Home / Stock Market News / Stock News (page 5)

Stock News

History Shows Stock Rally Could Have More Legs

The S&P 500, which has surged 11% to start 2019, is on pace for its biggest early-year advance in nearly three decades and is sitting 5.3% below September’s all-time high. That could bode well for the rest of the year: The index moves in the same direction in the first two months and the remainder of the year 64% of the time, according to Dow Jones Market Data. A more flexible approach to monetary policy from the Federal Reserve, easing U.S.-China trade tensions and a better-than-feared corporate earnings season are ...

Read More »

Deal or no deal on trade, Brexit – World markets themes for the week ahead

Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. 1) MARCH ON The March 1 deadline that ends a 90-day U.S.-China trade truce arrives soon and hopes are high that some kind of trade deal — reportedly being sketched out by the two sides — is reached by then. If not, markets hope the deadline will be postponed. The alternative? A significant trade war escalation, with Washington slapping 25 percent tariffs on $200 billion worth ...

Read More »

Emerging debt and equity funds suffer first outflows in four months – BAML

This week saw the first outflows from emerging market debt and equity funds since October 2018, Bank of America Merrill Lynch strategists said on Friday, citing EPFR data. Emerging market stocks have had a strong run since the end of 2018 and pulled in flows of $18 billion in 2019 so far, but were named the “most crowded” trade in a BAML survey last week, which may be a bad omen. In the week to February 20, EM equity funds saw $0.5 billion outflows and EM debt funds lost $39 ...

Read More »

Global Stocks on Course for Weekly Gains

Global stocks inched up on Friday, with most major benchmarks on course to close out the week higher amid continuing hopes for a trade deal between the U.S. and China. The Stoxx Europe 600 was up 0.1% in morning trading, with the index’s basic resources sector increasing a further 1.5% at the end of a week of stronger-than-expected corporate earnings and emerging-market optimism. That move was mitigated by a 0.9% slip for the index’s food and beverage sector, after shares in U.S. counterpart Kraft Heinz plunged 20% after hours on ...

Read More »

Global shares nudge higher, Aussie dollar rebounds after slide

Global shares rose on Friday as signs of progress on trade offset a worsening economic outlook, while the Aussie dollar recouped some losses after China denied it had halted Australian coal imports. Earnings from companies drove big stock swings as European markets opened. The pan-European STOXX 600 index was up 0.1 and Germany’s DAX 0.2 percent. Shares in Asia were buoyed by a late rally in Chinese shares, with the main blue-chip index of Chinese shares rising 2.2 percent. Chinese shares had faltered earlier amid concern about slowing domestic growth ...

Read More »

Why the $9 Trillion Stock Rally Is Beginning to Look Tired

With more than $9 trillion restored to global stock markets in less than two months, investors are questioning if the rally has more legs. “Prices may have come too far, too fast,” said Bob Doll, senior portfolio manager at Nuveen LLC, which has about $930 billion in assets under management. “Markets could be due for consolidation or a pullback.” Technicals show a mixed picture around the world. Momentum indicators hint at overbought levels in Europe and the U.S., though are less of a worry in developing countries. Market breadth looks ...

Read More »

Barclays : Promises Increased Returns Amid Activist Struggle — Earnings Review

Barclays PLC (BARC.LN) reported its fourth-quarter and 2018 results on Thursday. Here’s what we watched: REVENUE: Net operating income matched analysts’ expectations of 19.67 billion pounds ($25.50 billion), rising from GBP18.74 billion. PROFIT: Barclays’ pretax profit of GBP3.49 billion missed analysts’ expectations of GBP3.66 billion. However, stripping out litigation-and-conduct charges, profit rose 20% to GBP5.7 billion. WHAT WE WATCHED: -INVESTMENT BANK: While the investment bank reported largely flat quarterly revenue across its divisions, analysts at Jefferies noted Barclays outperformed its U.S. peers in its fixed-income, currencies and commodities unit. That ...

Read More »

China’s central bank to keep yuan stable, maintain prudent monetary policy

China’s central bank said on Thursday that it will keep its yuan currency stable and maintain its prudent monetary policy to ensure financial stability in the world’s second-largest economy. The People’s Bank of China (PBOC), the central bank, will also fend off any systemic risks by using multiple monetary policy tools, it said in its fourth-quarter implementation report. The central bank also said it would encourage financial institutions to support small private enterprises as part of wider government efforts to avoid a sharp slowdown in economic growth. Source: Reuters (Reporting ...

Read More »

Global Stocks Pause for Breath After Recent Climb

Global stocks paused after a recent run of gains Thursday, a day after minutes from the Federal Reserve’s meeting signaled uncertainty about the strength of the economy and officials took a wait-and-see attitude to future interest-rate increases. In Europe, the pan-continental Stoxx Europe 600 fell 0.1% in opening trade, dragged down by 1% fall in its basic resources sector. The U.K.’s FTSE 100 notched the region’s sharpest decline, falling 0.5%, with energy provider Centrica slumping 11% after it reported earnings. Minutes from the Federal Reserve’s January meeting released Wednesday showed ...

Read More »

US-China trade hopes extend equity surge; central banks supportive

World stocks hit a four-month high on Wednesday on hopes of progress in trade talks between the United States and China, with a dovish backdrop at major central banks also helping push markets back into the black. U.S. President Donald Trump said negotiations with China were going well and suggested he was open to extending the deadline to complete them beyond March 1. Up to now, it was assumed U.S. tariffs on $200 billion (£153 billion) worth of Chinese imports would rise to 25 percent from 10 percent if no ...

Read More »

Investors Dive Back Into Italy Even as Recession Bites

Italy has been one of the biggest beneficiaries of this year’s global market resurgence, a surprise given the unease swirling around the southern European nation and its battered banks. The Italian economy slipped into recession in the last quarter of 2018. Analysts say the governing coalition of the anti-immigration League party and the antiestablishment 5 Star Movement may not survive the year, offering the potential for further politically inspired volatility. Yet the benchmark FTSE MIB stock index is among the best performing in Europe, up 11% this year. And offers ...

Read More »

Global Stocks Rise as White House Signals Flexibility on Trade Talks

Global stocks rose on Wednesday, as the White House continued to soften its position on trade with China. In Europe, the pan-continental Stoxx Europe 600 index climbed 0.2% in the opening minutes of trading, buoyed by its basic-resources sector after Glencore released its corporate earnings for 2018. Shares in the mining giant were up 2.4% after the company said it would cap its coal production and confirmed The Wall Street Journal’s reports that it plans to curb production at one of its biggest copper and cobalt mining operations in Congo. ...

Read More »

Global Stocks Waver as Trade Talks Resume

Global stocks were mixed on Tuesday as U.S.-China trade talks continued and investors awaited commentary from the Federal Reserve later in the week. In Europe, the Stoxx Europe 600 was down 0.1% in morning trading. In Asia, Japan’s Nikkei ticked up 0.1%, Hong Kong’s Hang Seng Index fell 0.4% and the Shanghai Stock Exchange gained 0.1%. Futures pointed to a broadly flat opening for U.S. indexes after a market holiday on Monday. Investors will be watching closely as U.S. and Chinese negotiators meet in Washington this week, with President Trump’s ...

Read More »

World stocks lifted to 2-1/2 month highs by trade optimism

Hopes of progress in Sino-U.S. trade talks and expectations of policy stimulus from central banks lifted world stocks to 2-1/2 month highs on Monday, though European gains were dampened by concerns over the car sector’s outlook. MSCI’s All-Country World Index rose 0.3 percent after Japan’s Nikkei closed up 1.8 percent at its highest level of the year and MSCI’s index of Asian equities rose almost 1 percent. Shanghai blue chips surged 2.7 percent to their highest finish in more than six months. Wall Street futures suggested that U.S. stocks would ...

Read More »

Global Stocks Edge Up as U.S.-China Trade Talks Progress

Global stocks edged up Monday as renewed hopes for a trade deal between the U.S. and China helped boost sentiment. The Stoxx Europe 600 rose 0.2% in early morning trade, driven higher by banking and mining stocks. Markets rallied across Asia, with Hong Kong’s Hang Seng adding 1.6%. U.S. markets were closed for the Presidents Day holiday. Dow Jones Industrial Average futures added 0.1%. The Dow last week notched its eighth consecutive weekly gain, the longest winning streak since November 2017. Trade tensions between the world’s two biggest economies have ...

Read More »

Recent Videos

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