Bloomberg “Stocks Rise as Investors Adopt a Risk-On Attitude: Markets Wrap.” U.S. stocks rose as investors regained their appetite for risk appetite as trade tensions between the U.S. and China cooled further after the Chinese government said it’s planning to cut car tariffs by 15 percent. The dollar climbed with Treasuries, and crude surged to....
Bloomberg “‘Goldilost’ Grips Markets as Turkey, Italy Expose Fractures.” If the world’s financial markets were vulnerable going into this week, they look a whole lot worse with an extra handful of risks thrown onto the fire. Political turmoil from Turkey to Italy is adding to the burden investors face as they grapple with the end....
Bloomberg “Trump Cancels Summit With North Korea’s Kim Citing ‘Hostility’.” President Donald Trump canceled his planned summit with North Korean leader Kim Jong Un that had been scheduled for June 12 in Singapore, citing “tremendous anger and open hostility” in recent statements from Pyongyang. Trump’s decision was communicated Thursday in a letter to Kim released....
Bloomberg “Risk Appetite Fades on Italy Outlook; Oil Slumps: Markets Wrap.” Politics dominated markets on Monday, with risk appetite withering in Europe as Italy lurched toward fresh elections. The region’s shares and currency reversed early gains, while U.S. equity futures pared a jump even as the America-North Korea summit appeared to be back on track.....
Bloomberg “Stocks Advance, Bonds Slide as Italy Concerns Fade: Markets Wrap.” Stocks rose along with Treasury yields as investors deemed the market reaction to Italy’s political turmoil overwrought. The dollar slipped and oil rose. The S&P 500 Index headed for the first gain in four days as U.S. 10-year yields pushed above 2.84 percent, boosting....
Bloomberg “U.S. Payrolls Rise 223,000; Jobless Rate Matches 48-Year Low.” U.S. hiring rose more than forecast in May, wages picked up and the unemployment rate matched the lowest in almost five decades, indicating the strong labor market will keep powering economic growth. Payrolls increased 223,000 following a revised 159,000 gain, Labor Department figures showed Friday.....
Bloomberg “Stocks Extend Gain on Growth Outlook; Dollar Drops: Markets Wrap.” U.S. and European stocks advanced on Monday, tracking peers in Asia as optimism over the world’s largest economy helped investors put protectionist fears to one side. Treasuries were steady, the dollar fell, and the pound and euro rose. The Standard & Poor’s 500 and....
Bloomberg “First Argentina, Then Turkey, Brazil. Now South Africa Reels.” Investors rattled by everything from trade wars to the end of central-bank stimulus are picking off the most vulnerable emerging markets one by one. The rand weakened more than 2 percent on Friday, almost twice as much as any other major peer. That came hot....
Bloomberg “U.S. Stocks Fluctuate as Intense Week Kicks Off: Markets Wrap.” U.S. equities retreated from early highs while European stocks rose as investors eased into a hectic week, during which three major central banks set interest rates, President Donald Trump meets North Korea’s leader and Brexit returns to the fore. The S&P 500 Index gained....
Bloomberg “U.S. Stocks Creep Higher, Dollar Slips Before Fed: Markets Wrap.” U.S. equities edged higher ahead of Wednesday’s Federal Reserve rate decision, while European stocks gained. The dollar slipped as benchmark Treasury yields held steady, and emerging-market currencies extended a drop. The S&P 500 Index rose tentatively in morning trading, with a surge in health-care....
Bloomberg “Draghi Ends ECB Bond-Buying Era Saying Economy Can Beat Risks.” Mario Draghi said the euro-area economy is strong enough to overcome increased risk, justifying the European Central Bank’s decision to stop buying bonds and end an extraordinary chapter in the decade-long struggle with financial crises and recession. Policy makers agreed to phase out the....
Bloomberg “Trump’s China Tariffs Met With Retaliation Vow From Beijing.” The Trump administration moved the U.S. to the edge of a trade war with China by announcing tariffs on $50 billion in Chinese imports and pledging additional investment restrictions, which Beijing immediately vowed to retaliate against. The response from China signaled a rapid escalation of....
Bloomberg “Stocks Retreat on Trade Concern as Oil Gets a Lift: Markets Wrap.” Stocks retreated globally as concern grew over the escalating protectionist standoff between China and the U.S. Oil rose before a key OPEC meeting this week, while Treasuries gained and the dollar steadied. U.S. stocks extended a broad selloff as the Stoxx Europe....
Bloomberg “Stocks Slide, Bonds Rally as Trade Fears Build: Market Wrap.” Investors dumped riskier assets as a trade dispute between the world’s two largest economies showed signs of deepening and accelerating. Stocks dropped, Treasuries rallied and the dollar climbed with the yen. The S&P 500 fell for a third day after losses across Europe and....
Bloomberg “Stocks Climb as Trade Panic Fades; Crude Advances.” Stocks gained from the U.S. to Asia as the panic surrounding a potential trade war showed signs of easing. Treasury yields were steady, while the dollar edged lower and oil rallied. The S&P 500 Index and Stoxx Europe 600 both broke three-day losing streaks. Canada’s benchmark....