Stocks

US stocks extend losses; Treasuries resume rally

Bloomberg US equities extended losses and European shares climbed as investors reassessed the strong rally that started the week. Treasuries resumed their charge higher, while the pound weakened after Britain’s parliament once again failed to reach a consensus on Brexit. The Dow was dragged down by Walgreens Boots Alliance Inc after lower pharmacy reimbrusements hurt earnings at the drugstore chain. ...

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Bitcoin surges as cryptocurrency market returns to life

Bloomberg An abrupt surge in Bitcoin sent the world’s most popular cryptocurrency to the highest level since November, jolting the $160 billion market for digital assets after three months of calm. Traders struggled to pinpoint reasons for the rally, though some noted a flood fresh interest after Bitcoin breached the $4,200 level. The cryptocurrency briefly topped $5,000 and the value ...

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Stocks advance, Treasuries slide on upbeat China data

Bloomberg Stocks strengthened worldwide as strong manufacturing data out of the world’s second largest economy helped ease investor worries about a slowdown in global growth. Treasuries extended losses after as a gauge of US factories topped estimates in March. The S&P 500, Dow and Nasdaq were all in the green. Shares of Lyft dropped below its IPO price as analysts ...

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Bitcoin reaches 2019-high

Bloomberg Bitcoin advanced to the highest level of 2019, the latest milestone for cryptocurrencies as they claw back from a year that saw three-quarters of their market value wiped out. The biggest digital coin on Monday rose as much as 1.6 percent to $4,135.60, the top intraday level since December 24, according to weekday trading data compiled by Bloomberg. So-called ...

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Resurgent India bulls look to RBI to keep market rally going

Bloomberg Indian markets have staged an eye-catching comeback in March after taking a drubbing in the first two months of the year, and bulls are salivating at the prospect of more gains. Foreign investors who shunned rupee bonds and stocks in the wake of border skirmishes with Pakistan have returned as tensions eased, with inflows eclipsing those for closely-watched emerging-market ...

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Worst-performing stocks in Ghana as foreigners exit

Bloomberg Ghana’s stocks are the worst-performers globally in the first quarter after a sell-off by foreign investors hobbled the local currency and demand from local institutional investors dried up. The Ghana Stock Exchange Composite Index has lost more than 14 percent this year, making it the laggard in dollar terms among 94 global equities benchmarks tracked by Bloomberg. The index ...

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Stocks fall as Treasuries rally on global outlook

Bloomberg The rally in bonds gained momentum as traders turned their focus to a worrying economic outlook. Stocks fell, while the dollar rose. Treasury 10-year yields slid below 2.4 percent and rates on benchmark German bunds sank deeper under zero after European Central Bank President Mario Draghi said that an accommodative policy stance is still needed. Energy shares led losses ...

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China’s stock traders pay most in decade for same banks

Bloomberg China’s financial sector is dividing opinion across its borders in a way not seen since the global credit crisis. Traders on the mainland are paying the most in more than a decade for shares of Chinese banks, brokerages and insurers relative to their offshore-based counterparts, according to data compiled by Bloomberg. The same firm is now on average 54 ...

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Stocks climb as Treasury rally takes breather; dollar rises

Bloomberg US stocks rallied and Treasuries fell as investor concern over an economic downturn showed signs of easing. The dollar edged higher. Every industry in the S&P 500 Index advanced, with technology and consumer shares leading gains. The yield on benchmark US debt rose after closing below 2.4 percent though the spread between three-month and 10-year rates remained in negative ...

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