent traded near $97 after a drop in stockpiles at a major storage hub underscored a ...

BLOOMBERG European shares rose for the first day in five as bonds recovered and a selloff sparked by rate fears abated. The Stoxx 600 ticked higher, led by technology and energy companies. US equity futures added about 0.5% and a measure of global equities fell below its 200-day moving average, suggesting stocks may be entering oversold territory after teetering on ...