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US stocks creep higher, dollar declines before Fed decision

Bloomberg US equities edged higher ahead of Wednesday’s Federal Reserve rate decision, while European stocks gained. The dollar slipped as benchmark Treasury yields held steady, and emerging-market currencies extended a drop. The S&P 500 Index rose tentatively in morning trading, with a surge in health-care stocks offsetting the telecom weakness brought on after the AT&T takeover of Time Warner won ...

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No letup for Bitcoin as world’s biggest digital coin drops

Bloomberg Bitcoin edged lower, bringing its four-day slide to about 16 percent, as questions mount about whether the world’s biggest cryptocurrency was manipulated during last year’s record price surge. The digital coin has closed below its 50-, 100- and 200-day moving averages for the past 16 days, the longest stretch below those support levels this year. Bitcoin, which surged more ...

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Faster inflation in India puts analysts on watch for rate hike

Bloomberg Inflation picked up in India for a second straight month, giving ammunition to the central bank to further tighten monetary policy and squeezing returns for bond investors. Consumer prices rose 4.87 percent in May from a year earlier, the statistics ministry said in a statement in New Delhi. That was broadly in line with the 4.9 percent median estimate ...

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