Stocks

Stocks halt Brexit selloff as pound advances with commodities

  BLOOMBERG Stocks, the pound and commodities all gained for the first time since Britain’s shock vote to leave the European Union amid speculation policy makers will take steps to limit any economic fallout. The Stoxx Europe 600 Index and sterling both rebounded after tumbling 11 percent in the last two trading sessions. A gauge of the dollar’s strength snapped ...

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India stocks gain as investors seek safety in consumer companies

  Bloomberg Indian stocks advanced as investors bought companies most-tied to the economy after the U.K.’s decision to leave the European Union left global markets in disarray. Drugmaker Lupin Ltd. surged the most in three months, while Bharti Airtel Ltd. rallied the most in a week. Hindustan Unilever Ltd. had the steepest advance since March 21 and ITC Ltd., the ...

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Inside the growing bull case on megacaps in London stocks

  Bloomberg Following Britain’s unexpected vote to leave the European Union, strategists did something that might seem strange: they turned more bullish on a big swath of the country’s shares. The FTSE 100 Index, which tracks the largest companies trading in London, has been relatively resilient since the referendum, falling less than half as much as the broader FTSE 250 ...

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Pound slumps, banks tumble on Brexit fallout; bonds extend gains

  BLOOMBERG The aftershocks of the U.K.’s vote to leave the European Union reverberated across financial markets after a weekend of political turmoil, with the pound extending its record selloff and European equities dropping to levels last seen in February. Sterling fell below Friday’s lows with a 3.7 percent slide to the weakest since 1985 and the FTSE 100 Index ...

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Gold rises for second day as investors seek havens after UK’s exit

  Bloomberg Gold rose a second day as financial markets continued a selloff following the U.K.’s vote to exit the European Union, with inflows into bullion-backed funds surging the most by value since 2012. Bullion for immediate delivery advanced as much as 1.5 percent to $1,335.55 an ounce before trading at $1,326.50 at 2:27 p.m. in Singapore, according to Bloomberg ...

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To buy or not to buy Europe stocks is value hunters’ dilemma

  Bloomberg Europe’s largest money managers are divided on whether to venture near the region’s stocks after the biggest-ever slump made them a steal, going by history. Amid concern that U.K. secession threatens Europe’s political and economic stability, the Euro Stoxx 50 Index dropped 8.6 percent on Friday, led by a record selloff in bank shares, while volatility jumped. That ...

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Copper price tumble hits tens of thousands of Congolese

  Lubumbashi, DR Congo / AFP When 2016 rang in, Divin Lwamba, a street vendor with nine mouths to feed, says he was making up to $300 a day selling samosas in Lubumbashi’s main market. With meat and vegetable samosas flying off his cart almost faster than they were made, Lwamba says he could make enough cash in a single ...

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Safe-haven flows may benefit US as Brexit roils global mkts

  Bloomberg As markets reel from the U.K.’s surprise decision to leave the European Union, the U.S. may be one of the relatively safer ports in the global storm. The world’s biggest economy may be poised to attract a bit of the growth that would have otherwise taken place in the U.K., according to some economists. Companies looking for havens ...

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Stocks rise with US futures as pound gains while UK votes

  BLOOMBERG Stocks gained with U.S. equity-index futures and the pound strengthened to its highest level this year as the U.K.’s referendum on membership of the European Union got under way. European shares rose to a three-week high in above-average trading amid a vote that past opinion polls indicated was too close to call. A gauge of sterling advanced for ...

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Copper a bystander in commodities’ best start since 2008

  Bloomberg The best start to a year for commodities since 2008 is leaving copper in the dust. The metal is one of the weakest of the 22 raw materials in the Bloomberg Commodity Index of returns this year and the worst of the major metals. “If you look at where iron ore, coking coal or oil have gone this ...

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