Bloomberg Adani group stocks fell, ending a two-day rally, after MSCI Inc. said it was reviewing the amount of shares linked to the group that were freely tradable in public markets. Any decision by MSCI to cut its assessment of the number of Adani shares considered freely tradable or remove the stocks from its indexes will likely trigger more selling. ...
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Stocks advance with US futures as earnings in focus
Bloomberg Stocks advanced with US futures as investors digested a slew of earnings reports and awaited data on US jobless claims. Contracts on US gauges signalled a rebound from Wednesday’s equity losses. Walt Disney Co. surged in premarket trading following better-than-expected results and a restructuring plan that includes job cuts and cost savings. Robinhood Markets Inc. rose on an ...
Read More »US futures retreat, stocks advance; oil extends gain
Bloomberg US futures retreat amid mixed earnings reports, while stocks caught up with late advances on Wall Street spurred by a sanguine rates outlook. Oil extended an advance. Contracts on the three major US gauges fell, following Tuesday’s rally after Federal Reserve Chair Jerome Powell refrained from pushing back against investor optimism. Chipotle Mexican Grill Inc. dropped in premarket ...
Read More »Masayoshi Son now owes SoftBank group’s $5.1 billion on side deals
Bloomberg Masayoshi Son is now personally on the hook for about $5.1 billion on side deals he set up at SoftBank Group Corp. to boost his compensation, as losses mounted at its core Vision Fund venture capital arm. Son, whose stake in SoftBank grew in recent months, also owns portions of the company’s key investment vehicles. While these holdings have ...
Read More »Adani stocks rise after 8-day rout wiped out $118 billion
Bloomberg Adani Enterprises Ltd. surged, leading gains in the group’s stocks after the conglomerate’s founders pre-paid some debt and traders covered short positions. The flagship’s stock rallied as much as 25%, while three of its peers jumped by their 5% limit in early trading. That helped trim the slump in the group’s market capitalisation to $112 billion since US-based Hindenburg ...
Read More »Stocks advance, US futures edge higher
Bloomberg Stocks advanced and US equity futures inched higher ahead of commentary due later from Federal Reserve Chair Jerome Powell that may shape views on the central bank’s rate path. Energy shares led gains in Europe after oil major BP Plc boosted shareholder returns and reported record profit. Futures on the S&P 500 and Nasdaq 100 contracts were modestly ...
Read More »Stocks, futures decline on Fed outlook; dollar rises
Bloomberg European stocks and US equity futures slumped as an unexpectedly strong US jobs report raised the prospect of more rate hikes from the Federal Reserve. Concern over US-China geopolitical tensions also weighed on sentiment. The Stoxx Europe 600 index dropped more than 1% after closing on February 3 in a bull market, with the technology and real estate ...
Read More »Adani rout drags India’s weighting in EM Index
Bloomberg India’s weighting in MSCI’s emerging-market benchmark dropped after the brutal selloff in Adani group’s stocks, giving away its second spot to Taiwan after a rally in the latter’s market. As of the end of January, Taiwan’s weighting in the MSCI Emerging Markets Index rose to 14.2%, behind leader China’s 31.2%, while India’s fell to the third spot with ...
Read More »Chinese stock rally falters as investors seek fresh impetus
Bloomberg Chinese stocks saw their worst week in more than a month as investors looked for further catalysts to sustain a world-beating rally since the nation’s reopening. The CSI 300 Index, a benchmark of mainland shares, fell 1% on Friday and also for the week, ending this year’s run of weekly gains. The Hang Seng China Enterprises Index, which tracks ...
Read More »US futures decline as tech earnings curb enthusiasm
Bloomberg US equity futures dropped after disappointing earnings from Apple Inc., Amazon.com Inc. and Alphabet Inc. poured cold water on the rally fuelled by investor optimism that rates are getting close to peaking. Positive sentiment from this week’s surge in the Nasdaq 100 and S&P 500 evaporated as investors parsed late results from the tech trio that showed an economic ...
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