Bloomberg European stocks were little changed amid deal activity, as gains in telecommunications firms led by Deutsche Telekom AG offset a slide in Unilever NV. The Stoxx Europe 600 Index added less than 0.1 percent at 11:45 a.m. in London, trimming earlier gains of as much as 0.5 percent. The volume of member shares traded was a fifth lower ...
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Gasoline glut in New York has traders sending cargoes abroad
Bloomberg The biggest gasoline market in the US is bursting at the seams. Traders are lining up to export gasoline and diesel from New York Harbor, an area that normally relies on fuel imports from Europe and eastern Canada, shipping data compiled by Bloomberg show. While at least 6 cargoes that were headed to New York from Europe in ...
Read More »Risk rally eases as US stocks mixed, bonds climb
Bloomberg The torrid advance in riskier assets eased, with US equities slipped from records after the longest rally in three years and Treasuries rising for the first time in six days. Equity benchmarks slipped from records attained amid optimism that the economy is growing fast enough to withstand higher interest rates. Data on Thursday did little to alter that ...
Read More »Treasuries slump, dollar gains as inflation jumps
Bloomberg More evidence that inflation has taken hold in the US economy spurred bets that the Federal Reserve is clear to raise interest rates as soon as March, fueling a selloff in Treasuries and lifting the dollar. Stocks rose to records as oil reversed losses. The 10-year Treasury yield topped 2.50 percent, while the dollar strengthened against major peers ...
Read More »Treasuries, stocks fall as dollar gains on Yellen
Bloomberg Treasuries fell, US stocks slipped from records and the dollar rose after Janet Yellen reiterated her view that further tightening is warranted if the economy maintains its growth trajectory. The yield on the 10-year Treasury note added four basis points after the Federal Reserve chair’s testimony that more interest-rate increases will be appropriate if the economy meets the ...
Read More »Global banks said to consider Trump-related risk disclosures
Bloomberg The world’s biggest banks are poised to warn investors that President Donald Trump has the potential to roil global markets and impact their firms by redrawing regulations and limiting the free movement of employees, according to people familiar with the matter. US and UK banks are considering adding to their risk disclosures or beefing up particular sections in ...
Read More »Global stocks keep climbing as treasuries decline
Bloomberg Investors continued to add to reflation trades that were reinvigorated last week when President Donald Trump indicated details on his pro-growth policies were imminent. US stocks rose, the dollar strengthened and bonds retreated before data this week provide detail on the strength of US consumer prices. Speeches from a range of Federal Reserve officials will provide clues on ...
Read More »A $200bn Danish investor sorts bad hedge funds from good
Bloomberg The hedge fund business isn’t what it used to be. For starters, a lot of funds in the industry forgot to hedge at crucial moments over the past decade, according to the men now running the $200 billion wealth management unit of Denmark’s biggest lender, Danske Bank A/S. “If you look back over time, there are a lot ...
Read More »Asian stocks fall as Japanese decline offsets Chinese rally
Bloomberg Japanese equities slid ahead of Prime Minister Shinzo Abe’s Friday meeting with US President Donald Trump, offsetting a rally in Greater China shares to lead Asia stocks lower. “Japanese stocks are consolidating after the yen strengthened, while investors wait for more geopolitical catalysts,†said Nicholas Teo, a trading strategist at KGI Securities Pte. in Singapore. Japan’s Topix fell ...
Read More »Crude gains lift US stocks, bond rally falters
Bloomberg US stocks advanced as oil’s rise above $53 a barrel lifted energy producers before key reports from OPEC and the International Energy Agency. The dollar continued to churn in place, while Treasuries halted the longest rally in eight months. The S&P 500 Index edged within points of an all-time high, while equities in Europe rallied after solid results ...
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