Bloomberg The market, it’s said, finds a way to maximise the pain. For everyone who fell in love with cyclical shares just in time for them to drop the most in two months this week, it’s an adage they can relate to. Lurches in retail, technology and commodity stocks are spelling trouble for newly christened macro bulls, sending an exchange-traded …

Bloomberg The chorus of bullish voices in favour of the pound is growing as investors become more confident the ruling Conservatives will win next month’s UK election. Funds are increasingly betting on the currency to strengthen as Boris Johnson’s party extends a lead against left-wing Labour in polls for the December 12 vote. BlackRock Inc and Goldman Sachs Group Inc …

Bloomberg Italy risked failure in its latest attempt to bail out bankrupt airline Alitalia, after two companies involved in the rescue got cold feet, raising the prospect of at least a temporary nationalisation of the carrier. State rail operator Ferrovie dello Stato Italiane SpA (FS) said that conditions aren’t in place to form a group to save the airline from …