Stocks

Bloomberg Software provider Kinaxis Inc. surged to a record high as it completed a deal for Rubikloud Technologies to boost its capabilities in artificial intelligence (AI). Ottawa-based Kinaxis, whose clients include Unilever NV and Lockheed Martin Corp., briefly passed $4 billion in market value for the first time amid a broad rally in Canadian technology stocks. The company sells products ...

Bloomberg European stocks rose with US futures on Thursday as hopes for reassuring jobs data later in Washington added to momentum from positive vaccine developments. The dollar slipped. The Stoxx Europe 600 Index extended its initial gains on advances in banks and travel companies. Contracts on the S&P 500 Index also picked up, hours before the June employment report that’s ...

Bloomberg SK Biopharmaceuticals Co., a biotechnology arm of SK Group in South Korea, surged to more than double the company’s initially offered price during its trading debut in the nation’s largest first share sale in three years. The stock soared 159% from the IPO price in Seoul, boosting its market cap to 9.9 trillion won ($8.2 billion). SK Biopharmaceuticals now ...

Bloomberg European stocks edged up in a muted start to third-quarter trading as investors mulled mixed economic data and fresh warnings about the spread of the coronavirus. Treasuries slipped alongside the US equity futures. The Stoxx Europe 600 Index opened modestly higher, led by oil and gas shares, with data showing German unemployment rose to the highest level in nearly ...

Bloomberg Deutsche Boerse AG’s electronic trading system was halted due to a technical glitch on Wednesday, the second such outage this year. It disrupted derivatives trading and stock markets in several Central and Eastern European countries, and prompted Denmark to postpone a bond auction. Only about 30 of 99 stocks in Germany’s HDAX large and mid-cap index were showing electronic ...

Bloomberg The intraday trading chart for Taiwan’s currency is looking more and more crazed as suspected intervention by the central bank combats pressure on the exchange rate to strengthen. Take Tuesday. The Taiwan dollar jumped as much as 0.7% against the greenback in morning trading, before giving up all its gains at the noon-time break. Upon resuming trade it strengthened ...

Bloomberg US equity futures and European stocks dropped after a resurgence in virus infections slowed down the pace of business re-openings. The dollar index climbed to a one-month high, while Treasuries steadied. Trading volume across European shares was below average, with banks and energy producers trending lower. Royal Dutch Shell Plc slumped after announcing it will write down as much ...

Bloomberg Stock investors wanting to preserve capital could do worse than look to China, whose relative stability stands out against the chaos in global markets. The country’s equities have gone back to the upward grind that has marked past rebounds since a bubble burst in 2015. The calm has allowed the CSI 300 Index to post at least 14 up ...

Bloomberg Going uphill is looking increasingly unlikely for Japanese stocks that are about to cap their best quarter since at least 2016. Recent events are starting to make some investors nervous, leading to a selloff in Japanese stocks by foreign holders. US Sun Belt states are wrestling with mounting coronavirus cases, while the European Union works to bar Americans from ...

Bloomberg Indian stocks dropped on concern that increasing coronavirus infections and the extension of restrictive measures in some states will hinder a recovery in Asia’s third-biggest economy, which has just begun to reopen. The S&P BSE Sensex and the NSE Nifty 50 Index both fell 1.4% as of 10:13 am in Mumbai, set for their lowest close in more than ...