Stocks

US stocks set to drop as dollar slips, oil gains

  Bloomberg US stock futures slipped and the dollar’s rally faltered after Donald Trump fired FBI Director James Comey. Oil climbed following an industry report that showed American stockpiles declining for a fifth week. The greenback headed for the first drop in three days in the wake of Trump’s move, and after Federal Reserve Bank of Dallas President Robert Kaplan ...

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China stock shakeout creates most divided market in 15 years

  Bloomberg All Chinese stock indexes are not equal. As Beijing intensifies a campaign to clean up markets and reduce leverage, state-owned enterprises that dominate old growth industries, such as banks and commodity producers, have been among the worst hit, while new-economy shares remain in favor among overseas investors. That’s led to a yawning gap between the nation’s two main ...

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Euro slips after Macron win, dollar rises

  Bloomberg Europe’s common currency weakened and equities dropped following a convincing defeat of populism in France’s presidential election that investors had already priced in. Crude fluctuated even as Saudi Arabia and Russia signaled output cuts will be extended. The euro fell after climbing for five of the past six days in the buildup to the election of Emmanuel Macron ...

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Shareholders revolt against Pearson CEO’s $2mn pay

  Bloomberg Pearson Plc Chief Executive Officer John Fallon suffered the largest shareholder rebellion so far this year in the UK, with about 61 percent of votes cast against the education company’s pay report at the annual general meeting. The vote on the report, which covers pay for 2016 and includes share awards, isn’t binding and doesn’t require the company ...

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US futures rise as crude, metals slumps worsen

  Bloomberg US stock futures pointed to a higher opening and European equities advanced amid positive earnings reports. Brent crude slid below $50 a barrel for the first time since March, while the rout in metals prices worsened. The S&P 500 Index looked to snap a string of meager moves, and the Euro Stoxx 600 climbed as Met Life Inc. ...

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Stocks sag on Apple miss, dollar climbs before Fed

  Bloomberg US stock futures pointed to a downbeat opening after European shares fell from a 20-month high as investors digested poor overnight news on Apple Inc. earnings. The dollar strengthened before a Federal Reserve meeting where policy makers will need to mull over another soft patch in the US economy. Apple Inc. fell 1.2 percent in pre-market New York ...

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Global stocks climb amid earnings as yen weakens

  Bloomberg Global stocks headed for a fresh high as many markets reopened with investors focusing on stronger corporate earnings. The yen extended losses while Treasuries maintained declines. The MSCI All-Country World Index was poised for a record close, while European shares advanced. US stock futures edged lower. European government bonds fell across the board. Treasury yields climbed after Steven ...

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US stock, futures rise on Congress deal, oil dips

  Bloomberg Stocks and US futures climbed, while the yen slipped as a tentative deal by the US Congress to avert a government shutdown offset weaker economic data from China. US stocks looked set to add to their best week since February, as earnings season rolls along. Data on Monday indicated consumer spending stalled in March, adding to signs of ...

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Bond traders’ inflation bets have new life

  Bloomberg Bond traders demonstrated this week that for all the doubts about the Trump trade, wagers on quicker inflation still have life. Look no further than the US 10-year breakeven rate. It climbed the most on a weekly basis this year, rising back toward 2 percent, suggesting the market is starting to hop back on the inflation bandwagon. The ...

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US stocks mixed, euro falls on ECB

  Bloomberg US stocks fluctuated with the dollar as the Trump administration signaled its commitment to Nafta, while the euro edged lower after the European Central Bank boosted its assessment of the region’s economy without discussing tapering asset purchases. Crude sank below $49 a barrel. The S&P 500 Index’s move toward an all-time high faltered anew and Treasuries slipped after ...

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