Bloomberg US equity futures advanced alongside stocks in Europe and Asia after President Donald Trump postponed the date for boosting tariffs on Chinese imports, taken as a sign of progress in the trade talks. Bonds fell and the dollar retreated. Contracts on the Dow, Nasdaq and S&P all climbed, while the trade headlines boosted carmakers in Europe, fueling an advance …
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China’s stock surge puts world-beating bond rally in shade
Bloomberg A surge in equities is blunting the attraction of China’s world-leading bond rally, prompting analysts to recommend clients pile into stocks rather than debt. News that the US will extend a tariff truce is likely to fuel that momentum. The rally since January 3 has added more than $1 trillion to the value of the country’s equities, while China’s …
Read More »From best to worst, India’s stock market is setting off alarm bells
Bloomberg Two months ago, it was Asia’s hottest stock market. Now, investors are shunning it. India has wiped out $113 billion in value this year after winning the regional equity crown in 2018. Uncertainty surrounding upcoming elections, an ongoing debt issue, a government that’s making greater demands on the central bank and high valuations have kept investors on the sidelines. …
Read More »Traders hitch fortunes to yuan, with fixation over currency pact
Bloomberg Traders are likely to return to work on Monday with a little less angst as the world’s biggest economies edge towards a trade deal. All eyes will be on the yuan as the US and China discuss the critical issue of enforcement in a proposed agreement that would ensure Beijing lives up to its promise to not depreciate the …
Read More »US equity futures drift as Europe, Asia stocks climb
Bloomberg US equity futures struggled for direction and stocks in Europe and Asia climbed as investors awaited the release of minutes from the latest meetings of two of the world’s key central banks. The dollar edged higher and the yuan rose after a report America is asking China to keep its currency stable. Contracts on the Dow Jones and S&P …
Read More »China’s stock rally nearing $1 trillion
Bloomberg As suddenly as it rolled in, the crisis of confidence that shook Chinese stocks last year may be ending. The rally since January has added more than $893 billion to the value of the country’s equities, lifting Shenzhen’s risky startups and state-backed giants alike. The rebound has been so quick and widespread that it’s already triggered signs of overheating …
Read More »For tech bulls, Samsung puts Korea back on the map
Bloomberg As Samsung Electronics Co. unveils the next generation of its smartphones on Wednesday, investors will no doubt be looking for a better showing from the mobile giant after a difficult 2018. Based on the hot start from Samsung shares, they already seem to be counting on South Korea’s biggest stock to succeed. It has surged 21 percent so far …
Read More »Chinese state media add more fuel to $882 billion equity rally
Bloomberg Chinese state media sought to highlight the growing bull case for the country’s shares. A front-page story in the China Securities Journal noted a bullish trend in financial markets, while Shanghai Securities News said insurers are optimistic about the country’s equities. The articles come against the backdrop of the Shanghai Composite Index advancing 12 percent from Jan. 3 and …
Read More »â€˜Global equities still better value than bonds’
Bloomberg Earnings growth will continue to underpin equity gains despite more frequent bouts of volatility and mounting risks for financial markets, according to Lazard Asset Management. The US economy is in much better shape than investors believe and current market valuations suggest, Ronald Temple, co-head of multi-asset and head of U.S. equity at the $216 billion investment manager, told a …
Read More »US equity futures, Europe stocks retreat; dollar edges higher
Bloomberg US equity futures followed declines across Europe as investors awaited fresh clues on the outlook for global trade and growth. The dollar edged higher with Treasuries. Contracts on the Nasdaq, Dow Jones and S&P 500 indexes all turned lower as traders returned from the long weekend and before the next round of talks between America and China to try …
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