Stocks

Bloomberg The pound slipped on concern the UK may leave the European Union without a divorce deal after members of the Conservative party voted for Boris Johnson to be the next prime minister. Sterling fell for a third day after Johnson, who has vowed to march the UK out of the EU with or without a deal by October 31, ...

Bloomberg Technology shares led gains among US stocks following a mixed session in Europe and Asia as investors looked ahead to a busy week of corporate earnings. Oil gained amid tensions in the Persian Gulf. Apple rallied after Morgan Stanley boosted its price target, while Micron Technology was lifted to buy from neutral by Goldman, as were Lam Research and ...

Bloomberg The cash reward for owning Taiwan stocks is larger than almost anywhere else in Asia. Global investors are ditching them anyway. Even with the benchmark Taiex gauge near a record high, managers have pulled about $680 million from Taiwan stock funds this month. The withdrawals come even as corporate dividends top US yields and just as a record amount ...

Bloomberg The Federal Reserve is preparing to deliver what the market expects to be the first of multiple interest-rate cuts. The others are sure to follow if policy makers can’t break what’s starting to look like a vicious circle. The Fed isn’t simply bending to the market’s will with this cut: It highlighted the risks of weak inflation and global ...

Bloomberg Morgan Stanley, the biggest stock-trading shop on Wall Street, is losing some of its lead. The company posted a 14 percent drop in equities-trading revenue, the steepest decline among major US banks, as it cited lower client balances in its prime-brokerage business. While the firm had a surprise jump in wealth-management fees, the trading slump caused overall revenue to ...

Bloomberg US equity futures drifted with European stocks as a mixed bag of corporate earnings gave traders food for thought amid fresh trade tensions. Treasuries yields edged lower and European government bonds climbed. Contracts on the S&P 500, Dow Jones and Nasdaq gave up some their early gains after Bank of America’s net interest income fell short of analysts’ expectations, ...

Bloomberg Nigeria’s benchmark stock index fell for a fifth day, a slump that underscores foreign investor frustration over a lack of policy progress since President Muhammadu Buhari won re-election in February. The index dropped 0.5 percent by earlier close to the lowest since May 2017. It has declined 13 percent in the five months since Buhari, who is still to ...

Bloomberg The Guernsey stock exchange says it was stood up by the UK regulator when trying to share information on some of the holdings in Neil Woodford’s flagship fund. The “Financial Conduct Authority failed to show up,” the exchange said in a statement and published by the UK’s Treasury Committee. “Eventually, without explanation, an FCA PA called to suggest reorganisation.” ...

Bloomberg Treasuries fell and the dollar rose after solid data from the world’s largest economy added to signs the expansion is holding up even as central bank officials indicated they’re ready to cut rates. Stocks were mixed. Benchmark 10-year yields halted a two-day slide, while the greenback climbed against most major currencies. The Dow Jones Industrial Average advanced to a ...

Bloomberg The bull run for Philippine stocks still has legs amid tailwinds of stronger corporate earnings, cooling inflation and continued monetary stimulus. The benchmark Philippine Stock Exchange Index entered the bull market after climbing more than 22 percent from a November low. The gauge is now the best performer in Southeast Asia and one of the top gainers in Asia ...