Stocks

  Bloomberg A rally in Bitcoin took the token to the cusp of scaling $25,000 for the first time since August amid broad gains in crypto markets as investors shook off concerns about a US regulatory clampdown. The largest digital asset rises as much as 3% on Thursday and was trading at $24,620 as of 8:15 am in London. Smaller ...

  Bloomberg Individual stock investors in India are keeping faith in the country’s $3.1 trillion equity market even after a punishing selloff in Adani group shares threatened to drag down one of the world’s best-performing indexes since the pandemic. Hanoz Mistri is among the small investors in India who believe the carnage that has wiped off about $131 billion from ...

Bloomberg A gauge of Chinese stocks in Hong Kong slid to the verge of a correction, as a selloff spurred by the geopolitical tensions and doubts over the nation’s economic recovery extended. The Hang Seng China Enterprises Index fell 1.3% on Wednesday, taking its losses from a January 27 peak to more than 9%. A sharp three-month surge in the ...

  Bloomberg European stocks advanced and Wall Street equity futures were little changed in the build up to key US inflation data, after a drop in wage-growth expectations eased some of the concern over rising prices. Gains in European telecommunications and travel and leisure shares helped push the Stoxx 600 index 0.4% higher. Vodafone Group Plc shares rose after Liberty ...

Bloomberg Hong Kong’s de facto central bank bought local dollars to defend its peg to the greenback for the first time since November, as a slump in bank borrowing costs made shorting the city’s currency a popular trade. The Hong Kong Monetary Authority (HKMA) purchased HK$4.2 billion ($538 million) worth of local dollars. The operation will reduce the city’s aggregate ...

  Bloomberg While equity markets are on a relentless march higher amid optimism around stronger economic growth and cooling inflation, most investors aren’t convinced the gains will last, according to Bank of America Corp’s (BofA) latest global fund manager survey. About 66% of participants in the bank’s February survey said stocks are seeing a bear market rally — signalling they ...

Bloomberg India has reclaimed fifth place among the world’s top equity markets by value after being briefly usurped by France during a selloff of Adani Group shares. India’s market capitalisation stood at $3.15 trillion on February 10, inching back above France with the UK retaining seventh place, according to data compiled by Bloomberg that shows the combined value of companies ...

  Bloomberg European stocks posted modest gains and Wall Street equity futures were little changed as investors positioned themselves for an action-packed week, including the release of US consumer price data that may confirm the inflation battle isn’t over, dashing hopes of a Federal Reserve rate pivot. Europe’s Stoxx 600 index edged higher, as travel and leisure and construction stocks ...

  Bloomberg Stocks fell with US futures and Treasuries extended a selloff as investors bet monetary policy will be more hawkish than previously expected. Oil rose after Russia said it will cut output. Tech and health-care sectors were among the worst performers in European equities, while the region’s bonds also fell. Adidas AG slumped as it warned of losses after ...

Bloomberg Adani group stocks were mostly lower on Friday after a review by MSCI Inc. spurred concern about passive outflows from shares already reeling from the rout triggered by US short seller Hindenburg Research’s scathing report. Seven of the conglomerate’s 10 stocks were lower in Mumbai after the global index provider cut the amount of shares it considers freely tradable ...