Stocks

  Bloomberg Here’s another way of thinking about how far stocks have come in nine years. Relative to balances in money market funds and cash among mutual fund managers, the value of global equities is the highest in almost two decades. That observation courtesy of Ned Davis Research, which framed the comparison as an indication “cash is underweight” in Planet …

  Bloomberg US stocks slipped with Treasuries, while gold advanced as caution rippled through markets after Federal Reserve Chair Janet Yellen all but assured investors that interest rates will rise next week. The S&P 500 Index slipped, with JPMorgan Chase & Co. warning that hawkish Fed rhetoric has increased the likelihood for a short-term pullback. The dollar and Treasuries were …

  Bloomberg China’s top underwriter of convertible bonds said there is “substantial” scope for sales to grow this year as regulators curb secondary share offerings, providing investors with more options for betting on the nation’s rising equity market. China International Capital Corp., which has arranged $7.7 billion of convertible notes onshore and offshore in the past seven years, said issuance …

  Bloomberg The dollar extended gains, while Treasuries retreated as bets increased that the Federal Reserve will raise rates in two weeks. US stocks fell from records as a torrid run in bank shares ended. Lenders led declines a day after reaching the highest level since 2007, while energy producers slipped with the price of crude. Data showing U.S. jobless …

  TOKYO / AP Global stocks turned higher on Wednesday after US President Donald Trump delivered a relatively upbeat speech to the US Congress. Investors were watching for signals on what’s ahead in trade, regulations and tax policies, though they got few specifics. France’s CAC 40 gained 1.6 percent to 4,936 and Germany’s DAX jumped 1.4 percent 11,998. Britain’s FTSE …

  Bloomberg Global equity investors who had shunned Europe for months are back, and at the expense of the US Since October, global funds have made a “significant rotation” out of US stocks into Europe excluding the UK and into Japanese equities, equity strategists at HSBC Holdings Plc wrote in a note. The shift comes as banks including Goldman Sachs …

  Bloomberg Behind the scenes of a stock market on a tear since Election Day are signs that investors have begun to worry about a rupture. They’re anxious before Donald Trump’s address to Congress on Tuesday, after a run-up that lifted the Dow Jones Industrial Average every day since the president promised a “ phenomenal” plan to cut taxes. One …

  Bloomberg US stocks fluctuated near all-time highs, while the dollar and Treasuries retreated as investors awaited clues on President Donald Trump’s spending priorities. Politics set the tone in Europe, with the pound retreating and French bonds gaining. The Dow Jones Industrial Average looked to add to its longest rally since 1992, while 10-year Treasury yields climbed for the first …

  Bloomberg China’s insurance regulator banned Evergrande Life Insurance Co. from stock investments for one year, stepping up its crackdown on the industry’s most “radical” investors in a bid to rein in risks. The China Insurance Regulatory Commission also lowered Evergrande Life’s ceiling on equity holdings to 20 percent of assets, from a 30 percent requirement, and barred two executives …

  Bloomberg Aflac Inc., the largest seller of supplemental health insurance, has started betting on infrastructure debt at its US and Japan businesses. The insurer, which pushed into that asset class in the fourth quarter, invested $13 million in the debt last year at its Japan operation and $2 million at its US business, according to a regulatory filing. Aflac …