Stocks

BLOOMBERG London initial public offerings (IPOs) have slumped to a 14-year low, far outpacing declines seen in New York and in Europe, as the UK capital struggles to attract new listings and its shares trade at a steep discount to international peers. Just three tiny firms have listed in London this year, raising only about $14 million combined, the lowest ...

BLOOMBERG US index futures and global stocks rose amid signs inflation expectations are receding and central banks are no longer in a rush to accelerate monetary tightening. Contracts on the S&P 500 and Nasdaq 100 indexes added at least 0.3% each. MSCI Inc’s benchmark for world equities climbed for a seventh day. Crude oil extended gains as an Opec+ plan ...

BLOOMBERG A risk-on mood fuelling this year’s equities rally is likely to falter, with headwinds from bank turbulence, an oil shock and slowing growth poised to send stocks back towards their 2022 lows, according to JPMorgan strategist Marko Kolanovic. “The Fed indicated no intention to cut interest rates this year, yet risk assets are exhibiting an unprecedented rally, with European ...

BLOOMBERG Morgan Stanley’s Michael Wilson — among the most prominent bearish voices on US equities — warns the rally in tech stocks that’s exceeded 20% isn’t sustainable and that the sector will return to new lows. The Nasdaq 100 has soared into a bull market as investors fled economically sensitive sectors like banks following the collapse of several US lenders. ...

BLOOMBERG Treasury yields rose on concern a rally in oil prices will keep inflation elevated and put pressure on the Federal Reserve to go on raising interest rates. The two-year US yield rose as much as 11 basis points to 2.73% as crude prices jumped after Opec+ announced a surprise oil production cut. This reignited concern about inflation and led ...

BLOOMBERG With a key Indian stock benchmark about to notch its longest stretch of monthly losses in more than two decades, some analysts see the $3 trillion market positioning to bounce back. The NSE Nifty 50 Index is on track for its fourth-straight monthly decline, its worst losing streak since 2001. The gauge is down nearly 9% in that span ...

BLOOMBERG US equity futures edged higher after a key measure of US inflation stepped down in February by more than expected, and consumer spending stabilised, suggesting the Federal Reserve may be close to the end of its rate-hiking campaign. The dollar pared an advance. Excluding food and energy, the Fed’s preferred inflation gauge — the personal consumption expenditures price index ...

BLOOMBERG US equity futures climbed on investor bets that a peak in interest rates is near and bank turmoil will ease further. European stocks rose and the dollar declined in the risk-on mood. S&P 500 contracts and those on the tech-heavy Nasdaq 100 advanced at least 0.5% after an earlier rally that pushed the latter into a bull market. Retail ...

BLOOMBERG The Nasdaq 100 is heading for its second-best quarter in a decade  — and it has the Federal Reserve’s recent largess to thank for its gains. The tech gauge soared 17% in the first quarter, buoyed by the Fed’s loosening of its balance sheet after Silicon Valley Bank’s (SVB) collapse earlier this month led to worries about monetary conditions ...

BLOOMBERG Stocks rose with US index futures as a rally in Chinese tech shares boosted sentiment and concern about contagion from banking turmoil continued to wane. Contracts on the three main US gauges climbed, with the Nasdaq 100 poised to extend its best quarter since 2020. Alphabet Inc and Tesla rose in premarket trading, while tech shares were among the ...