Asia stocks boosted by tech rally, Fed rate cut wagers
SINGAPORE: Asian shares rose to a one-month high on Wednesday, buoyed by a rally in tech stocks, while the dollar…
Markets
S&P 500, Nasdaq hit record closing highs ahead of data, Fed comments
THE S&P 500 and Nasdaq scored record closing highs on Monday as technology shares rallied on enthusiasm over artificial intelligence…
Goldman Sachs raises S&P 500 target to 5,600
NEW YORK: Goldman Sachs has raised its 2024 year-end target for the S&P 500 Index to 5,600 from 5,200 earlier,…
UBS sees bond spreads widening slightly
NEW YORK: US corporate bond spreads may widen modestly from current levels by the end of the year, but generally…
FBM KLCI reverses early gains to end at intraday low
KUALA LUMPUR: The FBM KLCI pared its gains and settled in negative territory on Tuesday, following a long weekend, as…
US mops up a third of global capital since Covid
NEW YORK: In the face of calls around the world to diversify out of the dollar in recent years, the…
Arbitrage trade backfires as TSMC frenzy grows
Taipei: The long-favoured arbitrage strategy of buying Taiwan Semiconductor Manufacturing Co’s (TSMC) Taipei shares while shorting its US listing is…
Paris loses crown as Europe’s biggest stock market to London
PARIS: France’s political upheaval has led the country to lose its spot as Europe’s biggest equity market, less than two…
Bursa average daily value on upward trajectory
PETALING JAYA: With the average daily value (ADV) of the local equity market having exceeded expectations, UOB Kay Hian (UOBKH)…