Bloomberg Prime Minister Narendra Modi’s election-win magic looks to be casting a spell on the Indian stock market. The S&P BSE Sensex index will climb to 32,000 by the end of December, up more than 8 percent from its close of 29,518.74 on Monday, according to a median estimate of eight traders and investors surveyed by Bloomberg News on …
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Global stocks weighed down by G20 statement
LONDON / AP Global stock markets were trading lower on Monday after finance ministers from the world’s major economies dropped a pledge to oppose trade protectionism from a weekend statement due to resistance by the Trump administration. In Europe, France’s CAC-40 fell 0.3 percent to 5,015 while Britain’s FTSE 100 declined 0.1 percent to 7,417. Germany’s DAX declined 0.3 …
Read More »US stocks eke out weekly gain, led by high-dividend firms
Bloomberg US equities rose this week thanks largely to advances in companies with high dividends that investors turn to when bond yields fall. The S&P 500 Index added 0.2 percent to 2,378.25. The biggest boost came Wednesday after the Federal Reserve raised the benchmark lending rate a quarter point and maintained its projection for two more increases this year. …
Read More »Fish stocks need filleting for next lift, top Norway fund says
Bloomberg Fish farmers will need to get more kroner out of every fish to provide the next lift for the Oslo exchange’s best-performing sector over the past five years. That means making their product less a commodity and more a consumer friendly, ready-to-eat staple to provide more stable earnings, according to Leif Eriksrod, head of equities at Alfred Berg …
Read More »Stocks, dollar slip on Fed outlook
Bloomberg US stocks fell with the dollar and Treasuries as investors speculated the Federal Reserve will err in favour of more accommodation as it assesses the path for future rate hikes. Crude slipped below $49 a barrel. The S&P 500 Index failed to add to its best advance in two weeks, with health-care shares leading declines. Emerging-market equities surged …
Read More »Stocks rise, Treasuries rally as Fed tightens
Bloomberg US stocks extended gains, Treasuries rallied and the dollar tumbled after the Federal Reserve raised interest rates as expected while keeping steady its forecast that it will tighten a total of three times this year. The S&P 500 Index rose 0.5 percent, while the yield on 10-year Treasury notes tumbled to 2.53 percent at 2:02 p.m. in New …
Read More »European stocks climb with miners on Fed and Dutch election day
Bloomberg European stocks rose, lifted by gains in mining companies, as traders prepared for decisions by Federal Reserve officials and by Dutch voters that may give market signals for the region’s interest rates and politics. The Stoxx Europe 600 Index rose 0.4 percent at the close. Raw materials producers including Rio Tinto Plc and Glencore Plc led a rebound …
Read More »Global bourses fall ahead of Fed meeting
SEOUL / AP Global stocks drifted lower on Tuesday as investors looked to the Federal Reserve’s policy meeting for an expected interest rate increase and hints on future hikes. Britain’s pound fell after the country’s parliament cleared the way for Britain to start its exit process from the European Union. Britain’s FTSE 100 shed 0.1 percent to 7,358 while …
Read More »Oil dips below $50; Euro gains, bonds slump on ECB
Bloomberg European Central Bank optimism on global growth bolstered the euro and sent bonds lower as the prospects for more stimulus dimmed. US stocks rose even as oil slid below $50 a barrel for the first time this year, exacerbating a slump in commodities. Lenders led the S&P 500 Index to its first gain in four days, as the …
Read More »Treasuries tumble with gold as dollar advances
Bloomberg US Treasuries headed for the longest losing streak in five years and the dollar rose as a private reading on US payrolls exceeded expectations, fueling bets the Federal Reserve will lift borrowing costs next week. US stocks fluctuated after a two-day slide. The yield on 10-year U.S. notes climbed for an eighth day to reach 2.56 percent after …
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