Stocks

Bloomberg Dubai shares climbed the most in the Gulf on after Opec+ agreed to a one-month extension of its record output cuts, underpinning recovery in oil prices. The DFM General Index rose as much as 3.0%, trimming losses this year to 24%. Gauges in Saudi Arabia, Abu Dhabi, Kuwait and Oman gained between 0.2% and 1.6%. Major oil producers decided ...

Bloomberg Canadian stocks posted their best week in about two months, turbocharged by an unexpected rebound in the US and domestic labour market from the depths of the coronavirus shutdowns. The S&P/TSX Composite Index jumped 2.1% to close out the week 4.4% higher, its biggest gain since the week of April 10 as Canada added jobs 290,000 jobs in May, ...

Bloomberg The stock rally powered by bets on a speedy global economic recovery from the pandemic paused for breath on Thursday as equities struggled in Europe and Asia. The dollar climbed after five consecutive sessions of declines. The Stoxx 600 Index opened lower for the first time this week, hours before the European Central Bank announces its policy decision. Futures ...

Bloomberg Indian equities dropped on Thursday as investors paused for breath after the longest winning run since November. The S&P BSE Sensex and NSE Nifty 50 Index fell 0.9% each as of 12:39 pm in Mumbai, after earlier rising as much as 0.6% each. Both gauges are still trading close to their highest in almost three months — levels seen ...

Bloomberg Philippine stocks climbed the most in Asia, rounding their best seven-day rally in more than two decades, on optimism the economic fallout from the coronavirus outbreak won’t be as bad as feared after the central-bank governor said monetary-easing steps were appropriate. The Philippine Stock Exchange Index climbed 4.4% on Thursday, taking its seven-day rebound to almost 19%. The peso ...

Bloomberg The global rally in stocks held its momentum on Wednesday as investors showed more optimism of quick economic recovery from the coronavirus pandemic. Treasuries dipped with gold, and a dollar gauge hit its lowest level since early March. Gains in insurance and auto shares pulled the Stoxx Europe 600 Index higher. Contracts on the S&P 500 Index rose along ...

Bloomberg The rally in Indian stocks showed no signs of abating on Wednesday as investors continued to bet that easing of the nationwide lockdown will reboot economic growth. The rupee gained for a fourth day, while sovereign bonds were steady. The S&P BSE Sensex and the NSE Nifty 50 Index climbed 1.1% each as of 10:57 a.m. to the highest ...

Bloomberg Stocks rose in Europe and Asia and US equity futures edged higher as investors weighed positive signs on stimulus and the global economy against worsening social unrest in America. Oil advanced. The Stoxx Europe 600 Index opened in the green, with the DAX pacing gains as German Chancellor Angela Merkel seeks to thrash out a deal on a second ...

Bloomberg Indian stocks are poised for their longest winning run since November amid optimism that easing of the nationwide lockdown will reboot economic growth. The S&P BSE Sensex and the NSE Nifty 50 Index each rose 0.9% as of 12:11 pm in Mumbai. Both gauges are set for their fifth day of gains and longest winning streak since November 4. ...

Bloomberg Things will get better for most of Asia’s developed stock markets, according to Quarz Capital Management Ltd. “All developed Asian countries, especially Japan, Singapore and Australia, have started to stimulate their economies massively,” said Jan Moermann, founder and chief investment officer of the activist fund that holds Asian stocks. “We expect a potential catch up of these markets to ...