Stocks

European stocks fluctuate while oil extends advance

Bloomberg European stocks fluctuated, Asian shares rose and US futures edged higher on Thursday as investors weighed corporate results and signs of progress in treating the coronavirus alongside miserable economic data. Oil futures continued to rebound after an early-week tumble. The Stoxx Europe 600 Index swung from a gain to a loss in early trading. Societe Generale SA slumped after ...

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India’s stocks heads for first monthly gain this year since 2009

Bloomberg India stocks rose, heading for their first monthly gain this year, with the world’s biggest lockdown scheduled to end on Sunday. Equities across Asia gained on Thursday amid signs of progress in treating the coronavirus. The S&P BSE Sensex climbed 2.8% to 33,605.99, while the NSE Nifty 50 Index added 2.7%. Both gauges have rebounded by more than 20% ...

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Europe stocks fluctuate along with US futures; dollar drops

Bloomberg European stocks fluctuated while Asian shares gained with US equity futures as investors countdown to more big earnings, a Federal Reserve policy decision and American economic data. The dollar fell for a third day and oil advanced. Declines for healthcare and travel shares offset gains for oil companies and banks in the Stoxx Europe 600 Index. Barclays Plc jumped ...

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Indian stocks gain as post-lockdown restart talks continue

Bloomberg Indian stocks rose for a third day, sovereign bonds and the rupee also advanced as investors monitored discussions around plans to restart business activities ahead of a scheduled ending of a lockdown in the world’s second-most populous country on Sunday. The S&P BSE Sensex climbed 0.9% to 32,386.64 as of 9:43 am in Mumbai, while the NSE Nifty 50 ...

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Stocks, US futures edge up

Bloomberg European and Asian stocks edged higher with US equity futures on Tuesday as the earnings season gathered pace and governments contemplated reopening their economies. Crude oil extended sharp losses after plunging on Monday. The Stoxx Europe 600 Index nudged higher at the open. Banking giant HSBC Holdings Plc slipped after it cautioned that bad loan charges may climb to ...

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Australian stocks could return to March rout levels

Bloomberg Australian shares may revisit the seven-year low reached last month as oil volatility and worries over the financial impact of the coronavirus dampened a recent rally. The S&P/ASX 200 index has reclaimed about 17% from the trough on March 23, having faltered last week after entering a technical bull market earlier this month. With the Reserve Bank of Australia ...

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Stocks in Europe Asia gain with US futures; dollar slips

Bloomberg Stocks jumped in Europe and Asia and US equity futures advanced as major economies edged toward reopening, the Bank of Japan boosted stimulus measures and corporate results rolled in. The dollar weakened and oil slumped. The Stoxx Europe 600 Index opened solidly higher amid a number of positive catalysts and after the gauge missed out on a late Wall ...

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Goldman says narrow breadth in S&P 500 a bad sign for stocks

Bloomberg The narrowing group of winners in the S&P 500 doesn’t bode well for the future performance of US stocks, according to Goldman Sachs Group Inc. The US benchmark is around 17% below its February record, but the median stock trades 28% from its peak, Goldman strategists including David Kostin wrote in a note. Meanwhile, the five largest companies make ...

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South Korea’s equity market rebounds since mid-March

Bloomberg South Korea’s equity market has rebounded more than any other since mid-March, even as its two largest stocks have yet to fully join in on the rally. The Kospi index climbed 32% from a decade low on March 19, beating all other major gauges including those from China, Hong Kong and Japan, according to data compiled by Bloomberg. In ...

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Stocks are overvalued, virus may cause ‘downdrafts’: Icahn

Bloomberg Carl Icahn isn’t buying stocks right now. He’s hoarding cash, shorting commercial real estate and preparing for the coronavirus to wreak more havoc. This is a time to be “extremely careful,” Icahn said in an interview on Bloomberg Television. From his home on Miami’s Biscayne Bay, the billionaire investor has surveyed the damage to stock prices — and to ...

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