Stocks

BLOOMBERG A period of unusual calm in crypto markets ended abruptly  as the notion of higher-for-longer interest rates sparked a selloff in risk assets like Bitcoin, leading to mass liquidations of bullish bets. The rout pushed Bitcoin from near $29,000 to as low as $25,314 in a 24-hour span before the biggest token recovered slightly in early European trading on ...

BLOOMBERG Stocks slumped, putting a global benchmark on track for the biggest weekly loss since March, as worries about China and higher global interest rates sapped sentiment. US equity futures were indicated lower, building on the selloff that’s stretched across risk assets. Bitcoin slid as much as 8% and oil was set for its first weekly loss since June. The ...

BLOOMBERG US equity futures hinted at recovery from the retreat, even as a selloff intensified across bond markets worldwide. S&P 500 contracts added 0.2%, while Europe’s equity benchmark slipped 0.4%, falling under its 200-day moving average for the first time since March. While many investors had believed that the Federal Reserve was done raising interest rates, that’s no longer a ...

BLOOMBERG A selloff in Chinese assets deepened on Wednesday, with a key equity gauge set to erase all gains seen since last month’s Politburo meeting and the yuan falling towards a 16-year low.  The MSCI China Index dropped as much as 1.3% amid mounting concerns over economic growth, set to close below where it was before policy vows at the ...

BLOOMBERG European stocks fluctuated after their slump as investors awaited further clues on the path of interest rates from the US Federal Reserve. The pound strengthened as UK inflation topped expectations. Europe’s Stoxx 600 benchmark rose 0.2% after declining as much as 0.4% earlier. US futures pointed to gains at the open. Government bonds in the US and Europe traded ...

BLOOMBERG Japan’s currency dropped towards a level that triggered the first yen-buying intervention since 1998 in September, prompting a top official to voice concern. Finance Minister Shunichi Suzuki said authorities are watching the currency’s trends with a high sense of urgency and will take steps if excessive moves are seen. His comments caused the yen to rise a bit, trading ...

BLOOMBERG Stocks and bonds declined as concern grew that China’s faltering recovery and debt problems will spread to the global economy. Instead of reassuring investors, China’s surprise rate cut only deepened anxiety about policy steps to revive growth, driving Europe’s Stoxx 600 index down as much as 1.2% to the lowest in a month. US equity futures pointed to a ...

BLOOMBERG The ruble weakened beyond the psychologically important level of 100 to the dollar for the first time since March last year, as Russia’s war in Ukraine drags on and international sanctions throttle the economy. The currency fell 1.5% to 100.975 in its fifth day of losses even after Russia’s central bank sought to arrest the slump by halting its ...

BLOOMBERG Stocks and bonds rose as China moved to address a worsening property slump, shoring up confidence in global markets.  US and European equity futures advanced, while bond yields ticked lower. The moves came after China’s banking regulator announced it would set up a task force to examine risks at Zhongzhi Enterprise Group Co. The company, one of the nation’s ...

BLOOMBERG Nigeria’s loose fiscal and monetary policies are creating excess liquidity, making it difficult for the naira to stabilise against the dollar two months after authorities allowed the currency to trade freely, the International Monetary Fund (IMF) said. Central bank transfers to the government are increasing the naira in circulation, depressing interest rates, discouraging savings and deterring the dollar inflows ...