There’s an Opportunity Brewing in These 2 Construction Stocks, Says UBS
  • November 12, 2024

There’s an Opportunity Brewing in These 2 Construction Stocks, Says UBS

The election is behind us, and we’re looking ahead. A new Trump Administration will take office in January, and a few things are starting to become clearer. On the economy, Trump has already expressed a preference for raising tariffs – especially on Chinese goods – while also reducing income taxes and promoting a deregulation regime. These policies will push in multiple directions, so it may take some time to see exactly where things will go. Most likely, neither the best nor worst cases will co

Chinese stocks, yuan fall as Trump's cabinet picks add to woes
  • November 12, 2024

Chinese stocks, yuan fall as Trump's cabinet picks add to woes

(Bloomberg) -- Chinese stocks and the yuan slumped as fears of worsening Sino-American tensions further undermined investor confidence after a slew of disappointing economic developments. Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationThe Hang Seng China Enterprises Index tumbl

Citi Sees Post-Election Stock Rally Stalling on Profit Taking
  • November 12, 2024

Citi Sees Post-Election Stock Rally Stalling on Profit Taking

(Bloomberg) -- The post-election rally in US stocks could run out of steam as investors start to take profits, according to strategists at Citigroup Inc.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationInvestors added to bullish bets last week, pushing exposure to the S&P 500 to

Stock market today: Asian shares mostly decline, shrugging off Wall Street's rally
  • November 12, 2024

Stock market today: Asian shares mostly decline, shrugging off Wall Street's rally

Asian shares mostly fell Tuesday, despite a rally on Wall Street in stocks seen as benefiting the most from Donald Trump’s reelection as U.S. president. Japan's benchmark Nikkei 225 reversed early gains to decline 0.6% in afternoon trading to 39,289.14, weighed down by uncertainty about how Trump's policies, including tariffs, may affect local industries. Chinese tech stocks have been declining lately, while investors also have their eyes on upcoming earnings reports out of China.

SoftBank Swings to Profit on Help From Hot Indian IPO Market
  • November 12, 2024

SoftBank Swings to Profit on Help From Hot Indian IPO Market

(Bloomberg) -- SoftBank Group Corp. swung to its biggest quarterly profit in two years on a series of successful Indian listings, giving its founder Masayoshi Son more ammunition for his next bet.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationThe Tokyo-based company earned a ne

Stocks Fall on Concern Over Trump Tariffs, Cabinet: Markets Wrap
  • November 12, 2024

Stocks Fall on Concern Over Trump Tariffs, Cabinet: Markets Wrap

(Bloomberg) -- Asian shares dropped with European and US equity futures as traders weighed the impact of president-elect Donald Trump’s policy agenda and the make-up of his cabinet. Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationThe MSCI Asia Pacific Index slipped for a third d

Weak Government in Japan May Help Retail Stocks, Utilities, Tech
  • November 12, 2024

Weak Government in Japan May Help Retail Stocks, Utilities, Tech

(Bloomberg) -- The newfound influence of opposition lawmakers in Japan has investors looking for gains in the shares of retailers and electricity generators.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationThat’s due to expectations that Prime Minister Shigeru Ishiba may cut taxe

Bayer cuts FY operating profit outlook on weak agriculture markets
  • November 12, 2024

Bayer cuts FY operating profit outlook on weak agriculture markets

Bayer on Tuesday lowered its full-year operating earnings guidance and took billions in write-downs on agricultural markets in Latin America, becoming the latest maker of farming supplies to be burdened further by low demand. The German group said it now expects to generate earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for special items and the impact of currency swings, of between 10.4 billion euros ($11.1 billion) and 10.7 billion euros, down from a previous forecast of 10.7-11.3 billion euros.