Chinese Stock Rally Risks Fizzling Unless Tech Delivers Earnings
The bounceback in Chinese stocks from their multi-year lows risks running out of steam unless the nation’s tech giants can deliver on their earnings next week.
The bounceback in Chinese stocks from their multi-year lows risks running out of steam unless the nation’s tech giants can deliver on their earnings next week.
The Riksbank cut its benchmark interest rate for the first time in eight years, acting before the neighboring euro zone in a bid to offer respite to Sweden’s recession-stricken economy.
Alstom SA shares soared after the troubled train maker outlined a capital increase of about €1 billion ($1.1 billion) to shore up its balance sheet after project delays and ongoing struggles from the acquisition of a Canadian rival.
European stocks ticked higher on a clutch of strong company reports as traders sought firm evidence of an earnings recovery before taking this month’s rally further. The dollar gained.
United Overseas Bank Ltd. first-quarter profit came in above estimates even as its outlook was overshadowed by stronger projections at larger rival DBS Group Holdings Ltd.
{{ video.ContentPackages[0].ScheduleStartDateTime | fromNow }}
{{ currentStream.Desc }}