Donald Trump and Xi Jinping in 2017. (Bloomberg) — No one can agree on what a likely meeting between Donald Trump and Xi Jinping will mean for China’s sputtering stock market. Most Read from Bloomberg Chinese equities, which have zoomed higher for much of this year, have lost steam in recent weeks. The MSCI China…
(Bloomberg) — Capital One Financial Corp. reported a surge in third-quarter profit, beating Wall Street estimates, and the lender announced plans to repurchase as much as $16 billion of stock in the wake of its acquisition of Discover Financial Services. Most Read from Bloomberg Net income surged 80% to $3.19 billion, or $4.83 a share,…
(Bloomberg) — Silver prices touched an all-time high above $52.50 an ounce, as a historic short squeeze in London added momentum to a rally that’s been fueled by surging demand for safe-haven assets. Spot prices rose as much as 0.4% to $52.5868 an ounce in London, surpassing a peak set in January 1980 on a…
The new JPMorgan Chase & Co. offices in New York. (Bloomberg) — A run for the exits by investors in levered exchange-traded funds on Friday exacerbated the largest single-day stock market selloff since April, according to strategists at JPMorgan Chase & Co. The S&P 500 Index fell 2.7% in the rout, while the Nasdaq 100…
Photo by China Photos/Getty Images) Photographer: China Photos/Getty Images AsiaPac (Bloomberg) — Chinese equities slumped and bond futures climbed, showing investors remain concerned about trade tensions even after President Donald Trump signaled over the weekend that he’s open to talks. The Hang Seng China Enterprises Index fell as much as 3.6% before paring its drop…
US, Europe realized earnings volatility is trending higher (Bloomberg) — Investors are once again preparing for big earnings-day stock moves, paying up to speculate in a market that’s faltering after it reached a record high. Options on S&P 500 Index members imply an average 4.7% fluctuation following corporate results, data compiled by Bloomberg show. That’s…
(Bloomberg) — China accused the US of Cold War-era intervention in Latin America after Treasury Secretary Scott Bessent suggested Argentina’s president was “committed to getting China out.” Bessent made his comments on Fox News on Thursday as the US offers a $20 billion US financial lifeline to Argentina and President Javier Milei prepares to visit…
Kristalina Georgieva (Bloomberg) — Central bankers, already uneasy about trade tensions and swelling public debt, will collectively confront a new worry in the coming week: the danger of a market crash. Global policymakers and finance ministers will gather in Washington for the International Monetary Fund/World Bank fall meetings after a chorus of warnings that a…
A battery storage yard in Iola, Texas. (Bloomberg) — China’s newly announced raft of restrictions on the export of batteries could have major impacts on US companies, analysts say. Beijing has previously used rare earths as a tool in the trade war with Washington. But with its commanding position in the battery industry, China has identified…
Traders work on the floor of the New York Stock Exchange. (Bloomberg) — A record-setting surge in US stocks has traders approaching the start of corporate earnings season with elevated expectations and little patience for companies that don’t meet the bar. Most Read from Bloomberg The S&P 500 is up 11% year-to-date, fueled in-part by…