LONDON—Shares rose on Friday, buoyed by stellar corporate earnings results, but strong oil prices and stalling car sales in Europe were a reminder of headwinds for the world economy. The STOXX index of 600 European shares was up 0.2 percent at three-week highs. Britain’s FTSE 100 also gained 0.2 percent, the UK blue-chip index having…
Investors Park Inflation Fears to Renew Bets on Stocks
October 15, 2021
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World Shares Mixed as Investors Await US Inflation Figures
October 13, 2021
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World shares were mixed on Wednesday as investors awaited the release of U.S. inflation data and upcoming corporate earnings. Stocks fell in Paris, London, Tokyo, and Sydney but rose in Shanghai and Frankfurt. Prices for oil and other energy have surged recently along with costs of other commodities. Shortages of semiconductors have meanwhile slowed output…
Pandora Papers Leak Reveals Vast Riches of a Religious Order Tainted by Sex Scandal
By Spencer Woodman From Miami Herald MIAMI—In January, Carlos Lomena, a truck driver in Plantation who lost his job during the coronavirus pandemic, begged a judge to stop his landlord from evicting him. The 37-year-old Lomena hoped to get a fair shake in court. He’d emigrated from Venezuela after high school with a sense that…
Global Money Market Funds Attract Big Inflows on Inflation Concerns: Lipper
Global money market funds saw huge inflows in the week to Oct. 6, as investors favored safety amid concerns over higher inflation, supply shortages, and distress in the China property sector. According to data from Lipper, investors purchased a net $13.95 billion in global money market funds in the week, compared with net selling of…
Investors Pile Into Cash and TIPS in Week to Wednesday: BofA
October 8, 2021
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LONDON—Investors ploughed $14.9 billion into cash in the week to Wednesday and snapped up $1.8 billion of inflation protected U.S. Treasuries as markets suffered a major sell off, a round-up by BofA on flow number based on EPFR data showed on Friday. Fixed income markets attracted the smallest weekly inflow since March at $3.9 billion…
Wall Street Ends With Solid Gains; Investors Hail US Debt-Ceiling Truce
October 8, 2021
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Wall Street ended sharply higher on Thursday in a broad-based rally led by Big Tech, as a truce in the debt-ceiling standoff in the U.S. Congress relieved concerns of a possible government debt default this month. Mega-cap stocks jumped with Apple Inc. up 0.9 percent and Amazon.com Inc. rising 1.2 percent, the biggest boosts to…
Investors Eye Big Tech as Stock Market Wobbles
October 5, 2021
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NEW YORK—Technology stocks are bearing the brunt of a recent market selloff, putting a spotlight on how an extended downturn in the sector could weigh on broader equity indexes. After Monday’s sharp drop, the S&P 500 technology sector is down 6.7 percent since the overall S&P 500 closed at a record on Sept. 2, compared…
China Evergrande Makes 10 Percent Payment to Wealth Management Products Investors
Troubled China Evergrande issued a small portion of repayment of wealth management product (WMP) to investors, the developer announced on Sept.30. The notice, posted on its website, said the wealth management unit has paid a first installment of 10 percent toward its wealth management products (WMPs) that are due by the end of September. It…
Indexes Close up More Than 1 Percent as Investors Assess Fed News
September 24, 2021
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U.S. stocks gained more than 1 percent on Thursday as investors appeared relieved about the Federal Reserve’s stance on tapering stimulus and raising interest rates. Upbeat outlooks from Accenture and Salesforce helped to bolster the market, while the U.S. Food and Drug Administration late Wednesday authorized a booster dose of the Pfizer-BioNTech COVID-19 vaccine for…
Investors Watch US Companies’ Record Profit Margins as Costs Rise Further
September 23, 2021
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NEW YORK—U.S. companies have retained strong profit margins through the pandemic because they have cut costs and passed along high prices to customers. The question is: How long can this go on? With inflation still strong, the ability for companies to keep margins at record levels is being closely watched by some investors and strategists…
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