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 …
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India stocks set for best run in 7 months on lockdown exit
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. …
Read More »Activist fund sees developed Asia stocks catching up to rally
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 …
Read More »US futures turn lower after China stops some imports
Bloomberg US stock futures turned lower while European shares held onto modest gains after Chinese officials told agriculture companies to pause imports of some farm goods. Treasuries erased their earlier declines. State-owned traders Cofco and Sinograin were ordered to suspend purchases, according to a person familiar with the matter. The move raises the risk of heightening tensions between the two …
Read More »HK stocks rally after Trump holds fire on retaliation
Bloomberg Hong Kong stocks rose, with the benchmark index capping its best day in more than two months, on speculation the US administration won’t take extreme steps in response to China’s crackdown on the city. The Hang Seng Index closed 3.4% higher, led by real estate firms, after falling almost 7% last month. Shares on the mainland also climbed, with …
Read More »MSCI Singapore deletions shave $613m off market value
Bloomberg Four Singaporean blue-chip stocks lost a combined market capitalisation of $613 million amid record volumes after MSCI Inc. deleted them from its benchmark for the city-state’s largest stocks. Two of the four shares excluded from the MSCI Singapore Index — Singapore Press Holdings Ltd. and Sembcorp Industries Ltd. — became over-sold on a technical indicator, while ComfortDelGro Corp. and …
Read More »The big stock bull case says Fed stimulus doesn’t go away
Bloomberg How willing will the Federal Reserve be just to switch off all the stimulus it rolled out to safeguard markets from the coronavirus? The most plausible answer is “not very,†logic that forms the most aggressive bull case on equities. As anyone who has watched the rocky path to reopening cities and states, it’s hard to know when to …
Read More »Middle East equity markets surge as economies reopen
Bloomberg Middle Eastern equity markets mostly rose on Sunday as economies continued to open up from coronavirus lockdowns, with Saudi Arabia leading gains. The Tadawul All Shares Index climbed as much as 4.1%, before trimming gains to 1.7%. Gauges in Abu Dhabi, Egypt and Oman rose. Saudi Arabia began the second phase of easing its shutdown on Sunday by resuming …
Read More »Bangladesh stocks rise by 1.3% as exchanges reopen
Bloomberg Bangladesh’s benchmark equity index rose after stock markets opened following a two-month trading halt, as investors bet the government ending a nationwide lockdown will revive economic growth. The DSE Broad Index advanced 1.3% Dhaka on Sunday, rising to its highest level since March 12. Stocks last traded on March 25, marking the longest trading halt since 1976. Investors are …
Read More »Stocks climb, US futures fluctuate; Treasuries dip
Bloomberg Stocks climbed while US futures fluctuated on Thursday as investors weighed fresh fiscal stimulus from the European Union against increased friction between America and China. Treasuries drifted. The Stoxx Europe 600 opened in the green for a fourth day after the EU unveiled 2.4 trillion euros ($2.6 trillion) in total recovery spending to battle the impact of the coronavirus. …
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