Stocks

Bloomberg US index futures edged lower with European stocks while Treasuries continued higher as investors weighed the fallout from a drone attack on one of the world’s biggest oil facilities and the record surge in crude prices that followed. Contracts on the three main US stock indexes dipped after fluctuating earlier. The Europe Stoxx 600 index ticked lower, led by …

Bloomberg China’s restrained approach to easing spooked financial markets on Tuesday, with stocks and the yuan dropping the most in weeks. The Shanghai Composite Index retreated 1.7 percent, its biggest decline in more than two months, to close below the psychologically important 3,000 level. The onshore yuan fell 0.37 percent, the most in three weeks, to 7.0950 a dollar as …

Bloomberg The Hong Kong dollar became the ninth most traded currency in the world earlier this year, ranking just below the yuan, according to the Bank for International Settlements (BIS). The city’s currency accounted for 3.5 percent of global average daily turnover in April, compared with 1.7 percent during the same month in 2016, the latest triennial survey by BIS …

Bloomberg US stocks slipped, oil surged and assets considered to be havens in times of trouble climbed after a strike on Saudi Arabia’s crude production heightened geopolitical risk. A drop in automaker shares helped drag the S&P 500 Index down the most in almost two weeks, even as energy producers climbed. Treasuries advanced with precious metals and the yen. Brent …

Bloomberg India’s rupee halted a seven-day rally and bonds declined after a drone attack on Saudi Arabia’s oil facilities sent global crude prices soaring by the most on record. The currency fell 0.9 percent to close at 71.5963 per dollar and the benchmark 2029 bond yields rose eight basis points to 6.72 percent. The S&P BSE Sensex gauge of equities …

Bloomberg Another rate cut from the Federal Reserve is all but certain. Its impact on the stock market, however, is the topic of frantic debate. In the bear camp are Bank of America Corp and Morgan Stanley, whose strategists warned against relying too much on lower rates to boost stocks. In separate research, they reached the same conclusion after studying …

Bloomberg The pound’s best run against the euro since 2016 will be tested next week as leaders from Britain and the European Union seek to make progress in breaking the Brexit deadlock. Sterling has climbed for five weeks against the common currency, rallying on the slightest hints of Brexit compromise. With British Prime Minister Boris Johnson now scheduled to meet …

Bloomberg US stock-index futures drifted, failing to pick up momentum from a broad advance in equities in Europe and Asia after more signs emerged that China will move to lessen the trade war’s repercussions. Oil futures rose with the dollar. Gains in the Stoxx Europe 600 Index came in part from the strong rotation into cyclical sectors that had lagged …

Bloomberg Indian stocks rose as investors anticipated more government steps to revive consumer sentiment ahead of the festival season that accounts for a bulk of the nation’s sales. The S&P BSE Sensex gained 0.3 percent to 37,270.82 at the close in Mumbai, advancing for a third consecutive session. The NSE Nifty 50 Index also climbed 0.3 percent. The nation’s financial …

Bloomberg Switzerland said Facebook Inc’s planned Libra cryptocurrency would need an official green light, with granting of a license contingent on the risks of reserve management being borne by the organisation and not by stable-coin holders. Swiss financial regulator Finma said the project would need a payment system license and would be subject to additional rules to take “bank-like” risks …