Analysis: Indices

Dow hits all-time high in broader market rally

The Dow Jones Industrial Average scaled an intraday record high on Friday, playing catch-up with two other main U.S. indexes in recent broad-based market gains. The blue-chip 30-stock...

Nasdaq short interest down 1.8% in late June

Short interest on the Nasdaq fell 1.8% in the second half of June, the exchange said on Wednesday. As of June 28, short interest fell to about 14.197 billion shares, compared with 14.462...

OPEC sticks to 2024 oil demand view, sees strong travel season

OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2024, predicting robust fuel use in the summer months. The Organization of the Petroleum...

TSX futures climb after Powell's testimony boosts rate-cut bets

Futures linked to Canada's main stock index rose on Wednesday, lifted by gains in oil and precious metal prices, while Federal Reserve Chair Jerome Powell acknowledging in his testimony that inflation...

S&P 500's tech dominance sparks calls for portfolio diversification

The gap in returns between the S&P 500 and the index's equal-weighted counterpart is at its widest in 15 years, underscoring the need to diversify beyond AI heavyweights such as Nvidia. ...

Oil companies in Texas restoring operations following hurricane Beryl

Oil and gas companies in Texas were restarting operations on Tuesday after Hurricane Beryl lashed the state with 80-mph winds, damaging property and leaving millions of people without power. ...

Morgan Stanley's Wilson says a 10% fall in S&P 500 by US election is 'highly likely'

A decline of 10% in the benchmark S&P 500 stock index before the U.S. presidential election in November is highly likely, Morgan Stanley Chief Investment Officer Mike Wilson said in an interview on...

Weekly market update: Towards a Fed rate cut

Despite a short week on Wall Street due to the celebration of Independence Day on Thursday, the major US indices continued their record-breaking run, while the latest macroeconomic data seem to argue...

Asia stocks hit 27-month top, dollar slips on rate cut talk

Asia stocks hit 27-month highs on Thursday as softer U.S. data narrowed the odds on a September rate cut there, boosting bonds and commodities while dragging on the dollar. A holiday in...

UK investors buy record $14.5 billion of stocks this year, Calastone says

British investors added a record 11.4 billion pounds into equity funds over the first six months of 2024, as the prospect of further central bank interest rate cuts fuelled demand for riskier assets,...

Oil prices inch up on large US crude stock draw

Oil prices edged higher in early Asian trade on Wednesday after industry data showed a bigger-than-expected draw in U.S. crude stockpiles, boosting hopes of solid fuel demand during the summer driving...

Indices: CAC relaxes, Merval soars

After three weeks of political uncertainty in France, the markets seem satisfied with the absence of an apparent absolute majority. In Europe, the northern countries have outperformed since the start...

Hedge funds dump tech stocks at fastest pace since 2016, bank shows

Global hedge funds in June sold U.S. shares of technology, media and telecommunications companies at the fastest pace since 2016, mainly driven by semiconductor stocks, Goldman Sachs said in note. ...

MORNING BID ASIA-US yields bite, China enjoys rare surprise

A look at the day ahead in Asian markets. Asia lagged what was a pretty solid start to the new quarter for global stocks on Monday, and the steep rise in U.S. Treasury yields suggests it...

Court weighs postponing Citgo auction bid hearing to September

A U.S. court has been asked to postpone to September 19 a hearing to present the high bid in an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, according to a motion filed...

Analysis-Election and Fed risks loom for US stocks after strong first half of 2024

As U.S. stocks lock in a solid first half, investors are speculating whether political uncertainty, potential Federal Reserve policy shifts and big tech's market dominance could make the rest of 2024...

MORNING BID ASIA-Tokyo inflation, scores on the first half doors

A look at the day ahead in Asian markets. A mood of caution hangs over Asian markets on Friday, the last trading day of the quarter and half-way point in the year, with...

MORNING BID ASIA-Inflation scares and yen bears

A look at the day ahead in Asian markets. Inflation scares in Canada and Australia this week are a reminder that the global monetary easing cycle expected to broaden out and accelerate...

Exclusive-Codelco copper output falls behind target in May, document shows

Chile's state mining giant Codelco, one of the world's largest copper producers, fell further behind its production target in May, an internal document obtained by Reuters showed, underscoring the...