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  • Nov 29, 2024

The vintage year for US stock markets that few people expected

(Bloomberg) -- A year ago, equity investors and strategists braced for a potential turbulent 2024, worrying about the risk of a hard landing for the US economy and interest rates cuts that could come too late to prevent it. Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasFast forward to now: 2024 is set to enter Wall Street’s hall of fame of bull yea

  • Nov 29, 2024

Oil Drifts Lower in Thin Trading on Cease-Fire, OPEC+ Delay

(Bloomberg) -- Oil drifted lower in thin post-holiday trading on uncertainty about OPEC+’s production plans and the durability of a truce between Israel and Lebanon-based Hezbollah.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesBrent shed 1.3% to settle below $72 a barrel. A cease-fire deal that halted more than a year of fighting between Israel and Hezbollah appeared to be holding, despite both

  • Nov 29, 2024

Oil settles down as ease of supply risks drives weekly loss

NEW YORK (Reuters) -Oil prices edged lower on Friday and posted a weekly decline of more than 3%, pressured by easing concern over supply risks from the Israel-Hezbollah conflict and the prospect of increased supply in 2025 even as OPEC+ is expected to extend output cuts. Brent crude fell 34 cents, or 0.46%, to settle at $72.94 a barrel.

  • Nov 29, 2024

Enanta Pharmaceuticals’ Reduced Reporting: Potential Impact on Investor Appeal and Stock Volatility

Enanta Pharmaceuticals (ENTA) has disclosed a new risk, in the Share Price & Shareholder Rights category. Enanta Pharmaceuticals, as a smaller reporting company under the Exchange Act, may opt to utilize reduced reporting and disclosure obligations, potentially impacting investor appeal and the market activity of its common stock. These exemptions include limited executive compensation disclosures and a requirement of only two years of audited financial statements, which may lead to heightened s

  • Nov 29, 2024

S&P 500, Dow Rally To Record Highs, Dollar Snaps 8-Week Streak, Bitcoin Soars Above $97,000: What's Driving Markets Friday?

Risk-on sentiment gained momentum on Wall Street after the Thanksgiving holiday, fueled by investor optimism over fourth-quarter profit forecasts for U.S. corporations, lifting both the S&P 500 and Dow Jones to fresh record highs. The S&P 500 broke past the 6,040-point mark on Friday and closed at 6,032, extending its year-to-date gains to an impressive 27%. If the year ended on Friday, the broader U.S. stock market would have surged by a staggering 57% over the last two years, representing the

  • Nov 29, 2024

India’s IT Stocks Stand Out as Trump Win Boosts Spending Bets

(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 BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasLarge Indian IT service providers’ stocks are poised for a further run-up after a recent rally, bucking the weak sentiment in other sectors as Donald

  • Nov 28, 2024

Colombia 12-month inflation through November seen at 5.13%: Reuters poll

Colombian inflation in November is forecast to have hit 0.20% versus the same month a year ago, mostly due to changing food prices, according to a Reuters poll published on Friday, which also saw year-end expectations decline. If the median estimate is met, consumer price increases in November would come in below the 0.47% acceleration seen in the same month of 2023. "We expect a rebound in food inflation, after the deflation that the sector showed in previous months," Colombian bank Bancolombia said in a note.

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