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Stocks slip, dollar declines following US vote; oil slides

Bloomberg Stocks fell with the dollar and Treasuries climbed as investors questioned the likelihood of Congress passing President Donald Trump’s fiscal agenda soon, particularly in light of a repudiation in Tuesday’s US elections. Oil slid for a second day. The S&P 500 Index and Dow Jones Industrial Average were lower, dragged down by financial firms. European shares slipped following disappointing ...

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French banks’ trading results return to earth

Bloomberg After outshining some of Wall Street’s biggest and best this year, trading results at France’s largest banks are crashing back to earth. Leading the declines were Credit Agricole SA and Societe Generale SA, which both posted a revenue slump of about 25 percent, while BNP Paribas SA’s earnings from all trading activities—including bonds, equities and currencies—fell 15 percent. Only ...

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Rate hikes on the horizon as SE Asia debates Fed risk

Bloomberg For Southeast Asian central banks, monetary policy tightening is coming, but just not yet. Economists predict Thailand, the Philippines, and Malaysia will hold interest rates this week, though pressure is rising for policy makers to begin laying the groundwork for rate hikes. The Philippines and Malaysia are seen as among the first in the region to move in the ...

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