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14,889,930,106,680 reasons to fear recession

Traders and investors will be glad to see the back of 2018. It’s been the worst rout since 1901, by Deutsche Bank AG’s reckoning, with almost every asset class delivering losses. The figures illustrate the backdrop to what went wrong this year – and hint at what could go better in 2019. $14,889,930,106,680 That’s how much the total value of ...

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US stocks climb before Fed decision; Treasuries steady

Bloomberg US stocks climbed as investors waited to see whether Federal Reserve policy makers would strike a dovish stance when they reveal their rate decision on Wednesday. The S&P 500 Index edged higher in early trading as the Stoxx Europe 600 Index looked set to snap a four-day losing streak. Still, a cautious tone prevailed after executives from FedEx warned ...

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India’s currency and bonds rally

Bloomberg India’s currency and sovereign bonds rallied as sliding oil prices improved the outlook for the nation’s finances and the central bank extended support via its open-market debt purchases. The rupee is on course for its biggest three-day advance since September 2013, with the drop in Brent crude seen helping reduce India’s net oil import bill and narrowing its current-account ...

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