Stocks

Bloomberg India’s equity benchmark is set to snap its longest losing streak since March following a global rally in equities. The S&P BSE Sensex rose 1% to 37,324.84 as of 10:25 am in Mumbai. The gauge had declined in six of the last seven sessions as some investors judged its rebound from March lows as overdone in the backdrop of ...

Bloomberg European equities climbed after falling the most since March in July as euro-area manufacturing returned to growth. The Stoxx Europe 600 Index was up 0.2%, led higher by the media and tech sectors. Banks were the worst performers, with HSBC Holdings Plc down 3.8% after first-half pretax profit missed estimates and more than halved to $5.6 billion, while Societe ...

Bloomberg Having suffered the worst first-half performance in any year since 2008, a gauge of Philippine’s property stocks is faring worse than the nation’s benchmark index in 2020 after six years of outperformance. The losses have also erased the valuation premium real estate shares typically command over the broader market — an occurrence that’s seen them stage a sharp rebound ...

Bloomberg South Africa’s main stock index erases gains of as much as 0.4% to fall 0.5% by 9:40 am in Johannesburg, as weakness in banks and MTN Group counter a rise in heavyweight BHP and a soaring Shoprite. The losses come amid a resurgence in Covid-19 cases in parts of the US and Europe, raising concern that the economic rebound ...

Bloomberg European stocks climbed on the back of strong earnings reports. Gold stabilised below $2,000 an ounce and US futures fluctuated. Games Workshop Group Plc led gains in the Stoxx Europe 600 Index after posting an increase in full-year profit. Peugeot maker PSA Group climbed 3.8% after sticking to its outlook. Silver retreated alongside base metals. The dollar traded near ...

Bloomberg Equity mutual funds in India may witness their first monthly net outflows in more than four years as investors continue to cash out to tide over the pandemic-related credit crunch, while others hold off adding more in a rising stock market. Net withdrawals from stock plans may top 10 billion rupees ($134 million) in July, said Nilesh Shah, managing ...

Bloomberg South Africa’s main stock index erases gains of as 0.3%, to decline 0.6% by 9:54 am in Johannesburg, with gold shares retreating the most in more than a month as the rally in bullion cools. Luxury retailer and market heavyweight Richemont weighs on the benchmark index after earnings from French peer LVMH disappoint analysts. Globally, investors are betting setbacks ...

Bloomberg Taiwan’s equity benchmark broke a record that stood for three decades, helped by the biggest surge in years for the economy’s biggest stock. The Taiex closed 2.3% higher Monday as Taiwan Semiconductor Manufacturing Co. soared the 10% daily limit. The $35 billion addition to its market capitalisation makes TSMC the 12th most valuable stock worldwide, ahead of US retail ...

Bloomberg European equities moderately extended last week’s drop, as new virus data suggested setbacks in global efforts to contain coronavirus pandemic, with airlines and other travel-exposed stocks leading declines. The Stoxx Europe 600 Index was down 0.4% as of 8:20 am in London, with most sectors in negative territory. German stocks rose 0.4%, while Spain’s IBEX was the worst-performing large-country ...

Bloomberg South Africa’s main stock index gains 0.3% in Johannesburg, as a weaker dollar boosts prices of precious metals, with record bullion prices lifting gold producers to a fresh all time record, and higher platinum prices bolstering local producers. Risk sentiment has been strengthened by optimism over the upcoming US Federal Reserve meeting, which has drowned fears over simmering Sino-American ...