Stocks

Bloomberg The Bank for International Settlements (BIS) is setting up shop to help officials embrace financial technology, who may need to speed up developing their own digital currency. The BIS, which promotes cooperation among the world’s monetary officials, announced it was starting an innovation hub for financial technology. And in an interview with the Financial Times, BIS General Manager Agustin ...

Bloomberg The Philippine peso’s longest run of quarterly gains in six years will be tested this week with a report forecast to show inflation resumed its downtrend in June. Evidence consumer-price gains are cooling raises the prospect the central bank will follow up on its May interest-rate cut to support flagging growth. Technical indicators also suggest the peso may struggle ...

Bloomberg Technology shares gained on strong earnings from a leading chipmaker, while Treasuries fell with gold. The Nasdaq indexes rose after Micron Technologies Inc’s profit topped estimates. Chipmakers Intel Corp and Cisco Systems Inc also rallied. The S&P 500 pared early gains as heathcare shares and consumer staples weighed on benchmarks. Futures spiked higher overnight after a CNBC report that ...

Bloomberg Bitcoin’s furious run is starting to look more and more like it did at the height of crypto-mania two years ago. The virtual currency surged as much as 14 percent on Wednesday, topping $12,900 for the first time since January 2018, and bringing its gain to about 30 percent. The digital asset has climbed more than 200 percent since ...

Bloomberg US stocks fell while gains in Treasuries pushed the 10-year yield below 2 percent as simmering geopolitical tensions damped investor appetite for risk. Gold jumped. The S&P 500 dropped for a third-straight session, the longest since May 9, as US officials downplayed expectations of a resolution to the trade war ahead of highly-anticipated meeting between President Donald Trump and ...

Bloomberg The pound will tumble to levels not seen since 2017 against the euro as Brexit turmoil outweighs a dovish European Central Bank, according to analysts. Sterling is likely to slide towards 92 pence per euro by year-end, about 3 percent below current levels and a rate not seen in 21 months, according to JPMorgan Chase & Co. That pessimism ...

Bloomberg US equities fluctuated near records as investors weighed expectations for easier monetary policy against concerns about a slowing economy. Treasuries gained, while the dollar edged lower. The S&P 500 was mixed, hovering just under all-time highs reached during last week’s rally. Tech shares led gains, while healthcare paced falling stocks. Bristol-Meyers Squibb Co tumbled after saying it will divest ...

Bloomberg Bitcoin’s climb to above $11,000 for the first time in 15 months sparked gains in related Asian stocks on Monday. GMO Internet Inc climbed 7 percent in Tokyo to its highest level since October, while Metaps Inc jumped 11 percent, Remixpoint Inc 6.2 percent and Ceres Inc 4.4 percent. In Seoul, Vidente Co climbed as much as 5.4 percent ...

Bloomberg A year after a rare default in India’s credit market led to its mini-Lehman moment, several shadow banks in the country, its oldest surviving private airline and the parent company of its biggest television broadcaster are still reeling. The fear which erased more than 1 trillion rupees ($14.4 billion) in market capitalisation of the 11 worst-hit firms is refusing ...

Bloomberg Stock markets in the Gulf declined as tension between the US and Iran kept investors on high-alert. President Donald Trump said the US will impose major new sanctions on Iran on Monday, days after he abruptly called off a plan for airstrikes against the Islamic Republic, but gave no additional detail. The United Arab Emirates civil aviation authority ordered ...