Stocks

Bloomberg The Canadian dollar reached its strongest level in four months as the nation joined the US and Mexico in a trade deal to replace the North American Free Trade Agreement. The loonie appreciated about 0.8 percent and touched as strong as C$1.2787 against the greenback, while Mexico’s peso rose for a fourth day. The new trade deal will be ...

Bloomberg US stocks delivered the best quarterly run in almost five years, luring retail investors back into the longest bull market on record just as Wall Street started sounding the alarms. Individual investors drew down cash balances at brokerage accounts to record lows as the S&P 500 surged 7.2 percent in the three months last week. Meanwhile, big banks from ...

Bloomberg With little prospect of a restart for US-China trade talks, JPMorgan Chase & Co. now expects an escalation in tensions that will see higher American tariffs on all Chinese imports, sending the yuan sliding to its weakest against the dollar in more than a decade. “JPMorgan has adopted a new baseline that assumes a US-China endgame involving 25 percent ...

Bloomberg US equities edged higher as markets largely entered a holding pattern before the Federal Reserve’s rate decision. The dollar climbed with Treasuries. Pharmaceutical companies were among the best performers while energy shares lagged behind as Brent oil pulled back from a four-year high. Nike Inc. fell as much as 3 percent after reporting earnings. The pound weakened as Theresa ...

Bloomberg Oil dropped as US crude inventories rose for the first time in more than a month. Futures dipped as much as 1 percent on Wednesday in New York. Nationwide, crude stockpiles expanded by 1.85 million barrels last week, the first increase since early August, the Energy Information Administration said. Refiners are buying less crude as post-summer maintenance work ramps ...

Bloomberg US stocks were mixed after President Donald Trump said China is taking advantage of the US on trade while oil producers rallied on stronger crude prices. Treasuries fell as the Federal Reserve started its two-day policy meeting. US benchmarks briefly fell to their lows of the day as Trump told the United Nations that the US trade deficit with ...

Bloomberg Crude approached a four-year high after OPEC signaled it may not replace Iranian oil that’s disappearing from global markets as US sanctions loom. Futures rose as much as 1.7 percent in London on Tuesday. OPEC shrugged off the threat to Iranian supplies over the weekend, spurring some of the world’s most-sophisticated traders to forecast a return to $100-a-barrel oil. ...

Bloomberg US stocks slipped on growing trade tension and after reports that Deputy Attorney General Rod Rosenstein will leave his post. Oil climbed and the euro rallied. As a Justice Department shakeup threatened to increase political turmoil, industrial shares led US equity indexes down after China warned it won’t meet with American officials unless they stop threatening to expand tariffs. ...

Bloomberg India’s market regulator is examining Friday’s sharp moves in shares of Dewan Housing Finance Corp., Yes Bank Ltd. and other lenders for possible trading irregularities, people with knowledge of the matter said. The Securities and Exchange Board of India is looking into whether brokers and investors colluded during the sharp selloff and subsequent recovery in financial shares, the people ...

Bloomberg Investors stung by the sell-off in gold are going to need more than cheap equities and stabilising bullion prices to wade back into mining-company stocks. Bullion has slipped 8.2 percent this year as a stronger dollar and expanding global economy diminished demand for the metal as a haven. Miners have fared even worse, with the Philadelphia Stock Exchange Gold ...