Stocks

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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Goldman Sachs says don’t hold your breath for big stock returns

Bloomberg Investors that didn’t profit from the equity rally in January, missed out on most of the returns for the year, according to Goldman Sachs Group Inc. strategists. “The dislocation at the outset of the year — when markets had overpriced the slowdown — has almost disappeared,” said the strategists led by Sharon Bell. “The rally we expected has happened ...

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Tech leads US stocks higher

Bloomberg US stocks rose for a fourth day, with technology shares leading the advance as investors awaited fresh catalysts after digesting solid American economic data and inconclusive trade talks in Washington. The S&P 500 overcame morning weakness to push higher, while Nvidia, Adobe, Microsoft and Apple led the Nasdaq indexes to solid advances. Alphabet reports earnings after the closing bell. ...

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India’s sensex climbs to four-month high

Bloomberg India’s benchmark equity index rose to its highest level since September in a late surge helped by gains in a handful of large-cap stocks, as investors digested the the government’s last federal budget before the national ballot. The S&P BSE Sensex rose 0.3 percent to 36,582.74 in Mumbai after falling as much as 0.7 percent in early trade. The ...

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$364 billion of Australian shares just got a bump

Bloomberg Australian investors just got the final piece of a 13-month inquiry into rampant misconduct at nation’s biggest banks and financial firms that could set the tone for country’s stocks this week. The report on financial companies was released after the stock market closed on Monday and recommended against a structural separation. The S&P/ASX 200 Finance Index, whose companies account ...

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Asia stocks witnessing a ‘bear-market bounce’

Bloomberg What we’ve been witnessing in Asia and the emerging markets could just be a “bear-market bounce.” That’s how JPMorgan Asset Management views the January rally. While Jasslyn Yeo, global market strategist at the money manager, sees the potential for more gains in the first half of the year, investors will need to reassess their positions for the second half. ...

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FAB’s rise gives boost to Abu Dhabi stocks by most in Middle East

Bloomberg Abu Dhabi stocks climb the most in the Middle East as the United Arab Emirates’ biggest lender seeks to increase the limit on foreign ownership of its shares. First Abu Dhabi Bank (FAB) surged as much as 5.8 percent, the most since April 2017. The stock was the biggest contributor to the ADX General Index’s 1.6 percent gain. The lender ...

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