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23.04.26 - 03:30
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Win Streak May Continue For China Stock Market (AFX)
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BEIJING (dpa-AFX) - The China stock market has moved higher in three straight sessions, collecting more than 55 points or 1.3 percent along the way. The Shanghai Composite Index now sits just abov......
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23.04.26 - 01:00
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Asian, emerging-market funds rotate into mainland China and Taiwan stocks: HSBC (SCMP)
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Fund managers investing in Asian and emerging markets added mainland Chinese and Taiwanese stocks to their portfolios in February and March, while cutting their exposure to South Korean equities, according to HSBC Holdings.
The reallocation also came at the expense of Indian stocks during the period, with the country's weighting in Asian funds hitting a new low, HSBC analysts Prerna Garg and Herald van der Linde said in a report on Tuesday, without giving details. The report was based on data......
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22.04.26 - 23:54
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SaaS Stocks Slammed As ServiceNow Disappoints, Blames MidEast War (ZeroHedge)
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SaaS Stocks Slammed As ServiceNow Disappoints, Blames MidEast War
Perhaps indicative of the fragility of the current rebound - as Software stocks have recently ripped higher for 8 straight days - SaaS stocks are all deeply in the red after-hours as ServiceNow - the potential poster-child for AI disruption - cut its margin outlook amid lackluster results, sending shares reeling.
At first glance, it was a good print - the provider of business task management software posted first-quarter adjusted earnings of 97 cents a share, which was in-line with Wall Street estimates, according to FactSet.
Revenue for the quarter rose 22% to $3.77 billion, marginally above analyst expectations of $3.75 billion.
Additionally, ServiceNow said that subscription revenue will increase about 23% to $3.82 billion in Q2, the company said (marginally above the consensus of $3.75 billion).
But it wasn't all pretty...
But, it appears Wall Street was hoping for more - with investors already worried about the disruptive ...
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22.04.26 - 23:48
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InfraCap′s Hatfield Stands by 8,000 S&P 500 Price Target, US Exceptionalism (Bloomberg)
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Jay Hatfield, Infrastructure Capital Advisors CEO and CIO, joins Bloomberg Businessweek Daily to discuss his markets and macro outlook, including his year-end S&P 500 price target of 8,000 which he continues to stand by as markets hit new highs amid the Iran war. Hatfield also adds that even amid broader geopolitical tensions and higher energy prices, "The notion that the US has lost its exceptionalism is ridiculous." On Wednesday, stocks climbed to all-time highs as a slew of strong corporate results and President Donald Trump's extension of a ceasefire with Iran revived risk appetites after a two-day retreat. Bitcoin rallied. The S&P 500's 1% gain extended its advance for the month, set to be the best since 2020. Chipmakers climbed for a 16th straight day, the longest-ever winning streak. Hatfield speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)...
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