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Buying Australian dollars is a phenomenal trade: UBS

  Bloomberg A slowing US economy and brisk growth in Australia will trigger a rally in the Australian dollar to levels last seen more than a year ago, UBS Group AG’s head of currencies in Asia said. After rebounding from a two-year low set last month, the Aussie could rise 11% from that level to as high as 76 US ...

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European stocks drop with US futures ahead of ECB meeting

  Bloomberg European stocks turned lower with US equity futures on persisting worries about high inflation and slowing growth. The dollar advanced. The Stoxx Europe 600 Index erased an early gain to trade 0.2% lower. S&P 500 and Nasdaq 100 futures slipped 0.4%. Government bonds falls across Europe as traders braced for a crucial European Central Bank meeting. Treasury yields ...

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Citadel Securities ready for crypto ETFs when regulators approve

Bloomberg Ken Griffin’s Citadel Securities is willing to make markets in exchange-traded funds that hold cryptocurrencies, if the regulators allow it. “We will be ready if and when those products are approved, but we are taking a measured approach,” Kelly Brennan, head of the firm’s ETF group, said in an interview at Bloomberg’s headquarters in New York, adding that the ...

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