BLOOMBERG The dollar dropped to a four-month low as traders digested the clearest signal yet that the Federal Reserve’s aggressive hiking campaign is over. The Bloomberg Dollar Spot Index dropped as much as 0.5% to its lowest since August on Thursday, extending losses from the day prior after Fed officials penciled in a sharper pace of rate cuts than they …

BLOOMBERG The eye-popping gains in some Asian equity minnows this year may broaden out to include larger frontier peers, as improving macroeconomic conditions bode well for earnings. The equity benchmarks of Pakistan, Laos and Sri Lanka are the biggest gainers in the region in 2023. A loan deal with the International Monetary Fund has helped spark a rally of more …

BLOOMBERG Stocks and bonds rallied after the Federal Reserve signaled interest-rate cuts next year, unleashing a bullish pulse across markets amid optimism that inflation pressures are easing. Europe’s Stoxx 600 index surged as much as 1.7%, with rates-sensitive real estate stocks and miners leading the gains. Nasdaq 100 futures climbed 0.5%, setting up the underlying tech-heavy index for an attempt …