Stocks

Bloomberg India’s equities benchmark snapped a three-day winning streak, tracking declines in global stocks, as investors assessed the potential fallout of an impeachment inquiry of US President Donald Trump. The S&P BSE Sensex dropped 1.3 percent to 38,593.52 at the 3:30 pm close in Mumbai, while the NSE Nifty 50 Index also fell by the same magnitude. Both gauges surged …

Bloomberg For US equity investors wary of a sell-off but loath to miss out on a stocks rally, Bank of America Merrill Lynch is pitching an options strategy known as a calendar risk reversal. Relatively muted swings and a wide price gap between bullish and bearish options bets means it is attractive to sell a medium-term put on the S&P …

Bloomberg US equity-index futures advanced with European stocks while Asian shares rose modestly as investors weighed hopes for high-level trade talks next month between America and China against mixed economic data from around the globe. The pound rose after a court ruling key to Brexit. Contracts on the three main US equity benchmarks all pointed to a firm open after …

Bloomberg Some of the Philippines’ top money managers see central bank easing and low inflation pushing the nation’s equity benchmark back above the key 8,000 level. The Philippine Stock Exchange Index has retreated 5.8 percent since riding a bull market to as high as 8,365.29 on July 15. The gauge has breached the 8,000 mark about a dozen times this …

Bloomberg US equity futures fluctuated and European stocks retreated as disappointing data in the euro area overshadowed easing concern about trade relations between America and China. Treasuries rose and the common currency slid. Manufacturing and services numbers for the euro zone came in far short of estimates on Monday, with disappointing readings from countries including Germany and France. The Stoxx …

Bloomberg Indian stocks rose for a second day on expectations that the government’s surprise $20 billion company tax cut will revive economic growth and boost company earnings. The S&P BSE Sensex jumped 2.8 percent to 39,909.03 in Mumbai, while the NSE Nifty 50 Index advanced 2.9 percent. Both gauges surged 5.3 percent, marking their biggest gain since May 2009, after …

Bloomberg The Thai baht has been the runaway success among Asian currencies this year — surging more than 6 percent while the US-China trade war has punished peers such as the South Korean won and Chinese yuan. There are two reasons why it may rise even more. The Thai currency has proven to be the preferred Asian hedge against global …

Bloomberg Canadian bank shares are returning with a vengeance, after lagging Canada’s broader stock market for much of the year. Toronto-Dominion Bank shares are on pace to climb for 13 straight days, the longest winning streak since at least 1983. Canadian Imperial Bank of Commerce has been rising for 12 days, its longest run since May 2018. And shares in …

Bloomberg Bonds rallied globally while stocks struggled for traction as investors marked time until the Federal Reserve was expected to conclude its policy meeting on Wednesday, with officials expected to cut interest rates again and possibly move further to calm overnight-loan markets. The dollar rose. Government bonds climbed from London to Tokyo before the expected easing in the world’s biggest …

Bloomberg Even after a plunge in Hong Kong property shares following months of protests in the city, Eastspring Investments says some of the biggest stocks in the sector remain unappealing because of their valuations. John Tsai, a portfolio manager in Singapore, trimmed his holdings of Henderson Land Development Co and Sun Hung Kai Properties Ltd in July, and remains underweight …