Edition:
International

Thyagaraju Adinarayan

Investors rush to tech, off reflation train - BofA survey

Jul 13 2021

LONDON Investors jumped off the reflation trade train, cut inflation expectations and rushed back to technology stocks on signs that global economies were in either mid- or late cycle, BofA's July fund manager survey showed on Tuesday.

Wise valued at $11 billion in record London direct listing

Jul 07 2021

LONDON (Reuters) -Shares of financial technology company Wise ended 10% up on their first day of trading on Wednesday in London's largest ever tech listing that could pave the way for other firms looking to go public without the help of underwriters.

China crackdown on tech and overseas-listed shares prompts sell-off of Didi, others

Jul 06 2021

HONG KONG/NEW YORK Didi Global Inc shares fell as much as 25% in early U.S. trading on Tuesday in the first session since Chinese regulators ordered the company's app to be taken down days after its $4.4 billion listing on the New York Stock Exchange. | Video

UPDATE 6-China tech crackdown drives plunge in Didi Global

Jul 06 2021

HONG KONG/NEW YORK, July 6 Didi Global Inc shares fell as much as 25% in early U.S. trading on Tuesday in the first session since Chinese regulators ordered the company's app to be taken down days after its $4.4 billion listing on the New York Stock Exchange.

Retail traders account for 10% of U.S. stock trading volume - Morgan Stanley

Jun 30 2021

LONDON (Reuters) -Retail investors currently account for roughly 10% of daily trading volume on the Russell 3000, the broadest U.S. stocks index, after peaking at 15% in September as lockdown boredom and extra savings triggered interest in stock markets, Morgan Stanley said on Wednesday.

U.S. inflation likely to remain elevated for up to four years - BofA

Jun 25 2021

LONDON BofA expects U.S. inflation to remain elevated for two to four years, against a rising perception of it being transitory, and said that only a financial market crash would prevent central banks from tightening policy in the next six months.

Crypto is 'rat poison', a third of mainstream investment firms tell JPM

Jun 23 2021

LONDON Only 10% of institutional investment firms surveyed by JPMorgan trade cryptocurrencies, with nearly half labeling the emerging asset class as "rat poison" or predicting it would be a temporary fad.

UPDATE 1-Swiss stocks score best winning streak in 33 years

Jun 18 2021

LONDON, June 18 Switzerland's blue-chip stock index has established the longest winning streak in its 33-year history, after having risen every single day so far in June, as investors loaded up on drugmakers and other defensive stocks.

Swiss stocks score best winning streak in 33 years

Jun 18 2021

LONDON, June 18 Switzerland's blue-chip stock index has established the longest winning streak in its 33-year history, after having risen every single day so far in June, as investors loaded up on drugmakers and other defensive stocks.

GLOBAL MARKETS-Markets near record highs as Fed kicks off two-day policy meeting

Jun 15 2021

June 15 Investors worldwide kept stocks close to record highs Tuesday, as they bet the U.S. Federal Reserve will resist a significant policy shift in the face of transitory inflation.

World News