Bloomberg After China finally got a start on seeing its local stocks into global equity indexes, focus turns to what could be an even bigger deal — winning inclusion into the world’s benchmark bond gauges. China is preparing the final touches for the next stage in that campaign — a “Bond Connect” program with Hong Kong that will allow international …

Bloomberg The euro erased gains, bonds pared losses and equities jumped after the European Central Bank suggested financial markets misinterpreted comments from Mario Draghi on the rise of inflation. Draghi’s speech was intended to strike a balance between recognizing the currency bloc’s economic strength and warning that monetary support is still need, according to people familiar with the situation. The …

Bloomberg Deutsche Bank AG, the German lender seeking to overhaul how it manages risks, made a bet on US inflation that puts the firm on course to lose as much as $60 million, people familiar with the matter said. The trade used derivative products tied to US inflation, said the people, who requested anonymity because the details aren’t public. The …