by Tyler Durden
Monday, Apr 19, 2021 - 08:01 AM
US equity futures slipped from record highs, European stocks held steady at the start of a new week and Chinese stocks soared the most in five weeks, as investors awaited a fresh round of corporate earnings with global shares sitting at record highs. The dollar slid following the crypto rout over the weekend. Gold rose and oil was flat.
At 07:30 a.m. ET, Dow E-minis were down 81points, or 0.24%, S&P 500 E-minis were down 10.75 points, or 0.26%, and Nasdaq 100 E-minis were down 46points, or 0.3% after briefly rising above Friday’s close during the European morning. Notable movers included Activision Blizzard and PayPal which fell in premarket trading. Tesla slid 1.6% following a deadly crash involving a 2019 Model S that no one appeared to be driving. IBM and United Airlines are due to report.
China Stocks gain on foreign inflow business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Thursday, Apr 15, 2021 - 09:50 PM
By Ling Huawei, managing editor of Caixin Media and Caixin Weekly. Originally published in Caixin,
After
China Huarong Asset Management Co. Ltd. on March 31 decided to suspend its share trading the next day, the market became awash in rumors that the company, one of the country’s four largest bad-asset managers, would be forced into restructuring or might even go bankrupt (as we discussed in This Is A Fatal Event : China s Bond Market Hammered After Huarong Bankruptcy Rumors).
The rumors spooked many institutional investors, sending the company’s
bonds tumbling. Huarong, a product of China’s reform of state-owned banks at the end of last century, has once again found itself at the center of a
China s bad loan managers face growing pressure on core business bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.