Recent Posts

US tech stocks lead rebound as Boeing tumbles anew

Bloomberg The rally in US technology stocks continued, with Apple and Visa leading the pack as investors grew confident the Federal Reserve won’t rush to raise rates. Boeing and Brexit otherwise dominated headlines, as the planemaker’s woes deepened and the pound fell before a key vote. The Nasdaq 100 took its two-day advance towards 3 percent after wobbling earlier in ...

Read More »

Sensex rises again as elections indicate Modi regaining power

Bloomberg India’s benchmark equity index extended gains with the highest close in more than five months after two opinion polls showed Prime Minister Narendra Modi’s ruling coalition would be close to getting the seats needed to form a government, when election results are announced in May. The S&P BSE Sensex climbed 1.3 percent to 37,535.66 at the 3:30 p.m. close ...

Read More »

Fossil fuels hit as Norway set to cut oil stocks

Bloomberg The decision of the world’s largest sovereign wealth fund to reduce holdings in oil stocks wasn’t as far-reaching as the industry feared, but dealt a symbolic blow to fossil fuels that will reverberate for energy companies and their investors. While the divestment by Norway’s $1 trillion fund doesn’t include Big Oil, instead rooting out $7.5 billion of companies that ...

Read More »
Send this to a friend