Stocks

BLOOMBERG Stocks and bonds steadied after a bruising two-day selloff to start 2024. Oil advanced as conflict in the Middle East added to supply concerns. Europe’s Stoxx 600 added 0.4% as Shell Plc and BP Plc gained after crude jumped more than 4% in two sessions. Next Plc rallied after the British home and clothing retailer raised its profit forecast. ...

BLOOMBERG Bitcoin has sprinted to a more than 6% gain over the first three days of January, bucking a dour start to the year in global markets. The largest digital asset traded above $45,300 on Wednesday in London, buoyed by expectations that the US will soon allow the country’s first spot Bitcoin exchange-traded funds. General crypto optimism also encouraged advances ...

BLOOMBERG Bonds extended their drop as traders braced for a swathe of US data that could show whether bets on interest-rate cuts this year are justified. Government debt fell across Europe and US Treasury yields rose, leaving the rate on the 10-year bond up five basis points at 3.98%. The Stoxx 600 benchmark and futures contracts on US shares edged ...

BLOOMBERG Indonesia’s equity benchmark closed at a record high on Tuesday on optimism that the nation’s central bank is done with rate hikes and incumbent President Joko Widodo’s policies would be preserved by his successor in an upcoming election. The Jakarta Composite Index advanced 0.7% to surpass its previous all-time high of 7,318.016 hit in September 2022. Top gainers included ...

BLOOMBERG Chinese shares dragged down Asian equities on the first trading day of the year following weaker-than-expected factory data and a speech from President Xi Jinping that flagged the headwinds facing the economy. Crude oil rose. Hong Kong’s benchmark share gauge slid as much as 1.7%, while its peers in the mainland and Taiwan also dropped. The losses drove a ...

BLOOMBERG Chinese stocks rallied heading into the year-end, boosted by a rotation into some of 2023’s worst-performing sectors and a supportive global backdrop. The CSI 300 Index gained 2.3% to cap its best day in five months, as overseas investors bought onshore equities worth 13.6 billion yuan ($1.9 billion) on a net basis in Thursday’s session. A subgauge of industrial ...

BLOOMBERG European stocks extended the rally seen across Asian markets and Wall Street, as investors position themselves for Federal Reserve interest-rate cuts next year. Gold traded near a record high struck earlier this month. The Stoxx Europe 600 index climbed 0.3% after a gauge of Asian equities rallied for the fourth straight session. The European benchmark is at the highest ...

SINGAPORE / WAM Gold prices settled on Wednesday, amid low trading volume and expectations of the Federal Reserve System of the US reducing interest rates in the first quarter of 2024 and the general weakness of the dollar. The price of gold stabilised in spot transactions at $2066.86 per ounce. US gold futures rose 0.4% to $2078.20 per ounce. Gold ...

BLOOMBERG Shares in Europe rose after a holiday break, tracking gains in Asia and on Wall Street as investors bet that the Federal Reserve will cut interest rates as early as March. The Stoxx Europe 600 climbed 0.3% in early trading. Technology stocks were among the biggest gainers as Prosus NV rebounded from a slump triggered by a selloff in ...

BLOOMBERG One of the world’s biggest share market rallies this year in Japan may be extended if foreign investors become even more bullish in 2024. The Topix index and the Nikkei 225 Stock Average both touched 33-year highs and rose more than 20% so far for 2023, beating most equity benchmarks in the rest of Asia. Gauges that track Japanese ...