• Nov 17, 2024

Morgan Stanley, Goldman Turn More Cautious on China Stocks

(Bloomberg) -- Wall Street brokerages have turned more cautious on Chinese stocks as persistent deflationary pressures and geopolitical tensions cloud the outlook for earnings in the world’s second-largest equity market.Most Read from BloombergIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftAmtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC ServiceA Bug’s Eye View of Mexico City’s Modernist ArchitectureNYC Congestion Pricing Plan With $9 Toll to Start in JanuaryZimbabwe

  • Nov 17, 2024

Philippines Starts Interest Rate Swaps to Deepen Bond Market

(Bloomberg) -- The Philippines kicked off on Monday a new interest rate swap market to boost bond trading and liquidity as part of reforms to develop its capital market. Most Read from BloombergIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftAmtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC ServiceA Bug’s Eye View of Mexico City’s Modernist ArchitectureNYC Congestion Pricing Plan With $9 Toll to Start in JanuaryZimbabwe City of 700,000 at Risk of Running Dry by Year-End

  • Nov 17, 2024

Oil prices edge higher after Russia-Ukraine tensions escalate

Oil prices edged up on Monday after fighting between Russia and Ukraine intensified over the weekend, although concerns about fuel demand in China, the world's second-largest consumer, and forecasts of a global oil surplus weighed on markets. Brent crude futures gained 20 cents, or 0.3%, to $71.24 a barrel by 0130 GMT, while U.S. West Texas Intermediate crude futures were at $67.11 a barrel, up 9 cents, or 0.1%. In a significant reversal of Washington's policy in the Ukraine-Russia conflict, President Joe Biden's administration has allowed Ukraine to use U.S.-made weapons to strike deep into Russia, two U.S. officials and a source familiar with the decision said on Sunday.

  • Nov 17, 2024

Bitcoin Churns Near $90,000 After Largest Drop Since US Election

(Bloomberg) -- Bitcoin posted its biggest two-day retreat over the weekend since the US election amid a bout of caution in global markets as traders assess the potential impact of President-elect Donald Trump’s policy agenda.Most Read from BloombergIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftAmtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC ServiceA Bug’s Eye View of Mexico City’s Modernist ArchitectureNYC Congestion Pricing Plan With $9 Toll to Start in JanuaryZimb

  • Nov 17, 2024

Five Key Charts to Watch in Global Commodity Markets This Week

(Bloomberg) -- Holdings in exchange-traded funds backed by gold are taking a beating following Donald Trump’s US election win. The global appetite for more chicken is giving poultry producers a lift. And as the United Nations’ COP29 climate summit enters its second week, European data shows we’re losing the fight to limit global warming.Most Read from BloombergIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftAmtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC ServiceA Bug’

  • Nov 17, 2024

Treasuries See 2024 Gains Dwindle With December Fed Cut at Risk

(Bloomberg) -- A two-month slump has all but wiped out the US Treasury market’s gains for the year, as traders brace for Donald Trump’s return and also the chance of slower interest-rate cuts from the Federal Reserve.Most Read from BloombergIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftAmtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC ServiceA Bug’s Eye View of Mexico City’s Modernist ArchitectureNYC Congestion Pricing Plan With $9 Toll to Start in JanuaryZimbabwe Cit