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,…
Markets
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)…
Notion VTec gets UMA query on sharp rise in share price
KUALA LUMPUR: Notion VTec Bhd has received an unusual market activity (UMA) query from Bursa Malaysia Securities today due to…
Asia shares muted on mixed China data, euro pressure
SINGAPORE: Asian share markets were mostly softer on Monday as mixed Chinese economic news underlined the country's bumpy recovery, while…