Stocks

Bloomberg Producers of household items have been India’s best stock market bets for years. But the consumption slowdown in the world’s fastest-growing major economy is rubbing the sheen off these shares. The 74-member S&P BSE Fast-Moving Consumer Goods Index, which has had only one down year since 2006, has bucked the gains in the nation’s benchmark measure. And some of ...

Bloomberg US equity-index futures extended declines on Tuesday alongside stocks in Europe as the gloom surrounding the outlook for global trade refused to dissipate. The dollar gained and Treasury yields were steady. Contracts on the S&P 500, Dow Jones Industrial Average and Nasdaq 100 all retreated as China’s top trade negotiator prepares to visit Washington this week to salvage a ...

Bloomberg Pound traders are more upbeat on the outlook for Brexit as the government and opposition Labour party hold a crunch meeting to try and reach a deal. One-week risk reversals on the pound-dollar pair, a measure of market positioning, signal investors are the most optimistic on the pound in almost five months. There is only around a one-in-three chance ...

Bloomberg Bitcoin climbed to a fresh 2019 high, approaching the $6,000 level for the first time since November. The largest digital coin advanced as much as 4.7 percent to $5,961, before paring its gain to 3.4 percent in New York, according to Bloomberg composite pricing. Most of the other highly traded tokens were mixed, lagging Bitcoin. The world’s most-followed cryptocurrency ...

Bloomberg Indian equities joined Monday’s sell-off across risk assets amid worries that a fresh spat between the US and China may delay the widely-anticipated trade truce between the world’s two biggest economies. The S&P BSE Sensex declined 0.9 percent to 38,600.34 at the close in Mumbai, falling for a fourth consecutive session, its longest losing streak since February. The NSE ...

Bloomberg Chinese tech and telecom stocks were the hardest hit on Monday as two tweets from US President Donald Trump soured the outlook on trade talks and sent global markets plunging. A gauge of information technology stocks dropped 5.8 percent, the most since July 2015, leading the MSCI China Index lower. Telecom equipment maker ZTE Corp tumbled as much as ...

Bloomberg Bond traders will have one word on their minds as they gear up for the latest readings on inflation: “ transitory.” That’s how Federal Reserve Chairman Jerome Powell characterised the factors behind muted price pressures after the policy meeting, where officials kept interest rates unchanged. Markets whipsawed on his comments, with benchmark 10-year Treasury yields bouncing off their lowest ...

Bloomberg A sense of caution is gripping peso bulls as markets approach the Philippine central bank’s interest-rate decision. Increased speculation that the Bangko Sentral ng Pilipinas will ease monetary policy is threatening to break the peso’s Asia-beating rally this quarter. A reduction in the benchmark rate could give foreign investors — who already don’t seem too keen on buying Philippine ...

Bloomberg US stocks edged higher as Apple Inc’s upbeat sales projection boosted technology shares, while Treasuries climbed before the Federal Reserve’s decision. The S&P 500 Index looked for a fourth day of gains and a fresh record and tech-heavy Nasdaq indexes outperformed as the iPhone maker again closed in on a $1 trillion market valuation. Advanced Micro Devices Inc’s outlook ...

Bloomberg Even with Asia’s top performance, foreign investors are still not convinced to buy Philippine bonds. Local-currency notes in the Philippines have yielded almost 10 percent this year through April, compared with less than 2 percent for China and India, data compiled by Bloomberg show. High taxes, a less liquid market, and tedious documentary requirements are some of the gripes ...