Bloomberg US new-home construction rose for a second month and topped estimates in April in a sign of positive momentum for the housing sector at the start of the second quarter. Residential starts increased 5.7% to a 1.24 million annualised rate after a 1.7% gain in March that was previously reported as a drop, according to government figures. Permits, a …

Bloomberg US equity futures dropped alongside stocks in Europe as the fallout of White House moves against Chinese telco giant Huawei rippled through the technology industry. Bonds pared an earlier loss while crude oil advanced. Contracts on the Nasdaq 100 led US declines and pointed to a weak opening in New York, while software and chip maker shares helped pull …

Bloomberg China’s stocks traded near their lowest since February, with the damage caused by escalating tensions with the US rout now topping $1.1 trillion. The Shanghai Composite Index fell 0.4% at the close, after earlier losing as much as 1.5%. The gauge is now among the world’s worst-performing national benchmarks this quarter, after beating every other market earlier in the …