BLOOMBERG US stocks slipped after hiring data remained high enough to quash speculation the Federal Reserve would leave interest rates unchanged later this month. The S&P 500 and Nasdaq 100 are on track to end the week lower after data showed a still-resilient labour market, but one that was less robust than implied by the private payrolls report. Tempering any ...
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European stocks drop by most in two weeks
BLOOMBERG European stocks retreated by the most in two weeks following hawkish minutes from the Federal Reserve’s last policy meeting, with investors also weighing early corporate earnings reports. The Stoxx 600 was down 1.1% in London — the biggest intraday drop since June 22. All sectors declined, led by travel and leisure and retail. Among individual movers, Hunting Plc soared ...
Read More »Stocks fall on Fed, gilts drop as interest rate bets climb
BLOOMBERG Stocks dropped as global markets responded to Federal Reserve commentary that was more hawkish than expected. UK government bonds fell. European and Asian stocks saw broad declines, while contracts on the S&P 500 pointed to a continuation of the losses on Wall Street. In the UK, yields on 10-year government bonds climbed to the highest since the gilts crisis ...
Read More »Double-digit gains suggest turning point for Sri Lanka markets
BLOOMBERG Sri Lankan stocks surged as markets reopened following a three-day holiday, after a plan to revamp domestic debt eased concern over financial sector stability. The Colombo All-Share Index closed 6.7% higher, its biggest single-day gain in more than 15 months, led by financial shares. The Sri Lankan rupee advanced 0.6% to 305.01 per dollar. A 2027 Sri Lanka rupee ...
Read More »Stocks decline as China data saps risk sentiment
BLOOMBERG European stocks and US equity futures followed Asian shares lower after weak services-industry data from China raised fresh concerns about the outlook for the global economy. The Stoxx Europe 600 Index fell about 0.5%, with miners leading the retreat on concern about waning minerals demand from China. The gauge extended its decline after a composite purchasing managers’ index for ...
Read More »Stock rally pauses in thin trading amid US holiday
BLOOMBERG The rally in global shares paused in quiet trading as US markets were shut for a holiday. Europe’s benchmark Stoxx 600 edged higher on trading volume that was a quarter lower than the 30-day average. Real estate shares climbed, while J Sainsbury Plc fell as the UK grocer’s unchanged pretax profit forecast underwhelmed analysts. In Asia, Japan’s Nikkei 225 ...
Read More »South Africa to require crypto exchanges licensing by year-end
BLOOMBERG South Africa will require that crypto exchanges in the country operate with licenses by the end of the year, according to the country’s financial regulator. The Financial Sector Conduct Authority (FSCA) has received about 20 applications since opening for licenses a few weeks ago, with more expected before the deadline of November 30, FSCA Commissioner Unathi Kamlana said in ...
Read More »Nasdaq futures extend rally on Tesla’s sales beat
BLOOMBERG Stocks kicked off the new quarter on a bullish note, with electric-car makers Tesla Inc and BYD Co climbing on record quarterly sales. Tesla gained 6.3% in premarket trading, while BYD climbed in Hong Kong trading, leading shares of battery suppliers also higher. Contracts on the Nasdaq 100 climbed, after the tech index notched its best-ever first half of ...
Read More »Stock market rally puts Zimbabweans on edge
BLOOMBERG In Harare, Zimbabwe, home to the world’s biggest stock market rally, the gains come at break-neck speed: 5%, 10%, even 20% in a single session. Tally them up, and the market is up an astonishing 800% on the year. But in a country where up is often down and the next currency crisis is always just around the corner, ...
Read More »Bonds rally as economic threat hits risk appetite
BLOOMBERG Government bonds rallied and stocks dropped as investors hedged the risk that economies would flag under central banks pushing their inflation-fighting zeal and rate-hiking campaigns too far. European bond yields slumped as the Stoxx Europe 600 Index extended declines to a sixth day, the longest losing streak since October.Germany’s 10-year benchmark yield tumbled four basis points as data showed ...
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