Stocks

BLOOMBERG India’s National Stock Exchange (NSE) is planning to offer derivatives based on its bond indexes, according to people familiar with the matter, as it seeks attract more investors to its platform. The NSE has already applied to the Securities Exchange Board of India for approval and is aiming to launch the corporate debt product by September, the people said. ...

BLOOMBERG Key Indian stock indexes jumped to all-time highs as resilient company earnings and a brighter economic outlook continue to prompt domestic as well as foreign investors to pump more money into the market. The S&P BSE Sensex rose 0.7% to finish at 63,384.58 in Mumbai, while the NSE Nifty 50 Index advanced by a similar measure to 18,826.00. The ...

BLOOMBERG The yen weakened to its lowest since November against the dollar as traders shifted their focus from a hawkish Federal Reserve to Friday’s Bank of Japan (BOJ) policy decision. The relatively hardline stance from Fed officials stands in sharp contrast to BOJ policymakers who have stuck with monetary easing even as most global peers tighten, a disparity that favors ...

BLOOMBERG Stocks retreated on Thursday, with sentiment subdued by the Federal Reserve’s hawkish tone and weak economic data from China. Futures for US benchmarks slid after Chairman Jerome Powell said nearly all Fed officials expected it would be appropriate to raise interest rates “somewhat further” this year following the pause. The tech-heavy Nasdaq 100 was set to trim some of ...

BLOOMBERG The SIX Swiss Exchange is investigating the technical glitch that caused the country’s worst stock market outage in more than decade. The Zurich-based exchange said it will release findings from its investigation in a couple of days. “It was a technical issue,” said Juerg Schneider, the Swiss exchange’s head of media relations, without giving details about the specific nature ...

BLOOMBERG Treasury yields fell amid market expectations that the Federal Reserve will keep its interest rates steady for the first time in 15 months to evaluate whether or not further tightening is needed. Bonds reversed course on Wednesday, with yields dropping across the curve, after another inflation reading showed signs of cooling. The market for wagers on the outlook for ...

BLOOMBERG Kenya’s crippling dollar shortage is driving away investors, turning a once-booming stock market into the worst in the world. Nairobi’s All-Share Index has plunged 19% this year, the steepest drop among the almost 100 global indexes tracked by Bloomberg. The nation is in the grip of a foreign-exchange crunch, with major companies and investment firms facing weeks of delay ...

BLOOMBERG Wall Street got some encouragement to keep pushing stocks higher after a slowdown in inflation bolstered speculation the Federal Reserve will pause its tightening campaign on Wednesday. That’s not to say investors are betting the Fed is done with its interest-rate hikes just yet. While swap traders lowered their wagers on a June increase to about 10%, they still ...

BEIJING / WAM The central parity rate of the Chinese currency renminbi, or the yuan, weakened 97 pips to 7.1212 against the US dollar on Monday, state media Xinhua quoted the China Foreign Exchange Trade System as saying. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate ...

BLOOMBERG The rally in Japanese stocks that pushed the nation’s blue-chip gauge ahead of the world’s other major benchmarks this year could slow down. The Nikkei 225 Stock Average will rise about 1% from current levels to 32,750 by year-end, according to the median estimate of six responses in a Bloomberg News survey. While that would lift the Nikkei to ...