Stocks

Bloomberg All it took was two lunchtime tweets, sandwiched between posts complaining about the results of the Kentucky Derby and another gripe about “Angry Democrats,” for investors around the world to rip up their playbooks for 2019. What has replaced those playbooks now that US President Donald Trump has made good on his Twitter threats to boost tariffs on $200 …

Bloomberg Bitcoin surged more than $1,000 this weekend to the highest level since August, as cryptocurrencies extended their rebound from a slump last month amid the New York attorney general’s investigation of a key part of the market. Bitcoin rose as much as 6.9 percent to $7,445, before trading at $7,323.86 in Hong Kong on Sunday, according to Bitstamp. All …

Bloomberg The global stock selloff triggered by worries over the outlook for trade extended into a third day, with US equity-index futures and European shares tracking declines across Asia. The pound slipped as hopes for a Brexit breakthrough faded. Contracts for the S&P 500, Nasdaq 100 and Dow Jones Industrial Average had been stable for much of the European morning, …

Bloomberg Producers of household items have been India’s best stock market bets for years. But the consumption slowdown in the world’s fastest-growing major economy is rubbing the sheen off these shares. The 74-member S&P BSE Fast-Moving Consumer Goods Index, which has had only one down year since 2006, has bucked the gains in the nation’s benchmark measure. And some of …

Bloomberg US equity-index futures extended declines on Tuesday alongside stocks in Europe as the gloom surrounding the outlook for global trade refused to dissipate. The dollar gained and Treasury yields were steady. Contracts on the S&P 500, Dow Jones Industrial Average and Nasdaq 100 all retreated as China’s top trade negotiator prepares to visit Washington this week to salvage a …

Bloomberg Pound traders are more upbeat on the outlook for Brexit as the government and opposition Labour party hold a crunch meeting to try and reach a deal. One-week risk reversals on the pound-dollar pair, a measure of market positioning, signal investors are the most optimistic on the pound in almost five months. There is only around a one-in-three chance …

Bloomberg Bitcoin climbed to a fresh 2019 high, approaching the $6,000 level for the first time since November. The largest digital coin advanced as much as 4.7 percent to $5,961, before paring its gain to 3.4 percent in New York, according to Bloomberg composite pricing. Most of the other highly traded tokens were mixed, lagging Bitcoin. The world’s most-followed cryptocurrency …

Bloomberg Indian equities joined Monday’s sell-off across risk assets amid worries that a fresh spat between the US and China may delay the widely-anticipated trade truce between the world’s two biggest economies. The S&P BSE Sensex declined 0.9 percent to 38,600.34 at the close in Mumbai, falling for a fourth consecutive session, its longest losing streak since February. The NSE …

Bloomberg Chinese tech and telecom stocks were the hardest hit on Monday as two tweets from US President Donald Trump soured the outlook on trade talks and sent global markets plunging. A gauge of information technology stocks dropped 5.8 percent, the most since July 2015, leading the MSCI China Index lower. Telecom equipment maker ZTE Corp tumbled as much as …

Bloomberg Bond traders will have one word on their minds as they gear up for the latest readings on inflation: “ transitory.” That’s how Federal Reserve Chairman Jerome Powell characterised the factors behind muted price pressures after the policy meeting, where officials kept interest rates unchanged. Markets whipsawed on his comments, with benchmark 10-year Treasury yields bouncing off their lowest …