India Stocks Hit Record, Rupee Gains as Polls Predict Modi Win (Bloomberg) – Yahoo Finance
(Bloomberg) — In India, exit polls showing a landslide victory for Prime Minister Narendra Modi’s ruling party sent a wave of enthusiasm across markets, sending stocks soaring to record highs and boosting the rupee and government bonds. Most read articles on Bloomberg The NSE Nifty 50 index rose 3.6% after most polls showed the Bharatiya […]
Currencies tread cautiously after US inflation report, focus on ECB – Yahoo Finance
Ankur Banerjee SINGAPORE (Reuters) – Currency markets started the week cautiously, with the dollar slightly lower on Monday after data released last week showed U.S. inflation stabilised in April, leaving open the possibility that the Federal Reserve could cut interest rates this year. The dollar recorded its first monthly decline this year in May, weighed […]
Asian Stocks Eye Early Gains as Rate Cut Bets Firm: Markets Wrap – Yahoo Finance
(Bloomberg) — Asian stocks rose on Monday as a weak reading of the Federal Reserve’s preferred inflation gauge spurred hopes of an interest rate cut. Most read articles on Bloomberg Australian, Japanese and Hong Kong shares rose, while Indian stock futures surged after exit polls showed a landslide victory for Prime Minister Narendra Modi’s party. […]
Indexes are a mixed bag as investors weigh inflation data – Yahoo Finance
Abigail Somerville NEW YORK (Reuters) – The S&P 500 and Nasdaq indexes fell to start the week on Friday, snapping a five-week winning streak, as investors digested an inflation report and waited to determine when the Federal Reserve would start cutting interest rates. The Dow Jones Industrial Average rose that day. The technology sector was […]
Largest ETF Outflows in Over a Year a Warning For China's Stock Rally – Yahoo Finance
(Bloomberg) — Investors pulled money out of China exchange-traded funds in May for the first time in 15 months, raising questions about the strength of the recent stock market rebound. Most read articles on Bloomberg Shanghai and Shenzhen stock ETFs saw a combined $4.2 billion in outflows in the month through Monday, more than investors […]
Costco’s new chief finance officer confirms $1.50 hot dog price ‘is safe’
Costco shoppers will be happy with this news. The wholesale retailer’s popular $1.50 hot dog combo will continue to be sold at that rock-bottom price, at least for now, Costco’s new chief financial officer confirmed Thursday. “We want to make sure that the price of a $1.50 hot dog is safe,” CFO Gary Millerchip said, […]
European Futures Slip as High Yields Sour Mood: Markets Wrap (Bloomberg) – Yahoo Finance
(Bloomberg) — European stocks are set to follow selling pressure from Asia as U.S. Treasury yields hover near this year’s highs, keeping risk sentiment in check. Most read articles on Bloomberg Euro Stoxx 50 futures fell 0.4% and U.S. stock futures also fell. The MSCI Asia Pacific Index fell to its lowest in three weeks, […]
Stocks Slide With Bonds After US Yield Spike: Markets Wrap – Yahoo Finance
(Bloomberg) — Stocks fell and bond prices slid, following an overnight sell-off in U.S. Treasuries after a weak bond auction and hawkish comments from the Federal Reserve chairman. Most read articles on Bloomberg Europe’s Stoxx 600 index fell 0.6%, and futures pointed to a similar decline on Wall Street. UK 10-year government bond yields rose […]
Wall Street mixed after holiday as markets await inflation data – Yahoo Finance
Abigail Somerville NEW YORK (Reuters) – The Nasdaq Composite Index topped 17,000 points for the first time on Tuesday, buoyed by a rise in Nvidia shares, while the S&P 500 closed modestly higher and the Dow Jones Industrial Average closed lower on rising Treasury yields. Nvidia rose 7% and other semiconductor stocks also rose as […]
Nasdaq closes above 17000; S&P 500 slightly higher, Dow down – Yahoo Finance
Abigail Somerville NEW YORK (Reuters) – The Nasdaq Composite Index topped 17,000 points for the first time on Tuesday, buoyed by a rise in Nvidia shares, while the S&P 500 closed modestly higher and the Dow Jones Industrial Average closed lower on rising Treasury yields. Nvidia rose 7% and other semiconductor stocks also rose as […]