Thursday , 21 May 2026

Recent Posts

US futures, European stocks rise as banks rally; Treasuries drop

BLOOMBERG US futures rose with European stocks as the prospect of further support from US authorities eased some concerns over the troubled regional banking sector. Contracts on the S&P 500 rose about 0.3%. First Republic Bank shares jumped 34%, leading regional peers higher, after Bloomberg reported that US authorities are considering expanding an emergency lending facility that would give the …

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Earnings next risk to equities, says Morgan Stanley strategist

BLOOMBERG Morgan Stanley’s Michael Wilson — among the most prominent bearish voices on US stocks — says turmoil in the banking sector has left earnings guidance looking too high, putting sanguine stock markets at risk of sharp declines. “Given the events of the past few weeks, we think guidance is looking more and more unrealistic, and equity markets are at …

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Mining tycoon in India fights to clear Vedanta’s debt

BLOOMBERG For decades, Anil Agarwal cultivated a reputation as one of India’s great survivors. Starting as a scrap metal dealer, the billionaire magnate built a mining conglomerate to rival any other, weathering cash crunches, government friction and disputes with Indigenous people over expansion plans. But in recent months, Agarwal has faced one of his toughest acts yet. The tycoon’s Vedanta …

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