Stocks

Bloomberg SoftBank Group Corp. shares climbed to a new 20-year high as investors rally behind founder Masayoshi Son‘s more cautious strategy of selling assets, paring debt and buying back shares. The Tokyo-based company’s stock gained more than 3% to 7,244 yen, the highest level since March of 2000 in the midst of the dot-com boom. The stock had already hit …

Bloomberg European investors started the past week preparing for a Brexit showdown. They ended up getting blindsided by a fresh wave of virus restrictions, in a reminder of the pandemic’s power to thrash markets. The announcements of Paris curfews and London curbs on activity was what ultimately drove the Stoxx 600 to its first weekly loss in three and sent …

Bloomberg A rally in Canadian transport stocks is gaining momentum, backed by a pick-up in e-commerce as consumers favour online shopping amid a resurgence of coronavirus in parts of the country. The ongoing pandemic, coupled with strong demand from online retail sales in the third quarter and Amazon.com Inc.‘s two-day Prime Day sale this week, turned investors’ attention to shares …

Bloomberg European stocks rise with US futures as investors prepared for some of the biggest banks to report earnings including Wells Fargo & Co. and Bank of America Corp. The pound pared declines after the UK signalled it will continue efforts to reach an agreement with the European Union on their future relationship beyond Prime Minister Boris Johnson’s October 15 …

Bloomberg Chinese domestic equities are worth more than $10 trillion for the first time since 2015, when a record crash erased half the market’s value in months and saddled millions of investors with losses. The world’s second-largest stock market added $3.3 trillion since a low in March, helped by Beijing’s policies to encourage trading, a flurry of new listings that …

Bloomberg European stocks edged lower with US equity futures as investors weighed a potential setback on progress toward a coronavirus vaccine ahead of a busy period for corporate earnings. The dollar and Treasuries advanced. S&P 500 contracts fall as much as 0.6% after a report that Johnson & Johnson’s Covid-19 vaccine study has been paused due to an unexplained illness …

Bloomberg India’s stock benchmark eked out gains to rise for a ninth straight day, as investors shrugged off concerns about a halt in Johnson & Johnson’s Covid-19 vaccine study and rising domestic inflation. The S&P BSE Sensex closed up 0.1%, after swinging between gains of 0.5% and losses of 0.3% following Johnson & Johnson’s announcement that its study had been …

Bloomberg Stocks and US futures rise as investors focused on the prospect for more stimulus and improving corporate earnings. The offshore yuan falls after China’s central bank took steps to restrain a recent rally. The Europe Stoxx 600 Index gained 0.5%, Nasdaq 100 Index futures added 1% and the MSCI Asia Pacific Index rallied to the highest since mid-2018. Chinese …

Bloomberg China stocks climbed on optimism before President Xi Jinping’s address in the southern city of Shenzhen this week. The Hang Seng China Enterprises Index rises 2.7%, poised for the most since July 6, as of 3:07 pm in Hong Kong. Xiaomi Corp. surged 7.9% to lead gains, while Industrial & Commercial Bank of China Ltd. (ICBC) jumped the most …

Bloomberg China’s massive renewable energy industry has seen shares soar since President Xi Jinping announced the country aims to go carbon neutral by 2060. That surge continued as mainland-listed solar giants like Longi Green Energy Technology Co. and Tongwei Co. jumped in their first trading after a week-long holiday during which some peers in Hong Kong posted gains of more …