markets

Investors are betting Brazil’s election-fueled rally has just begun — a wager that ultimately hinges on a fiscal overhaul markets have long demanded, but still know little about.

A great asset migration is taking place in Japan. Yet as investors reallocate their overseas capital from bonds to stocks and unwind yen-funded carry trades, they’re also deepening France’s sovereign debt crisis.

FTSE 100 Live: UK Stocks Set for Third Day of Gains

A great asset migration is taking place in Japan. Yet as investors reallocate their overseas capital from bonds to stocks and unwind yen-funded carry trades, they’re also deepening France’s sovereign debt crisis.

Kemi Badenoch heralds ‘morally right’ plan to cut inheritance tax while shadow chancellor vows to cut mansion tax

Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day than "Bloomberg Surveillance." (Source: Bloomberg)

A great asset migration is taking place in Japan. Yet as investors reallocate their overseas capital from bonds to stocks and unwind yen-funded carry trades, they’re also deepening France’s sovereign debt crisis.

Stocks drifted as investors showed little appetite for risk, with Europe’s political upheaval and fiscal strains the main focus and the euro falling to a 17-month low against the dollar.

Earnings growth has stopped the bond rout from having an impact on equities. Enjoy the respite.

MSCI’s Asia Pacific equities index rose 0.4%, with Japanese shares rallying 2%. Contracts for the Nasdaq 100 rose 0.3% after the underlying gauge closed a record high on Friday and a US index of semiconductor shares rallied.