(Bloomberg) Dip buyers drove a rebound in stocks after an earlier bout of selling pushed the Nasdaq 100 down 10% from a record. All major groups in the S&P 500 advanced, while the tech-heavy gauge climbed more than 1.5% as giants Amazon.com Inc. and Apple Inc. erased their losses. Robinhood Markets Inc., the trading platform behind the boom-and-bust swing in GameStop Corp.’s shares, has chosen the Nasdaq for its eventual initial public offering, according to a news report. Earlier Friday, equities retreated as U.S. jobs data topped estimates, fueling anxiety the economy could run too hot and kick up inflation. Benchmark 10-year yields stabilized after hitting 1.6%. Friday’s turnaround in financial markets wiped out the S&P 500’s drop for the week. The intense volatility of the past few days was a test to stock bulls who see the recent spike in Treasury yields as an indication of brighter prospects for the economy and corporate profits. While concern over equity valuations have
5 March 2021 | 08:40am
StockMarketWire.com - UK markets have been rattled following remarks made by US Federal Reserve chairman Jerome Powell yesterday (4 March), after he said that the central bank would be patient with higher inflation, which was likely to be a one-off effect .
At 08.20am, the FTSE 100 was down 1.1% at 6,578.82, while the FTSE 250 was 1% lower at 21,086.19.
UK bourse operator London Stock Exchange has tumbled 3.8% to £91.28 after it reported an increase in annual profit on higher revenue in its information services and post-trade clearing business.
For the year ended 31 December, pre-tax profit increased to £685 million as revenue rose 3% to £2,124 million.
Component manufacturer Essentra has gained 1.3% to 305.2p after it proposed resuming dividend payments, with a full-year 2020 final dividend of 3.3p per share amid recovering performance.
5 March 2021 | 12:00pm
StockMarketWire.com - The FTSE 100 was back in positive territory by lunchtime helped by oil price driven strength in the energy sector and a slump in sterling. At midday the index was up 0.4% to 6,675.18.
US futures pointed to a flat open on Wall Street, after yesterday s heavy selling, with the monthly US jobs report in focus.
UK bourse operator London Stock Exchange has tumbled 9.4% to £86.00 after it reported an increase in annual profit on higher revenue in its information services and post-trade clearing business.
For the year ended 31 December, pre-tax profit increased to £685 million as revenue rose 3% to £2,124 million.
SINGAPORE: Singapore Exchange Ltd is exploring mergers and acquisitions to drive its ambitions as a multi-asset exchange.
The bourse has operations in place across asset classes and now will concentrate on bolstering them, chief executive officer Loh Boon Chye said in an interview on Wednesday.
That means seeking deals that bulk up the foreign exchange, fixed income, data and capital markets connectivity businesses. SGX had previously set a goal to have the fixed income, currencies and commodities segment, along with data, connectivity and indices, account for 50% of revenue by about 2025.
It may reach that goal before the initial target date, he said.