Stocks

Bloomberg Equities extended declines on Friday, with an index of global stocks on track for the worst week since June, while a gauge of the dollar continued its ascent, reflecting bets for outsize Federal Reserve interest rate hikes. US futures dropped, suggesting the selloff that drove the S&P 500 index to its lowest close in about two months isn’t over ...

  Bloomberg The pound slid to its weakest level in almost four decades as mounting evidence of a UK recession combines with an ascendant dollar. Sterling fell as much as 1% to $1.1351, the lowest since 1985. The latest hit was data showing UK retail sales fell at the sharpest pace in eight months in August, as a worsening cost-of-living ...

  Bloomberg The Australian dollar tumbled to the lowest level since the early days of the Covid pandemic as risk aversion swept across markets. The Aussie declined 0.4% against the US dollar to 0.6674, the lowest level since 2020. Investors piled into the safe-haven US dollar and sold risky assets after the World Bank reported that the global economy may ...

Bloomberg US futures declined as investor sentiment swung between hopes that inflation has peaked and concern that large interest-rate hikes by the Federal Reserve will hamper economic growth. Treasury yields rose and the dollar gained. Contracts on the S&P 500 and Nasdaq 100 fluctuated before turning lower, with the latter underperforming after the underlying gauges posted modest rallies. European stocks ...

  Bloomberg Cryptocurrencies were mixed a day after posting sharp losses triggered by hardening expectations of restrictive US monetary policy. Bitcoin fell about 1.5%to $19,937 in New York after a near-10% plunge this week. Ether, the native token of Ethereum, decline for a third day, dropping about 1% to $1,597. Stocks, bonds and digital tokens plunged after rising US inflation ...

Bloomberg A semblance of calm returned to markets after the carnage sparked by hotter-than-expected American inflation that prompted investors to reassess the outlook for interest rates and economic growth. US equity-index futures rallied about 0.5% after shares had their biggest drop in more than two years, with the S&P 500 falling more than 4% and the Nasdaq 100 sliding more ...

Bloomberg Gold was steady after closing down the most in two months in the wake of higher-than-expected US inflation data. Bullion ended 1.3% lower after the consumer-price index figures were released. It had been on an upward trend this month before the inflation data surprised markets. Economists had expected the CPI to rise 8.1% in August from a year earlier, ...

  Bloomberg US equity-index futures advanced ahead of key inflation data which was expected on Tuesday. Treasury yields dipped and the dollar extended a decline. Contracts on the S&P 500 and Nasdaq 100 climbed about 0.6% each after the S&P completed its best four-day surge since June following robust pre-order data for Apple Inc’s iPhone 14 Pro Max. The Bloomberg ...

Bloomberg The dollar’s pullback in recent days is prompting speculation about whether the currency’s relentless march higher is coming to an end. There is nonetheless a reluctance to write it off just yet. After surging by more than 10% this year, the Bloomberg dollar index has tumbled close to 2% from the all-time peak it hit even as expectations for ...

  Bloomberg European stocks and US futures extended a rally and the dollar retreated as traders bet inflation is near peaking even as policy makers ramp up hawkish rhetoric. The Stoxx Europe 600 index climbed for a third day, with retailers and miners leading the advance and all major regional benchmarks in the green. Futures on the S&P 500 and ...