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European short sellers miss out on stock market carnage

Bloomberg Short sellers who have been avoiding Europe have missed out on profiting from the slide in equity markets that has left investors around the world jittery. The benchmark Stoxx Europe 600 Index has fell 3.6 percent in the two trading sessions, dropping to levels last seen in late 2016. At the same time, the overall level of bearish bets ...

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Morgan Stanley sees stock rally before ’19

Bloomberg The winter holidays might not be so miserable after all for stock investors. So say Morgan Stanley strategists, whose warning about a “rolling bear market” seemed to pay off this week after growth stocks led a slide in equities. While underperformance in growth shares will likely persist, stocks may rally before year-end amid cheaper valuations, a supportive earnings season ...

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China preparing for all risks in currency policy, says PBOC’s Yi

Bloomberg China’s central bank is considering a range of risks in its currency policy, including a worst-case scenario, Governor Yi Gang said. As the yuan inches closer to the psychologically important level of 7 per dollar amid rising trade tensions with the US, the People’s Bank of China governor told Bloomberg in an exclusive interview that the Chinese currency is ...

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