Stocks

BLOOMBERG The biggest two-day slide in Chinese stocks this year suggests traders may be losing faith in the market’s rebound as they reassess inherent risks including geopolitical tensions and a fragile economy. The CSI 300 benchmark has closed 1.2% lower to breach a key technical level, led by declines in technology and materials shares. That added to a 2% drop ...

BLOOMBERG European stocks and US equity futures struggled for direction as traders weighed the latest corporate earnings reports at the start of a week packed with economic data that may help illuminate the path for interest rates. The Stoxx Europe 600 was little changed, with energy companies leading declines as crude prices extended last week’s slump. Banks gained, with UBS ...

BLOOMBERG It would likely cost more than $130 billion a year to end deforestation by the end of this decade, according to a report from a group of financiers, energy industry executives and academics. The Energy Transitions Commission (ETC), which counts senior BP Plc and BlackRock Inc employees among its members, said the analysis is a first-of-its-kind estimate of how ...

BLOOMBERG Bitcoin dropped back below the closely watched $30,000 level amid a wider retreat in the cryptocurrencies, as stubbornly high inflation in the UK fanned fears of higher-for-longer interest rates. The largest token fell 4.5% before paring some of the slide to trade at about $29,175 in London. Ether shed 6% and smaller tokens like Solana and Avalanche suffered steeper declines. ...

BLOOMBERG US equity futures retreated along with European stocks and bond yields rose as traders assessed the latest corporate earnings reports against the backdrop of yet another hot inflation print from one of the world’s major economies. Contracts on the rates-sensitive Nasdaq 100 fell about 0.8%, while those on the S&P 500 were down 0.5%. Morgan Stanley gained in premarket ...

BLOOMBERG Bitcoin’s 2023 rebound has stalled around the closely watched $30,000 level, hampered by the latest US crypto crackdown and a more sober assessment of the outlook for Federal Reserve monetary policy. The largest token edged up less than 2% to $29,941 in New York, after sinking 3% a day earlier in its worst drop since March 9. Ether and ...

LONDON / WAM Gold prices rose on Tuesday after two sessions of losses as the dollar eased, while investors sought more clarity on the US Federal Reserve’s monetary policy stance, Reuters reported. Spot gold was up 0.2% at $2,001.09 per ounce, as of 0457 GMT. Also, US gold futures rose 0.2% to $2,011.10. Spot silver dipped 0.4% to $25.02 per ...

BLOOMBERG US equity futures pointed to gains for Wall Street as signs of a Chinese economic bounceback helped markets look past patchy company earnings and the possibility of more central bank policy tightening. Contracts on the S&P 500 gained 0.4%, while those on the tech-heavy Nasdaq 100 climbed as much as 0.6%. Investors are preparing for more first-quarter earnings, including ...

BLOOMBERG The euro area’s blue-chip index is finally set for its highest close since the global financial crisis. The Euro Stoxx 50 gained as much as 0.3% on Monday, putting it on track to close at its highest level since December 2007, before trading little changed in London. TotalEnergies SE, Airbus SE and Prosus NV outperformed. The gauge got a ...

BLOOMBERG The rally in the S&P 500 has been driven by only a handful of stocks, putting the index at risk of fresh lows if bond yields rise, according to Morgan Stanley’s Michael Wilson — one of the most bearish voices on Wall Street. The percentage of stocks outperforming the S&P 500 on a three-month rolling basis is the lowest ...