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US equities gained at start of busy week; bonds dip

Bloomberg US equities gained at the start of a week filled with potentially significant catalysts from central bank meetings, geopolitical developments and economic data. Treasuries and the dollar drifted lower. The S&P 500 opened slightly higher, led by financials and energy shares, while chipmakers helped propel an advance in the Nasdaq 100. The Dow Jones Industrial Average fought to hold ...

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Foreigners splurge on Saudi shares as FTSE begins upgrade

Bloomberg Foreign investors increased purchases of Saudi equities last week to the highest value on record as they positioned for the kingdom’s inclusion in major benchmarks. Foreigners were net buyers of about 1.6 billion riyals of stocks in five days through March 14, more than any other week since the data were first disclosed in 2015. The inflows picked up ...

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India seeks higher weighting in MSCI equity indexes

Bloomberg India thinks its stocks aren’t fairly represented in several MSCI gauges that are closely tracked by investors around the world. The nation is seeking a review, The Economic Times reported on Monday. A team led by Prime Minister Narendra Modi’s principal economic adviser Sanjeev Sanyal is in discussions with MSCI Inc. since February to push for higher benchmark weighting ...

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