Stocks

Bloomberg It may not be obvious amid the screaming headlines — about currency manipulation, Fed jawboning, Russia summit, yuan weakening, etc. — but US stocks continue their low-volatility, bull-market grind higher. The 2,800 level on the S&P 500 has been bested three sessions in a row on a closing basis — and is on pace for a fourth. That level …

Bloomberg Egypt is considering adding companies to the list of state-run firms in which investors can secure majority stakes as it readies to launch a programme aimed at reviving the battered public sector. The government is planning to start with the sale of Heliopolis Housing and Eastern Tobacco in October, Public Enterprise Minister Hisham Tawfik said. So far, however, a …

Bloomberg US equities mostly edged lower as shares of slumping energy and technology companies offset gains in financials after Morgan Stanley earnings beat forecasts. European shares advanced after a mixed session in Asia. The Nasdaq Composite Index dropped from a record high as Google parent Alphabet Inc. faced a $5 billion fine and Twitter was downgraded. The dollar strengthened as …

Bloomberg The yuan fell to the lowest since August as the dollar rallied, raising speculation that Chinese officials are comfortable with the currency’s weakness. The yuan fell as much as 0.29 percent to 6.7229 per dollar, while the overseas-traded currency also weakened. Chinese stocks reversed earlier gains, with the Shanghai Composite Index and the Hang Seng China Enterprises Index closing …

Bloomberg US technology shares pared losses as investors downplayed the impact of Netflix’s disappointing subscriber growth for the rest of the FAANG stocks. The dollar strengthened as Federal Reserve Chairman Jerome Powell made the case for further tightening. The Nasdaq 100 climbed from its lows as Facebook turned positive and Broadcom and Nvidia rallied. The S&P 500 was little changed, …

Bloomberg Losses in Chinese equities accelerated Tuesday, with a gauge of stocks in Hong Kong closing at its lowest level since last August. The Hang Seng China Enterprises Index fell 1.1 percent, its biggest loss since July 11. The Shanghai Composite Index dropped 0.6 percent for its third straight decline. Oil producers weighed heavily on both gauges after crude slumped …

Bloomberg US equities drifted between gains and losses and European stocks were mixed as traders looked towards company results after lackluster economic data out of China spurred declines for many Asian shares. The dollar weakened against most peers. Earnings were better-than-expected from the likes of Bank of America Corp. and BlackRock Inc. while there was an upbeat early release from …

Bloomberg The pound picked up on Monday against a weaker dollar, with further gains seen dependent on the progress of the UK’s Brexit plans and whether data will cement the odds of a Bank of England interest-rate increase. Sterling’s moves could be influenced by any response from UK lawmakers or the European Union to the British prime minister’s “white paper” …

Bloomberg The Nasdaq 100 is at a record, stocks have just strung together two straight weeks of gains and one of the best earnings seasons in a decade is at hand. Bears vanquished? Not entirely. While benchmark measures of volatility are as calm as they’ve been in five months, among individual stocks anxiety is running high. It’s showing up in …

Bloomberg The Japanese stock market got an extra lift around 10:30 am on July 12 in Tokyo. China had started trading, and it had opened higher. But that was a rare lucky day for investors who got used to losses this year, with the Topix index becoming one of the worst performers among developed-market gauges. As the US-China trade conflict …