Stocks

Bloomberg Equity investors have given Singapore’s Sembcorp Industries Ltd. a big thumbs-up this year after it shed its loss-making marine unit. But 2021 may prove to be a lot less euphoric, according to analysts. The utilities firm is 2020’s top gainer on the benchmark Straits Times Index, after being the worst performer in the preceding five-year period. However, concerns over …

Bloomberg Foreign investors may at last be returning to Japan’s stock market after a six-year selloff, amid the growing realisation of an opportunity that no other place can provide, a top fund manager says. Comgest Asset Management Japan Ltd. expects Japan’s profit growth to outpace that of the US, as corporate taxes will “almost certainly” rise under President Joe Biden. …

Bloomberg Saudi stocks rallied on Sunday, putting them on track to be the Middle East’s best performers in 2020, a day after the Opec+ group pledged a more hands-on approach to the oil market. Equities in Dubai were among the region’s best performers amid optimism over a rebound in tourism. The main index in Riyadh gained 0.3% as of 10:20 …

Bloomberg Global stocks advanced as Congress moved towards agreement on a spending package that would boost the economy. Treasuries were flat ahead of the Federal Reserve’s policy decision. Gains across markets were modest but broad-based, with the Stoxx 600 Index notching a third day of gains. The pound strengthened as Brexit negotiators worked to strike a trade agreement before the …

Bloomberg MSCI Inc. became the third index provider to delete some Chinese stocks from its benchmarks, after the Trump administration banned US investments in companies with links to the Chinese military. The firms include China Railway Construction Corp, China Spacesat, China Communications Construction, CRRC Corp., Hangzhou Hikvision Digital Technology Co., Dawning Information Industry Co. and Semiconductor Manufacturing International Corp, according …

Bloomberg India stocks advanced, with benchmarks headed for fresh peaks, on another sign that the economy is recovering. The S&P BSE Sensex climbed 0.7% to 46,577.84 as of 9:36 am in Mumbai, while the NSE Nifty 50 Index rises by the same magnitude. Both measures are headed for a fourth day of gains. Asian equities gained as US lawmakers moved …

Bloomberg US futures are signalling a rebound after the S&P 500 capped its longest slide since September. In other markets, trading was mixed amid lingering worries about tougher lockdowns. Contracts on the S&P 500 and Nasdaq 100 Index climbed about 0.3 percent, giving a hint of investor optimism after a bruising session on Monday. Elsewhere in markets, the mood was …

Bloomberg India’s stock benchmarks erased losses as investors assessed a nascent economic recovery. The S&P BSE Sensex added 0.1% to 46,289.58 as of 2:30 pm in Mumbai, while the NSE Nifty 50 Index advanced by the same magnitude. Both indexes earlier dipped as much as 0.9%. Asian equities were broadly lower as investors considered the prospects of further virus-related business …

Bloomberg Stocks started off the week on a bullish note as investors took comfort from further stimulus bill negotiations and the impending deployment of the first vaccine in the US S&P 500 futures gained about 0.6%, with the first deliveries of the Pfizer Inc-BioNTech SE vaccine in the US due to arrive on Monday. A bipartisan group of lawmakers is …

Bloomberg India’s smaller stocks are beating their larger peers for the first time in three years, and some strategists say that outperformance will likely continue at least through next year. The Nifty Midcap 100 Index has climbed 20% this year, and the Nifty Smallcap 100 Index has advanced 17%, outpacing the 11% gain in the large-cap NSE Nifty 50 Index. …