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 …
Read More »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 …
Read More »Stocks edge higher before Fed minutes; bonds rise
Bloomberg US stocks edged higher, while Treasuries advanced as investors weighed key developments that continue to raise doubts about the strength of the global economy. The S&P 500 clung to a slight gain as an unexpectedly soft inflation reading potentially boosted the Federal Reserve’s new wait-and-see approach to rate hikes. Minutes from the central bank’s last policy meeting when it …
Read More »Hurdle high for India markets even if Modi wins polls
Bloomberg The bar is high for Asia’s most-popular destination of 2019 for overseas money even if Prime Minister Narendra Modi wins a second term in elections starting from Thursday. A survey of 21 global funds and strategists show most expect him to return, an outcome that may be baked into asset prices. With valuations already high, the disappointment if he …
Read More »US futures, Europe stocks edge lower with greenback
Bloomberg US equity futures and European shares edged down after President Donald Trump threatened new tariffs on goods produced in the EU. The dollar slipped while Treasuries nudged higher. Contracts on the Dow, S&P 500 and Nasdaq pointed to a weaker open and the Stoxx 600 Index erased an earlier gain as the European Union prepared retaliatory tariffs in response …
Read More »Some stocks surge as Japan redesigns currency notes
Bloomberg Japan announced new currency note designs today, sending shares of several somewhat obscure companies soaring. Glory Ltd — a provider of cash sorting machines — rallied as much as 19 percent, the most in more than 11 years, after the Ministry of Finance said that it plans to circulate new bill designs by the first half of the fiscal …
Read More »Stocks edge lower; crude rises to five-month high
Bloomberg US stocks halted the longest rally since 2017 as investors awaited signs of progress in the trade war with China ahead of the latest corporate earnings season. Treasuries dropped, while West Texas crude hit a five-month high. The S&P 500 edged towards its first decline in eight sessions, as the post-Christmas rally stalled with the index about 1.5 percent …
Read More »Brexit clock fails to faze ‘pound traders’
Bloomberg Pound traders appear undaunted by the lack of Brexit clarity even with just days left for Britain to officially leave the European Union. The UK currency was up on Monday and a gauge of expected short-term sterling volatility is near a two-week low, showing there’s little panic even as the April 12 exit date draws closer. Investors are increasingly …
Read More »Only thing going right for tech firms is stock market
Bloomberg Technology stocks have reclaimed record highs, making them one of the first groups to put last year’s carnage behind them. But everywhere else you look in the industry, bad news is overwhelming the good. Profits are shrinking at an alarming pace, valuations are reflating and politicians want to break the companies up. Semiconductor orders have slumped, and spending on …
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