Stocks

Bond traders face gut-check in record $300bn US auctions

Bloomberg Bond bulls who enjoyed a rare rally in short-term Treasuries last week might not want to get too comfortable: The world’s biggest debt market is about to be inundated with an unprecedented wave of issuance. The US Treasury will probably auction about $294 billion of bills and notes this week, its largest slate of supply ever. The $30 billion ...

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Stocks fluctuate, dollar drops ahead of Fed’s policy meeting

Bloomberg US stocks swung between gains and losses, the dollar weakened and Treasuries steadied as traders await the Federal Reserve’s first policy decision since Jerome Powell took the helm. The S&P 500 Index fluctuated, while the Dow Jones Industrial Average and Nasdaq Composite Index edged lower. Leisure companies and banks were among the biggest losers in the Stoxx Europe 600 ...

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Stocks recover from technology sell off; yields rise, oil climbs

Bloomberg Energy-related companies led a rise in US stocks as equity markets looked to shrug off weakness in technology. Government bond yields increased as investors braced for higher US borrowing rates. Oil climbed to a two-week high as output curbs by OPEC and its allies continued to deplete the remnants of a global supply surplus, helping to lift the shares ...

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As VIX surged again, traders bet on Credit Suisse leveraged note

Bloomberg During the equity rout, investors were not only back to betting on volatility’s return, they were doing so using a leveraged security from the firm at the nexus of last month’s stock selloff. As a jump in the VIX spurred activity across volatility-related securities, the exchange-traded product that had the highest volume was the VelocityShares Daily 2x VIX Short ...

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Stocks slide amid technology sell-off; Brexit spurs pound

Bloomberg Stocks declined globally on Monday amid a technology sell-off and as investors braced for a week packed with risk events, from central bank decisions to a G-20 gathering. Government bonds also fell, while the pound jumped on a Brexit breakthrough. US stock slumped as tech companies were roiled by weekend reports of a Facebook Inc. data breach and Apple ...

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Weakening FANG stocks stir overnight volatility in US equity futures

Bloomberg A steady weakening in US equity futures snowballed into one of the biggest drops in a month for Nasdaq 100 contracts, as pre-market trading revealed losses of around 1.5 percent in Apple Inc., Facebook Inc., Alphabet and Amazon.com. Facebook was in the spotlight as government officials in the US and Europe were demanding answers from the company after reports ...

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Traders at mercy of strongest S&P 500 cross-currents in a year

Bloomberg This is no longer a market that mixes relentless gains with the occasional sharp downdraft. For the third week in a row, the S&P 500 Index reversed some or all of the prior week’s performance. This time it fell, albeit with 2018’s smallest decline, after climbing 3.5 percent in the previous five days. It was a pattern of alternating ...

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US stocks turn lower, dollar steady on weak retail report

Bloomberg US stocks sank as weak retail sales fanned concern that consumer spending is cooling, while the dollar held steady on bets the Federal Reserve won’t be forced to quicken the pace of rate hikes. Ten-year Treasury yields tightened. The drop in retail spending provided a second data point, after Tuesday’s tepid inflation figures, to suggest unsteady growth in the ...

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Indonesian Bitcoin investors to outnumber stock participants

Bloomberg The biggest Indonesian platform to buy and sell digital currency may soon have more members than the nation’s century-old stock exchange. Indonesia Digital Asset Exchange, formerly known as Bitcoin.co.id, will have 1.5 million members buying and selling digital currencies such as bitcoin, ethereum and ripple by the end of the year, according to Chief Executive Officer Oscar Darmawan. The ...

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US stocks retreat after tame inflation report; Bitcoin climbs

Bloomberg US stocks pared earlier gains as a decline in oil and technology shares offset speculation that the Federal Reserve won’t be forced to accelerate the pace of rate hikes. Personnel moves in the White House may also be giving traders pause. The S&P 500 Index rose above 2,800 for the first time since early February before retreating. An inflation ...

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