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US stocks rally on renewed trade hopes; pound climbs

Bloomberg US stocks joined a global rally as the outlook for trade took a positive turn and confidence grew that the British prime minister will defeat a challenge to her leadership. Chipmakers and energy producers led the S&P 500 Index higher following gains in Europe and Asia after the chief financial officer of Huawei Technologies Co. was granted bail and ...

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Asia stock traders hit ‘buy’ as US-China trade magic returns

Bloomberg The power of news headlines is back, and a renewed dose of trade optimism is finally lifting Asian stocks from a six-week low. To be exact, the regional benchmark is heading for its biggest jump since December 3, when the market reacted to Presidents Donald Trump and Xi Jinping’s dinner in Buenos Aires. Huawei Technologies Co.’s chief financial officer ...

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Fed piles up $66 billion in paper losses

Bloomberg The Federal Reserve is piling up unrealised losses on its $4.1 trillion bond portfolio, raising questions about its finances at a politically dicey moment for the independent central bank. The Fed had losses of $66.5 billion on its securities holdings on September 30, if it marked them to market, according to its latest quarterly financial report. That dwarfed its ...

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