Analysis: Indices

Hedge funds still cautious on U.S. stocks going into fragile September

LONDON -Hedge funds remain hesitant about buying U.S. stocks at the outset of what is often a dour month for markets, even with a potential U.S. rate cut on the horizon, after becoming net sellers in...

Nestle investors face more turbulence after another CEO ousted

STORY: Nestle investors were pitched back into choppy waters on Tuesday. The Swiss food giant ousted its CEO Laurent Freixe over an affair he had with a subordinate. The...

China's stock margin financing hits record high as investors chase rally

HONG KONG -China's outstanding margin financing has reached a new record high of 2.29 trillion yuan , surpassing the previous peak set a decade ago, as investors ramp up leveraged bets to join a...

Glencore plans job cuts at South African ferrochrome and vanadium operations

JOHANNESBURG -Glencore said on Monday that a retrenchment process has been initiated at its joint-venture Rustenburg ferrochrome smelter and vanadium operations in South Africa as significant...

Are you ready for the worst month of the year?

It's back-to-school again, it's raining, and September is historically the worst month of the year for the stockmarket. With the S&P 500 breaking through the 6,500-point mark last week and several...

In Mexican border town, thousands of jobs lost due to Trump tariffs

CIUDAD JUAREZ, Mexico -For 11 years, Fabiola Galicia worked her way up the ranks at a factory that produced decorative ribbons in Ciudad Juarez, just across the border from El Paso, Texas. Starting...

South African factory mood sours in August, Absa PMI shows

JOHANNESBURG -South African manufacturing sentiment deteriorated in August after a short-lived improvement in July, as activity remained subdued and both domestic and export demand were sluggish, a...

South Africa says technical work on changing inflation target draws to a close

JOHANNESBURG -South Africa's finance ministry and central bank said in a joint statement on Monday that technical work on whether to change the country's inflation target was drawing to a close. ...

India's top court dismisses challenge to government rollout of 20% ethanol-blended fuel

NEW DELHI -India's top court on Monday dismissed a petition challenging the government's move to roll out 20% ethanol-blended fuel in vehicles across the country. In 2021 India set a...

US equity funds draw only subdued inflows on Fed independence risk

U.S. equity funds drew only marginal inflows in the week through August 27 as risks to the Federal Reserve's independence kept investor demand in check after President Donald Trump attempted to fire...

India's ONGC to keep buying Russian oil if prices economical, chair says

NEW DELHI -Indian explorer Oil and Natural Gas Corporation said on Friday its refining units will continue to buy Russian oil if available at economical prices. There is no sanctions...

US core PCE firms slightly but matches expectations

NEW YORK -The U.S. Commerce Department said on Friday its Personal Consumption Expenditures Price Index rose 0.2% in July, versus the unrevised 0.3% rise in June and matched the estimate of...

Global equity fund inflows ease on worries over Fed independence

Global equity funds witnessed a dip in demand in the week through August 27 on concerns around the Federal Reserve's independence as President Donald Trump attempted to fire a Federal Reserve...

Affirm shares soar on rising BNPL demand as income growth slows

Affirm Holdings shares surged 18% as an upbeat annual forecast for gross merchandise value highlighted U.S. customers' increasing use of buy now, pay later services, at a time when analysts have...

South Korea prosecutors seek 15-year jail term for Kakao founder Kim

SEOUL -South Korean prosecutors requested on Friday a 15-year jail term for local tech giant Kakao founder Kim Beom-su, also known as Brian Kim, on stock manipulation charges, said an official at the...

China receives first Arctic LNG 2 cargo ahead of Putin's visit, data shows

SINGAPORE -China received this week its first liquefied natural gas cargo from a sanctioned Russian project, ship-tracking data from Kpler and LSEG showed, days ahead of Russian President Vladimir...

South African rand range-bound after US inflation report, local data releases

JOHANNESBURG -The South African rand showed little reaction on Friday to a key U.S. inflation report and mixed domestic economic data. At 1521 GMT, the rand traded at 17.6675 against...

Northam CEO says platinum miners not out of the woods despite price rally

The recent platinum price rally has brought relief to South African miners, but is still below levels needed to support new production, Northam Platinum CEO Paul Dunne said on Friday. ...

Oil prices fall with expected low demand, upcoming supply boost

HOUSTON -Oil prices fell on Friday as traders looked toward weaker demand in the U.S., the world's largest oil market, and a boost in supply this autumn from OPEC and its allies. Brent...