Stocks

Bloomberg Global stocks and US futures climbed as concern over volatile retail trading receded and China took steps to ease a cash crunch. Silver crossed $30 an ounce for the first time since 2013 in a Reddit-fuelled frenzy. Europe’s Stoxx 600 Index rallied 1%, led by silver mining companies. The MSCI Asia Pacific Index added 1.7%, the biggest gain in ...

Bloomberg South African stocks have made their best start to the year since 2012, even after last-week’s pullback, and JPMorgan Chase & Co. and Bank of America are among those predicting further gains. A global appetite for riskier assets has propelled emerging market inflows and the Johannesburg exchange is set to benefit from its heavy weighting in mining stocks as ...

Bloomberg Hong Kong’s stock rally is so dependent on mainland capital that the mere suggestion the record inflows will slow has the potential to stir panic in the city’s $7.1 trillion market. Such was the case, when the People’s Bank of China (PBOC) withdrew incremental liquidity and an adviser warned obliquely of asset bubbles. The result was the biggest drop ...

Bloomberg If history is a guide, the recent rough ride for Indian stocks will continue after Monday’s budget. The S&P BSE Sensex index has climbed in the month after budget day on only two of the past seven years since Prime Minister Narendra Modi came to power, while falling or staying rangebound on other occasions. Risks are compounded in 2021 ...

Bloomberg Bank of America Corp. (BofA) increased margin requirements to 100% for wealth-management and self-directed brokerage clients to trade certain stocks, as firms impose limits amid wild price swings sparked by investors on social media. The margin requirements apply to Merrill Lynch wealth-management clients and individual traders using the Merrill Edge platform, according to Bank of America. Margins for stock ...

Bloomberg Japan’s equity rally last year in the face of foreign selling is challenging conventional wisdom that purchases by overseas investors are necessary for the market to keep rising. And that breakdown in correlation bodes well for the country’s shares. The Nikkei 225 Stock Average advanced 16% in 2020 despite more than 6 trillion yen ($58 billion) of foreign net ...

Bloomberg Stocks drifted lower with US equity futures on Wednesday as investors weighed earnings reports and awaited the conclusion of the first Federal Reserve policy meeting of the year. The Stoxx Europe 600 Index opened modestly down amid a wave of corporate results. Luxury conglomerate LVMH edged higher after sales of fashion and leather goods soared in the fourth quarter. ...

Bloomberg Tencent Holdings Ltd. slumped after a world-beating surge in the stock pushed its market value to the cusp of $1 trillion for the first time. The Chinese internet behemoth lost 6.3% in Hong Kong on Tuesday, putting its market capitalisation below $890 billion. Traders took profit after Monday’s 11% rally, which was Tencent’s biggest in almost a decade. Adding ...

Bloomberg Global stocks were mixed as M&A deals gave a boost to Europe, while worries about new virus variants and hurdles to the Biden administration’s stimulus proposal fanned a risk-off mood in the US and Asia. S&P 500 equity futures dropped, while Treasury yields climbed as President Joe Biden said he’s open to negotiating his $1.9 trillion Covid-19 relief proposal. ...

Bloomberg Hong Kong’s equity traders can’t get enough of Tencent Holdings Ltd., the $950 billion giant that’s on pace for its biggest ever monthly gain. They’re paying up for bullish derivatives tracking the Chinese internet firm, buying thousands of January call options that expire on Thursday. The price of one Tencent contract — which bets the stock will rise past ...