Stocks

Bloomberg India’s equity benchmark falls in line with its regional peers, and is now set for a second day of declines. That slump will put the S&P BSE Sensex even further away from the key 50,000 level it was looking to breach last week. The benchmark slid 1% to 48525.55 as of 11:59 am in Mumbai, with four stocks falling ...

Bloomberg Markets were mildly risk-off on Monday as investors weighed strong economic data from China, US President-elect Joe Biden’s stimulus plans and surging coronavirus trends. Carrefour SA tumbled 5.8%, leading Europe’s Stoxx 600 lower, after Canada’s Alimentation Couche-Tard Inc. abandoned talks on a $20 billion merger. The dollar ticked higher, oil prices were weaker and US equity futures dipped. Asian ...

Bloomberg They know about the stretched valuations and everything that must go right to keep stocks aloft. And yet rather than shy away from frothy markets, plenty of investors are only now jumping in. The reason, it appears, is how far out of the market they had been prior to the latest and greatest leg of the run-up, the one ...

Bloomberg Private equity firms are refusing to be left out of the initial public offering boom. With technology IPOs sometimes doubling on day one, buyout shops are hoping to capture some of the buzz for their slower growth and higher leverage assets. Two private equity-backed companies went public on US exchanges this week, with two more filings on Friday for ...

Bloomberg Some analysts are turning even more bullish on India’s best-performing large-cap stock in 2020. In just about two weeks, at least four brokerages have raised their price targets on Divi’s Laboratories Ltd., one of the top producers of active pharmaceutical ingredients (API), with Jefferies India Pvt.’s estimate — which targets a 21% gain over the next 12 months from ...

Bloomberg The dollar strengthened, while European stocks and US equity futures fluctuated as investors focused on comments from the Federal Reserve and European Central Bank (ECB) about outlook for monetary stimulus. In Europe, governing council member Francois Villeroy de Galhau said the ECB will keep an easy stance for as long as needed, and US investors took comfort from remarks by ...

Bloomberg The priciest equities in more than five years are proving no deterrent for stock traders in China, where the benchmark is now nearing its all-time high. The CSI 300 Index rises 2.9% on Tuesday to close at a 13-year high, taking this month’s gain to 7.4% — its best-ever start to a year. Shares of brokerages rallied, an indicator ...

Bloomberg US stocks were mixed and benchmark Treasury 10-year note yields rise to a 10-month high as investors mulled the prospects of the economic recovery and vaccine rollout. The S&P 500 was little changed, with the energy and consumer discretionary sectors gaining, while utilities and communication services were the biggest decliners. Europe’s Stoxx 600 Index traded little changed. The dollar ...

Bloomberg Having slumped under the weight of a US executive order, China’s three major telecommunications companies are on the rebound in Hong Kong — supported by a record inflow of mainland cash. Mainland traders bought a record HK$19.5 billion ($2.5 billion) of Hong Kong stocks through trading links on Monday, according to data compiled by Bloomberg. China Mobile Ltd. led ...

Bloomberg India stocks advanced towards new peaks as sentiment was boosted by a positive start to the quarterly earnings season and the commencement of vaccinations in the nation this week. The S&P BSE Sensex climbed 0.5% to 49,012.73 as of 10:21 am in Mumbai, while the NSE Nifty 50 Index advanced 0.4%. Both gauges, heading toward fresh record highs, were ...