Wall Street was a very conservative place politically when I started working in the capital markets in 1999, but it seems to have lurched to the left lately. It’s not only that many of the people who work there have become more liberal, but more importantly, left-leaning behaviour by publicly traded companies is being rewarded by the stock market. The ...

Bloomberg European stocks climbed, US futures pared earlier declines and Asian shares were mixed after the latest China-tariff hikes kicked in. The dollar rose alongside gold. The Stoxx Europe 600 advanced for a third straight session, led by telecom and utilities shares. Equities in Japan, Hong Kong and Australia declined in thin volumes a day after President Donald Trump’s duties ...

Bloomberg In a classic illustration of the seemingly perverse relationship between UK news and its stock market, several British large-caps notched record highs on Monday as the equity benchmark outshone all of Europe. The FTSE 100 jumped as much as 1.4 percent, the most since July and more than double the gain of the Stoxx Europe 600, with companies including ...

Bloomberg A regional Chinese lender under the spotlight for liquidity strains plans to suspend dividend payments on its offshore preference shares, sending indicated prices on those securities tumbling. Bank of Jinzhou Co, which was the subject of a government-orchestrated rescue in July, said that it’s seeking shareholder approval to halt dividends for the year through October 26. That’s after its ...

Bloomberg Swiss National Bank sight deposits fell for the first time in seven weeks, suggesting the central bank has scaled back interventions to weaken the franc. Sight deposits, considered an early indicator of SNB market activity, declined 154 million francs ($155 billion). They had risen by 2.5 billion francs the previous week, and 3.8 billion francs the period before that. ...

Bloomberg Ireland won’t change its restrictions on banker pay, its junior finance minister signalled, in the clearest sign yet that the rules will remain in place. “I’m of the view the decision is made,” Michael D’Arcy said in a Bloomberg TV interview in Hong Kong. “The bankers in those institutions are well paid. The threshold is 500,000 euros and that’s ...

Bloomberg Now is finally the time to buy risk assets, with global stocks set to advance into the year-end, strategists at JPMorgan Chase & Co said. Positive technical indicators and monetary easing will likely outweigh the uncertainty of the US-China trade war and the “wild card” of developments in tariff negotiations, according to JPMorgan. After August’s sell-off, the strategists signalled ...

Bloomberg Denmark’s financial watchdog has reported Danske Bank A/S to the police after it overcharged retail investors. The bank, which is already under criminal investigation in the US and across Europe for its role in an Estonian money laundering scandal, misled its customers about the returns they could expect on short-term investments, the Financial Supervisory Authority (FSA) in Copenhagen said ...

Bloomberg Germany’s most convoluted tax case in recent memory gets a human face when two former investment bankers make their debut in court. But more than the duo’s dealings, it’s the role of the financial services industry at large that will come under scrutiny. The two men, Martin S, 41, and Nicholas D, 38, are charged with helping orchestrate transactions ...

Bloomberg American Airlines Group Inc removed the Boeing Co 737 Max from its schedule for another month, joining carriers cancelling flights until December and beyond as they await US approval to fly the grounded jet. The extension means the cancellation of 140 daily flights through December 3, American said in a statement. The airline “remains confident that impending software updates ...