Saturday , 7 February 2026

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Australian dollar’s trade war pain may worsen after deal

Bloomberg In the two years since the US-China trade war erupted, Australia’s dollar has weakened around 10%. It may drop even further when the dispute is resolved. The Aussie could slide more than 5% to 65 US cents this year, according to QIC Ltd and Capital Economics. If Beijing buys more American goods at the expense of Australian products as …

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Citigroup’s head of Emea junk trading quits bank

Bloomberg Paras Shah, Citigroup Inc’s head of high-yield credit trading for Europe, the Middle East and Africa and one of its highest-profile traders, has left the bank, according to people familiar with the matter. The 31-year-old departed this month, according to some of the people who aren’t authorised to speak publicly and asked not to be named. Shah worked at …

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US stocks climb to records before trade pact signing

Bloomberg US stocks rose to all-time highs as America and China prepared to sign their initial trade accord. The dollar weakened against most major peers and Treasuries gained. The benchmark S&P 500 set an intraday record for the sixth consecutive trading session, largely ignoring disappointing quarterly results from Goldman Sachs Group Inc and Bank of America Corp. Healthcare and utilities …

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