Home / Stock Market News / Stock News

Stock News

BlackRock Eyes Renewed Dollar Rally Even as Trump Euphoria Wanes

Treasury yields and the dollar have room to rise further even as market “euphoria” surrounding Donald Trump’s policy pledges ebbs, according to the world’s biggest fund manager. An increase in global inflation expectations that began well before November’s U.S. election will continue with or without Trump, and may push U.S. 10-year note yields up to 3 percent by year-end, according to BlackRock Japan Co. The greenback may climb to 120 yen, said the company, whose parent BlackRock Inc. oversees $5 trillion. “The regime of deflation and monetary easing since the ...

Read More »

Asian Shares Gain, Led by Energy Companies on Higher Oil Prices

Asian stocks gained, led by a surge in energy companies after oil climbed above $52 per barrel. Japanese shares rebounded as investors picked up depressed shares. The MSCI AC Asia Pacific Index rose 0.3 percent as of 4 p.m. Hong Kong time. Chinese stocks gained amid speculation of state efforts to ensure market stability during President Xi Jinping’s appearance at the World Economic Forum in Davos. Politics and policies uncertainties continued to weigh on market sentiment. Safe haven assets like the yen and gold today paused a week-long rally that ...

Read More »

Unloved European Stocks Poised to Become ‘Pain Trade’ of 2017

Investors may be missing bargains among European stocks. The benchmark Stoxx Europe 600 index is trading close to its cheapest price-to-book value versus U.S. peers in 13 years. Even as earnings in the region are forecast to increase, most investors are pricing in political turmoil. They’re uncomfortable about populism sweeping across swaths of the continent. While that pessimism is reflected in investment outflows, it may be overdone — turning the market into an overlooked trade. As U.S. stocks punched through record highs, the benchmark Stoxx Europe 600 Index has struggled ...

Read More »

European Stocks Pare Drop as May Says Brexit Deal Will Need Vote

European stocks pared their decline on Tuesday after U.K. Prime Minister Theresa May laid out her intentions on Brexit while supporting a strong European Union. The Stoxx Europe 600 index dropped 0.1 percent at 12:37 p.m. in London, recovering from a 0.7 percent slide earlier, still held lower by declines in mining and automaker stocks. May ruled out continued membership in the single market, while saying that she doesn’t want the EU to unravel following her nation’s vote to leave last June. The government will put the final Brexit deal ...

Read More »

Nikkei Falls As Key U.K. Speech Looms; China Shares Volatile

Asian shares were broadly lower Tuesday, ahead of a crucial speech by U.K. Prime Minister Theresa May, who is set to announce a clean break from the European Union. The Nikkei Stock Average was down 0.8%, while Australia’s S&P/ASX 200 was off 0.9% and Singapore’s Straits Times Index was off 0.2%. May will double down on comments she made last week , saying that Britain doesn’t want “partial membership” in the EU, according to excerpts of a speech released by her office on Monday. The comments reinforce expectations that she ...

Read More »

Profit growth pickup could justify Wall Street rally

U.S. companies are set to report their strongest profit growth in two years, which could go a long way toward justifying Wall Street’s record-breaking rally, say stock investors who anticipate many companies will top expectations. Fresh from a year-long decline in quarterly profits, companies in the benchmark S&P 500 .SPX are expected to report their bottom lines grew by 6.2 percent in the fourth quarter, the latest Thomson Reuters data shows, the strongest growth since a 7.0 percent increase in the same quarter of 2014. By most measures, the last ...

Read More »

European Stocks Decline as FTSE 100 Sustained by Tumbling Pound

Stocks fell across Europe, trimming much of their gains made on Friday, as investors began focusing on week’s policy meeting of the European Central Bank, seeking insight on when the institution may begin to curtail its stimulus measures. The Stoxx Europe 600 fell 0.7 percent, after gaining 1 percent on Friday — the most in a month. The U.K.’s FTSE 100 was little changed on Monday as the pound tumbled versus the dollar ahead of U.K. Prime Minister Theresa May’s speech on Brexit plans on Tuesday. The British benchmark has traded ...

Read More »

The nagging Trump rally question on every investor’s mind has been answered

JPMorgan chairman and CEO Jamie Dimon said on Friday he is comforted by a Trump administration. He’s not the only one who should feel that way. The nagging question on the tip of every investor’s tongue is whether or not the Trump stock market rally had gone too far, too fast. The market has been flat since mid- December. But after seeing the earnings reports from our nation’s biggest banks on Friday, the answer is no. And the feeling of relief to those who follow financial markets closely is difficult ...

Read More »

Europe’s Biggest Fund Manager Says U.S. Stock Bulls Got It Wrong

Amundi SA, Europe’s largest money manager, says investors who have driven U.S. stock markets to record highs in expectation of fiscal stimulus from the Trump administration may be in for a surprise. While a pivot to government spending and tax cuts may prolong the economic expansion in the U.S., Republican lawmakers will insist that fiscal measures don’t push up the deficit, Didier Borowski, the Paris-based asset manager’s head of macroeconomics, said in an interview. Even if President-elect Donald Trump succeeds in delivering stimulus, it won’t have an impact before next ...

Read More »

Global stocks up on U.S. bank hopes, dollar and yields slip

European and U.S. stocks looked to end a sluggish week on a high note on Friday, while the dollar was on track for its biggest weekly fall in two months and U.S. bond yields eyed their longest run of weekly declines since July. Investors largely shrugged off figures that showed Chinese exports fell the most last year since 2009, and will look to earnings reports from U.S. banks JP Morgan Chase (>> JPMorgan Chase & Co.), Bank of America Merrill Lynch (>> Bank of America Corp) and Wells Fargo (>> Wells Fargo & Co) later in ...

Read More »

China’s Great Money Ball Has More Bubbles in Sight for 2017

Call it China’s Great Ball of Money, Whac-a-Mole Finance, or simply a whole lot of liquidity. Whatever term you use for the excess credit trapped in China’s financial system, few would deny that predicting its sometimes erratic movements can be a money-maker for analysts, traders and investors. After a string of market bubbles in recent years, China will again see assets threatened in 2017 by prices detaching from fundamentals. That’s the opinion of all but one of 14 economists surveyed by Bloomberg late last month. Half penciled in the risk ...

Read More »

LME Trading Starts Five Hours Late Due to Connectivity Issue

The London Metal Exchange suffered its second major outage in less than six months as trading was delayed by five hours by what the exchange described as a connectivity issue. Electronic trading on the LMEselect platform failed to start at the normal time of 1 a.m. in London on Thursday and finally resumed at 6 a.m. The issue didn’t affect telephone trading, and has been resolved, the LME said in an e-mailed statement, without giving any further explanation. The fault occurred at the start of the trading day in China, ...

Read More »

Despite soaring stocks, investor pessimism on UK markets runs deep

Stocks have never been higher, the economy is far stronger than most had predicted and the apocalyptic recession forecasts have been quietly withdrawn. Yet for all that, investor pessimism about UK markets runs deep. Nearly seven months after Britain’s vote to leave the European Union, money managers are reluctant to hold any significant exposure to UK Plc, betting that the currency will weaken further and bond yields will continue to rise. Although the rise in the benchmark FTSE 100 index and smaller mid-cap FTSE 250 to all-time highs suggests investors ...

Read More »

FTSE 100 falls after retailers reveal Christmas trading figures

Stocks in the U.K. lost ground Thursday, with losses for shares of Tesco PLC and Primark’s parent company helping put the benchmark FTSE 100 at risk of snapping its record run of wins. The FTSE 100 UKX, -0.11%  was down 0.3% at 7,266.66, with the basic materials group moving higher, up about 2%. The index on Wednesday rose 0.2% to close at 7,290.49, a 12th consecutive session of gains that marked its longest winning streak ever. The finish also marked a 10th consecutive record closing high. Retailers: Retail shares were ...

Read More »

Draghi Calls for ECB Scrutiny of Deutsche Boerse Takeover of LSE

The European Central Bank needs to “carefully” analyze the proposed merger between Deutsche Boerse AG and London Stock Exchange Group Plc, President Mario Draghi has written in a letter to lawmaker Pervenche Beres. “When a merger leads to a change in ownership of a euro-area bank, as could be the case for entities within Deutsche Boerse and LSE Group that are licensed as banks, the ECB has to analyze it carefully from a prudential perspective,” Draghi said in the letter dated Jan. 10. Uncertainty about the future of the U.K.’s ...

Read More »

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping