Stocks

Foreign funds reverse $17bn record exodus in India stocks

BLOOMBERG Foreign funds reversed their record exodus from Indian stocks as the country’s appeal as an alternative to China grows, boosting valuations for its equity market to a new peak. Global investors bought $17.2 billion of shares in the South Asian nation on a net basis this year through September 1, which more than made up for their retreat in ...

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Stocks retreat on dismal data in China and Europe

BLOOMBERG European stocks retreated after a fresh set of downbeat economic data from the euro area and China, while the single currency sank to a nearly three-month low against the dollar. The Stoxx 600 dropped as much as 0.8%, edging lower for the fifth day, while US equity futures also retreated. The dollar strengthened as much as 0.5% against its ...

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Property stocks lead China rally as stimulus measures lift mood

BLOOMBERG Chinese stocks jumped after the nation rolled out further property support measures, the latest in an intensifying campaign to rescue the beleaguered sector that’s been dragging down the economy. The Hang Seng China Enterprises Index gained as much as 3.6%, with property names Longfor Group Holdings Ltd and China Resources Land Ltd leading  the advance. A Bloomberg  Intelligence gauge ...

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Stocks advance on few signs China stimulus taking hold

BLOOMBERG European stocks climbed, bolstered by signs China’s stimulus measures are seeping through into the economy and wagers that global interest rates are approaching a peak. The Stoxx 600 gauge rose 0.9%, halting three days of losses. Gains were led by resources shares, including mining giants Rio Tinto Plc, Glencore Plc and Anglo American Plc, as metals prices rallied. A ...

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Fresh troubles see Adani stocks cap worst month since February

BLOOMBERG New allegations over governance issues at India’s Adani Group put the brakes on a recovery in the conglomerate’s market value from carnage in the wake of US-based short-seller Hindenburg Research’s report earlier this year. Adani-related stocks plunged after an investigation raised questions about the group’s ownership structure and trades by certain entities associated with its founders. The ports-to-power conglomerate ...

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Stocks edge higher with key US jobs data report on radar

BLOOMBERG Markets settled into a holding pattern befiore key US jobs data, with European stocks and American equity-index futures edging higher, Treasury yields flat and a gauge of the dollar steady. Energy majors were the outperformers in the Stoxx Europe 600 index as crude oil headed for the biggest weekly advance since April. Miners jumped as China’s latest stimulus measures ...

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European stocks buoyed by UBS; Treasuries advance

BLOOMBERG European shares climbed, bolstered by record profits at Switzerland’s UBS Group AG and expectations central banks’ rate-tightening cycle may be nearing an end.UBS Group’s more than 7% surge helped the Stoxx 600 benchmark trim its monthly retreat. The lender posted the biggest-ever quarterly profit for a bank as a result of its emergency takeover of Credit Suisse Group AG. ...

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China stock investors pin hopes on revival

BLOOMBERG August may just have marked the darkest hour before dawn for China’s battered equity markets, with some investors saying that Beijing’s recent efforts to boost confidence will bear fruit in the coming days. The CSI 300 Index, benchmark of onshore Chinese shares, lost 6.2% this month to cap its biggest decline October. Down over 8% each, Hong Kong’s benchmark ...

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European bonds, stocks fall as inflation makes comeback

BLOOMBERG European bonds and stocks fell after the latest round of price data suggested inflation may not yet be fully on the retreat in the euro region. Germany’s 10-year yield jumped as much as six basis points to 2.57% after reports showed inflation accelerated in four of six German states in August, ahead of figures for the overall German economy, ...

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Hong Kong dollar set for worst month since 1985 as interest rates drop

BLOOMBERG The Hong Kong dollar is poised for its biggest monthly retreat since 1985 as interest rates in the city drop and pessimism towards China’s economy weighs on the stock market. The currency has declined 0.6% in August — or almost half the maximum swing possible under its trading band with the greenback — to approach the weak end of ...

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