Stocks

Bloomberg The pound climbed as Brexiteer Jacob Rees-Mogg signalled he could back the UK Prime Minister’s deal to leave the European Union, as he kept alive the possibility that her plan might pass through parliament, which did not. Sterling reversed earlier declines to lead gains across the Group-of-10 currencies as Rees-Mogg said Theresa May’s deal was “better than not leaving ...

Bloomberg US stocks extended losses as traders remained on edge following Friday’s sell-off. Treasuries and the dollar steadied. Technology and energy shares led declines in the S&P 500 Index, and a rebound in banks fizzled out. Ten-year Treasury yields traded near 2.44 percent after a closely-watched part of the US curve inverted as investors wager the Federal Reserve will need ...

Bloomberg The pound will rally if lawmakers vote to give themselves a say on what happens next with Brexit, strategists say. Sterling was expected to gain about 1 percent if UK parliament approved a motion to allow votes on Brexit options, said Jeremy Stretch, head of Group-of-10 currency strategy at Canadian Imperial Bank of Commerce. The move would give lawmakers ...

Bloomberg US exchanges handle about 29 percent of global Bitcoin trading — much more than previously thought because some unregulated rivals overseas are inflating their volumes, according to estimates from a firm working to create a crypto exchange-traded fund. The US is the world’s second-largest domicile for exchanges by trading volume after Malta, Bitwise Asset Management found in a report. ...

Bloomberg Investors are starting to doubt that Jerome Powell’s magic dust can keep working miracles in equities. The US Federal Reserve’s remarkably dovish stance got a polite but restrained nod from markets after trade tensions and profit woes returned to center stage. The S&P 500 Index fell 0.8 percent over the five days while the Stoxx Europe 600 Index posted ...

Bloomberg South Korea’s won has been the worst-performing Asian currency this year. Data this week may add to its woes. Industrial production and consumer confidence numbers will be in focus as traders seek to gauge whether the recent weakness in exports and inflation is spreading. Signs of slower growth may fuel bets the Bank of Korea will follow the Federal ...

Bloomberg US equities erased earlier losses after the Federal Reserve signalled that it won’t raise rates this year, saying economic growth has slowed. Ten-year Treasury yields narrowed and the dollar fell. As was widely expected, the central bank didn’t announce an interest-rate increase on Wednesday and took any hike off the table for 2019. That dovish turn was enough to ...

Bloomberg Indian equities closed mixed with traders cautious ahead of a public holiday and a US interest rate decision. Key stock indexes had gained in the previous seven days to more than six-month highs. The benchmark S&P BSE Sensex swung at least twelve times between losses and gains before ending the day up 0.1 percent at 38,386.75 in Mumbai. The ...

Bloomberg US equities climbed as investors awaited this week’s central bank decisions, including word from a recently more-dovish Federal Reserve. The euro strengthened while Treasuries slipped. The S&P 500 Index continued rising on Tuesday after climbing to a five-month high the day before. Consumer-discretionary, materials and semiconductor stocks led the charge. The Dow Jones and Nasdaq 100 gauges followed suit, ...

Bloomberg The rally in Chinese stocks has been bad news for the Hong Kong dollar. Equity investors are selling the currency for the Chinese yuan and buying mainland shares through the stock trading connects, according to Ronald Man, a strategist at Bank of America Merrill Lynch. That’s keeping the Hong Kong dollar lower in the spot market, he said. The ...