Tag Archives: steady

(Bloomberg) — U.S. equities rose and government bonds held around the lowest level since March as investors assessed data that showed consumer prices rose more than forecast last month. The S&P 500 was trading around its all-time high as all the main American equity indexes advanced. The tech-heavy Nasdaq 100 was headed toward its highest level since late April as megacap technology stocks rallied. The 10-year Treasury yield eased back below 1.5% following an initial surge in the wake of the… Source link

Bloomberg Inside the Race to Avert Disaster at China’s Biggest ‘Bad Bank’ (Bloomberg) — It was past 9 p.m. on Financial Street in Beijing by the time the figure inside Huarong Tower there picked up an inkbrush and, with practiced strokes, began to set characters to paper.Another trying workday was ending for Wang Zhanfeng, corporate chairman, Chinese Communist Party functionary—and, less happily, replacement for a man who very recently had been executed.On this April night, Wang was… Source link

Stock futures traded slightly higher Monday evening after falling during the regular session, with technology stocks underperforming and dragging the Nasdaq lower as inflation concerns persisted.  Contracts on the S&P 500 opened a tick above the flat line, after the index posted its first decline in three days during Monday’s regular trading day. Dow and Nasdaq futures also opened in the green.  Technology stocks renewed a run of underperformance after a brief rebound late last week, with… Source link

(Bloomberg) — European stocks were little changed on Monday as gains in automakers offset declines in energy shares, while Asian equities were mixed amid a spike in Covid-19 cases. The Stoxx Europe 600 Index traded modestly lower, with Ryanair Holdings Plc among the gainers after the airline pointed to a strong recovery in the second half. Stocks in Asia were mixed, as shares in Taiwan fell as the country raced to contain its worst outbreak of the coronavirus. U.S. equity futures slipped… Source link

Bloomberg U.S. Pushes Vaccine Waiver; Japan’s Emergency: Virus Update (Bloomberg) — U.S. support for a waiver of patent protections for vaccines is heading to the World Trade Organization, with the European Union and China signaling a willingness to take part in the negotiations.India reported its highest-ever daily tally of 412,262 new virus cases and also a record 3,980 deaths. Indian drugmakers warned that a halt on some cargo flights from China could disrupt the global pharmaceutical… Source link

Stocks fell Monday, with the S&P 500 and Dow retreating from record levels.  The Dow dropped about 130 points, or 0.4%, after the index rallied to an all-time high of more than 34,000 last week. The S&P 500 also dipped below the index’s record high, and the Nasdaq edged lower. The 10-year Treasury yield rose to top 1.6%. Bitcoin (BTC-USD) prices added more than 3% Monday morning in New York, recovering some losses after plunging swiftly over the weekend. Bitcoin sank as much as 15% on Sunday,… Source link

(Bloomberg) — U.S. futures were steady, while stocks advanced, as traders turned their attention to earnings reports from companies including JPMorgan Chase & Co. and Goldman Sachs Group Inc. Treasury yields rose. European equities got a boost from positive updates by LVMH and SAP SE, while some of the biggest U.S. banks are due to release results later on Wednesday. Most Asian stocks climbed, although shares dipped in Japan amid concerns about the slow vaccine rollout. Discovery Inc…. Source link

(Bloomberg) — Futures followed stocks lower Monday as investors braced for a flood of earnings amid doubts about an uneven economic recovery. U.S. equity futures slipped across the board following a third straight week of gains and fresh records for the S&P 500 Index. In Europe, retailers and travel companies led declines on the Stoxx Europe 600 Index. The yield on 10-year Treasuries steadied before a round of auctions that will be widely watched for their potential to extend the rate surge… Source link

TipRanks Analysts Say These 3 Stocks Are Their Top Picks for 2021 Remember back in February, when we were worried about a market correction? Back when the NASDAQ dipped 10% from its peak… Yeah, well, never mind about that. Markets are up, up, up lately. A strong jobs report last Friday has helped, showing 916,000 new positions in March, the best print since last August, and almost a quarter-million higher than expectations. Rising markets make it a good time to look at the ‘top picks’… Source link

TipRanks 3 Big Dividend Stocks Yielding at Least 8%; Wells Fargo Says ‘Buy’ With the Georgia election behind us, and the Trump Administration on the way out, the near- to mid-term political landscape is growing clearer: The Biden Administration will be able to cater to its progressive base, now that it rests on majorities – however thin – in both Houses of Congress. Predictability is good for the markets, and we’re likely to have that, at least until 2022. Which makes this the time… Source link