Stocks

Bloomberg The pound is a bargain and may strengthen to $1.45 once the uncertainty surrounding Brexit starts to get resolved, according to Merian Global Investors Ltd. The $45 billion London-based money manager has a long position on sterling, betting the economy will improve as soon as the protracted chaos over the UK’s separation from the European Union is over. “Sterling ...

Bloomberg US equities gained at the start of a week filled with potentially significant catalysts from central bank meetings, geopolitical developments and economic data. Treasuries and the dollar drifted lower. The S&P 500 opened slightly higher, led by financials and energy shares, while chipmakers helped propel an advance in the Nasdaq 100. The Dow Jones Industrial Average fought to hold ...

Bloomberg Foreign investors increased purchases of Saudi equities last week to the highest value on record as they positioned for the kingdom’s inclusion in major benchmarks. Foreigners were net buyers of about 1.6 billion riyals of stocks in five days through March 14, more than any other week since the data were first disclosed in 2015. The inflows picked up ...

Bloomberg India thinks its stocks aren’t fairly represented in several MSCI gauges that are closely tracked by investors around the world. The nation is seeking a review, The Economic Times reported on Monday. A team led by Prime Minister Narendra Modi’s principal economic adviser Sanjeev Sanyal is in discussions with MSCI Inc. since February to push for higher benchmark weighting ...

Bloomberg Volatility is probably lower than it should be, but that doesn’t mean investors should turn defensive, according to JPMorgan Chase & Co. Expectations of the price movement across assets appear to be underestimated by about as much as they were in 2013 before the taper tantrum and in 2014 before the Federal Reserve began tightening, JPMorgan strategists led by ...

Bloomberg That relief investors felt in January when the Federal Reserve took its dovish pivot is showing signs of turning into something bigger. A feeling approaching bliss was on display this week when ahead of Wednesday’s rate decision the S&P 500 staged its biggest rally of the year and more money flowed into equity funds than any time in 12 ...

Bloomberg US equities climbed as data showed better-than-expected demand for durable goods and modest pressure on inflation. The pound jumped before another Brexit vote and the dollar dipped. The S&P 500 Index gained for a third day, with industrial stocks among the best performers. European shares also advanced, and the pound rallied before the next major Brexit vote. Crude oil ...

Bloomberg Hong Kong equity investors must be looking enviously across the border this year. The city’s two main benchmarks are hardly doing badly, but gauges on the mainland — after a grim 2018 — are eclipsing them and just about every other worldwide. The ChiNext in Shenzhen has led the charge with a 35 percent rally. While onshore shares slid ...

Bloomberg India’s stocks advanced with the benchmark equity index rising to its highest level in six months, led by financial services companies. The S&P BSE Sensex climbed for a third session, increasing 0.6 percent to 37,752.17 in Mumbai, bringing its gain for this year to 4.7 percent. The NSE Nifty 50 Index increased 0.4 percent. Both indexes are headed for ...

Bloomberg The rally in US technology stocks continued, with Apple and Visa leading the pack as investors grew confident the Federal Reserve won’t rush to raise rates. Boeing and Brexit otherwise dominated headlines, as the planemaker’s woes deepened and the pound fell before a key vote. The Nasdaq 100 took its two-day advance towards 3 percent after wobbling earlier in ...