Stocks

Bloomberg India stocks advanced, tracking Asian peers, as promising results in early trials for a coronavirus vaccine and a positive start to local companies’ earnings season bolstered optimism. The S&P BSE Sensex climbed 0.9% to 37,766.99 as of 10:10 am in Mumbai, set for a fifth straight session of gains that’s taken it above its 200-day moving average. The NSE …

Bloomberg The euro strengthened to a four-month high, and European bond spreads narrowed after leaders made progress in negotiating a historic stimulus package. European shares erased losses. Italy’s 10-year bond yield spread over Germany, a key gauge of risk in the region, fell to the lowest level since March. US equity futures pointed to a weaker open. AstraZeneca Plc gained …

Bloomberg India stocks rose as investors focused on company earnings commentaries while weighing the impact of the continuing spread of coronavirus infections on the business outlook. The S&P BSE Sensex climbed 1% to 37,388.14, as of 10:08 am in India, after closing above a key technical barrier and capping its longest stretch of weekly wins since December. The measure’s 50-day …

Bloomberg The world’s biggest money manager is joining a wave of global investors taking profits in Chinese equities after a historic rally, and plans to shift some of the funds to emerging markets that are in a more nascent stage of recovery. Gordon Fraser, co-head of global emerging markets equities at BlackRock Inc., began betting on stocks in countries such …

Bloomberg In a global market where hardly anything made sense this year, one trend seems to be supported by economic reality: Asian stocks’ outperformance versus the rest of the world driven by the region’s better containment of the coronavirus. The MSCI Asia Pacific Index is set to beat the S&P 500 and the MSCI Europe Index for a second straight …

Bloomberg China took a further step in integrating its fragmented bond markets, a move which analysts say could reduce complexity and attract foreign investors. Bond traders on interbank market and stock exchanges can now trade bonds listed on both venues, the People’s Bank of China and the China Securities Regulatory Commission said in a joint statement Sunday. The regulators will …

Bloomberg To best observe the real-world impact of Federal Reserve largesse in the stock market, maybe focus on its fringe. That is, places occupied by companies whose lease on life is weakest: small-cap firms that don’t make any money. Since equities bottomed around the time Fed Chair Jerome Powell pulled out all the stops to shore up markets, shares of …

Bloomberg Stocks fell with US equity futures on Thursday as investors parsed economic data from China that showed the path of economic recovery from the pandemic remains bumpy. The Stoxx Europe 600 Index tracked Asian shares lower after Chinese retail sales in June missed estimates and continued to contract, even as the economy returned to growth in the second quarter. …

Bloomberg Japanese investors sold a record amount of foreign stocks last week, offloading a net $34 billion of overseas equity. The figure is almost six times greater than in any previous week. It wasn’t immediately clear what factors were behind the record selling, with fingers pointed at factors including funds locking in profits as US stocks recovered their losses suffered …

Bloomberg After a torrid rally that saw shares more than double since early May, Tesla Inc. is taking a pause, even as the broader market rises on the hopes for a coronavirus vaccine. Tesla shares dropped as much as 3.9% to $1,457 in New York, as the S&P 500 Index rose as much as 1.3%. The electric vehicle maker is …