• Mar 18, 2025

Foreign Funds Pile Into Indian Debt Even as They Dump Stocks

(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Most Read from BloombergWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressNYC Plans for Flood Protection Without Federal FundsA Malibu Model for Residents on the Fire FrontlinesDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleGlobal funds are set to boost their holdings of Indian bonds in March by the most in six

  • Mar 18, 2025

Stock market today: Wall Street rises ahead of Fed announcement

U.S. stock indexes are rising Wednesday as Wall Street waits to hear what the Federal Reserve will say in the afternoon about where interest rates may be heading. The S&P 500 was up 0.7% in morning trading. The relatively quiet trading is a respite following weeks of sharp and scary swings for the U.S. stock market.

  • Mar 18, 2025

Morgan Stanley Closes Controversial Sell Call on SK Hynix Stock

(Bloomberg) -- Morgan Stanley analysts upgraded SK Hynix Inc. to equal-weight form underweight, saying they mistimed their downgrade last September as the stock has since rallied on optimism about the company’s prospects in supplying cutting-edge memory chips. Most Read from BloombergThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressNYC Plans for Flood Protection Without Federal FundsA Malibu Model for Residents on the Fire FrontlinesDespite

  • Mar 18, 2025

Indonesia Woes Spread as Bank Scraps Bond, Credit Market Slumps

(Bloomberg) -- An Indonesian state-owned lender scrapped a planned sale of dollar bonds after a stock market rout in the country quickly spread to other asset classes.Most Read from BloombergThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressNYC Plans for Flood Protection Without Federal FundsA Malibu Model for Residents on the Fire FrontlinesDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StylePT Bank Tabungan Negara pulled its of

  • Mar 18, 2025

BofA Warns of Chinese Stock Correction ‘Soon’ in 2015 Repeat

(Bloomberg) -- China’s stock rally may face a “meaningful correction soon” given its similarities with the 2015 boom and bust cycle, according to strategists at BofA securities. Most Read from BloombergThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressNYC Plans for Flood Protection Without Federal FundsA Malibu Model for Residents on the Fire FrontlinesDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleThe Hang Seng China Enterp

  • Mar 18, 2025

Gold prices hold steady as investors eye U.S. Fed verdict

Gold prices were little changed on Wednesday, after touching a fresh record level earlier in the day on continued safe-haven demand, as investors awaited the U.S. Federal Reserve's interest rate decision due later in the day. Spot gold fell 0.1% to $3,030.13 an ounce, as of 09:35 a.m. ET (1335 GMT). "There are concerns that tariffs could spark inflation, and there's a consensus that despite rising prices from U.S. tariffs, the Federal Reserve might start easing policy around mid-year," said Bart Melek, head of commodity strategies at TD Securities.

  • Mar 18, 2025

Wall St gains ahead of Fed decision; dollar firms as Turkish lira slides

NEW YORK (Reuters) -U.S. stocks advanced and bitcoin rebounded on Wednesday as markets awaited the rate decision from the U.S. Federal Reserve, which could provide insight regarding the state of the economy and the central bank's next monetary policy moves. Megacap tech-related momentum stocks rebounded in a risk-on revival that put the Nasdaq out front, strengthened the dollar and put gold on the defensive. Turkey detained President Tayyip Erdogan's main political rival in what the main opposition party called "a coup against our next president," battering Turkish stocks and sending the lira plunging as much as 14.5% against the dollar before it pared those losses.