Bloomberg Euphoria surrounding Alibaba Group Holding Ltd.’s primary listing plan has evaporated in just two sessions, as focus shifts to the firm’s earnings announcement due next week. Shares of the e-commerce giant slid 1.8% on Thursday, putting it back at levels seen before announcing it would seek the listing status. Goldman Sachs Group Inc. said the move may draw …
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Bloomberg Alibaba Group Holding Ltd may attract at least $16 billion of Chinese money by shifting to a primary listing in Hong Kong, strategists say, getting a much-needed boost as its stock struggles to bottom out. The move paves the way for the e-commerce giant to be included in the city’s trading links with mainland bourses, allowing an influx of …
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Bloomberg Stocks and US equity futures rallied on Wednesday as a batch of resilient company earnings helped alleviate some of the wider caution in markets ahead of a pivotal Federal Reserve monetary-policy meeting. Contracts on the tech-heavy Nasdaq 100 were up about 1.7%, while major technology and internet stocks advanced in premarket trading after reassuring reports from Alphabet Inc, …
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Bloomberg Stocks and US futures were mixed on Tuesday amid caution in global markets ahead of the Federal Reserve interest-rate hike. European energy and mining stocks rallied with oil and metals, while retailers and banks fell after disappointing reports from Walmart Inc and UBS Group AG. The Stoxx 600 fluctuated as S&P 500 and Nasdaq 100 futures slipped. Stocks …
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Bloomberg Bitcoin sank to a one-week low, buffeted by investor skittishness ahead of a looming Federal Reserve interest-rate hike and amid harsher regulatory scrutiny of the cryptocurrency sector. The largest token dropped as much as 5.9% on Tuesday and was trading at around $21,100 in London. The MVIS CryptoCompare Digital Assets 100 gauge shed more than 4%. Equity markets …
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Bloomberg Stocks and US equity futures reversed earlier declines on Monday as earnings expectations outweighed concerns about a possible recession. S&P 500 and Nasdaq 100 futures rose, while European stocks extended gains after their best week since May. China’s property shares pushed higher amid a report that officials plan a fund to support struggling developers. Treasury yields advanced and …
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Bloomberg Chinese property stocks and dollar bonds rallied on Monday, as a reported move by Beijing to establish a fund to support developers fuelled optimism about a turnaround for the struggling sector. A Bloomberg Intelligence index of the country’s real estate firms jumped 1.7%, the most in a week. China’s high-yield dollar notes, predominately issued by developers, rose at …
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Bloomberg US social-media giants were poised to see more than $76 billion wiped off their stock-market values on Friday after disappointing revenue from Snap Inc raised concerns about the outlook for online advertising. The Snapchat parent plummeted as much as 30% in premarket trading. Meanwhile, Facebook parent Meta Platforms Inc falls 4.8%, Google owner Alphabet Inc declined 2.8%, Twitter Inc …
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Bloomberg US equity futures slipped in choppy trading as investors await the next batch of second-quarter earnings for clues on how well companies are coping with surging prices. Bonds extended an advance. Nasdaq 100 contracts fall 0.4%, while those on the S&P 500 ticked lower. The Stoxx 600 Index added 0.5%, poised for a weekly advance as investors shrugged …
Read More »Bloomberg Gold rises, erasing its previous decline to the lowest level in 15 months, after the European Central Bank (ECB) raised rates by a larger-than-expected 50 basis points. European stocks and bonds slumped and the euro rose after the ECB joined global central banks in driving outsized rate increases to quell inflation. Bullion climbed back above $1,700 an ounce. The …
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