HONG KONG — Asian shares advanced Monday following Wall Street gains last week that were buoyed by hopes for early interest rate cuts.South Korean stocks surged 4.2% to 2,469.21, after the government restored a ban on short-selling, aiming to prevent illegal use of the trading tactic that is often used by hedge funds and investors. Short-selling refers to selling borrowed shares to profit from price declines.
Higher rates and yields slow the economy, hurt prices for investments and raise the risk of something breaking within the financial system. Despite reporting stronger-than-expected profits, Apple, the most influential stock on Wall Street, fell 0.5%. Analysts said investors were likely disappointed withA barrel of benchmark U.S. oil rose 45 cents to $80.96 in electronic trading on the New York Mercantile Exchange. It fell $1.95 to $80.51 per barrel Friday. Brent crude, the international standard, gained 39 cents to $85.28 per barrel.
Conventional wisdom holds that when you hit your 70s, you should adjust your investment portfolio so it leans heavily toward low-risk bonds and cash accounts and away from higher-risk stocks and...Given their solid underlying businesses and healthy growth prospects, these three under-$30 stocks would be excellent buys right now. The post 3 Top Under-$30 Canadian Stocks to Buy Right Now appeared first on The Motley Fool Canada.
November is typically the best month for stocks. A quirk among mutual funds may explain the weird phenomenon and point to big gains into year's end If you're in a place where you're not making a high income but still want to work toward meeting your long- and short-term financial goals, it's difficult to know where to start. Should you prioritize...Asia is poised to start this week as it finished last week, with risk assets and investor sentiment buoyed by growing confidence in the U.S. economic 'soft landing', and easing financial conditions from the slide in the dollar and U.S. bond yields.
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