Stocks

Bloomberg It’s not what have you done for me lately. For companies in the S&P 500 Index, it’s what will you do for me next. And that’s proving a thorny question for US equity bulls. Another week of stellar earnings reports has gone by without any payoff in stocks. Even Friday’s rally, the biggest in almost a month, couldn’t turn ...

Bloomberg Once again, the pound’s fortunes lie with the Bank of England. Traders will scrutinise the central bank’s policy decision on Thursday for any signs that an interest-rate hike this year is still in the cards. A lot of bad news has already been baked into the UK currency and a “relatively hawkish hold” from the BOE could push it ...

Bloomberg US equities drifted lower as investors digested earnings reports and shifted focus to the Federal Reserve’s imminent rate decision. The dollar recovered from earlier losses to surge for a third straight session, while Treasuries were little changed. The S&P 500 Index declined in Wednesday trading, with healthcare and financial stocks among the laggards. Tech shares moved higher on the ...

Bloomberg There’s been lots of competition for the title of Asia’s best-performing stock market this year. Among the major equity indexes in the region, eight have climbed to records in the first four months alone. On Wednesday, Singapore’s Straits Times Index nudged higher, boosting this year’s gain to 6.2 percent in local currency terms, and took the top spot from ...

Bloomberg US stocks opened lower on Tuesday, when much attention will be focused on Apple Inc.’s earnings report after the close. The dollar extended its rally, while UK equities climbed during a lackluster session in which many major markets were closed. The S&P 500 Index fell in morning trading, with industrial and energy stocks leading a broad-based, if shallow, decline ...

Bloomberg Plus500 Ltd., the brokerage for complex derivatives sold to retail investors, soared to the highest on record as demand for cryptocurrencies swelled, while British lender Barclays Plc signalled it may begin to trade in similar products. Shares in Plus500 surged to the highest level since the Haifa-based firm first sold shares to the public in 2013, as revenue more ...

Bloomberg In a week where equity investors got spooked by higher rates and peaking growth, robust earnings from tech giants fell just short of keeping the market afloat. Stocks got slammed when Caterpillar’s “high water mark” comments on profit came just hours after the first 3 percent yield on 10-year Treasuries in four years. It took earnings-fuelled rallies from heavyweights ...

Bloomberg A new decentralised cryptocurrency market co-founded by a veteran of automated trading firm Virtu Financial Inc. handled more than $1 million of transactions. Michael Oved’s company, AirSwap, which began operations last week, probably feels like a contradiction to many on Wall Street: A market with no central place where buyers and sellers gather. Instead, bulletin boards on the company’s ...

Bloomberg US stocks pared losses as investors mulled the impact of rising US bond yields and disappointing earnings. The dollar resumed its rally, climbing to the highest in three months. “The sharp sell-off in rates has hijacked market sentiment,” Mark McCormick, the North American head of foreign-exchange strategy at Toronto-Dominion Bank, wrote in a note to clients. “The 3% level ...

Bloomberg After three weeks of intense volatility, metal markets seem to be calming down. Aluminum steadied after a four-day selloff that accelerated after the US decision to ease sanctions against United Co. Rusal. Nickel advanced as the Philippines moved forward with a plan to limit the area of land miners are permitted to exploit. Most other metals were little changed. ...