Bloomberg Ulta Beauty Inc reported first-quarter comparable sales that beat expectations, showing that makeup usage is making a recovery. Comparable sales, a key metric for retailers, rose 66% for the quarter — above the 39% average analyst estimate compiled by Bloomberg. The beauty retailer raised its outlook for 2021, with net sales now seen in a range of $7.7 billion …

Bloomberg China stocks’ biggest weekly surge since February is rekindling investor hopes for a strong rally ahead. But don’t expect the sentiment-driven frenzy of last year, analysts say. The benchmark CSI 300 Index gained 3.6% last week, with turnover nearing the 1 trillion yuan ($157 billion) mark – the most since late February. Foreigners snapped up a record amount of …

Bloomberg Malaysian stocks dropped and the ringgit weakened after the government imposed a two-week nationwide lockdown to curb a relentless surge in Covid-19 infections. The FTSE Bursa Malaysia KLCI Index falls as much as 1.6% on Monday, before paring losses to 0.7% at the close in Kuala Lumpur. The ringgit slid as much as 0.4% to 4.1480 per dollar, while …