Stocks

Bloomberg A drought in India’s initial public offerings (IPOs) might be easing with companies preparing to tap a buoyant stock market after investors piled into two recent sales. A bunch of firms — ranging from a drugmaker to a jeweller — will likely test investor demand over the next few months, helping revive fundraising through first-time sales from the lowest …

Bloomberg South Africa’s main stock benchmark was little changed in early trading on Wednesday as weakness in banks and index heavyweight Richemont countered gains in miners and index giant Naspers Ltd. Investors are awaiting the conclusion of a Federal Reserve meeting to gauge the extent of central bank support for the economic recovery. The Fed is expected to maintain its …

Bloomberg European stocks climbed for a third day, supported by improving Chinese economic data and positive results coming from retailers. US equity futures advanced and the euro strengthened. Ocado Group Plc rallied after the UK grocery delivery company reported a strong surge in sales. Hennes & Mauritz AB jumped after beating profit estimates. European government bonds fall. The offshore yuan …

Bloomberg Bond investors in three of Asia’s biggest emerging markets are starting to push back against record increases in government borrowing, an ominous sign for policy makers trying to revive economic growth with fiscal stimulus. In India, dwindling appetite for sovereign bonds drove yields to their biggest increase in more than two years last month while Indonesia’s latest bond auction …

Bloomberg Global stocks climbed after a two-week slump and US futures rallied amid a flurry of deal activity and signs of progress towards a virus vaccine. Travel stocks led gains in the Stoxx Europe 600 Index, while contracts on the Nasdaq 100 Index added 1.4%. The dollar edged lower, gold climbed and Treasuries were little changed ahead of this week’s …

Bloomberg SoftBank Group Corp. will raise about 1.2 trillion yen ($10.4 billion) from selling about a third of its domestic wireless arm, marking Japan’s biggest secondary share sale in a decade. The Japanese firm said it will sell SoftBank Corp. shares at 1,204.50 yen apiece. Including an over-allotment option, the group will raise about $11.6 billion in total from the …

Bloomberg South Africa’s main stock index gains 0.4% by 9:49 am in Johannesburg, advancing for the sixth consecutive day, the longest streak of gains since January, as signs of progress toward a virus vaccine lifts risk appetite, driving markets higher. More than 50% of the listed South African companies climb, with the four biggest stocks — Naspers Ltd., Anglo American …

Bloomberg India’s mid- and small-cap stocks are set to receive a boost after the regulator tweaked rules for multi-cap mutual funds, a move analysts say could push about 400 billion rupees ($5.4 billion) to the broader market. Multi-cap funds must hold at least 75% of their assets in equities — up from 65% at present — with 25% each in …

Bloomberg SoftBank Group is considering revamping a controversial strategy of using derivatives to invest in tech companies, and its executives have met with investors in recent days to assure them that the bets are relatively conservative. The Japanese conglomerate has stressed to investors that its billion-dollar positions have been concentrated in a handful of blue-chip tech companies, including Microsoft Corp. …

Bloomberg Chinese bank stocks: never this cheap, rarely so unloved. Weakened by the government’s call to sacrifice profitability, stung by ultra-low interest rates and the threat of souring loans, the country’s Hong Kong-listed banks have seen their market value contract by $194 billion in 2020 as of Wednesday. Their share of the MSCI China Index has shrunk to a measly …