Stocks

Bloomberg A global stock rally powered by hopes that new Covid-19 vaccines will bolster economic growth paused on Tuesday as investors weighed the near-term spread of the virus. The Stoxx Europe 600 Index fluctuated at the open, while S&P 500 futures retreated a day after the underlying benchmark closed at an all-time high on news that Moderna Inc’s vaccine was …

Bloomberg Indian stocks rose as favourable initial results for a second Covid-19 vaccine fanned optimism of an exit from the pandemic. The S&P BSE Sensex climbed 0.7% to 43,959.75 in Mumbai, while the NSE Nifty 50 Index advanced by the same magnitude. Both gauges extended gains from all-time high closing levels. Strategists at brokerages including Goldman Sachs, Morgan Stanley, and …

Bloomberg Japan’s Nikkei 225 Stock Average may surpass 30,000 yen by the end of next year as corporate earnings improve amid an easy monetary policy and overseas demand for equities, according to a strategist at Daiwa Securities Co. Companies will post profits in fiscal 2021 as people and companies adapt to life with coronavirus, vaccines are developed and economic activity …

Bloomberg European stocks followed Asian shares and US futures higher on Monday, buoyed by positive sentiment on trade and signs of opposition to a national American lockdown. The dollar fell. The Stoxx Europe 600 opened higher, with Vodafone Group Plc shares climbing after the firm beat estimates and said it expects sales to recover from a first half dominated by …

Bloomberg The world’s largest regional free-trade agreement between Asian nations and the ruling out of a national US lockdown boosted sentiment to put Asia Pacific stocks on course to close at an all-time high. The MSCI Asia Pacific Index rallied as much as 1.5% to 187.70, helped by gains in heavyweights like Samsung Electronics Co and Taiwan Semiconductor Manufacturing Co. …

Bloomberg Corporate Asia is wrapping up a solid bounce-back quarter when it comes to earnings, but that’s hardly translating into stock gains for companies. With majority of the results out, companies in the MSCI Asia Pacific Index have delivered an aggregate positive earnings surprise of 7.7% so far, according to data compiled by Bloomberg. That’s versus a 23% aggregate miss …

Bloomberg Chinese authorities moved on a number of fronts to rein in potential risks to the Communist Party’s rule, touching everything from tech firms to bond markets to political dissent in Hong Kong. The actions rattled markets as investors sought to grasp the rationale for the changes emanating from Beijing’s opaque corridors of power. They came shortly after the shock …

Bloomberg Indian shares rallied to a record in the ceremonial evening session to mark Diwali, the Hindu festival of lights, as earnings of some of the country’s biggest companies bolstered optimism for a faster economic recovery. The S&P BSE Sensex and NSE Nifty 50 gauges ended higher in the one-hour session, paced by oil and gas companies. Tata Steel Ltd …

Bloomberg Chinese technology giants from Alibaba Group Holding to Tencent Holdings shed almost $260 billion of market value over two days of frantic selling, as investors scrambled to assess the fallout from Beijing’s broadest attempt to rein in its most powerful private-sector firms. Technology shares tumbled for a second day after Beijing issued regulations designed to curb the growing influence …

Bloomberg Stocks rise in Europe and Asia on Wednesday as investors continued a rotation into cyclical industries at the expense of technology shares. Crude oil rises. Gains in travel, energy and consumer stocks pulled the Stoxx Europe 600 Index higher at the open. Tech shares underperformed, including Dutch Internet provider Prosus NV and equities in Japan, Korea and Australia climbed …