Stocks

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 …

Bloomberg Bitcoin climbed to the highest since November after breaching the $8,000 price level. Concerns about an escalation in the conflict between the US and Iran are seen as contributing to the rally in Bitcoin, which is not managed by a government. “Bitcoin and gold are well supported due to rising tensions between the US and Iran,” said Emmanuel Goh, …

Bloomberg US equity futures were steady on Tuesday and stocks in Europe and Asia advanced as investors attempted to set aside their fears about escalating tensions in the Middle East. Treasuries fluctuated and the euro declined. Markets were roiled before the European open when an Iranian news agency said the country is assessing scenarios for its response to the US …

Bloomberg Investors are snapping up Chinese financial assets, encouraged by progress on trade and signs that the world’s second-largest economy may be stabilising. Improving confidence helped stoke a 0.5% rally in the yuan on Tuesday, pushing it to its strongest level since early August. The currency punched past the key 6.95-per-dollar level, and traded on the strong side of its …

Bloomberg SBI Holdings Inc and Japanese internet-service provider GMO Internet Inc are about to start extracting Bitcoin at the world’s largest crypto mine, located in the industry’s new hotspot: Rockdale, Texas. The two firms have in principle agreed with Northern Bitcoin AG subsidiary Whinstone Inc to process cryptocurrency transactions at the German company’s facility within the coming months, according to …

Bloomberg Stocks extended their losses on Monday and oil built on gains as investors continued to grapple with the aftermath of a US airstrike that killed a powerful Iranian general. Gold surged to the highest in more than six years. Futures for the main American equity gauges retreated for a second session after Iran said over the weekend it would …

Bloomberg Chinese and Hong Kong stocks saw sharp afternoon selling, in part on fresh worries about US-China trade, and the concerns also pressured the yuan. After sporting gains despite selling in most of Asia, the Shanghai Composite Index fell as much as 0.6% on the day before ending just 0.01% lower. The Hang Seng Index in Hong Kong was down …

Bloomberg High-beta stocks, occupants of the market’s frenetic edge, were the names everyone wanted to own in the fourth quarter, when they rallied on signs of peace. Saviours of active funds, the high-beta group — defined as companies that do a little better or a little worse than standard benchmarks — annihilated all comers over the last three months of …