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 ...
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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 ...
Read More »Outlook for Japan’s yen worsens as traders turn bearish
Bloomberg The omens are looking bad for the yen. Traders have boosted short positions on Japan’s currency for six straight weeks as signs that economic growth is slowing make it more likely the central bank will maintain its record monetary stimulus. At the same time, global risk sentiment is improving as the US and China near a deal to resolve ...
Read More »Stocks advance on upbeat economic data; bonds dip
Bloomberg US stocks advanced and bonds retreated globally as upbeat economic reports from China to Europe and renewed hopes for a Sino-US trade deal attracted investors to riskier assets. The euro and pound strengthened. The S&P 500 climbed for a fifth day, equaling the longest winning streak in two months. The Dow briefly erased gains after a gauge of US ...
Read More »Italy’s FTSE MIB set to enter bull market
Bloomberg Italian stocks extended their 2019 rally on Wednesday, with the FTSE MIB benchmark set to enter a bull market, boosted by positive economic data. The benchmark gauge rose 1 percent and has gained 20 percent since reaching a two-year low on December 27 in a broad-based advance led by stocks including Ferrari NV and UniCredit SpA. March’s composite PMI ...
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