Stocks desk
Verified stocks headlines with concise NewsMatic briefs and direct attribution to the original publisher.
Follow this desk via RSSEd Yardeni, one of the biggest stock bulls on Wall Street, is slashing his year-end forecast for the S&P 500 Index a month after raising it, citing increasing risks of a downturn in the next three to six months.
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The Indian central bank’s refusal to relax listing rules for Tata Group’s holding company delivered an outcome long sought by the conglomerate’s biggest minority shareholder, though the road to going public is far from smooth.
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Turkish stocks tumbled on Wednesday as an asset manager’s failure to meet redemption requests fueled concern about broader liquidity stress in the country’s fund industry.
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The Lusaka Securities Exchange will introduce its first-ever exchange-traded fund before the end of October, giving Zambian investors exposure to gold.
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European shares snapped two days of losses as a bond selloff and oil prices eased ahead of the Federal Reserve’s interest-rate decision later on Wednesday.
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The Hong Kong stock exchange is considering launching its first-ever bond index before the end of the year, according to people familiar with the matter, as the Asian financial center bets that the benchmark would boost trading activity in the world’s largest offshore yuan market.
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Copper edged higher as US stocks and bonds found relief ahead of the Federal Reserve’s decision later Wednesday on whether to raise interest rates.
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US stocks and Treasuries are finding relief after days of selling as traders wait for the Federal Reserve to deliver an expected interest-rate hike that will help ease fears that inflation may spiral.
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