Bloomberg Philippine stocks are beating global peers this week after having spent much of the year in the company of the world’s worst-performing equity markets. The turnaround has been spurred by economic reopenings and a drop in the pace of Covid-19 cases, which saw foreign investors turning net buyers of local stocks after 28 days of selling. The Philippine Stock ...
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Bonds decline on stimulus bets; European stocks slide
Bloomberg Treasuries dropped alongside the dollar amid speculation that Washington lawmakers have made some progress on a stimulus package to be financed by trillion-dollar borrowing. The US 10-year yield broke above 0.8% to a four-month high and European bonds followed suit after Democrat House Speaker Nancy Pelosi expressed hope for political compromise on a stimulus bill this week. Outside of ...
Read More »Volatile end of year could put a limit on European equity gains
Bloomberg European equities may not catch a break from being stuck in neutral as they head into a volatile end of the year, according to strategists surveyed by Bloomberg. The Stoxx Europe 600 Index will end the year at 371 points, leaving just 1% upside against Tuesday’s close, based on the average of 18 strategists polled in the study. They ...
Read More »US futures extend gains amid final stimulus push
Bloomberg US equity futures extended gains as investors clung to hopes for a deal in stimulus talks. Europe equities fluctuated after a string of positive earnings. Logitech surged as much as 22% to a record high after the tech hardware maker raised its sales forecast. UBS gained after the Swiss bank’s profit beat estimates and Reckitt Benckiser hiked its revenue ...
Read More »SoftBank amasses over $20 billion in public stock unit
Bloomberg SoftBank Group Corp. charged ahead with its new public stock trading arm, increasing equity positions to more than $20 billion despite an initially skeptical response from shareholders, according to a person familiar with the investments. Bloomberg reported in August that SoftBank had been targeting more than $10 billion and that the sum could reach into the tens of billions. ...
Read More »European stocks, futures rise on stimulus hope; bonds fall
Bloomberg Stocks in Europe advanced with US futures amid fresh optimism about progress on stimulus talks in Washington. Treasuries dipped. In Europe, banks and insurers led gains while health care and energy firms lagged. Julius Baer posted one of the biggest jumps after third-quarter inflows accelerated at the Swiss wealth manager. S&P 500 Index futures climbed after the gauge closed ...
Read More »Thai stocks slump to six-month low
Bloomberg Thailand’s key equities gauge tumbled to its lowest level in more than six months on concern mounting anti-government protests will further hurt company earnings and delay an economic recovery. The benchmark stock index slid 1.8% to 1,212.12 as of 11:18 am in Bangkok, its lowest level since April 16. The measure has erased almost 5% since October 14, when ...
Read More »SoftBank shares climb to a new 20-year high
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 ...
Read More »Brexit no match for pandemic’s grip over European markets
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 ...
Read More »Canadian transport shares rally over e-commerce blitz
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 ...
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