Bloomberg A growing number of UK companies is ditching a home listing to go abroad, after a series of high-profile flops cast doubt on London’s campaign to attract startups and initial public offerings (IPOs). The UK is heading for its worst first quarter for IPOs since 2009, according to data compiled by Bloomberg. The war in Ukraine and soaring ...
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Stocks, futures rise as oil’s rally pauses
Bloomberg Stocks climbed with US equity futures as a selloff in bonds deepened on Tuesday on Federal Reserve Chair Jerome Powell’s signals the central bank will take more aggressive measures to clamp down on inflation. The Stoxx Europe 600 Index marched higher, led by banks and cyclical stocks like automakers. Futures on the S&P 500 and Nasdaq 100 flipped ...
Read More »China stocks slip as absence of policy measures adds to worries
Bloomberg Chinese equities fall on Monday as traders remained concerned about whether there would be adequate policy support to spur growth after lenders left the borrowing costs unchanged. The CSI 300 Index closed down 0.2% after falling as much as 1%. Rate-sensitive financial firms and property developers weighed on the market. The Hang Seng China Enterprises Index, which tracks ...
Read More »Blackstone plans fund for people with millions not billions
Bloomberg Dentists, surgeons and other suburban millionaires don’t loom large on the client rosters of buyout funds run by the most elite investment companies. But inside Blackstone Inc, plans are afoot to develop its first private equity fund targeting such individuals as part of a project codenamed “BXPE.†The goal: build new war chests that would eventually gather tens ...
Read More »US futures decline, stocks steady as crude advances
Bloomberg US equity futures slipped on Friday and Asian stocks were steady as traders weighed mixed signals from the peace talks between Russia and Ukraine that are pushing oil further above $100 a barrel. European contracts wavered and those for the S&P 500 and Nasdaq 100 dipped following the best three-day rally in US shares since 2020. An Asian ...
Read More »First SPAC listed by Hong Kong has slow start in trading debut
Bloomberg Aquila Acquisition Corp, the first special purpose acquisition company to list in Hong Kong, had a slow debut on Friday as few investors are qualified to trade the shares. The SPAC closed 3.2% lower at HK$9.68 after a session marked by only a few trades. The firm backed by CMB International Asset Management and AAC Mgmt Holding raised about ...
Read More »Stocks jump on China shares; bonds flash post-Fed concern
Bloomberg Stocks jumped on Thursday on a surge in Chinese technology shares and as traders digested the Federal Reserve’s view that a robust US economy can weather the campaign against high inflation now underway. An Asia-Pacific equity index rises about 3%, boosted by China’s effort to stabilize its markets, which was unveiled a day ago. US and European futures climbed ...
Read More »Bitcoin mirrors stock rebound on Powell’s upbeat economic tone
Bloomberg Bitcoin edged higher for a third day following reassurance from Federal Reserve Chairman Jerome Powell that the US economy was strong enough to weather tightening monetary policy. The largest cryptocurrency continued to mirror the US stock market, which swung between gains and losses in the wake of the Fed’s first interest rate increase since 2018. Investors have expressed concern ...
Read More »Chinese stocks in the US surge after promise of state support
Bloomberg Chinese stocks listed on US exchanges soared, rebounding from a steep selloff, after China vowed to keep its stock market stable and support overseas share listings. Alibaba Group Holding Ltd. and Baidu Inc. both soared at least 20% in US premarket trading, while Didi Global Inc. jumped more than 40%. The American depository receipts (ADRs) are tracking a rally ...
Read More »Goldman to JPMorgan slash European stock targets as risks mount
Bloomberg Strategists are cutting their targets for European equity markets this year, with the region’s benchmark now seen ending 2022 flat as risks from the war in Ukraine, soaring commodity prices and central bank tightening pile up. The Stoxx Europe 600 Index will be little changed for the year by the end of December, at 488 index points, according ...
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