Stocks

US stocks edge higher ahead of Fed decision; Treasuries rise

Bloomberg US stocks edged higher as strong earnings and a continuation of trade talks helped ease investor concerns. Treasuries rose ahead of the Federal Reserve’s rate decision. The S&P 500 advanced for the first time in three days, fuelled in large part by Apple Inc after the company lifted its forecast. Sentiment also got a boost after US and Chinese ...

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Indian equity gauges cap worst July since 2002, eke out gains

Bloomberg Key Indian equities indexes capped their worst decline for the month of July in 17 years, even as shares eked out gains on Wednesday. The benchmark S&P BSE Sensex climbed 0.2 percent to 37,481.12 in Mumbai, easing its decline this month to 4.9 percent. The NSE Nifty 50 Index gained 0.3 percent to 11,118.00 and is down 5.7 percent ...

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US stocks fall on earnings, trade talk; Treasuries gain

Bloomberg US stocks fell a second day amid a mixed bag of corporate results and growing speculation a trade deal with China remains elusive. Treasuries edged higher as the Federal Reserve began deliberating on the path for interest rates. The S&P 500 Index slumped, with overnight trading reaching lows after President Donald Trump criticised China just as his negotiators start ...

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Australia’s $239b stock rally blasts past record high

Bloomberg One of this year’s best-performing stock markets has just hit a fresh record. Australia’s S&P/ASX 200 Index reached its highest level, having added about $239 billion in value this year as investors cheered a dovish central bank, a surprise federal election victory by the incumbent center-right government and skyrocketing iron ore prices. The gauge rose 0.3 percent to close ...

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Tech weighs on US stocks; bonds, greenback advance

Bloomberg US equities fell as tech heavyweights weighed on benchmarks, while Treasuries gained ahead of the Federal Reserve’s meeting. The pound tumbled more than 1 percent. The S&P 500 Index fell as Amazon, Facebook and Netflix all sank more than 1 percent. Apple gained ahead of its earnings announcement on Tuesday. Drug companies got a boost from surging Mylan NV ...

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No-deal Brexit risk pushes pound to lowest since 2017

Bloomberg The pound and gilt yields slid to multi-year lows as UK PM Boris Johnson stepped up preparations for a no-deal Brexit with just about three months left until the nation exits the European Union. Sterling tumbled the most among the Group-of-10 currencies as various members of Johnson’s top team took a tough stance. UK Chancellor Sajid Javid said he ...

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India stocks erase outperformance versus their peers

Bloomberg The premium Indian equities command versus their emerging-nation peers has narrowed to the smallest since last April and may not rebound soon. That’s the view from Bank of America Merrill Lynch as the country’s equity benchmark head for its worst monthly drop since October, weighed down by disappointments related to a proposed super-rich tax, tepid earnings, and the lingering ...

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Stocks turn mixed on results, Treasuries gain with bonds

Bloomberg US stocks were mixed as investors mulled weak economic data and mixed corporate results, including an unexpected quarterly loss for Boeing. Treasuries advanced along with bonds in Europe. In addition to Boeing, Caterpillar weighed on the Dow Jones Industrial Average after the equipment maker projected earnings at the low end of forecasts. UPS helped to keep the S&P 500 ...

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Health insurers sink as rising spending gauge alarms investors

Bloomberg Health-insurance stocks sank across the board after Anthem Inc became the third insurer to report it is paying out a higher percentage of the premiums it takes in to cover patients’ medical claims. Investors watch the so-called medical-loss ratio reported by health insurers closely. The number is a key measure of the companies’ financial health; when the ratio goes ...

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US stocks rise on earnings optimism; dollar advances

Bloomberg US stocks rose as investors assessed a batch of strong earnings and signs of progress in trade talks with China. Treasuries fell and the dollar rose. The S&P 500 climbed for a second day, though gains faltered as the index pushed back toward 3,000. Coca-Cola climbed to a record, while Lockheed Martin and United Technologies jumped after the trio ...

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