Stocks

Bloomberg Investors in China’s tech shares just got another reminder that regulatory scrutiny into the sector is unlikely to go away anytime soon despite a concerted effort by authorities to shore up a flagging economy. On Friday, Alibaba Group Holding Ltd’s stock tumbled 6% on a report that company executives had been questioned in relation to the country’s largest known …

  Bloomberg US equity futures fall along with stocks in Europe and the dollar resumed its upward march on Thursday after high US inflation hardened expectations for more aggressive Federal Reserve monetary tightening that could trigger a recession. The Stoxx Europe 600 index declined more than 1%, dragged down by the telecom sector, where Ericsson AB plunged more than 10% …

Bloomberg Surprise policy tightening moves announced by central banks in Singapore and the Philippines signal Asia is now fully awake to the threat of accelerating inflation, and is playing catch up with its global peers. Analysts in the region recommend a number of strategies that investors can take in response to the increasingly hawkish environment, including favouring the Singapore dollar, …

Bloomberg A sprawling regulatory probe that’s ensnared the Indian partner of Schroders Plc is roiling one of the nation’s largest asset managers and is poised to shake up India’s $465 billion mutual fund industry. Axis Asset Management Co., which is India’s seventh largest mutual fund manager and partly owned by Schroders, in May sacked two employees, including its chief dealer, …

Bloomberg American equity futures edged higher on Wednesday while stocks in Europe dipped in cautious trading dominated by a dimming economic outlook and an anxious wait for data that may show US inflation at a fresh four-decade high. S&P 500 and Nasdaq 100 futures posted modest gains after yet another volatile day that ended with both gauges solidly in the …

  Bloomberg US equity futures fall on Tuesday as the dollar and sovereign bonds rose, a pattern highlighting pervasive unease about the economic outlook amid high inflation and China’s struggles with Covid-19. S&P 500, Nasdaq 100 shed over 0.5% after a Wall Street slide. The Stoxx Europe 600 gauge slipped for a second day, though it pared the decline with …

  Bloomberg China’s tech stocks unwound recent gains to enter a technical correction on Tuesday, with analysts questioning if fresh probes on internet giants would spark another downturn in the sector. The Hang Seng Tech Index falls 2.1% after tumbling 3.9%, taking declines from a June peak to 11%. Alibaba Group Holding Ltd was among the biggest drags as it …

  Bloomberg Gold steadied near the lowest in more than nine months in the run-up to US inflation data this week that’s set to shape the magnitude of the Federal Reserve’s next rate hike. Investors concerned about the prospect of a global economic downturn have turned in droves to the greenback, which is already up more than 2% this month. …

  Bloomberg US stock-index futures rise as softer oil prices and a weaker dollar signalled fears about inflation and the pace of monetary tightening are fading. Futures on the S&P 500 and Nasdaq 100 indexes advanced at least 0.2% each after the underlying gauges capped the first three-day rally since May. Asian semiconductor shares rallied after Samsung Electronics Co reported …

  Bloomberg The pound strengthened and UK stocks rise on reports that Prime Minister Boris Johnson is planning to resign. Investors said the news may spell some initial relief for UK assets, which have been battered by the country’s high inflation, weak economy and the political uncertainty. Sterling rises as much as 0.6% to $1.1994. The FTSE 250 Index, which …