Bloomberg Tech shares pushed the Nasdaq Composite Index higher, while the broader US equity market was mostly little changed in the wake of a rally in Asian stocks after Chinese officials pledged to support the world’s second-biggest economy. The dollar strengthened, while the pound slumped and Italian bonds gave back most of their gains. In China, the Shanghai Composite Index …

Bloomberg There’s a lot of chatter about a global rotation into value stocks, but the data doesn’t quite back it up. During this month’s market sell-off, the MSCI World Value Index outperformed growth stocks, fueling speculation about a switch into cheaper equities. Yet EPFR Global’s fund flow data show that in the week that ended October 17, which included the …

Bloomberg Euro-area lenders are facing a cliff edge for their funding, and some are hoping the European Central Bank will help them out. Around 722 billion euros ($832 billion) of long-term loans granted to banks by the ECB will start maturing from 2020, and new regulatory standards mean replacement funds could be needed as soon as next year. One concern …