Stocks

India stocks fluctuate as investors assess rally to 6-month high

Bloomberg India’s benchmark stock index swung between gains and losses as investors assessed the recent rally that drove the gauge to a six-month high. The S&P BSE Sensex was little changed at 38,813.79 as of 11:42 am in Mumbai, having fluctuated between an advance of 0.5% and a decline of 0.3%. The NSE Nifty 50 Index was also little changed. ...

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European stocks advance to one-week high; dollar falls

Bloomberg European stocks climbed to a one-week high and equity futures rose amid a thaw in US and China relations and hopes of wider access to new coronavirus treatments. The rally in the Europe Stoxx 600 Index was broad based, with all 19 industries posting gains. BT Group advanced after Sky News reported that the board is on alert for ...

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India stocks rise as benchmark index forms ‘golden cross’

Bloomberg Indian stocks climbed along with Asian equities, with the benchmark index forming a pattern that some analysts read as a sign of more gains to come. The S&P BSE Sensex climbed 0.6% to 38,673.41 as of 10:17 am in Mumbai, making a ‘golden cross’ — a bullish indicator when the 50-day moving average rises above the 200-day line. The ...

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South Africa’s main stock index gains 1.3%

Bloomberg South Africa’s main stock index advances for a second day, rising 1.3% by 9:46 am in Johannesburg, as improved risk appetite among investors spurs gains for 104 of the 150 listed companies. Naspers Ltd. contributed the most to the rising benchmark index, climbing 2.5% to the highest in more than a week after assurances from White House officials that ...

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Hong Kong stocks climb

Bloomberg Shares of Hong Kong-based companies climbed, with a gauge reaching its highest in five months, after local media reported the number of new coronavirus cases fell to single digits for the first time since July. The MSCI Hong Kong Index rise 2% as of 4:22 pm The city was expected to report nine new infections on Monday, the South ...

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European stocks edge up after Wall Street record; gold drops

Bloomberg European stocks turned higher with US futures as investors signalled continued optimism in the post-pandemic rally after shares hit all-time highs on Wall Street. Gold slipped back below $2,000 an ounce. Gains in food shares including Nestle SA countered declines in insurers on the Stoxx Europe 600 Index. Contracts on both the S&P 500 and Nasdaq 100 swings to ...

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Dollar sinks to lowest level since May 2018

Bloomberg The dollar sinks to its lowest level since May 2018 on concern that the world’s biggest economy will struggle to regain momentum amid a standoff over further virus relief and as infections continue to mount. The greenback has now erased most of the gains it built on the back of US-China trade tensions that started heating up around two ...

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European stocks drift with US futures as gold advances

Bloomberg European stocks struggled for traction with US equity futures as the Trump administration stoked tensions with Beijing by announcing new restrictions on Huawei Technologies Co. A dollar gauge slid to the lowest since 2018. Jewellery maker Pandora A/S led losses in the Stoxx Europe 600 Index after saying sales may contract as much as 20% this year. Asian chipmakers ...

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High yields can’t stop global fund exodus from Indian bonds

Bloomberg Global funds used to clamour for more access to India’s debt markets. The high-yielding bonds are now the least popular in Asia as the nation struggles to contain the coronavirus pandemic. Overseas funds have sold $14.6 billion of Indian corporate and government bonds this year, the most among emerging-Asian nations, according to data compiled by Bloomberg. Indonesia has also ...

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US stocks advance towards record with rally in big tech

Bloomberg US stocks climbed toward an all-time high as a rally in technology companies tempered a slide in banks. Treasuries rose. The S&P 500 took aim at its February closing record, buoyed fresh Chinese stimulus overnight. The index twice popped above the high last week before fading. The Nasdaq 100 outperformed as a jump in Tesla Inc. and Nvidia Corp. ...

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