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Waning Demand Set to Hit Breakneck Rally in India’s Auto Stocks

(Bloomberg) -- A sizzling rally in India’s auto shares is reversing as a build up of unsold vehicles and growing discounts by carmakers pressure profit margins.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Floating Island in Baltimore Raises Hope for a Waterfront RevivalA Warehouse Store Promises Housing for South LA, in BulkThe Cross-Continental Race Using Only Public TransitIndia’s NSE Nifty Auto Index i

Stock Winners and Losers in Indonesia’s $230 Billion Budget Plan

(Bloomberg) -- Indonesia’s 3.6 quadrillion rupiah ($230 billion) budget for next year will prop up consumer, food and health-care stocks as President-elect Prabowo Subianto is set to take office.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Floating Island in Baltimore Raises Hope for a Waterfront RevivalA Warehouse Store Promises Housing for South LA, in BulkThe Cross-Continental Race Using Only Public Tr

Asia Set for Cautious Start Into Jackson Hole Week: Markets Wrap

(Bloomberg) -- Asian stocks are set for a cautious opening on Monday ahead of key central bank decisions in the region this week and the annual confab at Jackson Hole.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Floating Island in Baltimore Raises Hope for a Waterfront RevivalA Warehouse Store Promises Housing for South LA, in BulkThe Cross-Continental Race Using Only Public TransitEquity futures in Austr