Stocks

BLOOMBERG Stocks posted small moves in cautious trading as investors looked ahead to the Federal Reserve’s interest-rate decision, bracing for any warnings from Chair Jerome Powell that market expectations of policy easing are overdone. Europe’s Stoxx 600 index edged higher, with Inditex SA climbing after the Zara owner forecast a stronger gross margin. Entain Plc rallied 7.5% following news that ...

BLOOMBERG Bitcoin traded near $42,000 after a turbulent stretch that lopped almost 8% from the largest digital asset and stirred predictions of more volatility heading into year-end. The token posted the drop from Saturday through Monday, the worst three-day performance since mid-August, according to data compiled by Bloomberg. The retreat from almost $45,000 dragged down wider crypto markets too. Some ...

BLOOMBERG Treasury yields and the dollar fell before crucial US inflation data that investors will scrutinise for clues on the Federal Reserve’s next move on interest rates. Stocks posted moderate moves, with Europe’s Stoxx 600 Index and US equity futures little changed. France’s blue-chip CAC 40 index was set to close at a record high. Among individual stocks, Nokia Oyj ...

BLOOMBERG Global equities posted modest moves at the start of a busy week of economic data and central bank meetings that will test optimism among investors that interest rates will soon head lower. The yen extended its losses to 1% after Bloomberg News reported that Bank of Japan officials see little need to rush into scrapping the world’s last negative ...

BLOOMBERG India’s stock market value reached more than $4 trillion for the first time, marking a key milestone for the world’s fifth-biggest equity market as it rapidly narrows the gap with slumping Hong Kong. The market capitalisation of companies listed on India’s exchanges has risen by $1 trillion in less than three years, as the South Asian market emerges as ...

BLOOMBERG European stocks rose, following Asia higher, after the latest US data reinforced optimism in a global pivot towards central-bank easing next year as inflation fears evaporate. The Stoxx 600 index added 0.2%, climbing for a second day as US equity futures advanced. MSCI’s Asia Pacific Index gained the most in three weeks. US 10-year Treasuries were steady after a ...

BLOOMBERG European stocks were mixed as traders weighed concerns over China’s debt burden against dovish comments by a European central banker. The Stoxx 600 was little changed, while US equity futures extended losses. German government debt advanced and money markets amped up easing bets after the ECB’s Isabel Schnabel told Reuters that further interest rate hikes are unlikely. At the ...

BLOOMBERG The euro retreated and stocks climbed as decelerating European inflation added fuel to broader rate-cut expectations that have spurred a global rally in assets this month. The currency was trading 0.4% weaker versus the dollar after the pace of price growth in the region cooled more than expected. Ten-year bund yields were slightly lower after slipping as much as ...

BLOOMBERG November has been good to South Africa’s rand for the past five years. This time is different. South Africa’s currency is on track for an 0.3% decline against the dollar this month, one of only four emerging-market peers to weaken. MSCI’s developing nation currency index is set for a 2.9% November gain. That’s in contrast to the rand’s performance ...

BLOOMBERG Bitcoin climbed back above $38,000 amid optimism the US central bank may be closer to lowering borrowing costs if inflation continues to decline. The largest cryptocurrency by market value gained as much as 3.3% to $38,264 before trimming the increase. Bitcoin reached an 18-month high of $38,422. Lower rates generally increase investors’ appetite for riskier assets such as digital ...