Bloomberg US futures fluctuated, struggling for direction as investors weighed corporate earnings and recent spikes in virus cases. A weaker dollar boosted oil, while government bond yields climbed. Contracts on the S&P 500 turned lower on Tuesday, while those on the Nasdaq 100 held a modest gain. A seventh-straight session ...
Read More »IBM shares jump on biggest revenue growth since 2018
Bloomberg International Business Machines Corp. (IBM) shares jumped in extended trading after the company reported its biggest revenue gain in eleven quarters, driven by demand for cloud services and suggesting Chief Executive Officer Arvind Krishna’s turnaround plan is starting to bear fruit. Sales increased 1% to $17.7 billion in the ...
Read More »Europe stocks advance as futures drift; dollar drops
Bloomberg European stocks were steady while US equity futures drifted lower on Monday as investors looked for fresh catalysts to push global shares beyond record highs. The dollar slid. The Stoxx Europe 600 Index advanced to a fresh record following a seventh straight week of gains. Nasdaq 100 futures got ...
Read More »Crypto stock mania tested by sliding prices, slump in Bitcoin
Bloomberg A drop in cryptocurrency-linked stocks in the wake of Bitcoin’s slide and Coinbase Global Inc’s choppy debut is stirring a rallying cry from optimists who reject fears that the sector has peaked. A global, Bloomberg-curated basket of equities linked to crypto trading or Bitcoin mining fall some 9% over ...
Read More »Bets against Treasuries start to pinch in tough week for bears
Bloomberg Investors betting against Treasuries — or even just hiding out in cash waiting for lower prices — just suffered a rough week, even after a robust slate of economic figures showed the rebound from the pandemic is gaining steam. The debate over the long-term outlook for the $21 trillion ...
Read More »China’s internet stocks face more pain, top global investors say
Bloomberg After a historic antitrust crackdown on China’s biggest tech companies last week, investors are betting there is more pain ahead. GAM Investments, BNP Paribas Asset Management and JP Morgan Asset Management Inc. see more regulatory tightening in China’s clampdown on monopolistic practices, putting pressure on the country’s leading internet ...
Read More »Stocks surge, US futures steady before earnings
Bloomberg Stocks rise and US futures were steady as traders turned their attention to earnings reports from companies including JPMorgan Chase & Co. and Goldman Sachs Group Inc. European equities edged higher on mixed results, with LVMH climbing on better-than-forecast revenue, while Barclays Plc and Tesco Plc slipped. Most Asian ...
Read More »‘Make or break’ call on inflation stumps global investors
Bloomberg Bond veteran Greg Wilensky has seen hype about a surge in inflation crushed too many times to get carried away with this year’s great reflation trade. “I’ve been managing bond portfolios for 25 years, through very large monetary programs, big deficits, and the Fed trying to raise inflation expectations,” ...
Read More »Bond yields climb as US futures steady before CPI
Bloomberg Bond yields climbed and US futures steadied as traders awaited inflation data, a Treasury auction and corporate earnings to assess the market outlook. Bitcoin hit a record. The yield on the 10-year US benchmark headed back toward 1.7%, with rates across Europe rising in sympathy. Gains in European shares ...
Read More »Liquidity-obsessed China stock traders snub upbeat earnings
Bloomberg Stock investors in China are ignoring a spate of recent bullish earnings as worries about further liquidity tightening continue to weigh on market sentiment. A 1200% jump in Tesla Inc-supplier Sichuan Yahua Industrial Group Co’s first-quarter earnings guidance was followed by a slump of as much as 7.7% in ...
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