Stocks

BLOOMBERG Adani Group shares rose on Wednesday after the conglomerate rebutted reports about its ability to repay debt. The group’s flagship Adani Enterprises Ltd rallied 8.7% while Adani Ports & Special Economic Zone Ltd added 7.3% as both firms posted their biggest rally since GQG Partners’ stake in the companies earlier this month. Other group companies also gained, paring earlier ...

BLOOMBERG Adani Group stocks slumped on Tuesday as local media reports sparked renewed concerns over the ports-to-power conglomerate’s ability to repay its debt. Adani Ports & Special Economic Zone Ltd fell 5.7% to close at 593.40 rupees — lower than the price GQG Partners paid to buy a stake earlier this month — after plummeting more than 9% earlier in ...

BLOOMBERG US futures and European stocks struggled for direction as investors awaited data for clues on monetary policy and assessed developments in the banking sector. Treasuries fell. Contracts on the S&P 500 were little changed, while those on the Nasdaq 100 dropped. European equities erased earlier gains as French lenders fell on news the country’s financial prosecutor is searching five ...

BLOOMBERG US futures rose with European stocks as the prospect of further support from US authorities eased some concerns over the troubled regional banking sector. Contracts on the S&P 500 rose about 0.3%. First Republic Bank shares jumped 34%, leading regional peers higher, after Bloomberg reported that US authorities are considering expanding an emergency lending facility that would give the ...

BLOOMBERG Morgan Stanley’s Michael Wilson — among the most prominent bearish voices on US stocks — says turmoil in the banking sector has left earnings guidance looking too high, putting sanguine stock markets at risk of sharp declines. “Given the events of the past few weeks, we think guidance is looking more and more unrealistic, and equity markets are at ...

BLOOMBERG A slump in the dollar after the Federal Reserve’s latest interest-rate hike will be a breath of fresh air for emerging-market policymakers as it puts a floor under their currencies and eases their efforts to control inflation. The greenback weakened across the board, resuming a downtrend that started in earnest six months ago, and allowing the South Korean won, ...

BLOOMBERG Contracts for European equities fell and Asian shares edged lower on Friday as the malaise hanging over the global banking sector damped risk taking in markets. The yen rallied. Euro Stoxx 50 futures declined around 0.7%, while a gauge of Asian shares slid after earlier swings between gains and losses. Financials were among the worst-performing sectors on MSCI Inc’s ...

BLOOMBERG European stocks fell as investors awaited key rates decisions in the region. US equity futures climbed, signalling a recovery following a tumultuous day of losses on Wall Street. The Stoxx Europe 600 Index slid 0.5% before a policy announcement from the Bank of England (BOE). The Swiss central bank raised its key rate by 50 basis points and signalled ...

BLOOMBERG The Federal Reserve’s decision to raise interest rates once again while keeping its year-end forecast unchanged is set to keep Asian stocks under pressure and help government bonds rally, according to regional-focussed investors and strategists. A weaker dollar will help bolster emerging-market currencies and may also provide some relief for Asian equity markets, which will otherwise mirror weaker risk ...

BLOOMBERG Additional Tier 1 (AT1) bonds issued by lenders from UBS Group AG to Kookmin Bank in South Korea are rising as regulators’ assurances helped boost confidence and Goldman Sachs Group Inc analysts highlighted opportunities in the notes. UBS’s $1.5 billion 4.375% perpetual notes were among the biggest gainers in Europe on Wednesday, having risen around 2 points to 66.31 in ...