US Stocks Extend Rally Despite Mega-Cap Tech Underperformance

Key stock indexes erased losses in a broad-based rally Tuesday afternoon. US stocks gained for a third straight session Tuesday on optimism the US government shutdown is poised to end, even as mega-cap tech shares sank and concerns about lofty valuations persisted....

Nigerian Stocks Suffer Biggest Drop in 15 Years on Tax Concerns

Nigerian stocks tumbled the most in 15 years as foreign investors rushed to sell ahead of a new tax regime set to triple capital gains taxes. The NGX All-Share Index fell 5% on Tuesday, the steepest decline since March 19, 2010. The drop marked the seventh consecutive...

Italy’s FTSE MIB Finally Recoups Declines Since Financial Crisis

Italy’s equity benchmark surpassed its 2007 peak, becoming the last major European index to reclaim declines triggered by the global financial crisis. The FTSE MIB Index — home to banks such as UniCredit SpA and defense firm Leonardo SpA — gained as much as 1.1% to...

Germany Must Ensure Return to Sound Finances, Bundesbank Says

Germany must start dialing back its borrowing limits from 2029 to ensure solid public finances over the long term, according to the Bundesbank. The central bank, which advises the government on economic policy, proposed a three-stage plan to lower debt, and repeated a...