Bloomberg Currency strategists are convinced that 2019 will be the year of the euro. Money managers and traders aren’t buying it. Morgan Stanley, Credit Agricole SA and Toronto Dominion Bank are all calling for the common currency to surge next year as investors shift focus away from an overvalued dollar. That’s not a view shared by Janus Henderson Group Plc …

Bloomberg Wells Fargo cut estimates for stocks next year on concern the Federal Reserve is making a policy mistake that will throttle economic growth. Chris Harvey, head of equity strategy at the bank, cut his year-end target for the S&P 500 Index to 2,665 from 3,079. While new forecast represents a 10 percent gain from current levels, he replaced Michael …

Bloomberg China’s central bank reached into the toolkit of its peers around the world, announcing a new facility to encourage bank lending to companies that looks very similar to what others have done. The People’s Bank of China is trying to balance competing demands of a debt crackdown and ensuring that banks lend to support growth. The clampdown has made …