Stocks

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 ...

BLOOMBERG Stocks posted small moves in cautious trading as investors looked ahead to the Federal Reserve’s interest-rate decision, bracing for any warnings from Chair Jerome Powell that market expectations of policy easing are overdone. Europe’s Stoxx 600 index edged higher, with Inditex SA climbing after the Zara owner forecast a stronger gross margin. Entain Plc rallied 7.5% following news that ...

BLOOMBERG Bitcoin traded near $42,000 after a turbulent stretch that lopped almost 8% from the largest digital asset and stirred predictions of more volatility heading into year-end. The token posted the drop from Saturday through Monday, the worst three-day performance since mid-August, according to data compiled by Bloomberg. The retreat from almost $45,000 dragged down wider crypto markets too. Some ...

BLOOMBERG Treasury yields and the dollar fell before crucial US inflation data that investors will scrutinise for clues on the Federal Reserve’s next move on interest rates. Stocks posted moderate moves, with Europe’s Stoxx 600 Index and US equity futures little changed. France’s blue-chip CAC 40 index was set to close at a record high. Among individual stocks, Nokia Oyj ...

BLOOMBERG Global equities posted modest moves at the start of a busy week of economic data and central bank meetings that will test optimism among investors that interest rates will soon head lower. The yen extended its losses to 1% after Bloomberg News reported that Bank of Japan officials see little need to rush into scrapping the world’s last negative ...

BLOOMBERG India’s stock market value reached more than $4 trillion for the first time, marking a key milestone for the world’s fifth-biggest equity market as it rapidly narrows the gap with slumping Hong Kong. The market capitalisation of companies listed on India’s exchanges has risen by $1 trillion in less than three years, as the South Asian market emerges as ...

BLOOMBERG European stocks rose, following Asia higher, after the latest US data reinforced optimism in a global pivot towards central-bank easing next year as inflation fears evaporate. The Stoxx 600 index added 0.2%, climbing for a second day as US equity futures advanced. MSCI’s Asia Pacific Index gained the most in three weeks. US 10-year Treasuries were steady after a ...