Bloomberg Stocks in Europe and Asia tumbled with US equity futures on Thursday after the Federal Reserve painted a long slog ahead for the economic recovery and as coronavirus infection rates jumped in parts of America. The Stoxx Europe 600 Index opened sharply lower, with sectors scooped up in the recent rally such as banks and travel leading declines. S&P …

Bloomberg India stocks fell as investors weighed whether valuations have become too stretched following two straight weeks of gains. The S&P BSE Sensex declined 1.2% to 33,831.42 as of 1:41 pm in Mumbai, while the NSE Nifty 50 Index slipped by the same magnitude. Both measures have rebounded about 30% from their record slide on March 23. The price-to-earnings ratio …

Bloomberg More traditional companies in Hong Kong and Singapore are set to benefit from a “new business cycle” globally as their economies recover from the pandemic, according to Citigroup Inc.’s private-banking arm. Cyclical and undervalued stocks will outperform in both jurisdictions supported by fiscal stimulus, with Hong Kong probably coming out of a yearlong recession this quarter, Ken Peng, head …