Home / Stock Market News / Stock News

Stock News

U.S. Stocks End Two-Week Losing Streak as Industrials Rally

U.S. stocks posted their first weekly advance since the end of March as bond yields rose amid gains in industrial and financial companies. While the “Trump Trade” may not be the force it was in the months after the election, it showed some signs of life as the S&P 500 Index rallied 0.9 percent in its biggest weekly gain in two months. Eight of 11 industry groups climbed, with industrial stocks advancing 2 percent and financials gaining more than 1 percent. The Dow Jones Industrial Index increased 0.5 percent, weighed ...

Read More »

Traders Are Losing Faith in European Banks as Earnings Loom

Riding on a wave of optimism over the economic and earnings outlook, an index of the region’s banks rallied to a 15-month high in March — before posting the second-biggest decline among industry groups this month. At the same time, bets for swings in lenders’ stocks have jumped, and options reached their highest prices since February 2016 relative to those for euro-area blue chips. There’s little doubt the environment for European banks has brightened, with profits forecast to grow at the fastest pace in three years in 2017 as quicker ...

Read More »

Southeast Asian Stocks Are Poised to Start Outperforming Peers

After lagging behind the wider region since 2013’s taper tantrum, Southeast Asian stocks are poised to start outperforming their peers. That’s the view from Morgan Stanley and Nomura Holdings Inc. in research notes released Thursday and Friday respectively. A completion of cyclical gains in earnings of technology and commodity companies, only modest dollar strength versus Asian currencies and a small deterioration in sentiment in China will benefit Asean markets over the next few months, according to Japan’s biggest brokerage. The “dovish tightening” by the Federal Reserve is supportive of emerging-market ...

Read More »

Asian stocks rise as steelmakers dismiss U.S. probe, euro fretful before French vote

Asian stocks were set to end the week on a positive note, unscathed by a U.S. trade probe on Chinese steel exports, while the euro remained on edge ahead of Sunday’s first round in a tight French presidential election after a shooting overnight in Paris that was claimed by Islamic State. European stocks were headed for a more muted start, with financial spreadbetters expecting Britain’s FTSE 100 <.FTSE> to open flat and Germany’s DAX <.GDAXI> to start the day up 0.1 percent. France’s CAC 40 <.FCHI> is also expected to ...

Read More »

China Sage Tips ‘Destruction’ of Leverage Trades as Stocks Slide

Markets are only starting to feel the heat from China’s campaign to cleanse its financial system of risk. That’s the view of Hao Hong, chief strategist at Bocom International Holdings Co. in Hong Kong who accurately called China’s boom-and-bust equity cycle of 2015. Tightening in the money markets as China seeks to reduce leverage saw the bond market sell off at the end of last year. Now it’s equities’ turn. After barely moving for most of March as traders chased gains in Hong Kong, mainland-traded shares have slumped this week ...

Read More »

Stocks struggle as French elections loom, North Korea worries

World stocks eked out small gains on Thursday as investors resisted risky bets ahead of the first round of the French presidential election over the weekend. Oil prices, which fell sharply on Wednesday on supply news, regained some of their losses. In general, markets cautiously stuck to well-worn trading ranges buffeted by concern over political risks and continued tensions over North Korea. Europe’s STOXX 600 rose 0.1 percent bolstered by strong sales reported by consumer sector bellwether Unilever . The FTSE 100, which has slid into negative territory for the ...

Read More »

Markets Start to Ponder the $13 Trillion Gorilla in the Room

After heading into the uncharted territory of quantitative easing, the world’s central banks are starting to plan their course through the uncharted waters of quantitative tightening. How the Federal Reserve, European Central Bank and — eventually — the Bank of Japan handle the transition could make the difference between a global rerun of the 2013 “taper tantrum,” or the near undetectable market response to China’s run-down of U.S. Treasuries in recent years. Combined, the balance sheets of the three now total about $13 trillion, equating to greater than either China’s ...

Read More »

Sterling gets market’s vote, stocks cold shouldered

Sterling stole centre stage in Asia on Wednesday amid speculation Britain’s surprise decision to call a snap election could ultimately deliver a more market-friendly outcome in its divorce from the European Union. Safe-havens stayed in favour as gold and bonds climbed ahead of presidential elections in France and on escalating tensions between the United States and North Korea. Equities were largely shunned with MSCI’s broadest index of Asia-Pacific shares outside Japan down 0.6 percent to the lowest since mid-March. Japan’s Nikkei managed to steady for the moment, but Shanghai extended ...

Read More »

China Has World’s Hottest Property Stocks

The world’s hottest property stocks are to be found in China as tougher measures to cool real estate prices fail to deter investors. Chinese companies account for nine of the 10 best performers this year on the Bloomberg World Real Estate Index. Among members of the MSCI China Index, Country Garden Holdings Co., Sunac China Holdings Ltd. and China Evergrande Group are the standout winners with gains of more than 70 percent, five times the pace of the benchmark measure. Soaring sales and improving profits go some way to explaining ...

Read More »

Stocks dip as North Korea, France keep investors on edge

Shares and the dollar fell on Tuesday as a snap general election call in Britain added to a lengthening list of uncertainties for investors already on edge over tensions simmering from North Korea to France. Wall Street also looked likely to open marginally lower, index futures showed, after stocks weakened in Europe and Asia. Sterling rose nearly 1 percent against the dollar and UK shares hit 2 1/2-month lows after British Prime Minister Theresa May called an early parliamentary election for June 8. Speaking outside her Downing Street office, May ...

Read More »

Stocks dip as North Korea, France keep investors on edge

European shares fell and the dollar dipped against the yen on Tuesday as tensions over North Korea and the coming weekend’s knife-edge presidential election in France kept investors nervous. Low-risk government debt, a favored investment in uncertain times, was in demand, while gold held firm close to five-month highs touched on Monday, the day after a failed ballistic missiles test by Pyongyang. Turkey’s lira rose against the dollar after Turkish President Tayyip Erdogan rejected Western criticism of a referendum in which he won sweeping new powers. With market activity reduced ...

Read More »

Global sovereign fund assets stall at $6.59 trillion – Preqin

Sovereign wealth fund (SWF) assets all but stalled at $6.59 trillion in the year to March 2017 due to a combination of weak markets, low oil prices and shifts in government policy, a report from research provider Preqin showed. Total assets under management have levelled off in the last two years, with growth of just 3 percent in 2015 and 1 percent in 2016, when assets stood at $6.51 trillion. This is in contrast to previous years, when SWF assets grew by 17 percent between December 2011 and December 2012, ...

Read More »

Deeper Capital Markets Hold Key to Asia’s $800 Billion Question

Here’s how emerging Asia can unlock $800 billion in extra funding per year, McKinsey & Co. says: by developing deeper capital markets. Asian economies from Vietnam to Indonesia can certainly use the funds–as much as $300 billion in the government sector, with the rest in the private sector–to lift millions out of poverty and provide much-needed infrastructure development, the consulting firm said in a report. “Asian countries do not yet have access to predictable capital market funding at scale, and investors lack the financial instruments to deploy long-term savings,” McKinsey ...

Read More »

Asian Markets Slip As Yen Hits 5-month High

Gold, oil continue to rise; China stocks give up Tuesday’s gains Gold continued to rise and the yen hit fresh five-month highs against a host of other currencies in early Asian trade on Wednesday as investors continued to move money out of risky assets. Investor worries over Syria and North Korea sent gold and 10-year Treasury yields to their best levels since November overnight. The Nikkei was down 1.1% after earlier hitting a fresh 2017 low. This was driven by strength in the yen overnight, which often pressures local stocks. ...

Read More »

China Is Playing a $9 Trillion Game of Chicken With Savers

Like many individual investors in China, Yang Mo has no idea what’s in the wealth management products that make up a big chunk of her net worth. She says there’s really no point in finding out. Sure, WMPs invest in all kinds of risky assets, but the government would never let a big one fail, she explains. “It’s not how the Chinese government does things, and it’s not even Chinese culture,” says Yang, a 29-year-old public relations professional in Beijing. Hers is a common refrain in Asia’s largest economy, where ...

Read More »

Recent Videos

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