Stocks

Bloomberg Hong Kong’s stock traders are about to find out whether the $7.3 trillion market can hold its own without its biggest source of flows. Starting Tuesday, trading links via Hong Kong’s exchange operator allowing mainland traders to buy domestic stocks will halt through February 17 due to the Lunar New Year holiday. The stock connect closure will slam the ...

Bloomberg Global stocks rise to a record on reflation bets after Janet Yellen pushed for rapid US stimulus and coronavirus infections slowed across the globe. Brent oil advanced above $60 a barrel for this first time in more than a year. US equity futures received a boost from comments by Treasury Secretary Yellen that the US can return to full ...

Bloomberg Having propelled the benchmark gauge almost 10% this week in a budget-driven rally, stock bulls in India are now counting on earnings to be the catalyst for the next leg up. The 34 NSE Nifty 50 Index members that have declared December-quarter results have posted a 34% jump in earnings from a year earlier, according to a note from ...

Bloomberg The Swiss National Bank’s (SNB) portfolio of US equities rose to a record $141 billion as of December, reflecting a buoyant stock market. Switzerland’s central bank has 20% of its reserves in stocks, and its filing to the Securities and Exchange Commission showed it owned shares in 2,490 companies as of December 31. Notable holdings included Apple Inc., Amazon ...

Bloomberg Near the start of December, a mystery over-the-counter trade pulled about $7 billion from Vanguard Group’s S&P 500 exchange-traded fund. It just got it all back and more. The $194 billion Vanguard S&P 500 ETF (ticker VOO) added $8.7bn on a single day this week, about two months after that record withdrawal. Similar to 2020 mega outflow, VOO’s cash ...

Bloomberg The rally in global stock markets extended into a third day on Wednesday as companies from Amazon.com Inc. to Vodafone Group Plc posted strong results and the retail-trading frenzy subsided. The Stoxx 600 Index climbed 0.7%, with most sectors in the green as corporate results rolled in. Italian stocks and bonds surged after Mario Draghi, the former European Central ...

Bloomberg GameStop Corp. shares continued their rapid fall back toward earth on Wednesday, with last week’s massive peak becoming a distant memory. The stock listed on Germany’s Tradegate venue falls to $71.99, implying a drop of about 20% from Tuesday’s New York closing price of $90. GameStop, the poster child for Redditors looking to squeeze short sellers, plunged 60%, and ...

Bloomberg South Korea bowed to pressure from its increasingly dominant retail investors and extended its pandemic-imposed ban on short-selling until May 2. The ban, which had been scheduled to expire on March 15 — a year after it was put on place — will be lifted on May 3 for stocks on the benchmark Kospi 200 Index and the small-cap ...

Bloomberg Apple Inc. has sold $14 billion of bonds to take advantage of cheap borrowing costs, tapping the market for a third time since May as the company looks to return more cash to shareholders. The company issued debt in six parts. The longest portion of the offering, a 40-year security, will yield 95 basis points above Treasuries, after initially ...

Bloomberg Global stocks climbed on renewed hopes for stimulus, progress on vaccinations and receding concerns about volatile retail trading. Silver pulled back from an eight-year high. Europe’s Stoxx 600 Index gained around 1%, with technology shares outperforming ahead of earnings from Amazon.com Inc. and Google’s parent Alphabet Inc. BP Plc dropped after posting results that fell short of expectations on ...