Stocks

Stocks extend advance after Wall Street hit record high

BLOOMBERG European stocks and US futures rose, extending the rally in global equities that pushed the S&P 500 Index to a record-high Friday. Europe’s Stoxx 600 index climbed 0.8% in early trading on Monday, with banking, real estate and tech stocks among those leading the advance. Tech shares led gains in US futures contracts after the S&P 500 rose beyond ...

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China stocks fast losing ground to Japan’s market

BLOOMBERG Japan’s equities are rapidly recovering the heft they lost to their Chinese peers in the early years of the pandemic as global investors continue to seek alternatives to the world’s second-biggest economy. The gap between the market capitalisation of mainland Chinese stocks and Japanese shares has shrunk to $2.55 trillion, the least since July 2020, data compiled by Bloomberg ...

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European stocks take breather as focus shifts to positive earnings

BLOOMBERG European stocks steadied on Thursday after the biggest three-day drop since October as traders re-calibrated their wagers on the timing and extent of interest rate cuts. Signs that European policy makers are converging around a June rate reduction helped calm markets, along with indications that Chinese state funds are coming to the rescue of equities battered by signs of ...

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Chinese stocks deepen with bearish sentiment

BLOOMBERG A rout in Chinese stocks deepened on Wednesday as a slew of disappointing economic data reinforced bearish sentiment towards the market. The Hang Seng China Enterprises Index fell 3.9%, recording its worst day since October 2022. The CSI 300 benchmark for mainland shares slid 2.2% as foreigners sold 13 billion yuan ($1.8 billion) worth of stocks on a net ...

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Global stock selloff deepens as traders adjust rate bets

BLOOMBERG Central bankers continued their forceful push-back against market bets for interest rate cuts, deepening a global selloff across stocks and bonds. European Central Bank (ECB) President Christine Lagarde and Governing Council member Klaas Knot warned on Wednesday that aggressive bets on interest-rate cuts aren’t helping policymakers in the battle to subdue inflation. That followed comments on Tuesday from Federal ...

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European equities, US futures drop as dollar extends gains

BLOOMBERG European stocks and US futures retreated, while the dollar rose to a one-month high and bonds fell as the market digested the latest comments from central bank officials pushing back against bets on aggressive interest rate cuts. The Stoxx Europe 600 index headed for a five-week low, with retailers and banks leading the decline. Futures on the S&P 500 ...

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Yen loses haven role as overseas investment shifts

BLOOMBERG The super-easy policy of the Bank of Japan (BOJ) has eaten into the yen’s status as a traditional haven for at least the last two years, but the currency reaction to the nation’s New Year earthquake suggests an even deeper issue for the once-favored safe asset. In past years the yen tended to strengthen following news of wars or ...

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Stocks, bonds fall as traders weigh monetary policy view

BLOOMBERG European stocks fell along with bonds as traders weighed the outlook for monetary policy ahead of a raft of speeches by policy makers at the World Economic Forum in Davos this week. The Stoxx Europe 600 index dropped 0.3%, with banks and carmakers leading the decline after data showed Germany’s economy contracted for the first time since the pandemic ...

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Chinese stocks rebound amid easing bets after dismal start to year

BLOOMBERG China stocks rallied on Thursday in what was largely seen by market watchers as a technical rebound amid expectations of policy easing by the central bank. The Hang Seng China Enterprises Index of major mainland companies listed in Hong Kong jumped as much as 2.3% before finishing the day up 1.4% — the most in two weeks. It had ...

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Global stocks edge higher in countdown to US inflation

BLOOMBERG Global stocks rose as investors awaited US inflation data that will help clarify the path for Federal Reserve policy. Europe’s Stoxx 600 index advanced 0.5%, while US equity futures showed the S&P 500 and Nasdaq 100 indexes were set to add to earlier gains. A gauge of Asian stocks rallied as Japanese equities hit a fresh three-decade high. Treasuries ...

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