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(Bloomberg) — A renewed wave of dip buying sent stocks and bonds higher, following a slide triggered by an unexpected pickup in US inflation. Coming soon: Sign up for Hong Kong Edition to get an insider’s guide to the money and people shaking up the Asian finance hub. As investors awaited the next few economic…
Wall Street notched a milestone, with the S&P 500 topping 5,000 amid a renewed rally in big tech and hopes the Federal Reserve will soon be able to cut rates
Futures contracts for Hong Kong’s Hang Seng Index fell, indicating a third daily decline for the index, which has faced volatile trading this week as China attempts to stem the country’s equity market slump. Prior efforts to arrest market declines, notably in 2015, may not work this time around, investors warn.
(Bloomberg) -- Global markets were treading water on Friday before the release of US inflation data that could shift the narrative of the Federal Reserve’s fight against inflation. The US is expected to release its annual revisions to its consumer price index at 8:30 a.m. New York time. Last year, the update was significant enough to cast doubt on overall inflation progress and traders were speculating again that the recalculations might sway views over when the Federal Reserve will cut interest rates. “This could have important implications for the Fed,” wrote analysts at Rabobank in a ...
(Bloomberg) -- European futures slipped, as investors remained cautious ahead of US inflation data and Asia settled into holiday mode for the Lunar New Year. US stock-index futures inched lower. The MSCI Asia Pacific Index fell 0.2%, though was still on track for its third weekly gain amid a flurry of stimulus announcements as China attempted to stem an equity market slump. Hong Kong’s Hang Seng Index and a measure of Chinese equities in Hong Kong dropped ahead of early closures, though both gauges are higher for the week thanks to a big gain on Tuesday on optimism around state support. “W...