Bloomberg Treasuries rose for a fourth day and gold reached a three-month high as demand for haven assets persisted with investors assessing political risks in Europe and the US American equities slumped. The S&P 500 Index extended a stretch of listlessness as disappointing bank results in Europe added to pressure on financial shares. Yields on 10-year Treasury notes fell ...
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Chinese developers lead Asia stocks higher as Indian shares fall
Bloomberg Asian shares rose as Chinese property developers jumped on optimism, offsetting declines in India where the government unexpectedly signaled an end to an easing cycle. The MSCI Asia Pacific Index gained 0.3 percent as of 5:07 p.m. in Hong Kong, erasing an earlier decline. Country Garden Holdings Co. surged the most in 21 months as analysts at Goldman ...
Read More »US shares climb as Dow sets record on industrial-stock rally
Bloomberg U.S. stocks climbed on Tuesday as investors assessed data on the country’s trade deficit and continued to sift through earnings reports for clues on the economy’s health. The S&P 500 Index added 0.3 percent to 2,299.32 at 9:45 a.m in New York, while the Dow Jones Industrial Average climbed 100 points to an intraday record of 20,149. The ...
Read More »Discounts on Turkish stocks show rally has legs, GAM’s Love says
Bloomberg Turkish stocks could still have another 10 percent to gain, despite a rally so far this year that has propelled them to a place at the top of global indexes. A combination of depressed valuations, central-bank efforts to support a declining currency and improved sentiment toward riskier assets has driven the benchmark Borsa Istanbul 100 Index 12 percent ...
Read More »European stocks decline ahead of Draghi testimony
Bloomberg European stocks fell on Monday, with banking shares surrendering early gains, as concern increased about the region’s political risks and as investors await European Central Bank President Mario Draghi’s testimony at the European Parliament. The Stoxx Europe 600 Index was down 0.6 percent as of 1:56 p.m. in London, after erasing an earlier gain of 0.2 percent. The ...
Read More »Treasuries, gold rise as US stocks slip with oil
Bloomberg Treasuries rose with gold, while US and European equities slipped as a note of caution spread through global financial markets amid signs of growing political uncertainty in France and as investors await details from the Trump administration on promised pro-growth policies. The euro slumped versus the dollar and the region’s bonds advanced after prospective French presidential candidate Marine ...
Read More »Wall Street hope revived as Trump plans to roll back rules
Bloomberg Just when Wall Street was starting to wonder whether President Donald Trump really would be good for business, the new administration is delivering on bankers’ wish lists and sending shares of the biggest US financial companies soaring. Trump signed two directives aimed at starting the process of rolling back restrictions put in place to prevent another financial crisis. Among ...
Read More »US stocks climb on payrolls surge as Trump targets Dodd-Frank
Bloomberg US stocks rose the most in a week after Labor Department data showed US employers in January hired the most workers in four months. Financial shares rallied on the prospect of looser financial regulations. Banks posted the best day since mod-November as President Trump prepares to sign executive orders on deregulation and an examination of the Dodd-Frank act. ...
Read More »European stocks fall back as Swatch, Deutsche Bank miss
Bloomberg European stocks fell on Thursday, trimming some of the sharp gains made in the previous session, as lower-than-expected results from Swatch Group AG and Deutsche Bank AG rattled investors. The Stoxx Europe 600 Index was down 0.2 percent at 08:17 a.m. in London. The index gained 0.9 percent on Wednesday, as industrial shares advanced on earnings reports, while ...
Read More »Japan stocks hit from abroad again as Topix wipes out 2017 gains
Bloomberg Japan’s equity market found itself hostage to global events yet again. This time it was the Federal Reserve, which signaled it’s in no hurry to raise rates, pushing the U.S. dollar lower and strengthening the yen. Like clockwork, shares fell, with the benchmark index wiping out all gains for the year. Then the 10-year yield rose above 0.1 ...
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