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Commodities drop, US stocks swing on interest-rate focus

  BLOOMBERG Commodities slid, led by metals, while U.S. stocks fluctuated as investors awaited more clarity on the timing of the Federal Reserve’s next increase in interest rates and the outlook for inflation. The yen strengthened. Oil fell for a fourth day after Iran said again that it won’t countenance freezing output until its production is back at pre-sanctions levels, ...

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The $120bn merger pop missing from US equity market

  Bloomberg Cracks in the foundation of the bull market in U.S. stocks are quickly spreading. The Wall Street deal-making machine that powered 2015 to one of the biggest years ever for mergers and acquisitions has slowed, and that means the pop to stock prices that investors could count on from corporate transactions has been reduced. While there are still ...

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Gulf bourses diverge in early trade

  Dubai / Reuters Stock markets in the Gulf trod separate paths on Monday, with Saudi Arabia’s market lagging while the two main markets in the United Arab Emirates held on to small gains. Riyadh’s index was down 1.2 percent after an hour of trade amid a sell-off in petrochemical shares after oil prices weakened. Brent oil was down 0.9 ...

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