Stocks

Bloomberg A handful of Bitcoin exchanges are key to setting prices, allowing traders to largely ignore the myriad of other bourses without the risk of missing major moves, according to a new study. Only 10 markets — among them Binance, Liquid, Huobi, Coinbase and HitBTC — are where most price discovery takes place, and moves that originate there later migrate ...

Bloomberg American equity-index futures edged lower along with European stocks as investors awaited the start of US earnings season and officials prepared to sign the China trade deal in Washington. The yuan held close to its strongest level since July. Contracts on Wall Street’s main equity benchmarks traded modestly down, after January14’s jump in technology shares sent the S&P 500 ...

Bloomberg The yen weakened past 110 per dollar for the first time in almost eight months as the imminent signing of a US-China trade deal sapped demand for haven assets. Japan’s currency fell as much as 0.2% to 110.21 as the Trump administration removed its designation of China as a currency manipulator before Wednesday’s planned signing of a phase-one agreement. ...

Bloomberg US equity futures advanced with Asian shares on Monday while Europe stocks fluctuated as investors showed mild optimism at the start of a busy week set to be dominated by the beginning of earnings season and the signing of a partial China trade deal. Bonds, the yen and gold retreated. Contracts on the S&P 500 signalled a rebound from ...

Bloomberg When it comes to Philippine stocks, 2020 so far isn’t looking better than 2019. Barely two weeks into the new year, and the market is the worst performer among major Asian peers, with overseas fund withdrawals reminiscent of January 2008. Back then, fears of a US recession roiled global shares and pummeled Manila into a bear market. Last year, ...

Bloomberg The years-long disputes between China and South Korea are getting resolved, and analysts at Nomura Holdings Inc expect Chinese tourists to return en masse to the Korean nation. That’s a boon for shares of cosmetics producers and travel-related companies. Amorepacific Corp, the maker of beauty products that are popular souvenirs among Chinese women, climbed as much as 6.6% on ...

Bloomberg Corporate profits likely dropped for a second straight quarter at the end of 2019, dragging down annual earnings growth to the smallest in three years. A lot of investors are fine with that. Put it down to the nature of the stock market, where returns tend to anticipate changes in earnings growth. As the S&P 500 notches records, investors ...

Bloomberg India’s rupee will likely beat most Asian peers this year, according to Rabobank, in contrast with other top forecasters who expect the currency to continue trailing. The worst of the country’s economic slowdown has passed and the authorities are unlikely to use currency depreciation as a measure to revive growth, said Hugo Erken, head of international economics at the ...

Bloomberg US stocks extended gains and Treasuries turned lower after President Donald Trump toned down rhetoric against Iran, suggesting further military force is not needed. The S&P 500 pushed to a fresh intraday record after Trump said Iran appears to be “standing down,” and announced further sanctions on the country. Ten-year Treasury yields rose after tumbling overnight following Iranian airstrikes ...

Bloomberg Billionaire money manager Jeffrey Gundlach said his strongest market conviction is that the still-resilient dollar will weaken. The greenback has largely defied expectations for its demise, with the Bloomberg Dollar Spot Index ending last year less than 1% lower as foreign-exchange volatility dwindled. But the DoubleLine Capital chief executive officer said growing US government and trade deficits, a steepening ...