Bloomberg “Trump Reversal on Border Policy Leaves Congress on Hook for Fix.” President Donald Trump’s sudden reversal on his policy to split undocumented families at the U.S.-Mexico border temporarily eased pressure on Congress to act on a politically volatile issue, but puts lawmakers no closer to a permanent fix. There is little dispute, however, that....
Bloomberg “OPEC+ Will Boost Oil Output After Saudis Secure a Deal With Iran.” OPEC and allies including Russia will boost oil production starting next month, offering relief to consumers after Saudi Arabia secured a last-minute deal to overcome Iran’s veto threat. “We have an agreement” for a “nominal” production increase of 1 million barrels a....
Bloomberg “Trade Tensions Rattle U.S. Equities; Crude Gains: Markets Wrap.” U.S. stocks slid to a three-week lows as President Donald Trump’s threats of more trade protectionism against major partners were met with Chinese and European vows of retaliation, rattling global equities and sparking demand for the safety of bonds. The S&P 500 Index fell to....
Bloomberg “Stocks Rise, Dollar Gains as Trade Flap Eases: Markets Wrap.” U.S. stocks rose after futures stormed back from overnight declines when America appeared to retreat from the brink of full-blown trade war with China. Treasuries advanced and oil extended gains. The S&P 500 headed for a second straight day of advances and the Stoxx....
Bloomberg “Investors Are Doing a Deep Dive Into the Riskiest Subprime Debt.” Investors hunting for better returns are doubling down on risk in far flung corners of the U.S. bond market. Nowhere is this more striking than in the markets for asset-backed securities and collateralized loan obligations. Below-investment-grade ABS are on track this year to....
Bloomberg “Bitcoin Bloodbath Nears Dot-Com Levels as Many Tokens Go to Zero.” Bitcoin’s meteoric rise last year had many observers calling it one of the biggest speculative manias in history. The cryptocurrency’s 2018 crash may help cement its place in the bubble record books. Down 70 percent from its December high after sliding for a....
BBC News “López Obrador arrasa en las elecciones presidenciales de México y dice que no va a instalar una dictadura «abierta o encubierta».” Andrés Manuel López Obrador (AMLO) y sus seguidores celebran ya lo que llevan esperando desde su primera postulación en 2006: una victoria en las elecciones presidenciales de México. El político de 64....
Bloomberg “Stocks Fall on Trade Risk; Dollar Strength Hits EM: Markets Wrap.” Investors were greeted by a sea of red across global equities markets Monday, as U.S. and European stocks followed a slump in Asia at the start of a crunch week for global trade. Political risks sent the dollar higher with Treasuries, roiling emerging....
Bloomberg “China Won’t Weaponize the Yuan in Trade War, PBOC Official Says.” Chinese central bankers vowed to keep their nation’s currency stable and to not deploy it as a weapon in the trade conflict with the U.S., helping the yuan reverse some of its recent plunge. People’s Bank of China Governor Yi Gang said China....
Bloomberg “China Vows Not to Fire Tariff Shot Ahead of U.S. in Trade War.” China said that it wouldn’t implement tariffs ahead of the U.S. on Friday, after previous arrangements put it on course to do so. «We will never fire the first shot and will not implement tariffs ahead of the U.S.,» the Ministry....
Bloomberg “U.S. Stocks Rise, Asia Falls as Tariffs on the Way: Markets Wrap.” U.S. stocks surged and Asian shares slid to a nine-month low as traders prepare for the implementation of fresh trade restrictions between America and China. European automakers drove the continent’s equity markets higher on hopes of a trans-Atlantic tariff agreement. All major....
Bloomberg “S&P 500 on Longest Rally in Month; Treasuries Drop: Markets Wrap.” Stocks rose and Treasuries fell as a lull in the trade war gave investors room to focus on the start of the earnings season. The S&P 500 Index rose for a fourth day, the longest streak since the beginning of June. PepsiCo Inc.....
Bloomberg “Trump’s Tariff Barrage Pushes China Fight to Point of No Return.” U.S. President Donald Trump is pushing his trade conflict with China toward a point where neither side can back down. By Aug. 30, as the U.S. nears mid-term elections vital for Trump’s legislative agenda, the White House will be ready to impose 10....
Bloomberg “Stocks Rally Amid Lull in Trade War; Dollar Drops: Markets Wrap.” Stocks advanced, while Treasuries fell as trade tensions appeared to ease after China held off from immediately retaliating against the latest U.S. salvo. The S&P 500 Index rebounded from its biggest decline in two weeks, following shares in Europe and Asia, as China....
Bloomberg “Trade War Sends Commodities to Biggest Drop in 5 Months.” The brewing trade war between China and the U.S. is claiming commodity markets as one of its first victims. The Bloomberg Commodities Index, a measure of 26 raw materials, lost 3 percent this week, the most since February. The losses stand out in a....