US stock-index futures rise, while Treasuries slipped, as investors remained on the edge before a report projected to show inflation in the world’s largest economy moderated for a fourth successive month. December contracts on the S&P 500 and Nasdaq 100 added at least 0.3% each, a day after the underlying indexes tumbled to one-week lows amid a blurry midterms verdict ...
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Sebi panel tells Indian exchanges to bolster oversight, compliance
A panel set up by India’s capital market regulator wants exchanges, clearing houses and depositories to revamp their compliance and risk management structures to minimise governance lapses. A committee headed by G. Mahalingam, a former central banker and a ex- whole time member at the Securities and Exchange Board of India (Sebi), recommended market infrastructure institutions (MII) should separate functions ...
Read More »US futures wobble as midterm elections return mixed verdict
US equity-index futures fluctuated between gains and losses as corporate performance showed signs of stress and midterm elections failed to yield a Republican sweep that investors had anticipated. December contracts on the Nasdaq 100 and S&P 500 indexes were little changed, a day after US stocks capped a three-day rally. News Corp. and Walt Disney Co. tumbled at least 8% ...
Read More »China investors snapped up $15bn of tech stocks in HK
Chinese investors have been scooping up Hong Kong tech stocks for weeks on end, lured by the market’s cheap valuation after shares saw some of the biggest plunges worldwide. Onshore investors have been net buyers of Hong-Kong listed stocks for 24 straight sessions through Nov. 8, adding HK$118 billion ($15 billion) in the longest run of gains since early 2021, ...
Read More »JPMorgan’s Kolanovic warns of hawkish policy’s risk to stocks
A potential near-term peak in bond yields should help US stocks in the short-run, but risks remain for investors as global central banks raise interest rates at the fastest pace in decades, according to JPMorgan Chase & Co.’s Marko Kolanovic. “(Federal Reserve) Chair Powell stated that rates are likely to move higher than previously indicated by the September dots (4.75%) ...
Read More »China stock rally pauses as Covid cases increase most since April
Chinese stocks halted a recent rally as a jump in Covid-19 infections and official comments defending Covid Zero dented optimism for a potential reopening. The Hang Seng China Enterprises Index slipped 0.6% on Tuesday, following gains of about 14% over the past five days. A separate gauge on Chinese tech shares trading in Hong Kong falls 1.6%. China’s potential exit ...
Read More »China traders look beyond Covid-Zero policy to snap up stocks
Traders took China’s reiteration of the Covid Zero strategy in their stride, focusing instead on an eventual reopening and continuing to scoop up the nation’s battered shares. That meant another day of gains for equity indexes in Hong Kong and China as they try to stage a sustainable rebound after months of heavy losses. Tech and property shares — ones ...
Read More »Equities lead risk-on shift as midterm week begins
US equity-index futures rose and a bond selloff stalled as some investors bet a period of disinflation has already begun and the midterm election results will be favourable to markets. Contracts on the S&P 500 and Nasdaq 100 indexes added at least 0.4% each after dropping earlier. Most Treasuries erased losses, leaving only the two-year yield higher on the day. ...
Read More »Japan’s trading houses reaping bumper profits from commodities
Some of Japan’s biggest trading houses reported bumper profits and flagged more to come as they benefited from higher energy and commodities prices. Sumitomo Corp. raised its full-year net income forecast by almost half to a record of 550 billion yen ($3.7 billion). Marubeni Corp. upgraded its profit guidance to an all-time high, while Itochu Corp.’s second-quarter profit beat analyst ...
Read More »Global equities pare weekly loss on China reopening rally
Global equities trimmed a weekly loss as Chinese shares surged amid signs that authorities are trying harder to ease the impact of its Covid-Zero policy. Treasuries were little changed before US payrolls data. US futures advanced, with the Nasdaq 100 poised to trim its biggest weekly drop since the start of the year, and US-listed Chinese stocks surging in premarket ...
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