Analysis: Indices

Chile copper miner Codelco struggles to lift output off 25-year low hit in 2023

SANTIAGO, July 11 - Copper output at Chile state mining giant Codelco is still slumping after hitting a 25-year low last year, squeezing an already tight global market for the red metal...

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...

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. ...

Low prices, pay delays drive Ghana cocoa farmers to smugglers

Low prices and payment delays are pushing Ghana's cocoa farmers to sell to increasingly sophisticated smuggling rings, siphoning off production from border areas and raising doubt over next season's...

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...

Asian stocks draw robust foreign inflows on US rate outlook, tech rally

Foreign investors channelled massive money into Asian equities in June, after two months of selling, as easing U.S. price pressures raised hopes that the Federal Reserve would cut interest rates this...

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...

Wall Street wants drama-free presidential debate, watching comportment as much as policy

Investors watching the first live debate of the 2024 election race on Thursday hope to hear U.S. President Joe Biden and his predecessor Donald Trump argue thoughtful positions on fiscal policy,...