Bloomberg Business -Spanish election turmoil: No clear winner emerged from yesterday’s Spanish government election. Current prime minister Mariano Rajoy, as leader of the largest party following the vote, will get the first chance to form a government, but with insufficient seats to form a majority (even under a coalition with fourth-place Ciudadanos), it is likely....
Bloomberg Business -Oil: WTI for February delivery increased as much as 42 cents to $36.56 a barrel on the New York Mercantile Exchange and was at $36.46 as of 10:55 a.m. London time. In recent days, the spread between WTI and Brent has closed to almost zero while options traders bet on oil falling to....
Bloomberg Business -China stops rout: China’s CSI 300 Index closed 0.3 percent higher after falls of more than 2 percent were erased in a late-session rally. According to people familiar with the matter, state-controlled funds bought equities and the securities regulator signaled that a selling ban for major investors which was due to expire this....
Bloomberg Business -Oil: WTI futures in New York slid 1.9 percent to $32.50 a barrel while contracts on Brent crude dropped 2.2 percent to $32.80 at 10:43 a.m. London time. Morgan Stanley has warned that a rapid appreciation of the U.S. dollar may send Brent crude as low as $20 a barrel. Saudi Arabia, which....
Bloomberg Business -Rebound: The MSCI Asia-Pacific Index jumped by the most in four weeks, led by gains in Japan and Hong Kong while the Europe Stoxx 600 was trading 1.4 percent higher at 11:00 a.m. London time. U.S. index futures indicate the equity rebound will extend to a third day with contracts on the S&P....
Bloomberg News -Stocks fall: Equity markets across the globe are tumbling, with Japanese stocks plunging into a bear market, Chinese equities in Hong Kong falling to their worst level since 2007, emerging market stocks sinking to the lowest in six years, and European stocks reaching a 13-month low. U.S. futures are also in retreat. -Bonds....
Bloomberg Business -Global stock rebound: Mario Draghi promised further easing in March. China’s Vice President Li Yuanchao vowed to ‘look after’ stock market investors. Stocks have reacted very positively with Japanese shares surging by the most in four months, Chinese markets closing higher and European stocks rallying. U.S. futures are also indicating a higher open.....
Bloomberg Business -China stocks slammed: The Shanghai Composite Index plunged 6.4 percent to 2,749.79 at the close. Huang Weimin, a hedge fund manager whose Chinese stock-index futures wagers returned more than 6,200 percent last year, has warned investors should sell their shares now, before it’s too late. To add to China’s woes, discrepancies between its....
Bloomberg Business -Fed reaction: Emerging markets advanced in the aftermath of yesterday’s Fed statement which acknowledged global risks, reassuring investors that the pace of rate hikes could be slow. The Europe Stoxx 600 was 0.5 percent lower at 10:55 a.m. in London following worse than expected earnings from companies and a report from the European....
Bloomberg Business -Iowa: Hillary Clinton emerged victorious in the closest ever Iowa Democratic caucus, with her 49.9 percent to Bernie Sander’s 49.5 percent enough to ensure a win even with one precinct left to report. On the Republican side, there were two surprises: that U.S. Senator Ted Cruz won ahead of Donald Trump and that....
Bloomberg Business -Credit Suisse plunge: Shares in Credit Suisse Group AG dropped to their lowest level since 1991 after the bank posted a loss of 5.8 billion Swiss francs ($5.8 billion) as it wrote off goodwill and set aside provisions for litigation. Chief Executive Officer Tidjane Thiam has said the global markets and investment banking....
Bloomberg Business -Stocks tumble: Stocks in Europe have tumbled to their lowest since 2014 this morning with the Stoxx 600 down 2.2 percent at 10:55 a.m. London time, heading for its sixth day of declines. The MSCI Emerging Markets Index fell 0.5 percent overnight in Asia amid light trading as the Chinese Lunar Holiday begins,....
Bloomberg Business -Deutsche Bank surges: Deutsche Bank AG shares jumped as much as 15 percent this morning and were trading 13.5 percent higher at 11:05 a.m. London time, leading a surge in European bank shares that sees every bank on the Euro Stoxx Bank Index trading higher. Deutsche Bank is considering a bond buyback to....
Bloomberg Business -Markets recover: The Stoxx Europe 600 Index rose 1.7 percent at 10:50 a.m. in London as bank shares rebounded, led by Commerzbank AG which was trading 16.6 percent higher at 10:55 a.m. London time. Deutsche Bank, which has been at the center of the market storm, is up over 9 percent. Oil rebounded....
Bloomberg Business -Stocks rally again: European stocks are higher this morning, with the Stoxx Europe 600 Index 1.8 percent higher at 10:46 a.m. London time. French bank Credit Agricole SA jumped more than 12 percent after it announced it would sell stakes in French regional banks to shore up capital and pay a cash dividend.....