Bloomberg US stocks fell along with the dollar as political tensions added to a growing list of investor concerns. Gold rose and Treasuries edged higher. The S&P 500 Index deepened its decline following its biggest weekly retreat since March as President Donald Trump threatened to impose another round of tariffs on China. European and Asian shares dropped after a weekend ...
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Rising telecoms, energy shares help European stocks reverse losses
Bloomberg European equities reversed an early retreat and turned flat as US stock index futures pared losses ahead of the stock market open in New York. The Stoxx Europe 600 Index briefly turned positive on the day after losing as much as 0.7% in the morning. Telecoms outperformed, with Deutsche Telekom AG up 2.3 percent and BT Group Plc up ...
Read More »Market meltdowns happen with an alarming frequency
Bloomberg You could write it off as a fluke in February. When it happened again in March, people got concerned. Now stocks are tumbling a third time in 2018, and investors are starting to sense something has changed. A smattering of 3 percent plunges may not make a bear market, but it sure is a break from the past, which ...
Read More »European short sellers miss out on stock market carnage
Bloomberg Short sellers who have been avoiding Europe have missed out on profiting from the slide in equity markets that has left investors around the world jittery. The benchmark Stoxx Europe 600 Index has fell 3.6 percent in the two trading sessions, dropping to levels last seen in late 2016. At the same time, the overall level of bearish bets ...
Read More »Morgan Stanley sees stock rally before ’19
Bloomberg The winter holidays might not be so miserable after all for stock investors. So say Morgan Stanley strategists, whose warning about a “rolling bear market†seemed to pay off this week after growth stocks led a slide in equities. While underperformance in growth shares will likely persist, stocks may rally before year-end amid cheaper valuations, a supportive earnings season ...
Read More »US stocks fall for a fifth day as Treasuries retreat
Bloomberg US stocks fell for a fifth day as Treasury yields resumed their upward march and investors grew increasingly concerned about the effects of the trade war with China. Oil held near $75 a barrel as a major hurricane headed for the Florida Panhandle. The S&P 500 headed for its longest slide since Donald Trump’s election win on rising concern ...
Read More »Indian stocks rebound from a six-month low
Bloomberg Indian stocks rebounded as some investors judged the recent selloff as excessive after the benchmark index closed at a six-month low. The S&P BSE Sensex rose 1.4 percent to 34,760.89 at close in Mumbai after a technical indicator fell below a level that some investors see as a signal to buy shares. Seventeen of 19 sector sub-indexes compiled by ...
Read More »JPMorgan: Dumping small stocks at recessions a mistake
Bloomberg Avoiding smaller stocks around recessions may be a big error. While US small-cap and midcap equities have historically underperformed large caps during recession-linked down- turns, the gap pales in comparison with smaller stocks’ superior returns over a full economic cycle, according to a note from JPMorgan Chase & Co. strategists led by Eduardo Lecubarri. They say an economic contraction ...
Read More »Stocks retreat, US Treasuries steady; yuan gains on trading
Bloomberg All eyes were on benchmark Treasuries on Tuesday as trading reopened in the wake of last week’s selloff and following a holiday. The 10-year yield crept up to a fresh seven-year high before erasing the move, while US equity futures slid with stocks across Asia and Europe. Both the S&P 500 and the Stoxx Europe 600 Index looked poised ...
Read More »Fund investors in India stay put despite stock-market rout
Bloomberg Investors in Indian equity funds held tight and even bought more last month, seemingly unfazed by the selloff triggered by a tumbling currency and a crisis at a troubled lender. Stock funds took in 111 billion rupees ($1.5 billion) in September, the most since May, up from 83 billion rupees in August, data from the Association of Mutual Funds ...
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