Bloomberg The dollar fell and Treasuries held gains as soft inflation data from the US continued to feed into markets after the holiday weekend. US stocks edged higher as upbeat economic data from China offset lingering geopolitical concerns. The S&P 500 Index rebounded from a weekly drop, though trading was light, with many key markets still shut for Easter. ...
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‘Japan stock gloom overdone’
Bloomberg Japanese stocks have been battered so badly that they’re too cheap to ignore, says the $165 billion investor Pictet Asset Management Ltd., after the Topix index tumbled to its fifth straight weekly loss. “It’s a buying opportunity,†Hiroshi Matsumoto, head of Japan investment at the money manager, said in a phone interview from Tokyo. Matsumoto gave two reasons ...
Read More »Cohn’s Goldman shares sold as he touted financial overhaul
Bloomberg On the same day that President Donald Trump’s top economic adviser, Gary Cohn, publicly promoted the administration’s plans to overhaul financial regulations, part of Cohn’s stake in Goldman Sachs Group Inc. was sold, according to federal financial-disclosure documents. The bank’s share price rose that day by 4.5 percent on news of the planned regulatory review, as other financial-industry ...
Read More »US stock markets fall on Trump talk as dollar steadies
Bloomberg US stocks opened lower as the dollar stabilized from earlier losses as markets digested comments from US President Donald Trump on Wednesday denouncing the greenback’s strength and championing lower interest rates. Banking stocks led a European decline. The S&P 500 Index opened down 0.25 percent at 2,339.09 Thursday, while the Dow Jones Industrial average fell 0.24 percent to ...
Read More »Stocks subdued, gold rises as investors eye global risks
HONG KONG / AP Stock markets were subdued and the price of oil and gold rose Wednesday as geopolitical risks kept investors on edge ahead of a long weekend. In Europe, France’s CAC 40 gained 0.2 percent to 5,113 and Germany’s DAX added 0.1 percent to 12,150. Britain’s FTSE 100 fell 0.1 percent to 7,357. US indexes were poised ...
Read More »Global stocks mixed, gold rises amid geopolitical tensions
Bloomberg Stocks were mixed on Tuesday and the price of gold rose as investors monitored geopolitical risks — from North Korea’s rumblings over the US to major powers’ plan to put pressure on Russia over the Syrian war. Germany’s DAX edged 0.1 percent lower to 12,194 and the CAC 40 of France was 0.2 percent higher at 5,116. Britain’s ...
Read More »Equity hedge funds see best start since 2013 fueled by Asia bets
Bloomberg Equity hedge funds are getting a pick-me-up after a harsh 2016, when they suffered almost a third of the industry’s withdrawals, amid a global stock rally. The long-short strategy — the top performer — returned 3.2 percent in the first quarter on an asset-weighted basis, marking the best start to a year since 2013, according to Hedge Fund ...
Read More »Egypt stocks fall on bomb blasts, most Mideast markets down
DUBAI / Reuters Egyptian stocks fell on Sunday, hurt by bomb blasts in the country, while most other Middle East stock markets also ended lower as geopolitical tensions weighed on investor sentiment. Some of the Middle East markets started the day in positive territory as higher oil prices briefly offset concerns about a US missile strike on a Syrian ...
Read More »US stocks resilient in week of surprises as VIX stays quiet
Bloomberg A week marked by surprises, from a US missile strike in Syria to a jobs report that was the weakest in almost a year, did little to rattle US equities sitting near record levels. Against a backdrop of rising geopolitical tensions and uncertainty over the Donald Trump administration’s approach to financial regulation, volatility remained muted in the stock ...
Read More »Stocks markets fluctuate, dollar rises amid policy bets
Bloomberg Investors turned attention to Washington to gauge the prospects for sweeping policy changes a day after the Federal Reserve roiled markets with talk of shrinking its balance sheet. The S&P 500 Index fluctuated as a rally in crude boosted energy shares, while banks stumbled after White House economic adviser Gary Cohn was said to support separating their business ...
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