Stocks

Goldman sees foreigners returning to Japan stocks

  Bloomberg Now could be the time for foreign investors to return to Japanese equities, according to Goldman Sachs. Corporate governance reforms, a recovery in domestic demand and the strong performance of local stocks in US dollar terms are all potential catalysts that may lure foreigners back after they sold net 1.1 trillion yen ($10 billion) of Japanese equities last ...

Read More »

Europe stocks rise fifth day as pound falls on data

  Bloomberg European shares advanced for a fifth day, while the pound retreated at the start of a busy week that includes a meeting between Xi Jinping and Donald Trump and culminates in the monthly US jobs report. The Stocks Europe 600 Index gained as much as 0.4 percent before paring the advance, while the euro was little changed after ...

Read More »

Shares in Turkish chocolate firm tumble

  Bloomberg Shares in the sister company of Godiva Chocolatier Inc. plunged in Istanbul after an April Fools’ Day-themed commercial went wrong. The confectioner, Ulker Biskuvi AS, faced an immediate and intense backlash to its 50-second animated clip, with protesters including a government lawmaker gathering outside President Recep Tayyip Erdogan’s Istanbul residence over the weekend. The politician, Metin Kulunk, said ...

Read More »

Japan stocks rise on first day of fiscal year

  Bloomberg Japanese stock benchmarks advanced on their first trading day of the new fiscal year as industries focused on Japan’s domestic economy helped prop up the market. The Topix rose 0.3 percent, as foodmakers, retailers and telecommunications companies boosted the gauge. Defensive sectors were likely to be bought after an advance in their US counterparts, Shoji Hirakawa, chief global ...

Read More »

Whimpering finish caps best quarter for US equities since 2015

  Bloomberg Its last day may have been a washout, but the first quarter just took its place among the best of the lengthening bull run for US stocks. Even with a 0.2 percent decline, the S&P 500 Index surged 5.5 percent in the three months ended March 31, the biggest advance since shares jumped 6.5 percent at the end ...

Read More »

Argentina’s biggest brokerage weighs local IPO

  Bloomberg Puente Hnos SA, the largest local brokerage in Argentina, is weighing selling shares of its UK holding company in Buenos Aires before the end of the year. The company is still considering an initial public offering in New York or London, Federico Tomasevich, Puente’s global chairman, said in an interview. Selling the securities in Argentina is preferred because ...

Read More »

Australia’s most shorted stock has only one analyst saying sell

  Bloomberg It’s Australia’s most-shorted stock, but only one of the 10 analysts covering it considers it a sell. Meet Aconex Ltd., a Melbourne-based company whose software helps architects and developers work together in the cloud. If you believe the sell-side, shares will rise 10 percent over the next year. Bears, however, have a completely different opinion: their bets against ...

Read More »

World stocks mixed, Asia drops on Chinese liquidity concerns

  HONG KONG / AP World stocks were mixed on Thursday, with Asian indexes falling as Chinese authorities tightened liquidity in the financial system of the world’s second largest economy. Germany’s DAX edge up 0.1 percent to 12,212 and France’s CAC 40 was flat at 5,067. Britain’s FTSE 100 shed 0.3 percent to 7,353. US shares were poised for a ...

Read More »

US stocks fluctuate pound slips on Brexit

  Bloomberg US stocks rose for just the second time in nine sessions, as financial shares rebounded from a six-week low after a spike in consumer confidence rekindled optimism in the strength of the American economy. Treasuries slipped and the dollar edged higher. Banks slammed by concern Donald Trump would have trouble getting regulatory roll-backs through Congress rallied on Tuesday ...

Read More »

Asian stocks mixed as investors weigh US data

  HONG KONG / AP Asian stocks were uneven on Wednesday as investors weighed strong US economic reports against uncertainty as Britain readies a formal request to leave the European Union. Tokyo’s benchmark Nikkei 225 index was practically unchanged at 19,208.10 and South Korea’s Kospi rose less than 0.1 percent to 2,164.32. Hong Kong’s Hang Seng climbed 0.4 percent to ...

Read More »
Send this to a friend