Stocks

Bloomberg The government is feuding, the budget numbers don’t add up, questions are swirling around banks. But Italy’s stock market is on a roll. The FTSE MIB benchmark has risen 7.6 percent this year, the best performer among major European markets, helped by gains at oil services company Saipem SpA as well as from recently added member Juventus Football Club …

Bloomberg US stocks gained amid signs of a better-than-expected start to the earnings season. The pound was little changed against the dollar before a vote on the UK’s government. The S&P 500 rose to within a whisker of its average price over the past 50 days, a level it hasn’t breached since early December. Financials buoyed major indexes as Goldman …

Bloomberg Big investors who’ve soured on cryptocurrencies because of the industry’s billion-dollar theft problem will soon have a new way to trade that’s touted as a safer solution. By the end of the month, BitGo Inc’s customers will be able to buy or sell Bitcoin, Ether and other digital assets without the coins ever leaving cold storage — in other …

Bloomberg Technology shares pushed major indexes higher after China ratcheted up stimulus measures to combat slowing growth. Treasuries and the dollar advanced. The S&P 500 rose for the first time in three sessions as senior Chinese officials vowed to cut taxes to boost the economy, lifting technology companies battered by concerns about the rising impact of the US-China trade war. …

Bloomberg China’s yuan is shrugging off poor economic data to head for its strongest level in six months, but the gains are coming so fast they’re casting uncertainty over the rally’s longevity. The currency rose as much as 0.42 percent to 6.7383 per dollar on Tuesday, in line for its highest close since July. It has rallied 1.8 percent this …

Bloomberg Indian stocks rose, joining peers across Asia, as inflation in December eased to an 18-month low, increasing the odds that the central bank may reduce rates helping revive demand and lower the cost of borrowing for companies. The S&P BSE Sensex advanced 1.3 percent to 36,318.33 at the close in Mumbai, snapping three sessions of decline and clocking its …

Bloomberg US stocks declined as weak Chinese trade data spurred concerns about slowing global growth. Treasuries rose and the dollar edged lower. The S&P 500 fell after rising for a third straight week, led by technology shares after slumping Chinese exports fuelled concerns about the growing impact of the US-China trade war on global growth. PG&E plunged after the utility …

Bloomberg The pound’s most accurate forecaster isn’t buying into the optimism of his peers. Sterling will slide more than 3 percent to $1.24 by the end of March as even the most favourable Brexit outcome will mean the economy will be worse off than if “remain” had won the 2016 referendum, according to Westpac Banking Corp. The median estimate in …

Bloomberg Many financial markets are already signalling that the US is more likely than not hurtling towards recession. But will they prove prescient or overly fretful? The prospect of a widespread yield inversion in the Treasury market, which has preceded US downturns for more than half a century, has generated the most alarm and is edging even closer to fruition. …

Bloomberg Technology stocks have seen solid gains since tumbling to a 15-month low late last month, but investors aren’t convinced that that low represents a bottom for the sector, which has been volatile amid questions over growth and valuation. The S&P 500 information technology index is up 10 percent since the close of trading on December 24, when it ended …