Stocks

Bloomberg US equity futures jumped with European stocks on Tuesday after a sell-off in Chinese shares ended and as investors weighed the latest efforts to contain the deadly coronavirus. Commodities rallied, from crude oil to coffee. Contracts on the three main US stock indexes each advanced more than 1%, though Las Vegas Sands Corp, MGM Resorts International and Wynn Resorts ...

Bloomberg The pound erased losses after traders pushed back bets for a Bank of England (BOE) interest-rate cut to next year following better-than-expected UK construction data. Money markets now see a 25-basis-point reduction by the BOE in January 2021, compared with bets on February 3 for easing in November. That led sterling to rebound after it earlier dropped to its ...

Bloomberg The spread of the coronavirus to China’s stock market erased more than $10 billion from the collective net worth of the richest 15 people whose companies trade on the mainland. Midea Group founder He Xiangjian lost $1.8 billion, the most among that group, as shares of the appliance manufacturer tumbled 8.9%. He was followed by Zhang Fan, whose fortune ...

Bloomberg US equity futures rose and European stocks fluctuated following steep losses at the end of last week and as investors digested the latest developments in the coronavirus outbreak. Shares plunged in China as markets there reopened after a long holiday. Contracts on the three main American equity indexes all advanced in the wake of previous declines. Gains in technology ...

Bloomberg India’s steps in the budget to end some exemptions given for tax planning and the removal of a dividend-distribution tax for companies will weigh on the earnings prospects of insurers. The lower tax rates under the alternative tax slabs will only apply to those forgoing exemptions, which include investments in certain insurance products. Insurers will be taxed on dividend ...

Bloomberg Cryptocurrencies briefly jumped amid chaotic trading in Asia after China’s stock markets reopened to steep losses following an extended holiday shutdown. Bitcoin surged to $9,608, the highest since October, shortly after markets opened at 9:30 am in Hong Kong, before giving back most of those gains less than half an hour later. The wider Bloomberg Galaxy Crypto Index tracking ...

Bloomberg Investors who assumed the quarterly deluge of corporate results would determine the direction of stocks in late January have obviously found themselves with much bigger concerns to cope with. Earnings season is fast being forgotten in a market where cascading fear about the human toll of coronavirus has come to dominate sentiment. The S&P 500 just dropped the most ...

Bloomberg The pound ended a tumultuous month on a high note on the Brexit day. Sterling was on course for its biggest weekly gain since mid-December, a day after the Bank of England (BOE) kept interest rates unchanged, supporting the currency. Analysts expect it to climb more than 1% to $1.33 by the end of June, according to a Bloomberg ...

Bloomberg US equity futures climbed along with stocks in Europe as corporate earnings and the Federal Reserve rates decision on Wednesday gave investors a fresh focus while concerns linger over the deadly coronavirus. Treasuries gained with most European bonds. Mining and construction shares led the Stoxx Europe 600 index higher, with 17 of 19 industry sectors in the green. Contracts ...

Bloomberg There are signs that concern in the global foreign exchange market over the deadly coronavirus may be wearing off. Haven currency the Swiss franc slipped to nearly a three-week low against the dollar on Wednesday, even as the virus spread further. The Japanese yen, another traditional refuge, has failed to gain since Hong Kong initiated travel bans, while the ...