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U.S. Stocks Resume Rally to Record on Growth Bets

U.S. equities headed for alltime highs amid solid corporate earnings and confidence that the Federal Reserve will remain accommodative even as robust growth takes the worlds largest economy back to prepandemic levels. The SP 500 rose after notching its first weekly decline since midMarch. Most of the main 11 industry groups gained, with energy shares […]
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Hemnet Shares jump 50 in Stockholm Stock Market Debut

STOCKHOLM, April 27 Reuters Shares of Swedish real estate web portal Hemnet, backed by U.S. private equity firm General Atlantic, rose 50 on its debut on Nasdaq Stockholm on Tuesday. The shares, trading at 165 Swedish crowns at 0852, were priced at 115 crowns. They touched a high of 172.48 crowns. The offering comprised of […]
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Stock Futures are Flat ahead of a Big Earnings Week

Futures contracts tied to the major U.S. stock indexes were mostly flat early Monday as investors braced for one of the busiest weeks of the firstquarter earnings season. Contracts linked to the Dow and the SP 500 hovered around the flatline. Nasdaq 100 futures traded marginally lower. Tesla shares were slightly lower in premarket trading […]
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10year Treasury Yields will Break Out of Slump Within Weeks

The 10year Treasury Note yield may be on the verge of breaking out of its slump. After stabilizing over the past several weeks, Wells Fargo Securities Michael Schumacher predicts the current risk backdrop will reenergize yields in the coming weeks. He lists the Federal Reserves high level of comfortableness surrounding rising inflation, the massive amount […]
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Singapores Top Banks could see Boost in Share Prices

Singapores three largest banks are expected to report improved earnings as the global economy recovers from the Covid19 pandemic, said analysts. The banks are scheduled to release firstquarter earnings in the coming days. The largest of the trio, DBS Group Holdings, will be the first to do so on Friday, while smaller peers United Overseas […]
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AUD, NZD Weaken ahead of U.S. Central Bank Meeting

SYDNEY, April 27 Reuters The Australian and New Zealand dollars fell against the greenback on Tuesday, as caution reined in markets ahead of the Federal Reserves monetary policy meeting on Wednesday. The Australian dollar was last down 0.21 at 0.7784, partially offsetting gains of half a cent in the previous days session, which were underpinned […]
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London Stock Exchange CEO Pay Hike Faces Shareholder Vote

LONDON, April 27 Reuters London Stock Exchange Group shareholders should reject a 25 pay rise for CEO David Schwimmer because of higherthanexpected costs for integrating the 27 billion acquisition of Refinitiv, a shareholder advisory service said. The exchange holds its annual shareholder meeting on Wednesday and reports quarterly earnings. Institutional Shareholder Services ISS said concerns […]
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Tesla edges past Wall Street revenue target, boosted by regulatory credits, China demand

April 26 Reuters Tesla Inc marginally beat Wall Street expectations for firstquarter revenue on Monday boosted by record deliveries, robust demand from China and environmental credit sales. Tesla posted record deliveries in the first quarter despite a global chip shortage that has slammed auto sector rivals. Model Y production in China has spurred demand there. […]
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