Stocks

BLOOMBERG US equity futures edged higher while the dollar extended losses as trading resumed after the Christmas holiday amid investor expectations for earlier and deep interest rate cuts next year. Stocks in Asia were mixed in a thin trading session with markets including Hong Kong, New Zealand and Australia shut. Emerging Asian currencies rose, with South Korea’s won and Taiwan ...

BLOOMBERG The sense of doom that gripped crypto markets at the end of 2022 following a $1.5 trillion wipeout has 12 months later given way to a very different sentiment: avarice. Bitcoin stormed back with a more than 160% advance this year that added some $530 billion to its market capitalisation. In its wake, myriad smaller tokens ranging from Sam ...

BLOOMBERG Handpicking sectors, sheltering in trendy options strategies, going all-in on dividends — none of it has worked as well this year as simply owning the S&P 500. As 2023 winds down, investors are taking the year’s keep-it-simple lesson to heart. Amid a 4% rally this month that’s propelled the index’s 2023 advance to 24%, they’ve been pouring money into ...

BLOOMBERG British stocks rallied after data showed inflation in the UK slowed far more than expected, bolstering rate-cut bets. Argenx SE plunged after negative news on its skin disease drug trial, holding Europe back as the benchmark stalled near a January 2022 high. The pan-European Stoxx 600 Index ended the session with a 0.2%% gain. UK real estate stocks and ...

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 ...