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 …

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 …

Bloomberg Kazakhstan’s central bank has a range of options besides changing its key interest rate as it looks to fine-tune monetary policy after markets stabilized and inflation came in below expectations, according to Governor Daniyar Akishev. With the benchmark held twice at 9 percent after four cuts and anticipation building that a hike is on the way, Akishev said “the …