Thursday 29 August 2019

Shares rally, bond yields rise as China fuels trade deal hopes

Reuters.com Newsletter

Shares rally, bond yields rise as China fuels trade deal hopes

U.S. and European shares advanced on Thursday and Treasury yields ticked higher as China struck a hopeful tone on trade relations with the United States and as Italy appeared close to forming a new government and resolving its political crisis.

Dell beats profit estimates on higher desktop sales, shares surge

Dell Technologies Inc beat Wall Street profit estimates on Thursday boosted by a higher demand for its cloud services and personal computers, sending its shares up 6% in extended trading.

As U.S. Treasuries sizzle, some bond investors brace for possible sell-off

While there seems to be no end on the horizon to this year's dramatic rally in U.S. Treasuries that has collapsed yields more than a full percentage point, conditions are ripening for a reversal that could disrupt the market.

SEC fines Texas-based firm for offering illegal tokens, unregistered exchange

The U.S. Securities and Exchange Commission said on Thursday it fined and settled charges against a Texas-based cryptocurrency firm and its founders for wrongfully issuing digital offerings and for using an unregistered online trading platform.

Wall Street rallies after China trade comments

U.S. stocks rallied more than 1% on Thursday, buoyed by gains in the trade-sensitive technology and industrial sectors as China expressed hope on trade negotiations with the United States, easing concerns that rising tensions could stoke a recession.

U.S. yields climb on trade optimism, weak auction

U.S. Treasury yields rose on Thursday with 30-year yields climbing from record lows, as hopes on U.S.-China trade talks and a dismal seven-year note auction cooled the recent torrid rally in the bond market.

FTC probes marketing practices of e-cigarette maker Juul: source

The Federal Trade Commission is investigating the marketing practices of e-cigarette maker Juul Labs Inc sending shares of tobacco stocks down, a person briefed on the matter said Thursday.

Apple likely to unveil latest iPhone on September 10

Apple Inc will host an event on Sept. 10 at the Steve Jobs Theater in the company's Cupertino, California campus, where it is widely expected to unveil new iPhone models.

Argentine bond prices fall, country risk soars on debt 'reprofiling' plan

Argentine bond prices fell on Thursday and country risk soared to levels not seen since 2005 after the government announced plans to extend maturities on about $100 billion in debt, raising fear of a full-blown financial crisis.

Huawei under probe by U.S. prosecutors over new allegations: WSJ

U.S. prosecutors are investigating new instances of alleged technology theft by Chinese telecommunication equipment maker Huawei Technologies Co Ltd, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Avianca to pack more seats into planes as part of recovery plan, executive says

Latin American airline Avianca will look to increase the number of passengers it can fit into a plane without enlarging its fleet as part of its efforts to overcome ongoing financial problems, its chief executive said on Thursday.

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