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EU nearing trade breakdown

Bloomberg The global trade war is about to get worse, as the rules-based system of international commerce is poised to revert to an environment where the strong impose their will upon the weak, according to an internal memo circulated among European Union governments. The disputes between the US and its closest trading partners are set to escalate “in the coming ...

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Trade is an afterthought in stock market still glued to earnings

Bloomberg Of all the forces swaying equity prices, earnings expectations are the hardest to see. They don’t make headlines, are difficult to quantify and get lost in the din around trade wars and politics. Yet ignoring them is to miss the biggest part of what influences the market — the force that keeps the peace in a week like this. ...

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Bitcoin approaches year low as Japan cracks down on venues

Bloomberg Bitcoin extended losses as it approached the lowest price for the year after Japanese regulators hit six of the country’s biggest cryptocurrency trading venues with business-improvement orders. The biggest virtual currency fell as much as 10 percent to $6,045.31, testing the low for the year of $5,922 that was set on February 6, according to prices compiled by Bloomberg. ...

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