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Rate-cut bets are on track as traders tune in to Fed speakers

Bloomberg If Federal Reserve officials are thinking of dashing bond investors’ expectations for lower rates, they have plenty of airtime in the days ahead to deliver that message. Traders have already absorbed a significant blow to their rate-cut bets, after the latest payrolls report showed a steeper-than-expected rebound in hiring. Futures still indicate a quarter-point cut in July, although about ...

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Middle East stock markets trade mixed

Bloomberg Stock markets in Abu Dhabi, Kuwait, Bahrain and Egypt advanced, while those in Saudi Arabia and Oman retreated as investors wait for earnings season to build up. “Earnings are back on the radar, and volume of trade in general could pick up as the bigger names start announcing their results,” said Issam Kassabieh, senior financial analyst at Mena in ...

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Facebook’s Libra plan draws ECB warning on regulation

Bloomberg Financial regulators must act fast to prepare for the push by US tech giants such as Facebook Inc into the financial system, according to European Central Bank Executive Board member Benoit Coeure. “It’s out of the question to allow them to develop in a regulatory void for their financial service activities, because it’s just too dangerous,” Coeure said in ...

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