Asian shares were mixed in listless trading Tuesday after U.S. stocks finished mostly lower as cause for optimism, such as the Suez Canal reopening, mixed with caution about the vaccine rollout
Asian shares were mixed early Tuesday as global investors shook off worries about a hedge fund default that roiled global banking stocks overnight, while rekindled concerns about inflation pushed bond yields higher.
Asian shares were mixed early Tuesday as global investors shook off worries about a hedge fund default that roiled global banking stocks overnight, while rekindled concerns about inflation pushed bond yields higher. Wall Street pared earlier losses driven by the banking sector on fears that issues with a defaulting hedge fund could spread throughout the banking sector. In Asia, the MSCI's broadest index of Asia-Pacific shares outside Japan was marginally higher by 0.08% in early in the se
Bill Hwang’s comeback was nearly complete. Once punished by U.S. and Asian regulators for stock trading rule violations at his former hedge fund, the New York investor rebuilt his fortune to about $10 billion. Hwang was making big money again, inspired by a renewed Christian faith.
* Discovery Inc, ViacomCBS, U.S.-listed shares of Baidu and VIPShop, all linked to Archegos, were lower, extending recent losses.
Shares ofNomuracontinued to see losses in Tuesday trade as they declined more than 2%. The firm's stock tumbled more than 16% on Monday.
Asian shares were set to open higher on Tuesday as investors shook off earlier worries about a hedge fund default that roiled global banking stocks overnight, while rekindled concerns about inflation pushed bond yields higher.
U.S. stock index futures advanced during overnight trading on Monday.
Asian shares were set to open higher on Tuesday as investors shook off earlier worries about a hedge fund default that roiled global banking stocks overnight, while rekindled concerns about inflation pushed bond yields higher. The firmer tone in Asia comes as Wall Street pared earlier losses driven by the banking sector on fears that issues with a defaulting hedge fund could spread throughout the banking sector. Nomura and Credit Suisse are facing billions of dollars in losses and regulatory s
Block trades initiated by Goldman Sachs and Morgan Stanley were triggered after Archegos failed to meet margin calls.
(Bloomberg) -- Asia stocks are set to open firmer after U.S. equities bounced off session lows, with rapid progress in the U.S. vaccine rollout overshadowing the risk of further fallout from recent block sales. The dollar and oil rose, along with Treasury yields.Futures pointed higher in Japan, Australia and Hong Kong. S&P 500 Index futures opened higher in Asia after President Joe Biden’s announcement that 90% of adults will be eligible for the Covid-19 vaccine next month, and the D
U.S. stock indexes closed mostly lower Monday, pulling the S&P 500 slightly below the all-time high it set last week, while nudging the Dow Jones Industrial Average to another record high.
Benchmark live cattle futures on the Chicago Mercantile Exchange climbed to a contract high on Monday, led by firming wholesale beef prices as the summer grilling season approaches with the U.S. economy seems poised to rebound from the coronavirus pandemic, traders said.
* Brazilian brokers said producers in the world's largest grower were again active sellers in the market after the country's currency weakened to the lowest level in 20 days.
The UK's vaccine supplies will not be shared with other countries until all British adults have been offered a jab, Downing Street has suggested. This morning Northern Ireland's First Minister Arlene Foster said the UK should "share it with our nearest neighbours out of neighbourliness" as well as the "very practical reason" that people are crossing the border from the Republic, where supplies are limited. Any surplus coronavirus vaccines in the UK should be offered
The dollar climbed to a four-month peak on Monday in choppy trading, with the euro languishing below $1.18 and commodity currencies falling, as the currency drew some safe-haven bids on concerns about the potential fallout of a hedge fund's default on margin calls.
A gauge of global equities fell on Monday after Nomura and Credit Suisse warned of billions of dollars in losses from an unnamed U.S. hedge fund's default, while crude prices slid as container traffic in the Suez Canal resumed.
(New throughout, adds comments, updates prices) * Markets eye Biden's infrastructure spending plan on Wednesday * Dollar firms near multi-month peak * Palladium fell as much as 6% in the session * Russia's Nornickel halts water inflow at two major mines By Shreyansi Singh...
World shares held up on Monday as optimism about the economic recovery and hopes that the Suez Canal could be reopened soon offset uncertainty related to the default of a U.S. hedge fund.
(Adds details, updates prices) * Markets eye Biden's infrastructure spending plans on Wednesday * Dollar firms near multi-month peak * Palladium fell as much as 4.4% in the session * Russia's Nornickel halts water inflow at two major mines By Brijesh Patel March 29 (Reuters...
The ongoing media debate on State Bank of Pakistan’s (SBP’s) autonomy lacks professional argument/ debate. Most...
Bank of Japan Governor Haruhiko Kuroda said the central bank will continue to buy exchange-traded funds (ETF) as needed with a close eye on market developments even after the coronavirus pandemic subsides, the Asahi newspaper reported on Tuesday.
The debate over "overheating" the economy has become ... overheated.
The Bank of Japan's policy review in March has made it easier for the central bank to deepen negative interest rates to combat any yen spike that threatens a fragile economic recovery, a former executive said on Monday.
The Federal Reserve is "a long way from raising interest rates at this point," Fed Governor Christopher Waller said on Monday, in remarks that put him among the core of U.S. central bank officials ready to leave support for the economy in place until the recovery from the...
The Federal Reserve won't bend its interest rate or bond-buying policies to help finance the federal government's rising deficits, Christopher Waller said on Monday in his debut speech as a member of the U.S. central bank's board of governors.
Credit conditions in Brazil improved in February, central bank figures showed on Monday, as a broad measure of consumer and business default ratios held steady at a decade-low, bank lending spreads narrowed, and credit growth rose.
Bank of England rate-setter Gertjan Vlieghe said Britain's economy will still need help from the central bank to restore it to its pre-pandemic growth path, even with a fast recovery and some inflation this year.
The Bank of Japan's policy review in March has made it easier for the central bank to deepen negative interest rates to combat any yen spike that threatens a fragile economic recovery, a former executive said on Monday. As part of a review of its policy tools announced earlier this month, the BOJ created a scheme that pays up to 0.2% interest to financial institutions that tap its loan programmes. The move was aimed at easing the strain prolonged ultra-low interest rates had inflicted on
President Tayyip Erdogan's decision to oust Turkey's central bank chief entrenches his unorthodox view that high rates cause inflation and came shockingly early in Naci Agbal's stint as governor, a top Fitch Ratings official told Reuters.
Some Bank of Japan (BOJ) policymakers saw early bright spots in the pandemic-hit economy even as they debated steps to make the bank's ultra-loose monetary policy more sustainable, a summary of opinions voiced at the March rate review showed on Monday. At the March meeting, the BOJ decided on a range of steps to make its policy tools sustainable enough to weather a prolonged battle to cushion the economic blow from COVID-19, and fire up inflation to its perennially elusive 2% target.
KARACHI: Pakistan Stock Exchange Monday closed in deep red with heavy losses due to panic selling on investor...
Sundial Growers Inc. (SNDL) closed at $1.12 in the latest trading session, marking a -0.88% move from the prior day.
Amid the broader momentum observed in oil stocks, Trefis believes that Magellan Midstream Partners (NYSE: MMP) has room for more growth due to relatively flat operating profit margin, negligible property impairments, strong cash generation, a single-digit decline in transportation volumes, and re...
Investors saw some downwards pressure on the indices to kick off Monday. But Q.ai's deep learning algorithms have crunched the numbers to bring you today's top short plays.
Amid see-sawing markets, Q.ai's Artificial Intelligence has brought you today's top buys.
Between the news surrounding Archegos Capital and the crucial Suez Canal, there's always something spooking investors. But, until more economic data is released, Q.ai's deep learning algorithms have rated this week's trending stocks.
The Dallas Fed said manufacturing expanded at "amarkedly faster pace, with its manufacturing index rocketing to the highest reading in its 17-year history. | Economy
The indices slipped lower from the start of the day, as the benchmark KSE 100 index lost 1,206.20 pts to an intraday low of 44,315.43. It ended with a loss of 1,089.83 pts at 44,431.80 below the 45,000 mark.
A look at equities with price momentum in both directions
The S&P 500 index touched a record high on Friday for the 15th time this year, but stock market futures are pointing to a much more muted start to the...
Semis stocks have rallied, but Piper Sandler's Craig Johnson says the charts suggest trouble ahead.
Now, Bitcoin trades above $55,000 following a modest downside correction from its weekend top of $56,640 (data from Coinbase).
The stocks making the biggest moves in premarket trading include Goldman Sachs, Credit Suisse, Nomura, and more.
(Bloomberg) -- GameStop Corp. is ending the week close to where it started, after an earnings-related selloff was quickly reversed, with retail investors refusing to let go of their commitment to the stock.Investors were quick to get over GameStop’s 12th consecutive quarter of slowing sales and management’s decision to not take questions on its earnings call on Tuesday, despite warnings from most Wall Street analysts. More than $6.4 billion in market value was whipsawed from Monday
Check out the stocks making the biggest moves on Friday.
Shares of Victorias Secrets owner surged more than 6 percent on Friday after the company raised its financial outlook for the second time in two weeks.
Dow and S&P 500 futures added to Thursday's late-session comeback, which saw Wall Street break a two-day losing streak.
The stocks making the biggest moves in premarket trading include MSG Entertainment, BowX Acquisition, Root Inc., and more.
Momo announced better-than-expected 4Q results. However, shares of the mobile social networking platform operator in China fell 4.1% as the company expects the COVID-19 pandemic to continue to negatively impact its top-line in 1Q. Momo’s (MOMO) 4Q non-GAAP net income per American Depositary Share (ADS) of $0.58 topped consensus estimates of $0.41. However, the bottom-line result marked a year-over-year decline of 28.4%. Revenues of $581.6 million came in ahead of Street estimates of $564.
Wedbush analyst Michael Pachter’s latest assessment of GameStop (GME) is something of a double-edged sword. Following the headline-hogging game retailer’s latest quarterly results, the analyst was full of praise for the company’s top brass. “GameStop has navigated an exceedingly difficult competitive environment and has managed to reduce its net debt from a balance of over $100 million to a net cash surplus of over $200 million in less than two years,” Pachter
The company that runs the Olive Garden chain is raising pay for its workers and handing out one-time bonuses, a sign of optimism from the kind of casual sit-down restaurant that has been devastated by the pandemic
Check out the companies making headlines in midday trading.
Energy companies spent the first quarter of 2021 recharging from a draining year. Wall...
The stocks making the biggest moves in premarket trading include Rite Aid, Coherent, RH, Nike, and more.