Stocks

Traders with $515bn boycott stocks for cash

Bloomberg Investors with $515 billion surveyed by Bank of America Merrill Lynch aren’t convinced by the new-year equity rally and prefer cash to stocks. Global equity allocations in February fell to the lowest level since September 2016, according to BofA, even as the MSCI All Country World Index is up almost 8 percent in 2019. That indicates a deep lack ...

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Plus500 dips after revealing dependence on bad bets

Bloomberg Plus500 Ltd., sponsor of Spanish soccer team Atletico Madrid, plunged after the broker revealed how much it has cushioned the blow of new rules with profits from customers’ bad wagers. It also warned 2019 earnings will take a hit. The London-traded company recorded a $56 million trading gain by taking the other side of clients’ bets during the fourth ...

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Stocks advance as key week for trade kicks off

Bloomberg US equity futures climbed with stocks in Europe at the start of a week that could be pivotal for the global trade outlook. The dollar strengthened for an eighth day. Contracts on the S&P 500 reversed earlier declines and the Stoxx Europe 600 Index gained as investors looked ahead to high-level trade talks this week between Chinese Vice Premier ...

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China’s bullish start to year gains momentum as small caps increase

Bloomberg The bullish mood building in China’s equity market is entering a new phase, with investors flocking to riskier stocks as trading reopened on Monday. The ChiNext Index closed 3.5 percent higher in Shenzhen for a second straight session, its best two-day performance since October. A gauge of Shanghai-traded large caps added 1.1 percent following the Lunar New Year break. ...

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Equal opportunity recovery weans the S&P 500 of its megacap habit

Bloomberg As stock rebounds go, this one has been big, sudden, and decidedly broad, with signs megacap titans are relaxing the stranglehold in which they’ve held the S&P 500 for two years. While the rally took a breather last week, it remains the best annual start for US equities in almost three decades, with $1.7 trillion added to share values. ...

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Bond traders facing deja vu of risks from shutdown to inflation

Bloomberg Treasuries traders may get a feeling of deja vu next week — they’ll be contending with some familiar geopolitical risks as they also absorb key economic data that could help solidify expectations for Federal Reserve policy. Brexit negotiations, trade talks and the specter of another US government shutdown loom against the backdrop of growing concern over the global economy. ...

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Stocks edge up as dollar advances; iron ore rises

Bloomberg US equity futures and European stocks edged up on Wednesday as investors digested the latest earnings from corporate heavyweights. The dollar stayed higher as delayed data showed America’s trade deficit narrowed, while Treasury yields ticked lower. Contracts on the Nasdaq index advanced and those on the Dow Jones and S&P 500 gauges eked out small gains after General Motors ...

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India stocks gain on optimism RBI may change ‘rate view’

Bloomberg India stocks gained on optimism that the nation’s central bank may abandon its hawkish view on interest rates, in a decision due on Thursday. The S&P BSE Sensex advanced for a fifth session, climbing 1 percent to 36,975.23 in Mumbai, its highest level since September. The NSE Nifty 50 Index also added 1.2 percent to reclaim the 11,000 mark, ...

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Philippine stock market just 154 points from a bull run

Bloomberg The Philippine stock market flirted with a bull market run on Wednesday, before ending the day lower. Still, the benchmark recovered a remarkable 18% in just three months, and investors say positive earnings results will further spur gains. The Philippine Stock Exchange Index climbed as much as 1.8 percent in Manila, before it fizzled, dipping below the 8,212.59 level ...

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US futures rise as Europe stocks jump on results

Bloomberg US equity futures advanced on Tuesday, taking their cue from a rally in Europe after strong earnings from oil giant BP. The euro edged lower and the pound weakened. Contracts on the S&P 500, Nasdaq and Dow Jones indexes all gained ground through the European morning after a lackluster start, though Google-parent Alphabet Inc. slipped in early trading after ...

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