Stocks

Bloomberg The UK has reached a crisis point and the pound is heading back towards its lowest levels since the Brexit vote, according to BlueBay Asset Management. A second Brexit referendum now seems the most likely outcome after Prime Minister Theresa May delayed Parliament’s vote on her divorce deal, according to the asset manager. The EU is unlikely to offer ...

Bloomberg Yuan traders haven’t been this dizzy since China’s shock devaluation roiled markets more than three years ago. The currency’s 10-day volatility surged above 8 percent on Monday, the highest level since August 2015. The wild trading contrasts with the calm that descended on Chinese financial assets less than weeks ago, before a meeting between Presidents Xi Jinping and Donald ...

Bloomberg US equities slumped with stocks in Europe and Asia as traders mulled the outlook for global growth and a potential escalation of tension between Washington and Beijing. The pound weakened as Theresa May was said to delay a crucial Brexit vote. The S&P 500 Index was led lower by banks and energy companies as technology shares fared better following ...

Bloomberg The pound dropped to its weakest level in almost 18 months and government bonds rallied as UK Prime Minister Theresa May was said to have called off a crucial vote in Parliament on her Brexit deal. Sterling weakened versus all its Group-of-10 peers as the vote, set originally for Tuesday, would be rescheduled, according to a person familiar with ...

Bloomberg After the longest advance in Treasuries since April, bond traders banking on even lower yields have some hurdles to clear as the market prepares to absorb $78 billion in new coupon-bearing debt and some key readings on the economy. A five-week rally has brought benchmark 10-year yields to the brink of the lowest levels in the past six months, ...

Bloomberg Cryptocurrencies continued their epic slide with a fresh bout of losses after the SEC dashed hopes that a Bitcoin exchange-traded fund would appear before the end of this year. Bitcoin, the largest digital token, slumped as much as 10 percent, taking it down past $3,250 to the lowest level since September 2017, according to consolidated pricing compiled by Bloomberg. ...

Bloomberg European and Asian stocks dropped following the rout on Wall Street, though declines were contained and US equity futures rose after China pledged to start delivering on trade agreements reached with America. The pound erased a gain as the UK government published legal advice relating to its proposed Brexit deal. Global markets were left reeling following the steep sell-off ...

Bloomberg India stocks declined after the central bank maintained its hawkish stance on inflation while keeping the key policy rate unchanged. The S&P BSE Sensex closed 0.7 percent lower at 35,884.41 in Mumbai. It fell as much as 1 percent after the decision. The NSE Nifty 50 Index slipped 0.8 percent. Markets across Asia tumbled following the biggest decline on ...

Bloomberg The rally in risk assets sparked by the trade truce faded as investors grew skeptical that the US and China made any meaningful breakthrough. The Treasury yield curve continued to flatten and the dollar retreated. The S&P 500, Dow Jones and Nasdaq indexes all gave up a chunk of Monday’s gains at the New York open, while the Stoxx ...

Bloomberg The pound rallied after an adviser to the European Union’s top court suggested that the UK should be allowed to reverse its notice to leave the bloc. Sterling snapped three days of losses following the non-binding opinion from Advocate General Manuel Campos Sanchez-Bordona of the EU Court of Justice, who said “the possibility continues to exist” to revoke the ...