Stocks

BLOOMBERG US equity futures struggled for direction as investors braced for inflation data and corporate results that could confirm fears about the health of the financial system. Contracts on the tech-heavy Nasdaq 100 flipped to a loss while those on the S&P 500 gave up early gains to trade flat. The yield on policy-sensitive two-year Treasuries slipped below 4%, backtracking ...

BLOOMBERG Warren Buffett is turning his focus back to Japan, with the billionaire investor telling Nikkei that he’s mulling a boost to his stock investments in the country shortly after Berkshire Hathaway Inc kicked off a yen bond sale. Shares of Japan’s major trading houses jumped after Buffett said he has raised his holdings in them to 7.4% from about ...

BLOOMBERG US equity futures were little changed while Asian stocks rose in holiday-thinned trading as investors assessed the Federal Reserve’s policy path following US jobs data. S&P 500 contracts rose less than 0.1% and MSCI Inc’s Asia-Pacific equity index added 0.2%. Trading volumes were light with markets across Europe, Hong Kong and Australia closed for Easter holidays. In the US ...

BLOOMBERG This year’s 20% rally in US technology stocks is decoupling from reality ahead of what’s predicted to be a gloomy reporting season, the latest MLIV Pulse survey shows. While investors have flocked to tech in the market shakeup amid recent banking turmoil, the rotation is at odds with analyst calls for the steepest drop in quarterly profits for the ...

BLOOMBERG Policy-sensitive Treasury notes fell and US stock futures advanced after a solid March jobs report did little to alter views on the Federal Reserve’s next policy move. Futures on the S&P 500 erased losses to trade higher, while the two-year Treasury yield jumped 11 basis points to 3.94% after the March jobs report showed payroll growth moderated, while wages ...

BLOOMBERG India announced steps to deepen its foreign exchange market by allowing local residents trade currency derivatives contracts popular in the offshore market, according to the central bank. Local lenders with a so-called IFSC Banking Unit — basically having a unit in the International Financial Services Centre currently in Gift City in Gujarat — will be permitted to offer non-deliverable ...

BLOOMBERG Shares of China’s state-owned enterprises (SOEs) have been a hot trade in a mostly lackluster equities market this year, but disappointing earnings are causing investors to reassess their bullish bets. About three-fifths of the largest constituents in a Hang Seng gauge of state-owned enterprises missed earnings-per-share estimates in the latest results season, according to data compiled by Bloomberg Intelligence. ...

BLOOMBERG Treasury yields extended a slump and US equity-index futures fluctuated as bets the world economy is set for a sharper slowdown outweighed concerns over elevated inflation and monetary tightening. The two-year US rate, which is the most sensitive to monetary policy, slid for a fifth day, its longest streak since July 2022. Contracts on the Nasdaq 100 index fell ...

BLOOMBERG Stocks and US index futures dropped as hawkish messages from the New Zealand and Australian central banks signalled a prolonged fight against inflation and revived concerns about an economic slowdown. Contracts on the S&P 500 Index slipped 0.2% and Europe’s Stoxx 600 declined for a third day. Gold traded near a 13-month high, while Treasury yields rose. Nvidia Corp ...

BLOOMBERG Jarred by daily double-digit moves in Treasury yields, bond investors are bracing for at least another year of rocky trading, abandoning hopes that in 2023 the market would return to normality. That’s forcing them to ditch their old playbooks designed during calmer and more predictable times and look for flexible and nimble investments to ride the most-turbulent market since ...