Stocks

BLOOMBERG European stocks gained for a second day as traders awaited a raft of economic figures over the next few days for clues on the outlook for global central bank policies. Miners and real estate led the advance in the Stoxx Europe 600 index after China pledged further measures to support its economy. NN Group NV jumped more than 10% ...

BLOOMBERG The yen will weaken to levels last seen more than 30 years ago if the Bank of Japan (BOJ) sticks to its dovish stance, according to forecasters at Goldman Sachs Group Inc. Over the next six months  the yen is projected to reach 155 per dollar — the weakest since June 1990 — according to the bank’s strategists led ...

BLOOMBERG Stocks started the week on a positive note, tracking gains on Wall Street following cautious comments from central bankers at Jackson Hole. China’s support measures for its equities market helped lift sentiment. The rate-sensitive technology sector led the advance in Europe after Federal Reserve Chair Jerome Powell and European Central Bank President Christine Lagarde at Jackson Hole  failed to ...

BLOOMBERG Chinese stocks jumped after authorities announced a slew of measures to woo back investors including a reduction of the stamp duty on stock trades and a slower pace of initial public offerings. The CSI 300 Index of mainland shares rallied as much as 5.5% on Monday, the most in three years, with some brokerage stocks gaining up to the ...

BLOOMBERG US futures and European stocks clocked mild gains on Friday as investors awaited Federal Reserve Chair Jerome Powell’s speech from Jackson Hole. Contracts on the S&P 500 gained 0.3%, signalling respite for underlying equities after August 24’s decline. Europe’s Stoxx 600 extended its first weekly advance in four. Commodity shares led gains as oil and iron ore prices climbed. ...

BLOOMBERG India’s central bank’s policy to keep the rupee stable at weaker levels may make the currency vulnerable to speculative attacks in case of large risk events, according to Australia & New Zealand Banking Group Ltd. Policymakers are focused on bolstering manufacturing and exports, but it’s not without costs, economists Dhiraj Nim and Sanjay Mathur wrote in a note. “Persistent ...

BLOOMBERG Nasdaq futures rallied as a strong outlook from Nvidia Corp gave fresh impetus to the artificial intelligence (AI) hype that’s boosting tech stocks this year. Nvidia advanced 7.9% in premarket trading after the chipmaker delivered a third straight sales forecast that beat analysts’ estimates, while tech giants such as Apple Inc and Microsoft Corp also rose. Contracts on the ...

BLOOMBERG Chinese real estate stocks are close to losing all the gains notched during last year’s massive reopening rally as troubles mount for the debt-laden sector. A Bloomberg Intelligence gauge of real estate stocks trading on the mainland and in Hong Kong is less than 3% away from piercing below its end-October trough, which was the lowest since 2011. The ...

BLOOMBERG Shares of Chinese companies listed in Hong Kong are trading at a growing discount to their mainland peers, according to the AH Premium Index, which tracks the price difference between the largest shares listed in both markets. The gauge has reached its highest since November, when the government’s revamp of its Covid policy helped extend a massive reopening rally. ...

BLOOMBERG US equity futures rose as investors awaited earnings from Nvidia Corp., the chipmaker at the heart of the hype around artificial intelligence. Europe led a rally in global bonds as signs of a quickening downturn in the euro area prompted traders to trim interest-rate hike bets. Services activity shrank for the first time since the end of last year, ...