Stocks

Bloomberg Hedge funds turned bearish on the dollar for the first time since May 2018, an indication that a summer slump in the world’s reserve currency will be prolonged. Net futures and options positions held by leveraged funds against eight other currencies dropped to minus 7,881 contracts last week, according to data aggregated from the Commodity Futures Trading Commission. The ...

Bloomberg Indian stocks swung between gains and losses as investors weighed corporate earnings that beat expectations against rising coronavirus infections. The S&P BSE Sensex were little changed at 37,872.50 as of 9:48 am in Mumbai after dropping as much as 0.4% and gaining as much as 0.6%. The NSE Nifty 50 Index swung in a similar range and most recently ...

Bloomberg This week’s run-up in US stocks towards their highest levels on record seems an anomaly, considering the political breakdown over a $1 trillion-plus fiscal stimulus package, and it’s spurring concerns from Wall Street to Capitol Hill. Federal Reserve officials and private economists alike have emphasised that a sharp drop-off in government spending imperils a recovery from the historic collapse ...

Bloomberg Gold posted its first weekly drop in more than two months after being buffeted by climbing real yields, profit-taking and uncertainty over US-China trade talks. Bullion is ending a week filled with big price fluctuations on a relatively tame note, trading at more than $100 an ounce below last week’s record after dropping the most in seven years. Both ...

Bloomberg US equity futures advanced and stocks edged higher in Europe as bank shares rallied and bond yields climbed globally. Gold rebounded after finding support below $1,900 an ounce. Advances in ABN Amro Bank NV and HSBC Holdings Plc offset drops in tech and real estate shares on the Stoxx Europe 600 Index. The pound held Tuesday’s drop versus the ...

Bloomberg Tesla Inc. is splitting its elevated shares in a 5-for-1 exchange, a move timed to make the stock less expensive for individual investors after the company become the world’s most valuable automaker. Its shares surged on the news in aftermarket trading. Each shareholder of record on August 21 will receive a dividend of four additional shares of common stock ...

Bloomberg Indian equities declined, halting their longest run of gains in three weeks, as economic growth concerns resurfaced amid a steady increase in new infections. The S&P BSE Sensex falls 0.4% to 38,244.45 as of 9:40 am in Mumbai, after rising for four straight sessions. The NSE Nifty 50 Index also declined by a similar magnitude. The nation’s factory output ...

Bloomberg Equities rise globally alongside US index futures after President Donald Trump said he’s considering a tax cut on capital gains. Gold slipped for a third day. From carmakers to energy stocks, a broad rally swept the Stoxx Europe 600 Index higher. Momentum carried forward from Asia, where a benchmark gained the most in a week, and from the US, ...

Bloomberg India’s benchmark equity index rose, in line with peers in Asia, as investors weighed the prospect of business recovery against the pace of new coronavirus infections. The S&P BSE Sensex gained 0.7% to 38,434.13 as of 10:06 am in Mumbai, set for its longest stretch of gains in three weeks. The NSE Nifty 50 Index also advanced 0.6%. India’s ...

Bloomberg South Africa’s main stock index climbs 1.6% by 9:43 am in Johannesburg as gains in diversified miners and a rally in Richemont counters weakness in index giant Naspers Ltd. It’s the market’s first trading session of the week following Monday’s holiday. Sasol reverses earlier weakness to be 0.9% higher. Stock retreated as much as 3.1% after the company said ...