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Blackstone Raising At Least $5 Billion for Second Fund Focused on Asia

Reuters | Equities.com |

Blackstone Group Inc is seeking to raise at least $5 billion for its second private equity fund focused on Asia, Bloomberg News reported on Sunday, citing people familiar with the matter.

With this new vehicle, Blackstone plans to more than double the size of its first Asia buyout fund, Bloomberg reported (here). The company closed its first Asian private equity fund at about $2.3 billion in 2018.


Global Markets Lower Monday; S&P 500 Futures Down 0.1%

AP News | Equities.com |

Global shares were mixed on Monday as the number of coronavirus cases soared in the U.S. and investors cautiously eyed a summit of European leaders discussing a fund to help the economy recover from the pandemic crisis.

Wall Street appeared set to dip on the open, with Dow and S&P 500 futures both down 0.1% In Europe, France’s CAC 40 was flat at 5,071, while Germany’s DAX rose 0.5% to 12,989. Britain’s FTSE 100 slipped 0.5% to 6,...


World Shares Mixed Friday; S&P 500 Futures Up 0.2%

AP News | Equities.com |

Global stock markets were mixed Friday after Wall Street slipped on uncertainty about the U.S. economic outlook.

Frankfurt, Shanghai and Hong Kong advanced while London and Tokyo declined on a day with no major market-moving news.

Overnight, Wall Street’s benchmark S&P-500 index lost 0.3% after the government reported another 1.3 million people applied for unemployment last week.

Global markets have recovered most of thi...


Governments in Europe and Asia Fear Remdesivir Shortages After US Snaps Up Supplies

Reuters | Equities.com |

SEOUL/BERLIN/LONDON (Reuters) - Some governments in Europe and Asia said on Wednesday they have enough of Gilead’s COVID-19 anti-viral remdesivir for now despite fears of shortages since the U.S. drugmaker pledged most output to its home market for the next three months.

The pharmaceutical company’s move stirred the global debate about equitable access to drugs and brought concerns about accessibility, especially in regions where...


Asian Markets Gain; Europe Mixed; US Futures Pointing Higher Again

AP News | Equities.com |

BANGKOK (AP) — Global stock markets were subdued on Monday as investors weighed the strength of U.S. economic jobs data from last week against longer-term concerns about the coronavirus’ impact on world growth. Momentum continued in some markets from a rally on Friday, when the U.S. government said employers added 2.5 million workers to their payrolls in May, when economists were expecting them instead to slash another 8 million jobs. That raised hopes that the worst of the recession may have already passed. But economists cautioned that many risks still loom on the long road to a full recovery. “One should ... be cautioned against reading too much into any single month-on-month change, particularly during such times of uncertainty,” Jingyi Pan of IG said in a commentary.


Global Shares Higher Friday; US Futures Point To Strong End of Week

AP News | Equities.com |

Global markets rose Friday and Wall Street futures as investors awaited the U.S. jobs report for May, which is expected to show another surge in unemployment in the world’s largest economy.Germany’s DAX gained 1.7% to 12,643 and the CAC 40 in Paris added 1.9% to 5,108. Britain’s FTSE 100 rose 1.3% to 6,421. Futures for the Dow were up 1.3% while those for the S&P 500 were 0.8% higher.Economists expect the Labor Department’s monthly jobs report for May to show employers slashed 8.5...


Global Shares Lower Thursday; US Futures Down 0.6%

AP News | Equities.com |

Global stock markets declined Thursday on weak economic data in Europe and Asia and as Chinese trade tensions with Washington and Australia worsened.Investors were also looking ahead to Friday’s meeting of China’s legislature for details of possible new steps by Beijing to stimulate its virus-battered economy.London and Frankfurt opened lower. Tokyo, Shanghai and Australia declined after spending the day swinging between gains and losses.Japan reported its exports fell 2...


World Markets Lower Tuesday; S&P 500 Futures Down 0.2%

AP News | Equities.com |

TOKYO (AP) — Stock markets eased back Tuesday from a rally the day before as poor economic data reinforced the challenges the world faces in recovering from the recession induced by the coronavirus pandemic.While markets began the week on a strong note amid optimism over a potential vaccine for the coronavirus, they steadied on Tuesday after a record jump in jobless claims in Britain and a 76% slide in new car sales across Europe.France’s CAC 40 fell 0.7% to 4,465, while ...


Asian Shares Mixed, Europe Higher, US Futures Pointing Lower To End Week

AP News | Equities.com |

TOKYO (AP) — Global shares wavered between gains and losses Friday as investors weighed an improvement in data about China’s economy against new figures showing Germany has fallen into recession.Factory output rose in April as China’s virus-battered economy reopened but job losses depressed consumer spending, a key driver of growth, challenging the ruling Communist Party’s push to revive normal activity.Investment in factories and other fixed assets also improved as ...


World Shares Down Broadly; US Futures Point to Sizable Opening Declines

AP News | Equities.com |

Reports of rising numbers of coronavirus cases deepened the gloom over the likely impact on the world economy.


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