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Stock Market News

(Bloomberg) -- Chinese stocks listed in Hong Kong rebounded in the final hour of trading as the nation’s top leaders vowed to ease monetary policy and expand fiscal spending. Most Read from BloombergA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitThe Hang Seng China Enterprises Index reversed a small drop to end the day 3.1% higher, it’s bigg

Chinese stocks, yuan stage late rebound on Politburo pledges

(Bloomberg) -- Chinese stocks listed in Hong Kong rebounded in the final hour of trading as the nation’s top leaders vowed to ease monetary policy and expand fiscal spending. Most Read from BloombergA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitThe Hang Seng China Enterprises Index reversed a small drop to end the day 3.1% higher, it’s bigg
Bloomberg 42 minutes ago
Can China's zero-tariff market access boost African economic fortunes?

Can China's zero-tariff market access boost African economic fortunes?

Thirty-three of Africa's "least-developed countries" (LDCs) are now able to export goods duty free into Chinese markets, but the policy is unlikely to have a significant impact since large commodities such as oil and minerals are already exported to China, according to a new analysis. The zero-tariff policy took effect this month, fulfilling a pledge made by Chinese President Xi Jinping at the Forum on China-Africa Cooperation (FOCAC) summit in September. The export policy is based on a 2003 sch
South China Morning Post 43 minutes ago
China’s Shift Boosts Stocks Amid Political Risks: Markets Wrap

China’s Shift Boosts Stocks Amid Political Risks: Markets Wrap

(Bloomberg) -- A shift in China’s monetary stance provided a welcome boost for markets at the start of a week set to be dominated by political upheaval from the Middle East to South Korea and France, as well interest-rate decisions from major central banks.Most Read from BloombergA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitChina’s top lea
Bloomberg 45 minutes ago
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Free Mobile Plan for Shareholders Spurs 7% Jump in Rakuten Stock

Free Mobile Plan for Shareholders Spurs 7% Jump in Rakuten Stock

(Bloomberg) -- Rakuten Group Inc. shares surged on Monday after the Japanese e-commerce company announced that it would offer one-year free mobile plans for shareholders. Most Read from BloombergA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitThe 6.7% advance in the stock, its biggest in three months, takes Rakuten’s gains to about 39% since
Bloomberg 1 hour ago
RKUNY
Options Giant Optiver Bets Japan’s Market Is About to Boom

Options Giant Optiver Bets Japan’s Market Is About to Boom

(Bloomberg) -- Optiver is expanding its derivatives empire in Japan, where it aims to boost a single-stock options market that has so far been virtually non-existent.Most Read from BloombergA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitThe speed trader, which has been dealing index contracts in the nation since 2008, in September started pr
Bloomberg 2 hours ago
South Korean Stocks, Won Slump as Political Crisis Deepens

South Korean Stocks, Won Slump as Political Crisis Deepens

(Bloomberg) -- South Korean stocks tumbled and the won approached its weakest level since 2009 following a weekend of political turmoil that left investors bracing for a period of heightened volatility. Most Read from BloombergA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitThe benchmark Kospi Index dropped 2.8%, and the small-cap Kosdaq Inde
Bloomberg 3 hours ago
Yuan, Euro Slump Points to Losses for Emerging-Market Currencies

Yuan, Euro Slump Points to Losses for Emerging-Market Currencies

(Bloomberg) -- Losses in the Chinese yuan and the euro have picked up in recent months, and that is worsening the outlook for emerging-market currencies in Asia and Europe.Most Read from BloombergA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitThat’s because the yuan and euro play a role as “currency anchors” for their smaller peers, helping
Bloomberg 3 hours ago
Oppenheimer’s Stoltzfus New Top S&P 500 Bull With 7,100 Target

Oppenheimer’s Stoltzfus New Top S&P 500 Bull With 7,100 Target

(Bloomberg) -- The S&P 500 will extend its record-setting rally to 7,100 by the end of next year amid a strong economy, according to Oppenheimer Asset Management, whose outlook is now the most bullish among peers.Most Read from BloombergA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitFundamentals “suggest the current resilience of the economy
Bloomberg 3 hours ago
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Analysis-Strong momentum makes it hard to bet against ‘freight train’ US stock rally

Analysis-Strong momentum makes it hard to bet against ‘freight train’ US stock rally

A relentless rally in U.S. stocks is showing few signs of slowing into year-end, even as rising valuations and signs of excessive speculation fuel worries that a pullback may be overdue. The S&P 500 notched its 57th record close of the year on Friday and is up nearly 28% in 2024, driven by a robust U.S. economy, expectations of lower interest rates and excitement over the tax cuts and deregulation promised by President-elect Donald Trump. The S&P 500 has gone over 13 months without straying 10% or more from its record high, the longest such streak in nearly three years.
Reuters 4 hours ago
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Dollar jittery as market looks to CPI data, while Australian, NZ currencies rise on China

Dollar jittery as market looks to CPI data, while Australian, NZ currencies rise on China

SINGAPORE/LONDON (Reuters) -The euro held firm in wobbly trading against the dollar on Monday as investors awaited U.S. inflation data later this week, while the Australian and New Zealand dollars rallied after China announced a monetary policy shift. While markets have priced in a quarter-point rate cut by the Federal Reserve next week as a near certainty, investors are waiting for U.S. consumer price data on Wednesday. "The move higher in unemployment that we saw in November, that really just cements the case for a 25-basis point cut next Wednesday," said Michael Brown, senior research strategist at Pepperstone.
Reuters 4 hours ago
UBS CEO Warns Markets Risk Being Rattled by Tariffs, Politics

UBS CEO Warns Markets Risk Being Rattled by Tariffs, Politics

(Bloomberg) -- The incoming US administration’s potential move to raise tariffs on trading partners could combine with conflicts around the globe to increase risk in financial markets next year, according to the chief executive of UBS Group AG. Most Read from BloombergA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With Microtransit“The acceleration of geopol
Bloomberg 4 hours ago
UBS