Bloomberg US equity-index futures fell along with European stocks on Tuesday after Apple Inc said quarterly sales would miss forecasts, spooking investors who had hoped for a limited economic impact from the deadly coronavirus. Treasuries rose as American markets re-opened after a holiday. Contracts on the three major US equity benchmarks dropped, with Apple shares slumping as much as 4.2% ...
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India’s Sensex drops as virus adds to woes
Bloomberg India’s stock benchmark declined for a fourth straight day, with disruptions from the coronavirus outbreak clouding the outlook for an economy already facing its weakest expansion in 11 years. The S&P BSE Sensex Index fell 0.4% to close at 40,894.38 in Mumbai, its longest losing streak in more than four months, after sliding as much as 1.1%. The NSE ...
Read More »Binance applies for new crypto license in S’pore
Bloomberg Binance Holdings Ltd, operator of one of the world’s largest crypto exchanges, has applied for an operating license in Singapore under the government’s new payments legislation. “We have already applied,†Binance co-founder and CEO “CZ†Zhao Changpeng said in a phone interview. “We submitted the application pretty fast. Binance’s Singapore entity has been in close touch with the local ...
Read More »Europe stocks advance on China lift; yen, gold decline
Bloomberg European stocks rose on Monday after Chinese shares advanced with the yuan as investors took encouragement from the Asian country’s pledges to support the world’s second-biggest economy in the face of the coronavirus outbreak. The yen and gold both dipped. Gains in the Stoxx Europe 600 Index were led by automakers and miners. US equity-index futures climbed, though Wall ...
Read More »China rebounds from sell-off that erased $720bn
Bloomberg China’s stocks recouped all their losses from a record $720 billion sell-off earlier this month, a sign that investor confidence is improving after policy makers acted to ease the economic fallout from the coronavirus outbreak. The Shanghai Composite, CSI 300 and SSE 50 indexes all rose about 2% on Monday to finish above their closing levels on January 23, ...
Read More »Bond market braces for fresh trillion-dollar fund flow wave
Bloomberg Investors who poured money into bond funds last year are showing little sign of stopping in 2020, adding more downward pressure to yields. Inflow to fixed-income assets nearly doubled last year to $1 trillion, according to data from Morningstar Inc. With fears about the coronavirus outbreak dimming growth prospects for the global economy and prompting a search for haven ...
Read More »Warning signs crop up in crypto sphere amid ‘resurgence’
Bloomberg Ether has more than doubled this year, but technical indicators are starting to flash worrying signals for the second-biggest cryptocurrency. Based on the GTI Global Strength Indicator, which measures upward and downward movements of successive closing prices, the coin is at its most overbought level since May 2019. An asset is considered overbought if the indicator exceeds 70 and ...
Read More »US futures advance with Europe stocks; oil rallies
Bloomberg US equity-index futures gained along with European stocks on Wednesday and crude oil rallied amid signs the spread of the coronavirus in China is slowing and investor optimism the global economy can weather the storm. Treasury yields edged higher. Contracts on all three major American gauges pointed to a firm open after China’s Hubei province reported the lowest number ...
Read More »Indian stocks rise on ‘risk appetite’
Bloomberg Indian stocks rose for a second day as a general appetite for risk, seen across Asia, helped drive gains in equities. The S&P BSE Sensex advanced 0.9% to 41,565.9, at in Mumbai and the NSE Nifty 50 Index climbed 0.8% on Wednesday. The S&P BSE Midcap Index, comprising 101 companies, dropped 0.3%; the gauge of mid-sized firms has risen ...
Read More »Biggest Chinese stocks are giving up their wins
Bloomberg A rally in stocks seen to benefit from China’s deadly virus outbreak is fading. The small-cap ChiNext index fell as much as 1.3% on February 11 before finishing down 0.7%. The gauge’s rapid rebound last week, when it took just two days to recoup all losses after China’s stock market saw a record stock sell-off, set the stage for ...
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