Bloomberg European equity investors were in a bullish mood as technology companies extended their winning streak, leading gains across almost all sectors. The dollar weakened a third day and Treasuries rose, neither with much conviction as traders tread water before the US interest rate decision. The Stoxx Europe 600 Index headed for the highest in more than a week as …
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Indian stock market bears up against monsoon rains, tax plan
Bloomberg Seasonal rain and a simpler tax system are going to give another push to India’s stock market, the best this year among the 10 largest. So says Baroda Pioneer Asset Management Co., countering the bearish view that stocks in India have become too expensive too fast. Further gains, the money manager says, are underpinned by a growing economy and …
Read More »Hong Kong stock rally seen immune to currency drop
Bloomberg The Hong Kong dollar may be sliding into the weak end of its trading band, yet money managers see no reason for stock investors to turn bearish just yet. Unlike previous bouts of weakness in the pegged currency — when fears of a Chinese hard landing sent capital fleeing the city’s equities — this time around there’s plenty of …
Read More »European stocks gain as Technology rout fades
Bloomberg Technology companies led a bounce in European stocks as a global selloff that started in the sector last week showed signs of abating. The pound managed to advance as Theresa May survived a showdown with rank-and-file lawmakers and sought to prop up her minority government. Almost every industry group in the Stoxx Europe 100 Index traded in the green, …
Read More »Evergrande bond rally puts lingering leverage worry in focus
Bloomberg A rally in bonds of China’s most-indebted developer has some analysts warning that steps to cut borrowings have yet to bring leverage down to healthy levels. China Evergrande Group said that it has agreed to sell its stake in China Vanke Co. for 29.2 billion yuan ($4.3 billion), freeing up cash as it cuts its debt load. That came …
Read More »US tech selloff batters stocks
Bloomberg A selloff in US technology stocks spread through Asia and Europe, battering shares from South Korea to the Netherlands. The pound fluctuated as an embattled Theresa May fought to survive the fallout from the British general election. Samsung Electronics Co., ASML Holding NV and Tencent Holdings Ltd. led declines in Europe and Asia, dragging down benchmark indexes. US stock …
Read More »Pakistan stocks fall most globally as PM Sharif to appear for probe
Bloomberg Pakistan’s key stock index declined the most globally on Monday as Prime Minister Nawaz Sharif was called to appear before a team investigating corruption allegations against his family. The nation’s benchmark KSE100 Index declined 3.8 percent at the close in Karachi, the most among 96 primary indexes tracked by Bloomberg. Habib Bank Ltd. was the leading decliner down 3.2 …
Read More »US stocks still best for Vanguard founder after 400 percent gains
Bloomberg While a chorus of market experts is telling investors to look outside of the US for big returns, at least one loud voice is singing a very different tune — Vanguard Group founder Jack Bogle. The 88-year-old investor, who started the first index fund in 1976, said that he’s fully invested in US securities, with stocks and bonds having …
Read More »Venezuela ‘bond jitters’ grow after Goldman deal
Bloomberg The Venezuelan debt that Goldman Sachs Group Inc. bought last month may be known as “hunger bonds†to many in the international community, but they’re earning a different moniker on Wall Street: repudiation bonds. In the days since that controversial transaction, numerous investors have been approached by brokers putting out initial feelers to gauge their interest in the notes, …
Read More »Flight to haven steadies, bank rescue spurs equities
Bloomberg A measure of calm returned to markets on Wednesday, as investors started to reassess the risks surrounding a series of key events this week. Bank stocks powered equity gains after a troubled Spanish lender was rescued. Traditional haven assets steadied after Tuesday’s jump, with gold and Treasuries edging lower and the yen tempering an advance. European equities headed for …
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