Stocks

Bloomberg Tech stocks are bouncing back. But distaste for what was the market’s favourite group as recently as last summer is starting to spread among large swaths of money managers. Headed into the heart of earnings season, hedge funds cut their industry exposure to the lowest level since July 2016, client data compiled by Goldman Sachs showed. Meanwhile, investors have …

Bloomberg Most Middle Eastern stock indexes rose as investors tracked full-year earnings and merger deals. Egypt’s main gauge advanced to its highest level since November. Global Telecom Holding added 10 percent after majority shareholder Veon Ltd. offered to support the company’s funding requirements and look at taking it private. Ahli United Bank shares in Bahrain and Kuwait rose after Kuwait …

Bloomberg A Philippine fund manager that made money amid the 2018 equity meltdown is now looking for new horizons. Michael Garcia, the CEO  and chief investment officer of MBG Capital Inc. in Manila, wants to apply his expertise of Philippine shares to Vietnam and Myanmar. While considered frontier markets, he says they offer investment themes similar to the ones he’s …

Bloomberg US equities advanced alongside stocks in Europe as traders weighed the latest corporate earnings and moves to end the American government shutdown against lingering doubts over trade. The dollar’s six-day rally stalled and Treasury yields rose. The S&P 500, Dow Jones and Nasdaq indexes all opened higher after IBM topped profit estimates and Procter & Gamble increase the upper …

Bloomberg Nasdaq Inc and Citigroup Inc are among firms that are investing $20 million in Symbiont.io Inc, a New York-based company that’s applying blockchain technology to capital markets. Their support for Symbiont shows Wall Street’s enthusiasm for the technology behind Bitcoin hasn’t completely cooled with the collapse in cryptocurrencies. And it comes despite a growing pragmatism about the technology’s limitations …

Bloomberg Stocks dropped on Tuesday alongside US futures as a cloudy outlook for trade and growth continued to weigh on risk appetite. Treasuries climbed and the yen strengthened. Futures on the S&P 500, Dow and Nasdaq all pointed to a softer open a day after American markets were shut for a holiday. EBay Inc bucked the trend, surging in early …

Bloomberg The pound gained for a second day as upbeat UK employment data buoyed investor sentiment that was already underpinned by optimism the nation will avoid a no-deal Brexit. Sterling rose above $1.29 as official data showed wage growth in Britain was the fastest since the financial crisis during the three months through November, while the unemployment rate declined to …

Bloomberg European stocks and US equity futures slipped on Monday while Asian markets posted modest gains as investors assessed the latest headlines on the economy and trade. The dollar was steady, while bonds in Europe were mixed. The Stoxx Europe 600 Index was on course for its first drop in five days, tracking S&P 500 futures lower on what is …

Bloomberg A surge in the baht is adding to the challenges facing Thailand’s trade-dependent economy this year as exports decline. The baht’s climb of about 5 percent against the dollar in the past six months is the strongest in the world, according to data compiled by Bloomberg. Exports are already suffering from the US-China trade war and fell in December …

Bloomberg The euro will live for at least another two decades after financial crises since the start forced governments to strengthen its foundations, according to economists surveyed by Bloomberg. But as the currency celebrates its 20th birthday this year, most respondents warn against complacency — particularly after populist political campaigns across the region publicly toyed with the idea of exiting …