Stocks

Bloomberg Facebook Inc’s Libra cryptocurrency will be discussed as a delegation of American lawmakers visits Switzerland in the coming days. The group of six will hold a meeting with the Swiss Federal Data Protection and Information Commissioner Adrian Lobsiger, NZZ am Sonntag reports, citing his spokesman. It will be led by Democrat Maxine Waters, who has previously spoken critically about …

Bloomberg Protest-battered Hong Kong should also brace itself for an “economic typhoon” caused by the US-China trade war and recent political unrest in the city, Financial Secretary Paul Chan wrote in a blog post on Sunday. The warning from the city’s top budget official came after Hong Kong slashed its 2019 growth forecast to as little as zero, down from …

Bloomberg American equity-index futures slumped alongside stocks in Europe as weak data from two of the world’s biggest economies overshadowed an apparent de-escalation in the trade war. Treasuries and European bonds rallied, with key parts of both the US and UK yield curves inverting. Contracts on the S&P 500 fell alongside the Stoxx Europe 600 index as data showed Germany’s …

Bloomberg Stocks in China and Hong Kong pared earlier advances as relief that the US will delay imposing tariffs on some consumer goods was tempered by weak economic data. The yuan climbed the most since June 20. The Hang Seng Index overcame an afternoon wobble to close 0.1 percent higher, rising for the first time in four days, while protests …

Bloomberg US equity futures extended a rebound and European stocks rallied as markets continued to recover from a brutal selloff at the start of the week. Caution was on display, however, as bonds gained while currencies were roiled by a series of dovish central-bank moves in Asia. Futures on all three major US benchmarks turned higher following a surge in …

Bloomberg Canadian stocks played catch up with a global rout following August 5’s holiday, with the nation’s benchmark falling the most this year before paring losses. The S&P/TSX Composite Index fell 0.8 percent, extending its slump for a sixth straight session — its longest losing streak since September 10. Energy stocks were the biggest decliners on the benchmark as the …

Bloomberg South Korean equities overtook those of Malaysia to become the world’s worst major equity market for the year as ongoing trade war with Japan and tensions between the US and China slashed the nation’s earnings outlook. The benchmark Kospi Index has dropped 6.1 percent year-to-date compared with 5.1 percent decline in the FTSE Bursa Malaysia KLCI Index in Singapore. …

Bloomberg US equity futures rose alongside European stocks while Asian shares fell after China moved to stabilise its currency, helping ease some of the market turmoil that kicked off the week. The global sell-off in equities abated after China fixed its yuan exchange rate at stronger than 7 per dollar, a key level that when breached in markets fuelled the …

Bloomberg Indian stocks rose after Credit Suisse AG upgraded the nation to overweight amid an escalating US-China trade war, while the government sought to cement its position by revoking seven decades of autonomy in the disputed Muslim-majority state of Kashmir. The S&P BSE Sensex gained 0.8 percent, its biggest increase in a month, to 36,976.85 at the close in Mumbai. …

Bloomberg US equity futures slumped with European stocks on Monday, tracking a sell-off across Asia after China struck back in its trade dispute with America and let its currency weaken through a milestone level. Treasuries led a global bond rally as investors dashed to safer assets. S&P 500 Index futures slumped as much as 1.5 percent, while declines in mining, …