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US stocks fall despite fading threat of war with N Korea

Bloomberg The dollar rallied and U.S. stocks nudged lower amid a receding threat of war with North Korea. Treasuries extended losses and the dollar rallied after US retail sales exceeded forecasts last month, boosting speculation the Federal Reserve might lift interest rates again this year. S&P index futures also gained after the data, while traditional havens including gold and the ...

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Middle East stocks sag over mediocre economic outlook

DUBAI / Reuters Middle Eastern stock markets sagged again on Tuesday because of a mediocre economic outlook, with a shock loss at a real estate developer weighing on Dubai and Egypt dropping for a sixth straight day. Union Properties sank 4.3 percent to 0.82 dirham after it reported a 2.29 billion dirham ($624 million) net loss for the second quarter, ...

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Euro-pound parity call chimes as Morgan Stanley joins HSBC

Bloomberg What once seemed a highly unlikely call on euro-sterling is gaining momentum, with two of the world’s leading banks predicting that Europe’s shared currency will attain and even go beyond parity with the pound for the first time. Morgan Stanley sees the pair at 1.02 by the end of March, which represents a 12 percent gain for the euro ...

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