Bloomberg US stocks fell and Treasuries rose as global financial markets turned cautious amid rising tension in the Middle East and renewed political discord in America. The dollar stayed lower as a key gauge of inflation accelerated. All major equity indexes were lower after President Donald Trump’s provocative comments about Russia and his warning that America’s preparing to attack Syria. …
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Egypt surges on real estate merger talks
Reuters Egyptian real estate stocks surged on Wednesday after two big companies in the sector said they might merge, while Saudi Arabia fell sharply after US President Donald Trump threatened imminent military action in Syria. In Egypt, the stock index gained 1.4 percent as SODIC jumped 5.5 percent to a 10-year closing high and Madinet Nasr for Housing and Development …
Read More »Stocks rally as trade tiff eases; Treasuries slip with dollar
Bloomberg Stocks surged on Tuesday following conciliatory remarks from Chinese President Xi Jinping aimed at releasing some pressure from a trade dispute between the world’s biggest economies. Treasuries fell with the dollar. All major US equity indexes were up more than 1.4 percent after Xi said Cold War and zero-sum mentalities were “out of place,†and backed free trade and …
Read More »Worst-performing Swedish krona seen gaining in turnaround
Bloomberg The krona is the worst-performing major currency this year. That may be about to change. Sweden’s krona should recover from this month’s eight-year low of 10.35 per euro as factors that have weighed, such as weaker-than-forecast inflation, are either already priced in or will improve, according to SEB AB. The bank sees it appreciating to 9.80 per euro by …
Read More »US stocks rise with China’s Xi expected to calm tensions
Bloomberg US stocks climbed with Asian equities as investors looked to China’s President Xi Jinping to calm a trade dispute between the world’s two largest economies. Treasuries fell with gold. The S&P 500 Index rose after last week’s 1.4 percent tumble, and strength in semiconductors, software and technology hardware pushed the Nasdaq 100 Index and Nasdaq Composite Index up more …
Read More »With NSE sidelined, shares of India exchanges stagger
Bloomberg India’s dominant stock venue is unable to list its shares due to a regulatory probe. For the last six months, investors probably wished the country’s other exchanges never went public, either. Multi Commodity Exchange of India Ltd. fell the most among all global exchanges in the past six months, declining 29 percent. BSE Ltd., which trades stocks and currency …
Read More »Oil rises most in two weeks
Bloomberg Crude climbed by the most in more than two weeks amid a weaker dollar and easing concern that a trade war will break out between the US and China. Futures jumped as much as 1.6 percent in New York as the dollar dipped, boosting oil’s appeal as a store of value. As investors evaluate the ongoing tensions between US …
Read More »Trump tweets toy with stocks as trade bluster shakes Wall Street
Bloomberg Donald Trump’s got the stock market on a string, but investors are less sure of the game he’s playing. The Republican president’s renewed ramblings on trade dominated US equity markets this week, with a tweet-induced swoon on April 6 leaving the S&P 500 Index 1.4 percent lower than where it started on Monday. The gauge swung wildly, notching four …
Read More »US stocks pare losses as trade dispute with China reassessed
Bloomberg US stocks pared losses, while haven demand eased as investors speculated that the final form of any Chinese tariffs might be less onerous than currently proposed. The S&P 500 Index cut its decline by almost two-thirds as representatives from China and the Trump administration left the door open for a negotiated solution. The proposals wouldn’t take effect for months. …
Read More »US stocks bounce back with tech; Treasuries weaken, dollar steady
Bloomberg US stocks bounced back from Monday’s selloff as the rout in technology selloff eased and carmakers rallied on strong sales reports. Treasuries and gold retreated. The S&P 500 climbed from the lowest level since early February after closing below the 200-day moving average for the first time since the Brexit vote almost two years ago. General Motors jumped almost …
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