Stocks

  Bloomberg While investors are impatient for the Federal Reserve to deliver its last rate hike to pile back into equities, history shows they should be wary of doing so while inflation remains persistently high, according to Bank of America Corp. (BofA) strategists. An analysis by Michael Hartnett and his team showed that stocks outperformed after the Fed stopped increasing ...

  Bloomberg European equities extended a four-day slide as optimism over a potential downshift in the Federal Reserve rates hikes deflates in the face of economic headwinds. The Stoxx Europe 600 slipped 0.2%, with property firms and banks pacing declines. Contracts on the S&P 500 steadied to trade little changed after the underlying benchmark posted the longest stretch of down ...

Bloomberg Shares of a small Japanese green-technology firm have more than tripled in less than half a year on investor bets that microwaves will play a major role helping manufacturers reduce carbon emissions. Microwave Chemical Co. has jumped 268% since it listed in June, with its market value touching a high of about $300 million. Most of the gains have ...

  Bloomberg In the Federal Reserve’s quiet period before its officials meet to decide their final actions this year, Wall Street watchers are filling the void, loudly warning that next year’s outlook for the US economy and stocks is grim. From Goldman Sachs group’s David Solomon caution that the economy faces “bumpy times ahead,” to JPMorgan Chase & Co.’s Jamie ...

  Bloomberg Order has been restored to the world for bearish traders, with their favorite targets under pressure again after surging during the recent equity rally. Stocks with the heaviest short interest dropped 3.5%, more than double the losses in the S&P 500, going by thematic baskets compiled by Goldman Sachs In what may be a sign bears are reloading, ...

Bloomberg The mood for risk is seeping into every corner of Chinese markets, with policy moves to ease Covid-19 curbs and revitalise the economy fuelling the biggest selloff in years in high-grade local corporate debt. Yields on most AAA rated domestic corporate bonds jumped at least 10 basis points on Tuesday, according to traders. They hit a 13-month high of ...

  Bloomberg Gold falls the most since October as Treasury yields and the dollar rise, with traders assessing fresh US economic data for cues on the Federal Reserve’s rate policy along with China’s relaxation of its Covid-Zero policies. Stronger-than-expected US services data from November boosted chances that the Fed will keep interest rates higher for longer, which hurts bullion since ...

  Bloomberg The world’s worst-performing major currency looks poised for an impressive turnaround in 2023 as its two key drivers — a hawkish Federal Reserve and a dovish Bank of Japan — swap places in the eyes of some investors. The yen — a favoured short against the dollar for a majority of this year — could rally more than ...

  Bloomberg Chinese equities rallied and the yuan strengthened past a key level, as the authorities accelerated a shift towards reopening the economy and more investors turned bullish. The yuan breached the 7-per-dollar level, while a gauge of Chinese tech stocks in Hong Kong surged 9.3% in a fifth day of gains. The dollar bonds of developers also rise as ...

  Bloomberg Stock-market investors are hoping for a strong finish to a chaotic year. A less hawkish Federal Reserve and encouraging inflation data could unleash a mega-rally in December, which has proved to be a strong month for the stock market over the past 70 years. This year, though, it may get off to a late start: With all the ...