Stocks

  Bloomberg European stocks better reflect the coming slide in earnings than pricey US peers, according Citigroup Inc. strategists. A team led by Robert Buckland raised European equities to overweight on Friday, saying valuations already discount a 15% drop in earnings. At the same time, they cut US shares to underweight on the grounds that earnings expectations are still too ...

Bloomberg The strong appetite for Southeast Asia stocks seen over the past year is starting to ebb as the reopening of China draws global funds to cheaper northern markets. An analysis of Asian mutual fund positions in November by HSBC Holdings Plc showed they cut exposure to the biggest overweight markets of Indonesia and Singapore, while increasing allocations to Taiwan ...

  Bloomberg US equity futures edged higher and European shares were steady as investors awaited data on the labor market after cautious commentary from the Federal Reserve’s last meeting. Oil snapped a two-day drop. Contracts on the S&P 500 rise 0.2% and those on the tech-heavy Nasdaq 100 were up 0.3%, as Amazon.com Inc rose in premarket trading after saying ...

  Bloomberg Chinese shares are off to a strong start in 2023, putting behind a dismal year as fears of isolationist policies give way to signs of an economic powerhouse turning friendlier to both the outside world and its own entrepreneurs. The MSCI China Index has risen 5.3% since trading resumed, marking the best start to any year since 2009, ...

  Bloomberg Stocks advanced with US futures as favourable news reports from China and data from Europe boosted risk appetite. The dollar falls and Treasuries rise. Contracts on all three major US gauges rise, while the Stoxx Europe 600 Index saw broad gains. Hong Kong shares rallied as China considered further support for property developers. Tesla Inc rises, poised for ...

  Bloomberg After the biggest loss for 60/40 portfolios since the global financial crisis, better days may lie ahead for the trillion-dollar complex of balanced investment strategies. Amid optimism that inflation has peaked, more than 60% of 610 respondents to the latest MLIV Pulse survey are betting stocks and bonds will move in opposite directions this year — re-establishing a ...

  Bloomberg US futures rise with stocks as signs of China’s recovery and resilience in Europe stoked optimism about the global economy. Treasuries and the dollar also gained. Contracts on all three major US gauges gained more than 1%, signalling a strong start to the first day of trading on Wall Street this year. Tesla Inc. dropped 4.1% in premarket ...

  Bloomberg While China stock bulls had another miserable year, their fortunes may finally improve in 2023 if the nation’s abrupt reopening from the Covid-19 restrictions eventually leads to a robust economic recovery. The Hang Seng China Enterprises Index, which tracks Chinese firms listed in Hong Kong, just suffered a third straight year of declines, a record losing streak since ...

  Bloomberg The worst year for equity bulls since 2008 will also be remembered as one when the predominant investment strategies veered from one another by the most in two decades. Divergent fortunes befell the most famous US stock benchmarks, with the S&P 500’s annual loss of almost 20% more than twice that of the Dow Jones Industrial Average. A ...

Bloomberg More tech tantrums. China’s Covid surge. And above all, no central banks riding to the rescue if things go wrong. Reeling from a record $18 trillion wipeout, global stocks must surmount all these hurdles and more if they are to escape a second straight year in the red. With a drop of more than 20% in 2022, the MSCI ...