Bloomberg What we’ve been witnessing in Asia and the emerging markets could just be a “bear-market bounce.” That’s how JPMorgan Asset Management views the January rally. While Jasslyn Yeo, global market strategist at the money manager, sees the potential for more gains in the first half of the year, investors will need to reassess their positions for the second half. ...

Bloomberg Abu Dhabi stocks climb the most in the Middle East as the United Arab Emirates’ biggest lender seeks to increase the limit on foreign ownership of its shares. First Abu Dhabi Bank (FAB) surged as much as 5.8 percent, the most since April 2017. The stock was the biggest contributor to the ADX General Index’s 1.6 percent gain. The lender ...

Bloomberg Clues on trade policy are likely to be top of mind for stocks investors watching President Donald Trump’s State of the Union speech on Tuesday. Trade remarks may influence equity sectors from footwear to auto parts and pharma stocks may be volatile if the president zeros in on drug costs reforms, while financials and housing are likely to be ...

Bloomberg Soaring production in North America’s most prolific oil field helped propel Exxon Mobil Corp. and Chevron Corp. to bigger-than-expected fourth-quarter profits. Chevron surprised analysts and investors with a $25-billion stock buyback pledge and shares for both explorers were among the day’s best-performing energy stocks. Exxon surpassed analysts’ forecasts by almost one-third with the biggest refining bonanza in six years ...

Bloomberg The Gulf of Mexico is turning into a parking lot for Venezuelan crude, as the US sanctions on Petroleos de Venezuela SA essentially stop the flow of oil from the Latin America country. Tankers holding about 6 million barrels of Venezuelan oil are floating in the US Gulf Coast or heading there, according to data from cargo-tracking and intelligence ...

Bloomberg Danske Bank A/S isn’t expecting to see financial losses as a result of the client flight triggered by its money laundering scandal, according to its interim chief executive officer, Jesper Nielsen. The bank said it lost about 11,000 retail customers in Denmark, net, last year. It also pointed to “negative impact” of the laundering case on its corporate clients ...

Bloomberg Bank of Italy Governor Ignazio Visco joined his European counterparts in signalling that economic growth will be much weaker than predicted, warning of the implications for euro-area inflation. “The prospects for the Italian economy are less favourable today than they were a year ago,” Visco, who sits on the European Central Bank’s Governing Council, said in a speech to ...

Bloomberg Natixis SA, the French bank that had sought growth in risky trading businesses, is looking to sell the portfolio of complex Korean derivatives that blew up in the fourth quarter, losing almost $300 million, according to people familiar with the matter. The firm has approached potential buyers including JPMorgan Chase & Co. and BNP Paribas SA to gauge their ...

Bloomberg Jerome Powell this week marks his first year as chairman as the Federal Reserve under pressure to deliver on the commitment of his opening day to explain “what we are doing and why we are doing it.” Powell hosts a town hall meeting with educators in Washington on Wednesday, a day after he celebrates his anniversary. He does so ...

Bloomberg Australia’s scandal-plagued banks are set for their biggest upheaval in decades as a wide-ranging inquiry into misconduct recommends how the nation’s financial industry should atone for wrongdoings. In its final report to be released in Canberra, the government-appointed Royal Commi- ssion could propose financial firms be broken up to avoid conflicts of interest, push for changes to pay and ...