Stocks

BLOOMBERG Treasuries continued their November rally as expectations grew that the Federal Reserve is done with policy tightening and may start cutting interest rates next year. European equities and US futures edged higher, following a mixed session in Asia. German bonds headed for their longest streak of gains in more than four weeks as state data showed inflation continued to ...

BLOOMBERG European stocks fell for a second day and US futures pointed to a weaker open on Wall Street amid signs the November rally in equities is overstretched. The Stoxx 600 retreated 0.7%, while contracts on the S&P 500 dipped by 0.2%. Dutch biotech Argenx SE sank as much as 17% after preliminary results suggested its only medicine failed in ...

  BLOOMBERG Shares of Adani Group companies rallied, with the flagship Adani Enterprises Ltd surging 13%, after India’s Supreme Court concluded hearing the arguments in a case relating to an investigation into the plunge in the conglomerate’s stocks earlier this year. The jump added more than $15 billion to the ports-to-power conglomerate’s market value, the most since Hindenburg Research in ...

BLOOMBERG Stocks fell and gold climbed to a six-month high as data showed a sharp slowdown in China’s industrial profits, which reinforced investor concerns about its sluggish economy. The Stoxx 600 index fell 0.3% and Nasdaq futures retreated 0.2%. Treasury 10-year yields climbed as much as five basis points to 4.51%, the highest in more than a week. Gold climbed ...

BLOOMBERG A South Korean regulator is investigating whether financial institutions that sold derivatives products linked to Chinese stocks adequately explained the risk of losses to retail investors. The Financial Supervisory Service is probing sales of equity-linked securities tied to the Hang Seng China Enterprises Index, the regulator said in a text message. Some 8.41 trillion won ($6.5 billion) of such ...

BLOOMBERG Brazil raised its estimate for this year’s budget gap to account for rising government spending and declining revenue amid a weakening economy. The primary fiscal deficit, which doesn’t take into account interest payments, will reach 177.4 billion reais ($36.1 billion) this year, compared with a previous forecast of 141.4 billion reais, according to an official report. Public expenses were ...

BLOOMBERG Stocks in Europe struggled for traction on Thursday as activity surveys showed a recession in the euro area is looking increasingly likely. S&P Global’s purchasing managers’ index was in contraction again in November, hitting 47.1, data showed. While that’s a bigger uptick than anticipated by economists, it marks the sixth consecutive month below the 50 level that indicates expansion. ...

BLOOMBERG Stocks were mixed while the dollar rebounded from its weakest level in almost three months as traders awaited of a slew of US economic data before markets pause for holidays in America and Japan. Futures on the S&P 500 were flat and those on Nasdaq 100 slipped after a tepid reaction from investors to Nvidia Corp’s earnings. The Stoxx ...

BLOOMBERG US equity futures wavered on Tuesday as some investors questioned the sustainability of a powerful rally fueled by expectations of a Federal Reserve pivot to rate cuts. The S&P 500 had its strongest close since August and the Nasdaq 100 hit a 22-month high November 20. But Goldman Sachs Group Inc strategists said there is a risk of “disappointment ...

BLOOMBERG Taiwan’s benchmark stock gauge climbed to its highest closing level since April 2022 as the artificial intelligence theme regains momentum and foreign investors return. The TWSE Index, or Taiex, rose 1.2% on Tuesday, with chipmakers Taiwan Semiconductor Manufacturing Co and MediaTek Inc the biggest contributors. The measure has advanced 23% this year, compared with a 4.5% gain in the ...