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Stocks gain with US futures

Bloomberg Stock markets climbed globally for a second day along with US futures hours before the American presidential election. Currency traders braced for increased volatility. Bank shares including BNP Paribas SA advanced after the French lender joined European peers in posting lower-than-expected bad-loan provisions from the pandemic. Equity markets in Beijing, Hong Kong, Australia and South Korea all surged more ...

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Hedging equity risk could stay costly as usual havens misfire

Bloomberg Hedging exposure to the S&P 500 index via options is going to remain costly yet vital next year due to the pandemic and relative lack of protection from traditional havens, Tallbacken Capital Advisors LLC said. “Vaccine volatility” is likely because of the winding paths ahead to the eventual introduction of an inoculation or other therapies, according to Tallbacken CEO ...

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India stocks track regional peers higher

Bloomberg India stocks tracked Asian peers higher ahead of the US election. The S&P BSE Sensex climbed 0.8% to 40,067.14 as of 10:04 am in Mumbai, while the NSE Nifty 50 Index advanced by the same magnitude. Swings in stock prices are set to ease for the first day in five after a measure of volatility touched its highest level ...

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