Stocks

BLOOMBERG European equities fell, tracking markets lower in Asia, as  concern about local government debt in China and hawkish language from a US central banker put traders in a risk-off mood.  The Stoxx 600 index dropped 0.8%, snapping two days of gains and trimming its fourth weekly advance in five. US equity futures edged lower and the 10-year Treasury yield ...

BLOOMBERG The Bank of Russia announced it will halt purchases of foreign currency on the domestic market for the rest of 2023 in an effort to help the ruble as the currency slumped toward 100 per dollar, its weakest in 16 months. “The decision was made in order to reduce the volatility of financial markets,” the central bank said in ...

BLOOMBERG Global stocks advanced, with France’s equity benchmark jumping 1%, after China lifted travel curbs. European travel and luxury companies led gains in the Stoxx 600 Index on speculation that companies will benefit an increase in Chinese tourism spending. The mood in markets was positive ahead of the key US inflation data, which may provide clues on the Federal Reserve’s ...

BLOOMBERG Bitcoin may be closer to bursting out of a period of unusually low volatility if chart patterns and the token’s history are any guide. Some gauges of how much the largest digital asset swings around dropped toward a record low in the past month as Bitcoin hovered around $30,000. The lull coincided with a cooling in the token’s 2023 ...

BLOOMBERG European stocks rallied, led by a bounce in Italian banks, as investors weighed Rome’s backtracking on part of its windfall tax on lenders. The FTSE MIB Index was up 1.9% after dropping the most in over a month on Tuesday, as Italy said the impact of the tax may be limited for some banks and that the levy won’t ...

BLOOMBERG Chinese stocks in Hong Kong tumbled as disappointing trade data added to investor concerns about the strength of the economic recovery and as worries about the real estate sector intensified. The Hang Seng China Enterprises Index slid 2.2% to close at its lowest in almost two weeks. A Bloomberg Intelligence gauge of property developers plunged more than 4% intraday, ...

BLOOMBERG Bond yields tumbled around the world and equities slumped as a raft of news on China, Italy and US banks fanned worries about the financial system and global economy. Across markets, there was a broad move into safety. The yield on the 10-year Treasury dropped 10 basis points and the equivalent rates in Germany fell 13 basis points. A ...

BLOOMBERG Thailand’s domestic investors are snapping up the nation’s beaten down equities, betting that the months long political standoff will be resolved soon. The benchmark stock index has rallied more than 4% from a June 28 trough, and may extend if a government takes office soon, according to analysts. While the SET gauge is still Asia’s worst-performing equity market this ...

BLOOMBERG A selloff in government bonds accelerated Monday as the threat of further rate hikes unsettled traders. The yield on 30-year German bonds rose nine basis points to 2.72%, the highest since early 2014. Similar-maturity Treasury yields jumped seven basis points. US equity futures rose modestly, signalling a rebound from Friday’s retreat. Federal Reserve Governor Michelle Bowman said over the ...

HO CHI MINH CITY / WAM Vietnam’s stock market is witnessing the fastest and strongest recovery since the beginning of this year, as the VN-Index has surpassed the threshold of 1,200 points, state news agency (VNA) reported. Most stocks have risen significantly compared to the end of 2022, and the list of enterprises with a capitalisation over $10 billion expanded. ...