equity
Top StoriesWith Big Bets on Musk, These Funds May Have a Tesla Problem in ’23
Top StoriesGe HealthCare Rises 8% in Market Debut, Eyes Small Deals
Top StoriesStellantis to Build U.S. Firm Archer’s Air Taxi, up Stake
Top StoriesStocks, Bonds Extend Rally on Hopes Rate Hikes Ease
Stocks Fall, Treasury Yields Rise Upon Final 2022 Trading Day
Date: December 30, 2022
By Sinéad Carew and Carolyn Cohn NEW YORK, LONDON (Reuters) – Wall Street equity indexes lost ground on Friday, the last trading day of 2022, while Treasury yields were gaining and oil futures were up slightly as investors braced for a myriad of worries for 2023 with economic growth and the U.S. Federal Reserve rate...
Dksh Sells Its 25% Stake in Swiss Luxury Watchmaker Bovet
Date: December 30, 2022
ZURICH (Reuters) – DKSH will sell its 25% stake in Swiss luxury watchmaker Bovet to Pascal Raffy, the company said in a statement on Friday. The transaction makes Raffy, which already owns 75% of Bovet, the watchmaker’s sole owner. “The transaction does not materially affect DKSH’s profit and loss statement,” the company said. (Reporting...
European Shares End Higher on China Recovery Optimism
Date: December 29, 2022
By Bansari Mayur Kamdar and Shreyashi Sanyal (Reuters) -European shares closed a touch higher on Tuesday as China relaxing its COVID-19 curbs more raised hopes of a recovery in the world’s second-largest economy. The pan-European STOXX 600 index gained 0.1%, kicking off a holiday-shortened week in the black. China on Monday said it would drop...
Global Shares Muted as Investors Fret Over China Reopening
Date: December 28, 2022
By Naomi Rovnick and Ankur Banerjee SINGAPORE, LONDON (Reuters) -Global equities traded sideways on Wednesday after enthusiasm about China lifting COVID restrictions was tempered by rising infections and investors’ gloomy outlook for Western economies. MSCI’s broadest index of global stocks was flat as investors stayed on the sidelines at the end of a brutal year...
China-Exposed Miners, Banks Push UK’s FTSE 100 Higher
Date: December 28, 2022
By Johann M Cherian (Reuters) -UK’s export-focused FTSE 100 advanced on Wednesday, led by banks and miners, as top metals’ consumer China took additional measures to reopen the economy. The large-cap FTSE 100 rose 0.7%, while the mid-cap FTSE 250 <.FTMC> added 0.2%, as of 0941 GMT. Miners climbed 1.2%, tracking copper prices that rose...
Asian Shares Muted as Investors Fret Over China Reopening
Date: December 28, 2022
By Ankur Banerjee SINGAPORE (Reuters) – Asian equities swung between losses and gains in choppy trading on Wednesday as investors looked for direction after China took further steps towards reopening its COVID-battered economy, with worries over an economic slowdown weighing on sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.12%, having slid...