Stocks

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. ...

Bloomberg Major US equity indexes followed European and Asian stocks higher as the corporate earnings season gathers pace. Benchmark 10-year Treasury yields pierced the 3 percent level for the first time since 2014, while the dollar retreated from the highest level since January. Corporate earnings remained in focus with 180 S&P 500 firms reporting this week. Alphabet Inc. slipped as ...

Bloomberg The world’s biggest cryptocurrencies rose again on Tuesday, extending their April rally deep into its fourth week and taking this month’s increase to more than 75 percent. Ethereum, Bitcoin Cash and EOS helped lead the advance, prices compiled by Bloomberg and Coinmarketcap.com show. Market leader Bitcoin climbed 4.4 percent; its trading volume in the 10 biggest exchanges has topped ...

Bloomberg London Stock Exchange Group Plc’s directors should be prepared to confront “behavioural and performance issues” among management, according to a review that absolved its board of blame in the acrimonious departure of former CEO Xavier Rolet. Rolet abruptly left LSE in November amid a battle between the 217-year-old bourse’s board and activist investor TCI Fund Management, which wanted Rolet’s ...

Bloomberg The dollar rallied at the start of a week packed with catalysts, from economic data to new debt supply, as the yield on benchmark US Treasuries threatened to climb above 3 percent. Equities in the US fluctuated. The greenback strengthened against major peers as the yield on the US 10-year note hit 2.99 percent for the first time since ...

Bloomberg Love the currency, hate the stocks. Thanks to a strong exchange rate, clouds are once again gathering over European equities. That’s because the euro’s appreciation to an almost three-year high could mean overseas earnings lose some of their shine after conversion. Each 10 percent gain in the euro trims about 6 percent off earnings per share, Credit Suisse Group ...

Bloomberg Bond traders agonizing over the flattening US yield curve got a bit of a break last week. But with a flood of Treasury supply about to hit the market, they’ll have little time to catch their breath. The US will issue a combined $96 billion of two-, five- and seven-year notes this week, the largest slate of fixed-rate coupon ...