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Stocks surge with US equity futures; oil deepens decline

Bloomberg Stocks rose on Wednesday with US equity futures as investors monitored continued volatility in energy markets and earnings reports that haven’t been uniformly negative. Oil prices renewed their slide. The Stoxx Europe 600 Index opened higher, with gains in tech and telecom shares countering declines in energy companies. Stocks slipped in Japan but climbed in most other major Asia ...

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Top private bank asks wealthy clients to stop binging on India stocks

Bloomberg The top investment adviser to rich Indians is asking its wealthy clients to desist from loading up on equities even as the nation’s stock indexes get back into bull territory. “We are maintaining the view that this is a very uncertain environment, and hence, investors must not make impulsive decisions,” Shobhit Mathur, a director at Kotak Investment Advisors Ltd., ...

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Banks in China hit by bad loans despite $212b relief

Bloomberg Bad debt at Chinese banks climbed in the first quarter even as lenders deferred payments on and rolled over a combined 1.5 trillion yuan ($212 billion) in loans after the coronavirus outbreak brought the world’s second-largest economy to a standstill. After allowing banks to take a more lenient approach on how they classify bad debt, regulators in Beijing on ...

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