Bloomberg Global stocks drifted alongside US index futures on Tuesday, as investors searched for fresh direction after China lowered its growth forecasts and as speculation endured that a Sino-American trade deal is near. Treasuries fell while the dollar strengthened for a fifth day. The Stoxx Europe 600 Index reversed an earlier gain, with automakers and banking shares dragging the gauge …
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Greece to sell €2.5b of 10-year bonds
Bloomberg Greece marked a milestone in its recovery from a bruising financial crisis after agreeing to sell 2.5 billion euros ($2.8 billion) of 10-year bonds for the first time in nine years. The syndicated offer for the 2029 notes will price to yield 3.9 percent, less than an initial target of about 4.13 percent, a person familiar with the matter …
Read More »Stocks, US futures climb on trade-deal optimism
Bloomberg US equity futures advanced alongside global stocks after the US and China were said to close in on a trade deal that may end American tariffs in return for Chinese concessions. The dollar edged higher with Treasuries, while commodities were mixed. Gains in media and construction shares led the Stoxx Europe 600 Index to the highest level in five …
Read More »As trade details emerge, China $7 trillion is next
Bloomberg News that the US and China are near a trade deal that could lift most or all American tariffs did little to bring out the animal spirits from Asia stock traders. But when China said “substantial progress†was made, that appeared to do the trick. The MSCI Asia Pacific Index spiked up around 11:24 a.m. in Hong Kong, with …
Read More »Goldman, JPMorgan still see upside in China assets
Bloomberg Chinese stocks have had a great start to 2019, and it may not stop there. The benchmark CSI 300 Index has risen 25 percent this year, outperforming all other major stock gauges. The offshore yuan has risen more than 2 percent versus the US dollar. And while Goldman Sachs Group Inc. and JPMorgan Chase & Co. say some sectors …
Read More »Domestic revenge ignites in UK stocks as Brexit D-Day averted
Bloomberg A can kicked down the road is better than one that explodes in your face. And so, in stock markets at least, people are feeling more relaxed about Brexit than for some time. With UK Prime Minister Theresa May agreeing to possibly postpone the March 29 scheduled departure date if her deal fails and, at the same time, the …
Read More »Stocks drop on earnings, India; pound strengthens
Bloomberg US equity futures fell alongside European stocks on fresh headwinds from disappointing corporate earnings and geopolitical tension in Asia. The dollar and Treasuries held steady as traders awaited the second half of the Federal Reserve chairman’s testimony to Congress. The Stoxx Europe 600 index declined as Air France-KLM dropped the most ever and Nivea hand-cream maker Beiersdorf cut guidance, …
Read More »Corporate America goes on debt diet after a $3trn binge
Bloomberg US companies are finally listening to stock and bond investors that have been pressing corporations to cut their debt loads. General Electric Co. is selling its biopharmaceutical business to Danaher Corp. for more than $21 billion, and using the money to pay down borrowings. Kraft Heinz is slashing its dividend and using the proceeds of asset sales to reduce …
Read More »Global stocks slide as trade optimism wanes; pound up
Bloomberg Global stocks dropped on Tuesday as the rush of optimism over US-China trade talks from earlier in the week faded. The pound rallied as UK Prime Minister Theresa May promised a vote to delay Brexit if her proposed deal fails. S&P 500 Index futures slid and European stocks edged lower after US President Donald Trump raised the possibility of …
Read More »Stocks, rupee pare declines as investors weigh impact of attacks
Bloomberg Indian stocks and the rupee bounced off the day’s lows as investors assessed the impact of the rising tensions between India and Pakistan against the backdrop of falling oil prices and buoyant emerging markets. The S&P BSE Sensex tumbled as much as 1.4 percent and the rupee lost 0.5 percent in reaction to an air strike on a terrorist …
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