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Stocks drift; commodities slump on stimulus, virus

Bloomberg Stocks were steady with US futures on Monday, while commodities tumbled as investors weighed concerns about a pullback in stimulus and a resurgence in the fast-spreading delta virus variant. The Stoxx 600 Index traded little changed as gains in technology firms offset declines in energy shares and miners. Crude oil extended last week’s decline — its worst since October ...

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Money fleeing China stocks may overlook India: UBS

Bloomberg Investors pulling out of China due to the recent regulatory crackdown may overlook India, where stocks are looking pricey after their climb to successive records, according to UBS Group AG. “The perception of risks in China has gone up and may lead investors to take out money and deploy it into other emerging markets,” Sunil Tirumalai, head of India ...

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Bitcoin, Ether hit highest since mid-May over sentiment

Bloomberg Bitcoin and Ether reached their highest levels in more than two months after a major Ethereum upgrade and even in the face of uncertainty over crypto rules in the US infrastructure plan. Bitcoin gained as much as 3.1% to $45,328 on August 8, its highest level since May 18. Ether increased as much as 3.5% to $3,191, gaining for ...

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