Stocks

Bloomberg The real winner from the trade thaw between the US and China is proving to be the yuan. The currency rose 0.66 percent to 6.8403 per dollar, taking its two-day gain to 1.7 percent, the biggest since at least 2007. Bonds rallied, with the yield on 10-year government debt falling to its lowest level since April 2017, amid speculation ...

Bloomberg US stocks rallied, Treasuries turned higher and the dollar fell after a dovish tone from the Federal Reserve chairman fueled speculation the central bank is closer than thought to pausing on rate hikes. The S&P 500 surged to a session high and the Dow Jones Industrial Average jumped more than 400 points after Jerome Powell said rates are “just ...

Bloomberg The pound could revisit this year’s high above $1.43 if Brexit uncertainty is removed, as long-term foreign investors are waiting in the wings to scoop up UK assets for their attractive valuation, according to NatWest Markets. Sterling is undervalued against most Group-of-10 currencies in terms of OECD purchasing power parity. It has fallen 14 percent against the dollar, 13 ...

Bloomberg Bitcoin’s biggest gain since July is providing some relief to battered cryptocurrency investors, but it may be too soon to call a bottom. That’s the assessment of Kenetic Capital’s Jehan Chu after Bitcoin rallied, climbing 5.6 percent to $3,980 in Hong Kong. The virtual currency is on course for its largest advance since July 24, according to Bloomberg composite ...

Bloomberg US stock futures fell as trade tensions with China flared and investors assessed comments from a Federal Reserve official. Treasuries declined. S&P 500 futures dropped after President Donald Trump threatened China with more tariffs days before a sit-down with his counterpart Xi Jinping. Apple looked set to fall deeper into a bear market as Trump suggested levies on mobile ...

Bloomberg Nasdaq Inc. is moving ahead with a plan to list Bitcoin futures, according to two people familiar with the matter, betting on sustained interest despite the cryptocurrency’s dramatic plunge over the past year. Nasdaq has been working to satisfy the concerns of the US’s main swaps regulator, the Commodity Futures Trading Commission, before launching the contracts, the people said. ...

Bloomberg Beaten-down tech shares led the rebound in US stocks, while Treasuries fell as investors gained confidence from positive political developments in Europe and rising oil prices. The S&P 500 Index rallied back from its worst week in a month amid signs of progress in two standoffs that have continually rattled markets — Italy’s fiscal woes and Brexit. The 10-year ...

Bloomberg Bitcoin miners hit hard by the cryptocurrency’s crash may be throwing in the towel. The Bitcoin network’s hash rate, one way of gauging the computing power dedicated to mining the digital currency, dropped about 24 percent from an all-time high at the end of August through November 24, according to Blockchain.com. While the decline may have partially resulted from ...

Bloomberg Nine turbulent weeks and a correction in US stocks have left analysts with a thorny question. What’s the market saying about the economy? And while few see incontrovertible signs investors are bracing for a recession, it’s a word that’s been coming up more as they seek a signal in the chaos. From the ascent of defensive industries to the ...

Bloomberg The tech sell-off isn’t something UBP Asset Management Asia Ltd.’s Michiel van Voorst is too worried about. What he’s interested in: treasure hunting in the market wreck. The chief investment officer for the region’s equities sees opportunities to invest in companies trading at 6 to 7 times price-to-earnings ratios and around 5 percent dividend yields. That gives investors plenty ...