Stocks

BLOOMBERG European stocks slipped, following losses in the US and Asia as traders dial back optimism over possible Federal Reserve interest-rate cuts and trim positions before the long Christmas weekend. The autos and real estate sectors led declines as Europe’s Stoxx 600 index retreated 0.3%. The S&P 500 and Nasdaq 100 both dropped 1.5% Wednesday, although futures contracts pointed to ...

BLOOMBERG Japan’s benchmark government bond yield fell to the lowest since late July and the Nikkei 225 stock gauge rose to within a whisker of a 33-year high as traders trimmed bets for an interest rate hike in the next few months. The rally in sovereign debt sent the 10-year yield tumbling as much as 8.5 basis points to 0.55%, ...

BLOOMBERG Bond yields across the euro region fell on Wednesday as worsening economic data and slowing inflation underscored expectations for interest-rate cuts next year. Germany’s 10-year yield dropped below 2% for the first time in nine months after a report showed producer prices fell more than expected in November. The Stoxx Europe 600 index reversed an early gain to trade ...

BLOOMBERG Blockbuster obesity drug maker Novo Nordisk A/S became more valuable than Denmark’s economy in 2023, but that wasn’t enough to prevent the domestic stock index from underperforming this year. The blue-chip OMX Copenhagen 25 gauge has limped to a gain of about 4%, despite the nearly 45% pop in the shares of Novo, its biggest-weighted stock. That’s far below ...

BLOOMBERG The yen slumped and global bond yields slid after the Bank of Japan (BOJ) signalled it’s in no hurry to remove negative interest rates. Japan’s currency fell as much as 1.3% to a one-week low against the dollar, while the Nikkei 225 equity index rallied to a two-week high, after the BOJ held rates at -0.10%. Treasury 10-year yields ...

BLOOMBERG European stocks slid, following a weak session in Asia after Federal Reserve officials pushed back against bets of aggressive interest rate cuts next year. The Stoxx Europe 600 index dropped 0.4%, while US stock futures edged higher. The MSCI Asia Pacific Index lost as much as 1.1%, the most since December 5. The dollar was broadly steady while yields ...

BLOOMBERG The rupiah looks poised to weaken heading into 2024, as uncertainty ahead of Indonesia’s national elections in February plays on investors’ minds. The currency may trade around 15,800 a dollar in the first quarter next year, according to BNY Mellon Corp, HSBC Holdings Plc and PT Bank Mandiri. It closed at 15,493 on December 15. Historically, the rupiah has ...

BLOOMBERG The eye-popping gains in some Asian equity minnows this year may broaden out to include larger frontier peers, as improving macroeconomic conditions bode well for earnings. The equity benchmarks of Pakistan, Laos and Sri Lanka are the biggest gainers in the region in 2023. A loan deal with the International Monetary Fund has helped spark a rally of more ...

BLOOMBERG Stocks and bonds rallied after the Federal Reserve signaled interest-rate cuts next year, unleashing a bullish pulse across markets amid optimism that inflation pressures are easing. Europe’s Stoxx 600 index surged as much as 1.7%, with rates-sensitive real estate stocks and miners leading the gains. Nasdaq 100 futures climbed 0.5%, setting up the underlying tech-heavy index for an attempt ...

BLOOMBERG A top-performing Japanese fund is shifting its attention to railway operators from automakers on expectations companies that rely on domestic revenue will fare better should the yen rebound. Carmakers, which have been among the Topix’s best sectors this year, may start to face headwinds if a stronger currency reduces the value of their overseas revenue, according to the Eurizon ...