Stocks

Rate cut may not save ‘ringgit rally’ as index outflow looms

Bloomberg A storm is brewing for Malaysian bonds, as the threat of an $8 billion outflow and a falling ringgit erode sentiment, even in the face of a likely interest-rate cut. The biggest rally in ringgit bonds in three years, fuelled by bets for policy easing, has ground to a halt. FTSE Russell sparked the latest — and perhaps biggest ...

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US small caps at ‘crucial junctures’, says strategist

Bloomberg Smaller US stocks may be worth watching right now for both their relative performance and their technical picture. The Russell 2000 index of small-cap stocks has fallen 1.5 percent since February 22, while the S&P 500 index, which tracks the biggest American companies, has risen 4 percent. And that difference could bode ill for the entire stock market, equity ...

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Earnings whipsaw US stocks; Treasuries rise

Bloomberg The latest batch of corporate earnings whipsawed US stocks as investors sought clues on the strength of the economy after a likely slowdown in the first quarter. The 10-year Treasury yield pushed above 2.6 percent. The S&P 500 Index erased early gains, with healthcare shares again under pressure as concerns mount over potential policy changes. Netflix Inc advanced even ...

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Malaysian ringgit reels after index, fund

Bloomberg It was a one-two punch that’s turned the Malaysian ringgit into Asia’s worst performer this month. FTSE Russell said it may drop Malaysian debt from the FTSE World Government Bond Index because of concern about market liquidity, roiling the nation’s currency and bonds. And less than two weeks ago, Norway said its sovereign wealth fund will cut emerging-market debt ...

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US stock gains fade on mixed earnings; bonds retreat

Bloomberg US stocks faltered in their pursuit of all-time highs as investors sifted through a group of high-profile earnings for clues on the strength of the American economy. The 10-year Treasury yield reached its highest level since the March Federal Reserve meeting. The S&P 500 failed to hold its six-month high after UnitedHealth Group Inc erased a gain that topped ...

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Foreign-exchange volatility explosion may be lurking

Bloomberg There is a complacency haunting foreign-exchange markets. Measures of how much traders expect currencies to gyrate over the coming months have plunged amid apparent assurances from central banks that they aren’t going to create major waves with further policy normalisation anytime soon. But some observers, including strategists at Canadian Imperial Bank of Commerce, Morgan Stanley and Scotiabank are raising ...

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US stocks slip as earnings disappoint; crude slides

Bloomberg US stocks slipped as the latest results from major banks disappointed. Treasuries were little changed with the dollar. The S&P 500 Index halted a three-day advance as Goldman Sachs Group Inc retreated after missing estimates for sales and trading revenue. Citigroup Inc was little changed after its revenue matched expectations. The benchmark for American equities is near a six-month ...

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Sensex rebounds from weekly fall on results

Bloomberg Indian equities rose, with key indexes rebounding from a weekly decline, on better-than-expected earnings at the nation’s biggest software exporter and a weather office outlook that predicted a near-normal rainfall this year. The benchmark S&P BSE Sensex gained 0.4 percent to 38,905.84 in Mumbai, more than recouping last week’s 0.2 percent decline, its first weekly drop in eight. The ...

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Wall Street’s most-hated stock trade nears dot com-era nadir

Bloomberg For students of market history, the third month of the 21st century is infamous. March 2000 was when the Nasdaq Composite Index marked a peak in the dot-com bubble. By the end of the year, it fell by more than 50 percent, with more losses to follow. That month was one of the last times the world’s cheapest companies ...

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Brexit delay leaves pound prospects in suspended state

Bloomberg Pound analysts are struggling to find reasons to be optimistic even after the immediate threat of a no-deal Brexit was lifted. Sterling strengthened this week as the UK and European Union agreed to extend the divorce deadline to October 31, but its gains were well short of what strategists had previously predicted for such a scenario. The currency’s prospects ...

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