Stocks

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 ...

BLOOMBERG Japanese stocks fell after the Nikkei 225 Stock Average’s short-lived pop to a fresh 33-year high. Automakers including Mazda Motor Corp led the decline on the stronger yen. The Nikkei rose as much as 0.8% on Monday to the highest since March 1990, before reversing course and declining 0.6% to 33,388.03 at the market close in Tokyo. Exporters led ...

BLOOMBERG The dollar extended a decline, with a gauge of greenback strength hitting its lowest level since August, amid speculation the Federal Reserve is nearing the end of its rate-hike cycle. Traders are currently pricing in about a 30% chance of a first Fed rate cut in March following cool inflation data last week. Investors are awaiting publication on Tuesday ...

BLOOMBERG Chinese stocks slid following a much-anticipated meeting between Presidents Joe Biden and Xi Jinping, as traders saw only modest progress in the strained ties and as fresh data renewed concern over the world’s second-largest economy. The Hang Seng China Enterprises Index closed down 1.4% to lead losses among major Asia equity gauges. It jumped 4% in the previous session ...

BLOOMBERG Stocks paused their rally as the euphoria over a potential dovish pivot by central banks faded and investor attention turned to the latest corporate earnings and deals news. Europe’s Stoxx 600 Index steadied after three days of gains. Burberry Group Plc dropped 6.7% as it warned that this year’s revenue target may be out of reach. HelloFresh SE sank ...

BLOOMBERG Indian equities will likely receive a net inflow of $1.5 billion after changes by MSCI Inc is set to boost the nation’s representation in its developing markets gauge to a record, according to Nuvama Wealth Management Ltd. Nine stocks, including IndusInd Bank Ltd and wind-turbine maker Suzlon Energy Ltd, will be added to MSCI’s global standard gauge on November ...

BLOOMBERG Stocks extended gains as investors welcomed cooler-than-expected inflation readings in the US and the UK as evidence central banks may be done with their aggressive interest-rate increases.  Europe’s Stoxx 600 Index rose 0.6%. Alstom SA slumped 17% after the train maker said it’s cutting jobs and selling assets to shore up its balance sheet. US equity futures rose more ...