Stocks

Hedge fund sounds alarm on Korea’s $100bn bio stocks

Bloomberg For those investors lucky enough to have invested in South Korea’s health care sector, now may be the time to reassess the risks. James Lim, a senior analyst at the $3 billion California-based hedge fund Dalton Investments LLC., is warning that retail investors could pull out of the nation’s equity market on unforeseen events such as an earlier-than-expected curb ...

Read More »

European stocks fall with oil

Bloomberg European stocks slid while S&P 500 futures fluctuated as investors weighed scattered signs of economic improvement against the accelerating virus spread in the US, Brazil and India. The dollar slid against all of its major peers after three days of gains. Oil futures fell below $38 a barrel in New York. The yield on Treasury five-year notes traded near ...

Read More »

European stocks are entering H2 of 2020 on a strong footing

Bloomberg European stocks are entering the second half of the year on a strong footing. Even after three straight months of gains, a growing number of strategists and investors are turning bullish on the region’s equities. Helping sentiment are reports pointing to an economic bounce, unprecedented stimulus measures and optimism that easing lockdown measures won’t lead to a second wave ...

Read More »

Canada’s stock market faces a rocky road ahead

Bloomberg The wild ride of Canada’s stock market in 2020 shows no signs of abating soon. That’s the message from strategists who are expecting choppy months ahead as investors worry about a second coronavirus wave and plunging corporate profits amid a global recession, trade tensions and US elections. “Now that we’re coming into the summer, it’s going to be more ...

Read More »

US futures decline on virus worry; dollar fluctuates

Bloomberg US equity futures slipped, while European stocks advanced as investors studied whether a resurgence in coronavirus infections will sap appetite for riskier assets. EasyJet Plc slumped after selling more shares. Deutsche Lufthansa AG rallied as its biggest stockholder backed a government rescue package. West Texas crude oil fell below $38 a barrel. Gold continued its push towards $1,800 an ...

Read More »

India stocks drop in volatile trading

Bloomberg Indian stocks declined in volatile trading as investors weighed the worsening economic outlook with the novel coronavirus continuing to spread. The S&P BSE Sensex fell 0.5% to 34,695.76 in Mumbai, while the NSE Nifty 50 Index dropped 0.4% after both gauges earlier erased losses to gain as much as 0.5%. The measures are both set for their best quarter ...

Read More »

European stocks, US futures slide as cases of Covid-19 rise

Bloomberg European stocks and US futures slumped as a resurgence in virus cases in Tokyo, Germany and the American South sharpened concern about the pace of economic recovery. The Stoxx Europe 600 Index fell the most in a week with losses across all major industries. Oil and copper retreated, while the dollar steadied. Austria is selling another 100-year bond, locking ...

Read More »

Credit Suisse says Asia stocks set to outperform in H2

Bloomberg Asia excluding Japan stocks are set to outperform other emerging markets in the second half of 2020, supported by a weakening US dollar, improving economic data and monetary policy support, according to Credit Suisse Group AG. “If there is any region that stands to benefit from the beginning of the resumption of normal activities in the world economy, Asia ...

Read More »

‘Only Nasdaq at a record is bad sign for US stocks’

Bloomberg A combination of fresh highs for tech stocks and still-elevated volatility may signal trouble ahead for the S&P 500 Index, according to BTIG LLC. The Nasdaq-100 reached a record on Tuesday, but its fellow American indexes S&P 500, Dow Jones Industrial Average and Russell 2000 have failed to hit their own new marks, chief equity and derivatives strategist Julian ...

Read More »

Stocks climb in Europe as PMIs signal recovery; euro advances

Bloomberg Stocks advanced in Europe along with US equity futures after manufacturing data from the euro area pointed to further signs of a recovery from the virus slump. Treasuries were steady and the dollar declined. Carmakers and banks led a broad advance in the Stoxx Europe 600 index as Purchasing Managers’ Indexes (PMIs) showed manufacturing in France unexpectedly returned to ...

Read More »
Send this to a friend