Home / Stock Market News (page 4)

Stock Market News

Private equity’s swoop on listed European firms runs into rising execution risks

European listed companies have not been this cheap for more than a decade, yet for private equity firms looking to put their cash piles to work, costlier financing and stronger resistance from businesses are complicating dealmaking. Sharp falls in the value of the euro and sterling coupled with the deepest trading discounts of European stocks versus global peers seen since March 2009, have fuelled a surge in take-private interest from cash-rich buyout firms. Private equity-led bids for listed companies in Europe hit a record $73 billion in the first six ...

Read More »

FX Daily: All eyes on Sintra

USD: Commodity currencies can extend recovery Friday’s good momentum in equities only extended to the first part of yesterday’s session, as another bad day for global bonds prompted early gains to be erased. This morning, equity futures mostly point to a flat or slightly negative open, as markets continue to gauge the risk of recession and the consequent impact for rates and global monetary conditions. Interestingly, the FX market saw a reversal of the “sell-Europe” dynamic observed last week after the release of the June PMIs, as European currencies, led ...

Read More »

Stocks swing higher as China eases quarantine rules

Asian shares swung into positive territory in afternoon trade on Tuesday, propelled by China’s decision to ease some quarantine requirements for international arrivals, with Hong Kong stocks particularly supported. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.5%, having spent most of the day in the red. The index has fallen 3.8% so far this month. Health authorities said on Tuesday that China will halve to seven days its COVID-19 quarantine period for visitors from overseas, with a further three days spent at home. Following the news, ...

Read More »

Euro stands firm ahead of inflation gauge, Lagarde speech

The euro held onto its recent gains on Tuesday ahead of European inflation figures this week that are expected to run hot and a speech from central bank chief Christine Lagarde, while a rally in oil prices boosted commodity currencies. The euro EUR= rose 0.28% overnight and at one point poked above its 50-day moving average. It last sat at $1.0574. The dollar held modest overnight gains on other currencies and traded at 135.33 yen JPY=EBS and $0.693 per Australian dollar AUD=D3 in the Asia session. German inflation figures are ...

Read More »

China considers extending trading hours for onshore yuan – sources

China is considering extending its onshore currency trading hours, according to four sources familiar with the matter, a move that could spur demand for the yuan from global investors. The central bank has surveyed some major market players and sought feedback on lengthening the daily session until 3 a.m. Beijing-time (1900 GMT), according to the sources. Yuan trading sessions now run from 9:30 a.m. (0130 GMT) to 11:30 p.m. (1530 GMT). Source: Reuters (Reporting by Han Xiao in Beijing, Zhang Jindong and Winni Zhou in Shanghai, and Tom Westbrook in ...

Read More »

Take Five: Goodbye turbulent H1

Angst is running high over global recession risks as the year’s mid-point approaches. So economic data and central bank talk will bear watching more than usual, and there’s plenty of that coming up. The European Central Bank will host a forum in Portugal, while a Chinese business activity survey and a closely followed U.S. inflation indicator will be among the data highlights. And Russia could be confirmed in default on external sovereign bonds for the first time in a century. Here’s your look at the week ahead in markets from ...

Read More »

FX Daily: When bad news is good news

USD: Some respite in equities may help commodity FX in particular The S&P 500 is nearly 8% up from its lows at the start of the month and rallied 3% on Friday. Helping the rally has no doubt been last week’s re-pricing of tightening cycles around the world where 25-50bp of expected tightening were removed from some money market curves in just a few days. Driving that pricing seemed to be the much broader discussion – including from Federal Reserve Chair Jerome Powell – over the risks of recession. It ...

Read More »

STOCK MARKET SNAPSHOT FOR 28/6/2022

NASDAQ-Adv: 2,302 Dec: 2,353 NYSE-Adv: 2,261 Dec: 1,936 (Source: Nasdaq)

Read More »

Stocks gain as risk sentiment improves, oil steadies

Shares rose broadly across Asia on Monday, building on morning gains and a Friday Wall Street rebound as sentiment improved and oil prices steadied, tempering fears of prolonged inflation. Treasury yields remained subdued and the dollar hovered near the lowest in more than a week as investors continued to assess the outlook for U.S. rate hikes, and the potential for a recession. Japan’s Nikkei .N225 rallied 1.51%, while Australia’s benchmark .AXJO jumped 2.03% and looked set for its best day in more than six weeks. Chinese blue chips .CSI300 rose ...

Read More »

Dollar finds support as investors put safety first

The dollar and Japanese yen both found support in a choppy Asia session on Monday, benefiting from a bid for safety as investors worried rising interest rates and softening economic data could signal a global recession is on the horizon. While stocks followed Wall Street higher, currency traders were wary of extending Friday’s dollar selling too much because the dollar typically rises in times of uncertainty. The risk-sensitive Australian dollar AUD=D3 was shaky along with commodity prices through the Asia session, and was last down 0.1% at $0.6935. The euro ...

Read More »

Bruised US stock investors brace for more pain in second half of 2022

With U.S stocks on track to mark their worst first half of the year in more than 50 years, investors are studying a range of metrics to determine whether the coming months could bring relief, or more of the same. By any stretch, the first half of 2022 has been a challenging one for investors. The S&P 500 is down around 18% year-to-date, on track for its worst first half of any year since 1970, according to S&P Dow Jones Indices, as the Fed tightens monetary policy in its fight ...

Read More »

Key events in developed markets next week

Increasing risk of a hard landing as Fed is determined to get inflation under control In the near term, the US activity story is holding up with consumers still willing to use savings accumulated through the pandemic to finance spending on leisure and “experiences”. This means we expect expenditures related to services to outperform spending on goods through the summer. However, with the Federal Reserve raising interest rates more aggressively, moving monetary policy harder and faster into restrictive territory as it tries to get a grip on inflation, there is ...

Read More »

Bond outflows in 2022 suggest ‘capitulation’ in debt, not stocks -BofA

Bond funds suffered their largest outflows in the past week since the COVID-19 crisis gripped markets in April 2020, and investors sold $193 billion worth of debt so far this year in a sign of “capitulation,” BoFA said in a note on Friday. As the first half of the year draws to a close, fixed income and equity markets are nursing heavy losses – battered and bruised by inflation soaring in the wake of Russia’s invasion of Ukraine and an aggressive response from major central banks such as the U.S. ...

Read More »

Global equity funds gain weekly inflows after big selloff

Global equity funds obtained capital inflows in the week ended June 22, following a heavy selling in the previous week, as a slide in commodity prices slightly assuaged investor fears over rapid inflation. According to Refinitiv Lipper, investors secured global equity funds of $7.51 billion in net purchases. That compares with withdrawal of $30.49 billion in the previous week, which was the biggest net selling since at least July 2020. The MSCI all-country share index has gained more than 2% this week after a three-week-long losing streak that wiped out ...

Read More »

Traders scale back peak interest rate bets as recession fears grip

Traders are slashing their bets on how far central banks will be able to lift interest rates this cycle, reflecting growing fears in financial markets of economic slowdown or even outright recession. Data on Thursday showed U.S. and euro zone business activity growth slowing much more than expected in June, sending bond yields tumbling. Germany meanwhile triggered the alarm stage of its emergency gas plan amid warnings of recession if Russian energy supplies are halted. And on Wednesday, U.S. Federal Reserve Chairman Jerome Powell said the bank was committed to ...

Read More »

Recent Videos

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