Category: wrap
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Stocks Waver as Geopolitics Temper China-Led Boost: Markets Wrap
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(Bloomberg) — U.S. stock futures struggled for direction, giving up short gains sparked by a monetary policy shift in China, as investors focused on escalating geopolitical risks and expectations of interest rate cuts in the U.S. and other major economies. Most read from Bloomberg Contracts on the Nasdaq 100 fell…
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Asian Markets Cautious as Political Tensions Rise: Markets Wrap
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Breadcrumb links BMN Business Asian stocks are set for a mixed open on Monday as traders grapple with ongoing political turmoil in South Korea and await signs of fresh stimulus from Beijing. Oil stabilized after the overthrow of the Syrian government. Article writer: Bloomberg News Matthew Burgess Published on December…
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Stocks, Bonds Rise as Traders Cheer Treasury Pick: Markets Wrap
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(Bloomberg) — A strong Asian day for stocks and Treasuries looks set to extend into Europe, where traders are accepting Donald Trump’s selection of Scott Bescent for Treasury Secretary as a calculated choice that would inject more stability into the U.S. economy and financial markets. Most read from Bloomberg Euro…
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Stocks Fluctuate With Focus Shifting to Inflation: Markets Wrap
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(Bloomberg) — Stocks traded mixed ahead of key U.S. inflation data on Wednesday as concerns grow that President-elect Donald Trump’s proposed tariffs and his picks for key positions could spark a resumption of price growth. Most read from Bloomberg The Stoxx 600 index recorded small movements in the European open…
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Stocks Pause Gains With Rally Looking Overdone: Markets Wrap
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(Bloomberg) — Stocks paused their advance Tuesday amid signs that the rally has left valuations overextended, while investors weighed the potential political impact of Donald Trump’s Cabinet choices. Most read from Bloomberg The European STOXX 600 index lost 1%, almost erasing Monday’s rise. US futures fell after five days of…
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Stocks Pause Gains With Rally Looking Overdone: Markets Wrap
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(Bloomberg) — Stocks paused their advance Tuesday amid signs that the rally has left valuations overextended, while investors weighed the potential political impact of Donald Trump’s Cabinet choices. Most read from Bloomberg The European STOXX 600 index lost 1%, almost erasing Monday’s rise. US futures fell after five days of…
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Asian Stocks Fall as China Support Disappoints: Markets Wrap
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(Bloomberg) — Asian stocks fell after China’s planned debt swap program appeared inadequate to some investors and data showed continuing deflationary pressures. Most read from Bloomberg The region’s stock index fell more than 1% on Monday, with Hong Kong and mainland Chinese stocks falling in early trading. Standards have also…
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Asian Stocks Echo US Gains as Focus Turns to China: Markets Wrap
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(Bloomberg) — Asian stocks rose after U.S. stocks, bonds and commodities rose as the Federal Reserve cut interest rates. Most read from Bloomberg Australian, South Korean and Chinese shares all advanced, supporting a second day of gains for the region-wide equity gauge. That was after the S&P 500 rose 0.7%…
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Stocks Rise as Traders Mull Trump Victory, Fed: Markets Wrap
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(Bloomberg) — Asian stocks rose along with European and U.S. stock futures, as investors brace for a second Donald Trump presidency and an expected interest rate cut from the Federal Reserve. Most read from Bloomberg Chinese stocks were among the best performing stocks in Asia thanks to optimism that Beijing…
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US Stocks, Dollar Rally as Trump Nears Victory: Markets Wrap
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(Bloomberg) — Growing presidential expectations for Donald Trump spread across global markets on Wednesday, with U.S. stock futures rising, Treasury yields jumping and the dollar rising by the most since March 2020. Most read from Bloomberg S&P 500 futures rose 1.8%, 10-year bond yields rose 14 basis points to a…
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US Stocks, Dollar Rally as Trump Nears Victory: Markets Wrap
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(Bloomberg) — Growing presidential expectations for Donald Trump spread across global markets on Wednesday, with U.S. stock futures rising, Treasury yields jumping and the dollar rising by the most since March 2020. Most read from Bloomberg S&P 500 futures rose 1.8%, 10-year bond yields rose 14 basis points to a…
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Dollar Weakens as US Polls Signal No Clear Leader: Markets Wrap
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Breadcrumb links BMN Business The dollar fell after the latest set of opinion poll data for the US presidential elections showed no clear advantage between Kamala Harris and Donald Trump. Oil rose after OPEC+ postponed the production increase. Article writer: Bloomberg News Richard Henderson Published on November 3, 2024 •…
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Stocks climb, oil sinks at start of pivotal week: Markets wrap
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(Bloomberg) — There was a sense of relief in markets after Israeli retaliatory strikes against Iran averted oil facilities, with crude oil falling and stocks rising at the start of what appears to be a pivotal week for investors. Most read from Bloomberg Iran said its oil industry was operating…
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Yen Drops as Japan Election Unnerves Investors: Markets Wrap
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Breadcrumb links BMN Business The yen fell to its lowest level in almost three months after Japan’s ruling coalition failed to win a majority in parliament in elections over the weekend. The price of crude oil fell after Israeli strikes on Iran’s oil facilities were avoided. Article writer: Bloomberg News…
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US Stock Futures Trim Weekly Drop; Treasuries Gain: Markets Wrap
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(Bloomberg) — U.S. stock futures pointed to gains at the Wall Street open as investors looked past a jump in borrowing costs that cooled market sentiment earlier in the week. Most read from Bloomberg Contracts on the S&P 500 rose 0.3%, suggesting the underlying gauge may pare its first weekly…
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Tech Stocks Up in Late Trading as Tesla Surges 8%: Markets Wrap
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(Bloomberg) — Big Tech companies rose in recent hours as Tesla Inc. “Magnificent Seven” earnings season with better than expected results. Treasury yields rose on bets that the Federal Reserve will take a more measured approach to interest rate cuts. Most read from Bloomberg After the stock market sell-off, Wall…
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Asian Shares Decline as Bonds Extend Selloff: Markets Wrap
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(Bloomberg) — Asian stocks fell for a second day along with bonds, as traders consider tempering expectations of interest rate cuts from the Federal Reserve for the rest of the year. Most read from Bloomberg The MSCI AC Asia-Pacific Index fell as much as 1.1% as benchmark indices in Australia…
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Asian Stocks to Rise After Wall Street Win Streak: Markets Wrap
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Breadcrumb links BMN Business Most Asian stocks are poised to rise in early trading on Monday after Wall Street ended last week on new highs. Article writer: Bloomberg News Matthew Burgess Posted on October 20, 2024 • 3 minutes read You can save this article by registering for free here.…
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China’s GDP, Buyback Plans Fuel Asia Stock Gains: Markets Wrap
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(Bloomberg) — Asian stocks rose as investors digested better-than-expected Chinese economic data and details of an additional share buyback program from the Chinese central bank. Most read from Bloomberg Stocks in China and Hong Kong extended gains after the People’s Bank of China said it had established a re-lending mechanism…
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Asian Stocks Rise, Chinese Shares Reverse Gains: Markets Wrap
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(Bloomberg) — Stocks rose in Asia after Wall Street closed higher, helped by a shift from giant technology to smaller companies. Chinese stocks erased their gains after a press conference by the finance and housing ministers. Most read from Bloomberg China’s CSI 300 index turned flat after rising 1.3% earlier.…