Bloomberg European stocks and bond yields dropped on Monday and the dollar hit a six-week low after U.S. President Donald Trump began his term in office with a protectionist speech that pushed a nervous market into safe-haven assets. World stocks hit multi-year highs earlier this month on expectations Trump would boost growth and inflation with extraordinary fiscal spending measures. ...

  DUBAI / Reuters National Bank of Kuwait (NBK) , the Gulf Arab state’s largest commercial lender, posted a 40 percent rise in fourth-quarter net profit, according to Reuters’ calculations, as the bank continued to benefit from government spending. The bank made a net profit of 75.9 million dinars ($248.9 million) in the three months to Dec. 31, compared with ...

  Bloomberg Equity strategists are yet again predicting that this will finally be the year European profits deliver. This time, it’s Citigroup Inc.’s Jonathan Stubbs forecasting the region’s earnings will jump at least 10 percent to end a three-year dry spell. His bullishness on Europe is reminiscent of early 2015 and 2016, when strategists and investors doubled down on the ...