The latest news and events driving markets around the world, supplied by Marketwatch and Reuters.
Please remember that the ideas and conclusions in this section do not necessarily reflect the views of Fidelity’s portfolio managers or analysts. They are for general interest only and should not be taken as investment advice or as an invitation to purchase or sell any specific security.
By Carla Mozee and Sara Sjolin, MarketWatch. Ocado, tobacco stocks rise after analyst comments. U.K. stocks rose on Tuesday, with tobacco companies among biggest gainers after a positive broker note, helping London's blue-chip index bounce off a six-week low that it reached as trade tensions between the U.S. and China escalated.
By Carla Mozee and Sara Sjolin, MarketWatch. Tobacco stocks rise on ratings call. European stocks on Wednesday bounced off a nearly three-week low, staging a recovery as traders came to terms with the further deterioration in the trade relationship between the U.S. and China that sent equities world-wide tumbling in the prior session.
Square short interest has stayed near $2 billion despite a recent stock rally. Two Jack Dorsey companies, alike in their huge stock rallies, differ when it comes to recent short-selling sentiment. That's according to a recent analysis from financial technology and analytics firm S3 Partners, which looked at short- interest trends for Square Inc. (SQ.NaE) and Twitter Inc..
Chinese indexes fare the worst; Nikkei gives up early gains. Asian markets struggled to recover Wednesday from the previous day's losses, with indexes around the region mixed in early trading. Chinese stocks fared the worst, adding to Tuesday's plunge and moving them closer to bear-market territory.