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European shares recover after U.S. tech rout; dollar falls

European shares recovered on Tuesday after feeling the strain of a tech rout on Wall Street, while the dollar lost momentum as hopes mounted for a de-escalation in the Sino-U.S. tariff war. Fears of a peak in corporate earnings growth, softening global demand and rising interest rates in the United States have put investors on edge in the past month. The trade war between Washington and Beijing plus risks from Brexit and Italy’s budget row with the European Union have helped the dollar as investors dump riskier assets. Volatility is ...

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European shares rebound as trade hopes chase tech scares

European shares rose on Tuesday morning as hopes for a de-escalation of the Sino-U.S. tariff war chased the previous session’s fears about a possible downfall of technology stocks after suppliers of Apple cut their forecasts. The pan-European STOXX 600 <.STOXX> gained 0.5 percent by 0950 GMT despite Wall Street’s main indexes sustaining heavy losses on Monday. Markets in Asia overnight recouped some losses after a report that China’s top trade negotiator was preparing to visit the United States ahead of a meeting between the leaders of the world’s two largest ...

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$31 Billion Record Can’t Help Asian Stocks as Traders Hit Snooze

Monday’s meager volume across Asian stock markets means one thing: everyone’s waiting for solid news to trade on before getting overly excited one way or another. Most benchmarks in the region posted moves between 0.1 percent and 0.8 percent in either direction. A gauge tracking volatility in Japan’s Nikkei 225 Stock Average dropped for a fifth straight day. Even a $31 billion record sales figure from Alibaba Group’s Singles’ Day didn’t give stocks a big lift (consumer shares in the MSCI Asia Pacific Index fell). Bloomberg Opinion columnist Tim Culpan ...

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Global Stocks Waver as Crude Prices Soar

Global stocks were mixed Monday, as crude prices climbed after Saudi Arabia said it would slash exports and OPEC considered a collective production cut. The Stoxx Europe 600 fell 0.5% in early morning trade, following a mixed performance in Asia. U.S. futures pointed to a small opening drop of 0.2% for the Dow Jones Industrial Average, while the S&P 500 was on course to shed 0.1% at the open. Brent crude, the global oil benchmark, recouped the losses that had sent it close to a bear market last week. On ...

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Disappointing third-quarter earnings another blow to battered European market

European companies are delivering their most disappointing earnings in nearly three years as a sluggish economy and rising costs take their toll on bottom lines, dealing another blow to investor confidence shaken by Italy’s budget crisis and Brexit. Stocks have seen sharp swings on results days as firms reveal the damage wrought by higher trade tariffs and weaker global demand against a backdrop of sliding equity markets and rising volatility. Some of Europe’s biggest companies, from cement makers and car manufacturers to engineering firms and airlines, warned of weaker margins. ...

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Global Stocks Waver as Crude Prices Soar

Global stocks were mixed on Monday, as crude prices climbed after Saudi Arabia said it would slash exports and OPEC considered a collective production cut. The Stoxx Europe 600 fell 0.3% in early morning trade, following a mixed performance in Asia. U.S. futures pointed to small opening gains, of 0.1% for the Dow Jones Industrial Average and 0.2% for the S&P 500. Brent crude, the global oil benchmark, recouped the losses that last week had sent it close to a bear market. On Monday it was trading 2.2% higher at ...

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Now That $4.3 Trillion Wipeout in Asian Stocks Is Getting Deeper

It was looking like a week of wound-licking for Asian stocks. Then crude oil entered a bear market and alarm bells rang on China’s slowdown as tech stocks plunged. Just like that, the region’s equity benchmark erased weekly gains and is now heading for a sixth slide in seven weeks, only worsening the wipeout that already erased $4.3 trillion of market value this year. Of note: energy companies are, by far, the biggest decliners, followed by tech shares as Tencent Holdings sank almost 5 percent. Watch for its quarterly results ...

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Goldman Says the Risk Rally Is On

The rebound in risk appetite can continue, according to Goldman Sachs Group Inc. “The market is once again pricing a data-dependent Fed, the U.S. midterm elections are behind us, and we see early signs of a China-driven stabilization of EM growth,” Goldman strategists James Weldon, Matthieu Droumaguet and Charles Himmelberg wrote in a note Thursday. There’s scope for each of those factors to continue boosting investor demand for riskier assets, they said. Market concerns about Fed tightening have stabilized in the past two weeks, and the realization that the central ...

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Global Stocks Drop as Oil Extends Declines

Global stocks fell Friday as crude prices continued to lose ground a day after the U.S. oil benchmark entered a bear market and the Federal Reserve Bank signaled a rate increase was likely at its next meeting. The Stoxx Europe 600 dropped 0.6% in midmorning trade, with the oil-and-gas sector down 1.5% and the auto sector down 2.3%. All European indexes were trading lower, with Italy’s FTSE MIB losing the most, by 1.3% Brent crude, the global benchmark, fell 1.9% to $69.32 a barrel, inching closer to a bear market. ...

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Stocks poised for biggest drop in two weeks on U.S. and China concerns

Global stocks were heading for their biggest drop in two weeks and emerging market currencies also slipped on Friday as a confident U.S. central bank and weak Chinese data hit demand for risky assets. MSCI’s gauge of stocks across the globe <.MIWD00000PUS> fell half a percent, its biggest drop since Oct. 26, as the U.S. Federal Reserve held interest rates as expected but indicated that another rate increase is likely in December. While the decision to hold rates was anticipated by markets, some participants had expected a more cautious approach ...

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Trade, Fed, Profits: What Asia Stock Traders Are Watching Next

For now, Asian stocks are taking their cue from the U.S. The regional equity gauge marched toward a three-week high on Thursday, after a 2 percent rally in the S&P 500 Index. In the end, the Democrats winning the House wasn’t a negative for stocks as some previously feared, at least not for now. And the U.S. dollar has come off quite a bit since last week’s high — another reason for optimism in Asia. But with the midterms finally out of the way, investors are turning to what’s next. ...

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China Says It Will Cut Maximum Length of Stock Trading Halts

Chinese authorities said they will reduce the amount of time stocks can stay suspended, addressing a longstanding concern that investors can be left stranded for months, unable to sell. The China Securities Regulatory Commission made the announcement on its website late Tuesday. Under existing rules, companies can suspend their shares for as long as three months for “major asset restructuring,” which can involve little more than shuffling assets from one unit to another. Share halts in China have been a major issue for investors in recent years. Nearly half of ...

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Stocks in Europe and Asia Follow Wall Street Higher

Stocks in Europe and Asia pushed higher Thursday, while U.S. futures held steady, as investors continued to react to the U.S. midterms vote that triggered the largest postelection gain for the S&P 500 since 1982. Futures pointed to a 0.1% opening decline for the S&P 500 after the index rose 2.2% Wednesday, the third largest percentage gain following an election day on record. The Stoxx Europe 600 was up 0.6% in early trade after rising 1.1% in the previous session. Most markets in the Asia-Pacific region rose, catching up with ...

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World stocks, Wall Street futures surge after US vote but dollar takes hit

Wall Street was set for a surge on Wednesday and global stocks rose after a U.S. election divided control of Congress, but the outcome, which casts doubt on further tax cuts, hit the dollar and sent Treasury yields lower. The Democrats looked headed for a gain of more than 30 seats in the House of Representatives, well beyond the 23 they needed to claim their first majority in eight years. With President Donald Trump’s Republican party holding onto its Senate majority, the results from Tuesday’s elections were in line with ...

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European shares recover after U.S. midterm vote; Spanish banks rally

European shares bounced on Wednesday after U.S. midterm elections delivered no big surprise, while a string of solid earnings updates and a rally in Spanish banks on a favourable tax ruling also provided relief. The pan-European STOXX 600 <.STOXX> benchmark rose 1.1 percent to a three-day high in a broad-based rebound that saw all major country and sectoral indexes trade in positive territory in morning deals. Democrats rode a wave of dissatisfaction with President Donald Trump to win control of the U.S. House of Representatives on Tuesday, giving them the ...

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