Stocks

  Bloomberg Oil halted gains near the highest closing price in five weeks as industry data showed U.S. gasoline stockpiles expanded, keeping supplies at the highest seasonal level in more than two decades. Futures were little changed in New York, having added 12 percent the previous four sessions after Saudi Arabia said it was prepared to act to stabilize markets. ...

  Bloomberg European stocks retreated in thin trading, after briefly paring losses, as a stronger euro weighed on exporters. Carmakers were among the biggest losers in industry groups as subdued prospects for a Federal Reserve rate increase this year weakened the dollar, sending the euro higher. Volkswagen AG slipped 1.7 percent after a report the US Department of Justice was ...

Bloomberg A rally in emerging-market assets ran out of steam after a Federal Reserve official said markets are underestimating the likelihood of a U.S. rate increase this year. The MSCI Emerging Markets Index surrendered a ninth day of gains after New York Fed President William Dudley said borrowing costs could go up as soon as next month. The currency gauge ...

  Bloomberg European shares were little changed, with Germany’s DAX Index erasing its annual drop, as investors assessed recent gains in light of the outlook for earnings and economic growth. Rebounding automakers posted the best performance of the Stoxx Europe 600 Index’s 19 industry groups. Volkswagen AG’s 1.4 percent advance buoyed the DAX, which entered a bull market last week, ...

  Bloomberg Emerging-market stocks posted the longest streak of weekly gains since Russia’s Crimean invasion ended a similar run in March 2014, on signs corporate earnings are recovering as central banks extend measures to support economic growth. Chinese shares rallied the most in a month as property companies advanced on speculation merger deals will accelerate. Hungary led gains in eastern ...

  Bloomberg European equities traded at a seven-week high, coming close to erasing their post-Brexit losses, boosted by optimism in the recovery as companies from Zurich Insurance Group AG to KBC Group NV posted profit that beat estimates. Zurich Insurance added 4.5 percent after saying earnings fell less than projected. Belgian lender KBC advanced 5.5 percent after posting better-than-expected profit ...

  Bloomberg Not only is the rising market punishing shorts, it’s lifting their favorite targets at a rate that is by some measures three times as great as everything else. As a result, the 50 most-shorted stocks—that is, the ones bears had bet would fall —have instead rallied 16 percent since the end of June, the biggest gain in more ...

  Bloomberg Emerging-market stocks and currencies advanced for a fourth day as narrowing Chinese factory deflation signaled the world’s second-largest economy is stabilizing. Indian bonds rallied after the central bank said it’s keeping accommodative policy. Raw-material producers touched a 13-month high paced by South Korean steelmaker Posco, while stocks in the Philippines rose for a second day. Data out of ...

  Bloomberg Emerging-market stocks and currencies headed for the highest close in more than a year as prospects for central bank stimulus and a better-than-expected U.S. jobs report fueled demand for higher-yielding assets. Turkish assets gained after Moody’s Investor Service delayed a potential sovereign downgrade. South Korean stocks rallied after S&P Global Ratings raised the country’ credit ranking. Russia’s ruble ...

  Bloomberg Treasuries joined a rally in global bonds and the pound slid against its major peers as the Bank of England cut its key rate for the first time in more than seven years. U.S. stocks and the dollar traded in tight ranges as investors awaited Friday’s job report. Sovereign debt from the UK to Germany and American advanced ...