Stocks

Bloomberg Argentina tightened currency controls after the opposition’s Alberto Fernandez won the presidential elections. The central bank will restrict dollar purchases by savers to buy just $200 per month compared with the $10,000 per month previously, according to a central bank statement. The move looks to preserve international reserves during the political transition which will culminate in the handover on …

Bloomberg UK retailers built up stocks by the most since the 1980s in anticipation of leaving the European Union at the end of the month, a report from the Confederation of British Industry (CBI) showed. The proximity to Christmas and ongoing Brexit uncertainty are the main drivers, the CBI said. Retail sales volumes and orders fell in the year to …

Bloomberg Beneath the din of earnings, clanging economic alarms and the blare of a political circus, US investors are quietly rediscovering their nerve. With the S&P 500 just touching a record, it may sound odd to suggest there was a lack of confidence to begin with. But gains this year have been built on caution as investors chased the safest, …

Bloomberg The pound may be back from the precipice, but it’s still some way from sunlit uplands. A formal request to delay Brexit has all but removed the risk of a sterling crash triggered by a no-deal scenario. Instead, it’s left the pound in limbo and exposed to a tangle of political quarrels on both sides of the English Channel. …

Bloomberg US equity-index futures dipped and European stocks struggled for traction as investors plowed through earnings reports without finding much to justify optimism for global growth. Treasuries and European bonds advanced broadly. S&P 500 and Dow Jones Industrial Average contracts fell after Caterpillar’s results missed analysts’ forecasts, sending the stock tumbling in pre-market trading. Contracts on the Nasdaq also edged …

Bloomberg Equity investors clamouring for interest-rate cuts in emerging economies are getting a wake-up call: monetary easing is failing to revive growth impaired by the trade war. Any stimulus unlocked by lower interest rates is being outweighed by weaker local currencies because trade tensions between the US and China are boosting the dollar. The underperformance of emerging-market stocks relative to …

Bloomberg US equity-index futures fluctuated along with European stocks on Tuesday as investors weighed a flurry of company results and the odds of the world’s biggest economies agreeing a trade deal in November. Treasuries rose and the pound drifted. S&P 500 futures were little changed after the underlying gauge closed above 3,000 on October 21, less than 1% from a …

Bloomberg As currency traders gird for parliamentary votes on Boris Johnson’s Brexit deal, their opportunity to win big on the pound is fading fast. The UK Prime Minister was expected to find out whether lawmakers are willing to back his plan, but if they reject it, the risk of a no-deal Brexit that would cause sterling to plummet is now …

Bloomberg US equity-index futures advanced alongside European and Asian shares as investors awaited fresh developments on foreign trade and this week’s slew of results from major companies. Bonds dropped. Contracts on the S&P 500 Index rose, pointing to a firm open that would keep the American benchmark within sight of a fresh all-time high. Boeing fell in the pre-market amid …

Bloomberg The British Parliament may have delayed voting on PM Boris Johnson’s Brexit deal, but according to Morgan Stanley, there is enough of a reduction in political uncertainty to boost UK and European equities. Morgan Stanley economists believe that despite the hurdles in Parliament, the odds are now in favour of the Brexit agreement being ratified by Christmas. And with the …