Last update: Mon, 16 Jan 2017 05pm

Stocks and Bonds: World


US bank stocks will stay in favour with investors as long as earnings reports in the coming week show an improving profit outlook while investors wait to see if US President-elect Donald Trump lives up to his campaign promises.

The Taiwan Stock Exchange is aiming to get an exchange-traded fund (ETF) listed on the Tokyo Stock Exchange in 2017, tapping investment opportunities in Japan. Japanese investors are becoming more aware of Taiwanese equities after Taiwan's Foxconn became the biggest shareholder in Sharp Corp. of Japan, Taiwan Stock Exchange (TWSE) President Lee Chi-hsien said on Monday.
Stock markets in the Gulf diverged on Sunday with Saudi Arabia stalling near a six-week low and Dubai retreating on profit-taking, while Kuwait continued to outperform. Saudi Arabia's index added 0.1 percent. Nine of the top 10 performers were from the insurance segment with Wafa Insurance in the lead, jumping 9.1 percent.
Vietnam plans to open a derivatives market in the first quarter of next year in a bid to draw more investment to its capital markets, with futures contracts set to launch first, the Hanoi Stock Exchange said on Thursday.
South Korea toasted the new year with Asia's first sovereign bond, pricing the $1 billion, 10-year issue well below the initially indicated yield as global investors rushed to buy. The bonds, priced to yield 55 basis points above US Treasuries, quoted as low as 47.5/46 bps in secondary markets as investors lapped up bonds from an issuer that has not sold dollar-denominated debt since 2014.
Portugal is seeking to raise funds through a syndicated sale of bonds just as a persistent banking crisis, reduced support from the European Central Bank and a sluggish economy have pushed its borrowing costs to one-year highs.
Nigeria's sovereign wealth fund is setting up a company in partnership with London-based local currency guarantee firm GuarantCo to enable pension funds to invest in Nigerian infrastructure bonds, its chief executive said on Thursday.