Bloomberg Stocks pushed higher in Europe along with US equity futures as investors looked past a worrying increase in coronavirus cases to government and monetary stimulus. The dollar slipped. In the wake of Tuesday’s global rally, gains in real-estate and banking shares brought fresh momentum to the Stoxx Europe 600 Index. S&P 500 futures swung from modest declines to gains, ...
Read More »Stocks
Indian stocks swing as investors digest border clashes and infections
Bloomberg India stocks rose, overcoming early volatility as investors weighed the consequences of a border conflict with China’s military while coronavirus infections continued to rise as the South Asian nation reopens. The S&P BSE Sensex index rose 0.2% to 33,678.43 as of 12:51 pm in Mumbai, after swinging between gains and losses. The NSE Nifty 50 Index was up 0.2%. ...
Read More »Global stock rally returns on fresh stimulus hopes
Bloomberg Stocks advanced alongside US equity futures as plans for more American stimulus revived investor sentiment. A gauge of European corporate debt risk fell the most in two months. Carnival Plc and EasyJet Plc rallied more than 7%, helping lead gains in the Stoxx Europe 600 Index. The dollar weakened against almost all of its major peers. The pound climbed ...
Read More »Indian stocks pare gain, bonds decline
Bloomberg Indian equities pared gains, while the rupee and sovereign bonds declined, after a skirmish between the nation’s soldiers and Chinese troops in a border area reignited geopolitical risks. The benchmark S&P BSE Sensex index rose 1.1% as of 2:32 pm in Mumbai, after earlier climbing as much as 2.4% after the Indian army said three soldiers died in the ...
Read More »Foreign investors return to Vietnam stocks amid virus
Bloomberg Global fund managers are starting to return to Vietnam’s stocks as the Southeast Asian nation emerges relatively little scathed from the coronavirus pandemic. Firms including Ashmore Group Plc and Coeli Asset Management SA have increased holdings in the $174 billion market since March, while foreign investors have been net buyers so far this month — a first since January ...
Read More »European stocks decline to three-week low, dollar rises
Bloomberg European stocks sank to a three-week low and US futures slid as evidence of a second virus wave dashed hopes of a quick economic recovery. Treasuries and the dollar rose. The Stoxx Europe 600 Index pared some losses, but was still 1.4% lower. S&P 500 futures sank 2.2% and Treasuries rallied, pushing the 10-year yield to 0.67%. BP Plc ...
Read More »India stocks drop as second-wave worries drag Asian markets
Bloomberg India stocks declined as the number of coronavirus cases continued to rise even as the economy gradually reopens for business. A second wave of infections in China was a drag on the sentiment in the region. The S&P BSE Sensex was set for its steepest drop in four weeks, falling 2.3% to 32,999.44 as of 12:30 pm in Mumbai. ...
Read More »Stock pickers are failing to beat whiplashed pandemic market
Bloomberg Stock pickers are getting schooled on just how hard it is to outsmart the coronavirus pandemic-driven market. After the S&P 500’s biggest plunge since the March madness, expectations are rising that shares will move in lockstep again, a headwind for stock pickers looking to divine winners and losers. Add the fact that fewer companies are leading market gains this ...
Read More »There’s still room for gains in emerging stocks, says Goldman
Bloomberg The recent rebound in emerging-market stocks isn’t over yet as investors move to assets that benefit from an improved outlook for the global economic recovery, according to Goldman Sachs Group Inc. “We’re quite positive on EM stocks on a tactical basis,†said Caesar Maasry, a New York-based emerging-market strategist at the firm. “There has been an increasing preference for ...
Read More »Stocks and futures tumble on Fed caution, virus fears
Bloomberg Stocks in Europe and Asia tumbled with US equity futures on Thursday after the Federal Reserve painted a long slog ahead for the economic recovery and as coronavirus infection rates jumped in parts of America. The Stoxx Europe 600 Index opened sharply lower, with sectors scooped up in the recent rally such as banks and travel leading declines. S&P ...
Read More »