Deals

News Photos

U.S. Stocks Edge Higher as Treasuries Advance: Markets Wrap
Click on the image below to view in Stereo 3D

Stocks Retreat on Geopolitical Tensions; Yen Rises: Markets Wrap
(Bloomberg) -- Most Asian stocks declined and U.S. futures slipped Tuesday as traders mulled geopolitical strains and positioning for the upcoming U.S.-China summit meeting. Treasuries, gold and the yen pushed higher.Shares in China and Hong Kong led losses, with benchmarks in Tokyo, Seoul and Sydney reversing earlier gains. Iran suggested new sanctions had closed off a diplomatic solution to the dispute with Washington, while U.S. officials sought to play down expectations for a highly-anticipated meeting between President Donald Trump and China’s Xi Jinping. Meanwhile, Bloomberg reported Trump has recently mused to confidants about withdrawing from a longstanding defense treaty with Japan that he thinks treats the U.S. unfairly.Shanghai and Hong Kong benchmarks dropped over 1%, with China Merchants Bank tumbling as much as 9.8%, as analysts cited a Washington Post report about a U.S. investigation into sanctions violations with regard to North Korea.Elsewhere, stock markets appear to have entered a holding pattern ahead of the G-20 summit in Japan, which presents a pivot point for trade relations between the U.S. and China. Sentiment remains fragile as investors mulled tensions between the U.S. and Iran. On Tuesday, traders will keep a close eye on Federal Reserve Chairman Jerome Powell, who discusses monetary policy in a speech in New York.It’s “a pretty good guess that we won’t see a whole lot of movement in front of the big upcoming meetings (G-20 and OPEC),” wrote Matt Maley, equity strategist at Miller Tabak & Co. “The results of those meetings should be quite important to the stock market’s next move.”Here are some key events coming up:Fed Chairman Jerome Powell speaks at the Council on Foreign Relations in New York Tuesday. He’ll discuss the challenges facing the U.S. economy.MSCI Inc. announces results of its 2019 Market Classification Review on Tuesday, including whether Kuwait gets upgraded from frontier to emerging-market status.The Group of 20 summit is in Osaka, Japan on Friday and Saturday.These are the main moves in markets:StocksThe MSCI Asia Pacific Index fell 0.3% as of 1:15 p.m. in Tokyo.Topix Index fell 0.3%.Hang Seng Index fell 1.3%.Shanghai Composite Index fell 1.8%.S&P/ASX 200 fell 0.1%.Kospi Index fell 0.1%.S&P 500 futures dipped 0.2%. The S&P 500 fell 0.2% Monday.CurrenciesThe Bloomberg Dollar Spot Index fell 0.1%.The Japanese yen rose 0.4% to 106.92 per dollar.China’s offshore yuan was little changed at 6.8820 per dollar.The euro rose was at $1.1410, up 0.1%.The British pound was little changed at $1.2750.BondsThe yield on 10-year Treasuries fell two basis points to 2%.CommoditiesWest Texas Intermediate crude fell 0.8% to $57.44 a barrel.Gold rose 1.2% to $1,437.19 an ounce.To contact the reporter on this story: Cormac Mullen in Tokyo at cmullen9@bloomberg.netTo contact the editor responsible for this story: Christopher Anstey at canstey@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
More Description
Image URL


Stocks, Bonds Edge Up; Oil Climbs on Iran Tensions: Markets Wrap
(Bloomberg) -- Stocks edged higher on Monday as investors weighed mounting geopolitical risks and geared up for the high-stakes meeting between Presidents Donald Trump and Xi Jinping later this week. Oil climbed as the U.S. said it was planning fresh sanctions on Iran.The Stoxx Europe 600 Index advanced, with rising retailers helping outweigh declines for carmakers. S&P 500 futures gained after the gauge slipped on Friday from an all-time high. Shares saw modest increases across most major Asian markets. The dollar dipped, Treasuries were flat, and European bonds ticked higher. The Turkish lira jumped after an opposition candidate won the redo of Istanbul’s mayoral race.Investors are weighing the Middle East situation alongside a dovish shift from major central banks and the ongoing trade tensions between the U.S. and China. Next up comes a speech from Federal Reserve Chair Jerome Powell on Tuesday, then the Trump-Xi tete-a-tete on the sidelines of the Group of 20 summit in Japan at the end of the week.The U.S. plans to announce more sanctions against Iran, but Trump is also willing to negotiate with Iranian leaders with “no preconditions” to ensure the Islamic Republic never acquires a nuclear weapon. The sanctions would come days after the U.S. president abruptly called off a plan for air strikes.Elsewhere, the Australian dollar rose after Reserve Bank of Australia Governor Philip Lowe said there are limits to what monetary easing can achieve. Bitcoin surged, trading above $11,000 for the first time in 15 months.Here are some key events coming up:Fed Chairman Jerome Powell speaks at the Council on Foreign Relations in New York Tuesday. He’ll discuss the challenges facing the U.S. economy.MSCI Inc. announces results of its 2019 Market Classification Review on Tuesday, including whether Kuwait gets upgraded from frontier to emerging-market status.The Group of 20 summit is in Osaka, Japan on Friday and Saturday.These are the main moves in markets:StocksFutures on the S&P 500 Index gained 0.4% as of 8:09 a.m. London time.The Stoxx Europe 600 Index climbed 0.2%.The Shanghai Composite Index increased 0.2%, hitting the highest in almost eight weeks with its sixth straight advance.The MSCI Emerging Market Index advanced 0.1%, the highest in almost seven weeks.CurrenciesThe Bloomberg Dollar Spot Index decreased 0.1%, hitting the lowest in almost 14 weeks with its fifth straight decline.The euro gained 0.1% to $1.1382, the strongest in almost 14 weeks.The British pound advanced less than 0.05% to $1.2742, hitting the strongest in more than five weeks with its fifth consecutive advance.The onshore yuan sank 0.1% to 6.877 per dollar.The Japanese yen sank 0.1% to 107.43 per dollar, the largest decrease in more than a week.BondsThe yield on 10-year Treasuries fell less than one basis point to 2.05%.The yield on two-year Treasuries climbed less than one basis point to 1.77%.Germany’s 10-year yield declined one basis point to -0.30%.Japan’s 10-year yield increased one basis point to -0.15%.CommoditiesWest Texas Intermediate crude gained 1.3% to $58.15 a barrel, the highest in almost four weeks.Iron ore fell 0.6% to $110.80 per metric ton, the largest fall in a week.Gold advanced 0.1% to $1,401.53 an ounce, reaching the highest in almost six years on its fifth consecutive advance.To contact the reporters on this story: Adam Haigh in Sydney at ahaigh1@bloomberg.net;Yakob Peterseil in London at ypeterseil@bloomberg.netTo contact the editor responsible for this story: Samuel Potter at spotter33@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
More Description
Image URL


Asia Stocks to Start Mixed; Oil Climbs on Iran: Markets Wrap
(Bloomberg) -- Asian stocks looked set for a mixed start to the week amid signs a global rally is stalling. Oil climbed as the U.S. said it was planning sanctions on Iran.Futures in Japan pointed modestly lower, while Hong Kong contracts were little changed. S&P 500 futures opened steady after the gauge edged down Friday, pulling back from its all-time high reached in the previous session. The yen and the offshore yuan were steady. The yield on 10-year Treasuries ended last week at 2.05%. The Turkish lira surged after the opposition candidate won the redo of Istanbul’s mayoral race.Investors are weighing geopolitical risks alongside a dovish shift from major central banks amid ongoing trade tensions between the U.S. and China. Next up comes a speech from Federal Reserve Chair Jerome Powell on Tuesday, then a meeting between U.S. President Donald Trump and Chinese President Xi Jinping on the sidelines of the Group of 20 summit in Japan at the end of the week to discuss the trade war.Minneapolis Fed President Neel Kashkari said Friday he called for a 50 basis point reduction in interest rates at the central bank’s June 18-19 meeting. Federal Reserve Vice Chairman Richard Clarida said the argument in favor of cutting rates has strengthened recently as cross currents buffet the U.S. economy amid heightened uncertainty.Meanwhile the U.S. plans to announce more sanctions against Iran, but President Donald Trump is also willing to negotiate with Iranian leaders with “no preconditions” to ensure the Islamic Republic never acquires a nuclear weapon. The sanctions would come days after the U.S. president abruptly called off a plan for air strikes.Here are some key events coming up:Reserve Bank of Australia Governor Philip Lowe speaks in Canberra Monday. Fed Chair Jerome Powell speaks at the Council on Foreign Relations in New York Tuesday. He’ll discuss the challenges facing the U.S. economy.MSCI Inc. announces results of its 2019 Market Classification Review on Tuesday, including whether Kuwait gets upgraded from frontier to emerging-market status.Group of 20 summit in Osaka, Japan on Friday and Saturday.These are the main moves in markets:Stocks Futures on the S&P 500 Index were flat as of 7:03 a.m. in Tokyo. The underlying gauge lost fell 0.1% Friday.Futures on Japan’s Nikkei 225 dropped 0.4%.Hang Seng futures were little changed. Futures on Australia’s S&P/ASX 200 Index lost 0.3%. CurrenciesThe yen was at 107.30 per dollar. The offshore yuan held at 6.8639 per dollar. The Bloomberg Dollar Spot Index fell 0.2%.The euro bought $1.1374.The lira rose 1.4% to 5.7349 per dollar. BondsThe yield on 10-year Treasuries increased two basis points to 2.05%.CommoditiesWest Texas Intermediate rose 0.5% to $57.70 a barrel. Gold increased 0.1% to $1,400.55 an ounce.\--With assistance from Alyce Andres, Robert Fullem and Nancy Moran.To contact the reporter on this story: Adam Haigh in Sydney at ahaigh1@bloomberg.netTo contact the editors responsible for this story: Christopher Anstey at canstey@bloomberg.net, Cormac MullenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
More Description
Image URL


U.S. Stock Futures Climb as Bonds Gain; Oil Rises: Markets Wrap
(Bloomberg) -- U.S. equity futures climbed with Asian stocks on Monday while European shares slipped as investors weighed mounting geopolitical risks and geared up for the high-stakes meeting between Presidents Donald Trump and Xi Jinping later this week. West Texas oil advanced as the White House said it was planning fresh sanctions on Iran.S&P 500 futures pointed to an upbeat start to the week on Wall Street, though they came off their highs for the session. European shares reversed an earlier gain, dragged lower by carmakers as Daimler AG cut its profit forecast for the third time in a year. Stocks saw modest increases across most major Asian markets. The euro strengthened to a three-month high even as data showed that a slump in German business confidence deepened in June, while the Turkish lira jumped after an opposition candidate won the redo of Istanbul’s mayoral race. The dollar dipped and Treasuries rose along with European bonds.Markets currently seem to lack conviction in either direction, as investors weigh the Middle East situation alongside a dovish shift from major central banks and the ongoing trade tensions between the U.S. and China. While America plans to announce more sanctions against Iran, Trump is also willing to negotiate with Iranian leaders with “no preconditions” to ensure the Islamic Republic never acquires a nuclear weapon. The sanctions would come days after the U.S. president abruptly called off a plan for air strikes.Next up comes a speech from Federal Reserve Chair Jerome Powell on Tuesday, then the Trump-Xi sit down on the sidelines of the Group of 20 summit in Japan at the end of the week.“The focus is now on G-20,” said Salman Ahmed, chief global strategist at Lombard Odier Investment Managers. “We have rallies in risky assets, but validation of a breakthrough is needed at the G-20 meeting for the current rally to continue. The clearest trend for us is downward pressure on yields globally as, breakthrough or not, easing is coming because damage is already in the pipeline.”Elsewhere, the Australian dollar rose after Reserve Bank of Australia Governor Philip Lowe said there are limits to what monetary easing can achieve. Gold extended its advance above $1,400 an ounce, while a Bitcoin surge took it above $11,000 for the first time in 15 months.Here are some key events coming up:Fed Chairman Jerome Powell speaks at the Council on Foreign Relations in New York Tuesday. He’ll discuss the challenges facing the U.S. economy.MSCI Inc. announces results of its 2019 Market Classification Review on Tuesday, including whether Kuwait gets upgraded from frontier to emerging-market status.The Group of 20 summit is in Osaka, Japan on Friday and Saturday.These are the main moves in markets:StocksFutures on the S&P 500 Index climbed 0.2% as of 7:18 a.m. New York time.The Stoxx Europe 600 Index declined 0.2% to the lowest in a week.The Shanghai Composite Index increased 0.2%, hitting the highest in almost eight weeks with its sixth straight advance.The MSCI Emerging Market Index fell less than 0.05%.CurrenciesThe Bloomberg Dollar Spot Index dipped 0.1%, hitting the lowest in almost 14 weeks with its fifth straight decline.The euro jumped 0.2% to $1.1394, the strongest in almost 14 weeks.The British pound climbed 0.1% to $1.275.The onshore yuan declined 0.2% to 6.878 per dollar.The Japanese yen advanced less than 0.05% to 107.29 per dollar, the strongest in about 14 months.BondsThe yield on 10-year Treasuries dipped two basis points to 2.03%.The yield on two-year Treasuries decreased two basis points to 1.75%.Germany’s 10-year yield declined three basis points to -0.31%.Japan’s 10-year yield advanced less than one basis point to -0.154%.CommoditiesWest Texas Intermediate crude increased 0.7% to $57.84 a barrel, the highest in almost four weeks.Iron ore fell 0.1% to $111.41 per metric ton.Gold climbed 0.6% to $1,408.30 an ounce, reaching the highest in almost six years on its fifth consecutive advance.\--With assistance from Adam Haigh and Anchalee Worrachate.To contact the reporter on this story: Yakob Peterseil in London at ypeterseil@bloomberg.netTo contact the editor responsible for this story: Samuel Potter at spotter33@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
More Description
Image URL


Stocks Fluctuate Near Records; Treasuries Rise: Markets Wrap
(Bloomberg) -- U.S. stocks fluctuated near records as investors weighed expectations for easier monetary policy against concerns about a slowing global economy. Treasuries gained, while the dollar fell.The S&P 500 swung near the 2,950 level, just below last week’s record fueled by the prospect of rate cuts. Tech shares led gains, while health-care paced losses. Bristol-Meyers Squibb Co. tumbled after the company said it will strip out a top drug from its merger with Celgene Corp. to get regulator approval. Energy producers slumped in the wake of new U.S. sanctions on Iran.Investors in risk assets have continued to shrug off signs of an economic slowdown and focus on the increasingly dovish tone at central banks around the world. That attention will intensify Tuesday when Fed Chair Jerome Powell discusses monetary policy. But sentiment could be at a crossroads as the conflict between the America and Iran has ramped up, and the meeting between China’s President Xi Jinping and Donald Trump this week at the Group of 20 conference in Japan presents a pivot point for trade relations between the two countries.The 10-year Treasury yield dropped to 2.03%, while West Texas crude traded around $57 a barrel. The euro touched a three-month high against the dollar even as data showed that a slump in German business confidence deepened in June.It’s “a pretty good guess that we won’t see a whole lot of movement in front of the big upcoming meetings (G20 and OPEC),” wrote Matt Maley, equity strategist at Miller Tabak & Co. “Given the meeting between President Trump & President Xi at the one and the impact the situation with Iran could/should have on the other, the results of those meetings should be quite important to the stock market’s next move.”Elsewhere, the Australian dollar rose after Reserve Bank of Australia Governor Philip Lowe said there are limits to what monetary easing can achieve. Gold extended its advance above $1,400 an ounce, while Bitcoin surged above 11,000.Here are some key events coming up:Fed Chairman Jerome Powell speaks at the Council on Foreign Relations in New York Tuesday. He’ll discuss the challenges facing the U.S. economy.MSCI Inc. announces results of its 2019 Market Classification Review on Tuesday, including whether Kuwait gets upgraded from frontier to emerging-market status.The Group of 20 summit is in Osaka, Japan on Friday and Saturday.These are the main moves in markets:StocksThe S&P 500 fell 0.1% as of 2:17 p.m. in New York.The Nasdaq 100 Index dropped 0.2%, while the Russell 2000 Index slid 0.9%.The Stoxx Europe 600 Index decreased 0.3% to the lowest in a week.The MSCI Emerging Market Index advanced less than 0.05%.CurrenciesThe Bloomberg Dollar Spot Index dropped 0.1%. The euro rose 0.2% to $1.1388, the strongest in almost 14 weeks.The British pound was little changed at $1.2736.The Japanese yen was little changed at 107.31 per dollar.BondsThe yield on 10-year Treasuries dipped three basis points to 2.03%.Germany’s 10-year yield declined two basis points to -0.31%.Japan’s 10-year yield advanced less than one basis point to -0.154%.CommoditiesWest Texas Intermediate crude was steady at $57.41 a barrel.Gold climbed 1.4% to $1,419.30 an ounce, reaching the highest in almost six years.\--With assistance from Anchalee Worrachate, Yakob Peterseil and Vildana Hajric.To contact the reporters on this story: Randall Jensen in New York at rjensen18@bloomberg.net;Sarah Ponczek in New York at sponczek2@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Randall JensenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
More Description
Image URL


Asian Stocks Set to Drift; Treasury Yields Drop: Markets Wrap
(Bloomberg) -- Stocks in Asia looked set to drift Tuesday after their U.S. counterparts slipped for a second session in a lackluster session. Treasuries gained, while the dollar declined.Equity futures were slightly lower in Japan, Australia and South Korea. The S&P 500 posted a modest loss as energy producers dropped in the wake of new U.S. sanctions on Iran where President Donald Trump imposed restrictions on the country’s supreme leader, Ayatollah Ali Khamenei, and eight senior military commanders. The 10-year Treasury yield dropped to 2.01%. West Texas oil futures pared recent gains in early Asian trading Tuesday.Markets look to have entered a holding pattern ahead of the meeting between Trump and China’s President Xi Jinping this week at the Group of 20 summit in Japan, which presents a pivot point for trade relations between the two countries. Sentiment remains fragile as investors mull geopolitical tensions between the U.S. and Iran. On Tuesday, traders will keep a close eye on Federal Reserve Chairman Jerome Powell, who discusses monetary policy in a speech in New York.It’s “a pretty good guess that we won’t see a whole lot of movement in front of the big upcoming meetings (G-20 and OPEC),” wrote Matt Maley, equity strategist at Miller Tabak & Co. “The results of those meetings should be quite important to the stock market’s next move.”Elsewhere, the euro touched a three-month high against the dollar even as data showed that a slump in German business confidence deepened in June. Gold extended its advance above $1,400 an ounceHere are some key events coming up:Fed Chairman Jerome Powell speaks at the Council on Foreign Relations in New York Tuesday. He’ll discuss the challenges facing the U.S. economy.MSCI Inc. announces results of its 2019 Market Classification Review on Tuesday, including whether Kuwait gets upgraded from frontier to emerging-market status.The Group of 20 summit is in Osaka, Japan on Friday and Saturday.These are the main moves in markets:StocksNikkei 225 futures fell 0.2%.S&P/ASX 200 futures were down 0.2%.Hang Seng futures were little changed.The S&P 500 fell 0.2%. The Nasdaq 100 Index fell 0.1%.CurrenciesThe Bloomberg Dollar Spot Index dropped 0.1%. The euro rose 0.2% to $1.1399, the strongest in almost 14 weeks.The British pound was little changed at $1.2736.The Japanese yen was little changed at 107.31 per dollar.China’s offshore yuan was at 6.8763 per dollar.BondsThe yield on 10-year Treasuries dipped four basis points to 2.01%.Germany’s 10-year yield declined two basis points to -0.31%.CommoditiesWest Texas Intermediate crude fell 0.3% to $57.70 a barrel.Gold slipped 0.1% to $1,419 an ounce after climbing 1.5% in the previous session.To contact the reporter on this story: Cormac Mullen in Tokyo at cmullen9@bloomberg.netTo contact the editor responsible for this story: Christopher Anstey at canstey@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
More Description
Image URL


Stocks Mixed as China Shares Slide; Yen Edges Up: Markets Wrap
(Bloomberg) -- Asian stocks traded mixed Tuesday with little broad direction in the run-up to a key U.S.-China summit. Chinese shares slid, and the yen edged higher.Shares fell in China and Hong Kong and U.S. stock futures ticked lower, while benchmarks in Tokyo, Seoul and Sydney were little changed. Trading was subdued in a number of markets as investors await news on the U.S.-China trade front; senior officials from the two sides spoke by phone Monday as preparations for the presidential meeting continue. Treasuries were little changed and oil pulled back after three days of gains. Gold extended its advance above $1,400 an ounce. Shanghai and Hong Kong benchmarks dropped over 1%, with China Merchants Bank tumbling as much as 7.3%, as analysts cited a Washington Post report about a U.S. investigation into sanctions violations with regard to North Korea.Elsewhere, stock markets appear to have entered a holding pattern ahead of the meeting between Presidents Donald Trump and Xi Jinping this week at the G-20 summit in Japan, which presents a pivot point for trade relations between the two countries. Sentiment remains fragile as investors mull geopolitical tensions between the U.S. and Iran. On Tuesday, traders will keep a close eye on Federal Reserve Chairman Jerome Powell, who discusses monetary policy in a speech in New York.It’s “a pretty good guess that we won’t see a whole lot of movement in front of the big upcoming meetings (G-20 and OPEC),” wrote Matt Maley, equity strategist at Miller Tabak & Co. “The results of those meetings should be quite important to the stock market’s next move.”Here are some key events coming up:Fed Chairman Jerome Powell speaks at the Council on Foreign Relations in New York Tuesday. He’ll discuss the challenges facing the U.S. economy.MSCI Inc. announces results of its 2019 Market Classification Review on Tuesday, including whether Kuwait gets upgraded from frontier to emerging-market status.The Group of 20 summit is in Osaka, Japan on Friday and Saturday.These are the main moves in markets:StocksThe MSCI Asia Pacific Index fell 0.2% as of 12:17 p.m. in Tokyo.Topix Index was flat.Hang Seng Index fell 1.3%.Shanghai Composite Index fell 1.7%.S&P/ASX 200 little changed.Kospi Index little changed.S&P 500 futures dipped 0.2%. The S&P 500 fell 0.2% Monday.CurrenciesThe Bloomberg Dollar Spot Index was little changed.The Japanese yen rose 0.2% to 107.06 per dollar.China’s offshore yuan was little changed at 6.8830 per dollar.The euro rose was at $1.1403.The British pound was little changed at $1.2746.BondsThe yield on 10-year Treasuries held at 2.01%.CommoditiesWest Texas Intermediate crude fell 1.1% to $57.30 a barrel.Gold rose 0.8% to $1,430.66 an ounce.To contact the reporter on this story: Cormac Mullen in Tokyo at cmullen9@bloomberg.netTo contact the editors responsible for this story: Christopher Anstey at canstey@bloomberg.net, Joanna OssingerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
More Description
Image URL


Stocks Mixed, Bonds Gain; Oil Rises on Iran Stress: Markets Wrap
(Bloomberg) -- U.S. futures climbed with Asian stocks on Monday while European shares slipped as investors weighed mounting geopolitical risks and geared up for the high-stakes meeting between Presidents Donald Trump and Xi Jinping later this week. Oil advanced as the White House said it was planning fresh sanctions on Iran.The Stoxx Europe 600 Index reversed an earlier gain, dragged lower by carmakers after Daimler AG cut its profit forecast for the third time in a year. S&P 500 futures climbed after the gauge slipped on Friday from an all-time high. Shares saw modest increases across most major Asian markets. The euro held on to an advance despite data showing that a slump in German business confidence deepened in June, while the Turkish lira jumped after an opposition candidate won the redo of Istanbul’s mayoral race. The dollar dipped, and Treasuries ticked higher along with European bonds.Markets currently seem to lack conviction in either direction, as investors weigh the Middle East situation alongside a dovish shift from major central banks and the ongoing trade tensions between the U.S. and China. Next up comes a speech from Federal Reserve Chair Jerome Powell on Tuesday, then the Trump-Xi tete-a-tete on the sidelines of the Group of 20 summit in Japan at the end of the week.The U.S. plans to announce more sanctions against Iran, but Trump is also willing to negotiate with Iranian leaders with “no preconditions” to ensure the Islamic Republic never acquires a nuclear weapon. The sanctions would come days after the U.S. president abruptly called off a plan for air strikes.Elsewhere, the Australian dollar rose after Reserve Bank of Australia Governor Philip Lowe said there are limits to what monetary easing can achieve. Gold extended its advance above $1,400 an ounce, while Bitcoin surged, trading above $11,000 for the first time in 15 months.Here are some key events coming up:Fed Chairman Jerome Powell speaks at the Council on Foreign Relations in New York Tuesday. He’ll discuss the challenges facing the U.S. economy.MSCI Inc. announces results of its 2019 Market Classification Review on Tuesday, including whether Kuwait gets upgraded from frontier to emerging-market status.The Group of 20 summit is in Osaka, Japan on Friday and Saturday.These are the main moves in markets:StocksFutures on the S&P 500 Index gained 0.3% as of 9:29 a.m. London time.The Stoxx Europe 600 Index decreased 0.1% to the lowest in a week.The Shanghai Composite Index increased 0.2%, hitting the highest in almost eight weeks with its sixth straight advance.The MSCI Emerging Market Index advanced 0.1%, the highest in almost seven weeks.CurrenciesThe Bloomberg Dollar Spot Index dipped 0.1%, hitting the lowest in almost 14 weeks with its fifth straight decline.The euro jumped 0.2% to $1.1394, the strongest in almost 14 weeks.The British pound advanced less than 0.05% to $1.2739, hitting the strongest in more than five weeks with its fifth consecutive advance.The onshore yuan declined 0.2% to 6.88 per dollar.The Japanese yen decreased 0.1% to 107.40 per dollar, the largest dip in more than a week.BondsThe yield on 10-year Treasuries dipped one basis point to 2.05%.The yield on two-year Treasuries advanced less than one basis point to 1.77%.Germany’s 10-year yield declined one basis point to -0.29%.Japan’s 10-year yield climbed less than one basis point to -0.154%.CommoditiesWest Texas Intermediate crude increased 1% to $58.01 a barrel, the highest in almost four weeks.Iron ore advanced 0.2% to $111.72 per metric ton.Gold climbed 0.4% to $1,404.62 an ounce, reaching the highest in almost six years on its fifth consecutive advance.\--With assistance from Adam Haigh.To contact the reporter on this story: Yakob Peterseil in London at ypeterseil@bloomberg.netTo contact the editor responsible for this story: Samuel Potter at spotter33@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
More Description
Image URL


Stocks Trade Mixed; Oil Climbs on Iran Tensions: Markets Wrap
(Bloomberg) -- Stocks in Asia opened mixed, while U.S. futures edged higher, as investors monitor geopolitical risks and plans for the high-stakes meeting between Presidents Donald Trump and Xi Jinping. Oil climbed as the U.S. said it was planning sanctions on Iran.Japanese and Australian shares slipped, and South Korea stocks were little changed. S&P 500 futures rose after the gauge Friday slipped from an all-time high. The yen and the offshore yuan were steady. The yield on 10-year Treasuries was flat at 2.06%. The Turkish lira surged after the opposition candidate won the redo of Istanbul’s mayoral race. The Aussie edged up after Reserve Bank of Australia Governor Philip Lowe said there are limits to what monetary easing can achieve.Investors are weighing the Middle East situation alongside a dovish shift from major central banks and the ongoing trade tensions between the U.S. and China. Next up comes a speech from Federal Reserve Chair Jerome Powell on Tuesday, then the Trump-Xi tete-a-tete on the sidelines of the Group of 20 summit in Japan at the end of the week.Minneapolis Fed President Neel Kashkari said Friday he called for a 50 basis point reduction in interest rates at the central bank’s June 18-19 meeting. Fed Vice Chairman Richard Clarida said the argument in favor of cutting rates has strengthened recently as cross currents buffet the U.S. economy amid heightened uncertainty.Meanwhile the U.S. plans to announce more sanctions against Iran, but Trump is also willing to negotiate with Iranian leaders with “no preconditions” to ensure the Islamic Republic never acquires a nuclear weapon. The sanctions would come days after the U.S. president abruptly called off a plan for air strikes.Here are some key events coming up:Fed Chairman Jerome Powell speaks at the Council on Foreign Relations in New York Tuesday. He’ll discuss the challenges facing the U.S. economy.MSCI Inc. announces results of its 2019 Market Classification Review on Tuesday, including whether Kuwait gets upgraded from frontier to emerging-market status.Group of 20 summit in Osaka, Japan on Friday and Saturday.These are the main moves in markets:Stocks Futures on the S&P 500 Index rose 0.2% as of 9:05 a.m. in Tokyo. The underlying gauge lost fell 0.1% Friday.Japan’s Topix index dropped 0.2%.South Korea’s added 0.2%.Australia’s S&P/ASX 200 Index lost 0.1%. CurrenciesThe yen was at 107.40 per dollar. The offshore yuan rose 0.1% to 6.8581 per dollar. The Bloomberg Dollar Spot Index dipped 0.1%.The euro bought $1.1383, up 0.1%.The lira rose 0.9% to 5.7654 per dollar. BondsThe yield on 10-year Treasuries increased one basis point to 2.06%.Australian’s 10-year yield added four basis points to 1.32%. CommoditiesWest Texas Intermediate rose 0.9% to $57.93 a barrel. Gold increased 0.6% to $1,407.29 an ounce.To contact the reporter on this story: Adam Haigh in Sydney at ahaigh1@bloomberg.netTo contact the editor responsible for this story: Christopher Anstey at canstey@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
More Description
Image URL


Stocks Slip on Geopolitical Tensions; Havens Rise: Markets Wrap
(Bloomberg) -- European and Asian stocks fell alongside U.S. equity futures as geopolitical tensions simmered in the build up to this week’s G-20 meeting. Investors sought safer assets, and Treasuries, gold and the yen all rose.The Stoxx Europe 600 Index declined for a third day as nearly every sector retreated, while contracts for the three main U.S. equity gauges pointed to a drop at the New York open. The moves tracked those in Asia, where benchmarks in Tokyo, Seoul and Sydney reversed earlier gains after Iran suggested new sanctions had closed off a diplomatic solution to a dispute with Washington. Meanwhile, Bloomberg reported President Donald Trump has recently mused to confidants about withdrawing from a longstanding defense treaty with Japan that he thinks treats the U.S. unfairly.As the risk-off mood took hold gold jumped to the highest in six years, the yen ground higher against the dollar and the yield on 10-year Treasuries once again tested 2%.With stress between the U.S. and Iran building and the White House apparently playing down hopes of a trade breakthrough when Trump and China’s Xi Jinping meet this week, investors are finding few reasons to prolong the recent central bank-fueled rally. On Tuesday, traders will keep a close eye on Federal Reserve Chairman Jerome Powell, who discusses monetary policy in a speech in New York.In Asia, benchmarks in Shanghai and Hong Kong led a regional retreat as China Merchants Bank tumbled as much as 10%. The Washington Post reported a U.S. judge has found three large Chinese banks in contempt for refusing to comply with subpoenas in an investigation into North Korean sanctions violations.Elsewhere, oil was slightly lower after rallying almost 8% in three days as investors weighed the situation in the Middle East against the possibility of OPEC+ extending production cuts. Bitcoin extended its gains through $11,000.Here are some key events coming up:Fed Chairman Jerome Powell speaks at the Council on Foreign Relations in New York Tuesday. He’ll discuss the challenges facing the U.S. economy.MSCI Inc. announces results of its 2019 Market Classification Review on Tuesday, including whether Kuwait gets upgraded from frontier to emerging-market status.The Group of 20 summit is in Osaka, Japan on Friday and Saturday.These are the main moves in markets:StocksFutures on the S&P 500 Index dipped 0.2% as of 8:07 a.m. London time.The Stoxx Europe 600 Index fell 0.3% to the lowest in more than a week.The U.K.’s FTSE 100 Index sank 0.5% to the lowest in more than a week.The MSCI Emerging Market Index decreased 0.4%, the biggest dip in more than a week.The MSCI Asia Pacific Index declined 0.3%.CurrenciesThe Bloomberg Dollar Spot Index fell 0.1%, reaching the lowest in almost 14 weeks on its sixth straight decline.The euro dipped less than 0.05% to $1.1397, the first retreat in a week.The British pound rose 0.2% to $1.2764, reaching the strongest in almost six weeks on its sixth consecutive advance.The Japanese yen climbed 0.3% to 107.01 per dollar, the strongest in more than 14 months.BondsThe yield on 10-year Treasuries fell one basis point to 2.00%, the lowest in more than two years.Germany’s 10-year yield dipped less than one basis point to -0.31%.Britain’s 10-year yield gained less than one basis point to 0.819%.CommoditiesWest Texas Intermediate crude dipped 0.2% to $57.77 a barrel.Gold gained 0.8% to $1,431.02 an ounce, reaching the highest in more than six years on its sixth consecutive advance.To contact the reporters on this story: Samuel Potter in London at spotter33@bloomberg.net;Cormac Mullen in Tokyo at cmullen9@bloomberg.netTo contact the editors responsible for this story: Samuel Potter at spotter33@bloomberg.net, Yakob PeterseilFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
More Description
Image URL


Stocks Drift in Asian Trading, Yields Stay Lower: Markets Wrap
(Bloomberg) -- Stocks in Asia drifted Tuesday with little direction from a lackluster U.S. session. Treasuries held gains, while the dollar was flat after dropping on Monday.Shares were little changed in Japan, South Korea and Australia as traders looked to the upcoming G-20 summit this weekend. Trade representatives from both the U.S. and China spoke by phone Monday as preparations for negotiations continued. Earlier, the S&P 500 posted a modest loss as energy producers dropped in the wake of new U.S. sanctions on Iran. West Texas oil futures steadied after three days of gains. The 10-year Treasury yield held at 2.02%.Markets look to have entered a holding pattern ahead of the meeting between Presidents Donald Trump and Xi Jinping this week at the G-20 summit in Japan, which presents a pivot point for trade relations between the two countries. Sentiment remains fragile as investors mull geopolitical tensions between the U.S. and Iran. On Tuesday, traders will keep a close eye on Federal Reserve Chairman Jerome Powell, who discusses monetary policy in a speech in New York.It’s “a pretty good guess that we won’t see a whole lot of movement in front of the big upcoming meetings (G-20 and OPEC),” wrote Matt Maley, equity strategist at Miller Tabak & Co. “The results of those meetings should be quite important to the stock market’s next move.”Elsewhere, the euro touched a three-month high against the dollar even as data showed that a slump in German business confidence deepened in June. Gold extended its advance above $1,400 an ounceHere are some key events coming up:Fed Chairman Jerome Powell speaks at the Council on Foreign Relations in New York Tuesday. He’ll discuss the challenges facing the U.S. economy.MSCI Inc. announces results of its 2019 Market Classification Review on Tuesday, including whether Kuwait gets upgraded from frontier to emerging-market status.The Group of 20 summit is in Osaka, Japan on Friday and Saturday.These are the main moves in markets:StocksTopix Index rose 0.2% at 9:11 a.m. in Tokyo.S&P/ASX 200 fell 0.2%.Kospi Index rose 0.1%.Hang Seng futures were little changed.S&P 500 futures rose 0.1%. The S&P 500 fell 0.2% Monday. CurrenciesThe Bloomberg Dollar Spot Index was little changed.The euro rose less than 0.1% to $1.1402.The British pound was little changed at $1.2740.The Japanese yen fell 0.1% to 107.40 per dollar.China’s offshore yuan rose 0.1% to 6.8705 per dollar.BondsThe yield on 10-year Treasuries held at 2.02%.CommoditiesWest Texas Intermediate crude was little changed at $57.90 a barrel.Gold rose 0.4% to $1,425 an ounce.To contact the reporter on this story: Cormac Mullen in Tokyo at cmullen9@bloomberg.netTo contact the editor responsible for this story: Christopher Anstey at canstey@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
More Description
Image URL


U.S. Equities Mixed; Treasuries Rise, Dollar Falls: Markets Wrap
(Bloomberg) -- U.S. stocks fluctuated near records as investors weighed expectations for easier monetary policy against concerns about a slowing global economy. Treasuries gained, while the dollar fell.The S&P 500 swung near the 2,950 level, just below last week’s record fueled by the prospect of rate cuts. Tech shares led gains, while health-care paced losses. Bristol-Meyers Squibb Co. tumbled after the company said it will strip out a top drug from its merger with Celgene Corp. to get regulator approval. European shares fell, dragged lower by carmakers as Daimler AG cut its profit forecast for the third time in a year.Investors in risk assets have continued to shrug off signs of an economic slowdown and focus on the increasingly dovish tone at central banks around the world. That attention will intensify Tuesday when Fed Chair Jerome Powell discusses monetary policy. But sentiment could be at a crossroads as the conflict between the America and Iran has ramped up, and the meeting between China’s President Xi Jinping and Donald Trump this week at the Group of 20 conference in Japan presents a pivot point for trade relations between the two countries.The 10-year Treasury yield dropped to 2.02%, while West Texas crude fell toward $57 a barrel. The euro touched a three-month high against the dollar even as data showed that a slump in German business confidence deepened in June.It’s “a pretty good guess that we won’t see a whole lot of movement in front of the big upcoming meetings (G20 and OPEC),” wrote Matt Maley, equity strategist at Miller Tabak & Co. “Given the meeting between President Trump & President Xi at the one and the impact the situation with Iran could/should have on the other, the results of those meetings should be quite important to the stock market’s next move.”Elsewhere, the Australian dollar rose after Reserve Bank of Australia Governor Philip Lowe said there are limits to what monetary easing can achieve. Gold extended its advance above $1,400 an ounce, while Bitcoin surged toward 11,000.Here are some key events coming up:Fed Chairman Jerome Powell speaks at the Council on Foreign Relations in New York Tuesday. He’ll discuss the challenges facing the U.S. economy.MSCI Inc. announces results of its 2019 Market Classification Review on Tuesday, including whether Kuwait gets upgraded from frontier to emerging-market status.The Group of 20 summit is in Osaka, Japan on Friday and Saturday.These are the main moves in markets:StocksThe S&P 500 was virtually unchanged at 12:42 p.m. in New York.The Nasdaq 100 Index was up 0.1% while the Russell 2000 Index slid 0.7%.The Stoxx Europe 600 Index decreased 0.3% to the lowest in a week.The MSCI Emerging Market Index advanced less than 0.05%.CurrenciesThe Bloomberg Dollar Spot Index dropped 0.1%. The euro rose 0.2% to $1.1388, the strongest in almost 14 weeks.The British pound was little changed at $1.2736.The Japanese yen was little changed at 107.31 per dollar.BondsThe yield on 10-year Treasuries dipped four basis points to 2.01%.Germany’s 10-year yield declined two basis points to -0.31%.Japan’s 10-year yield advanced less than one basis point to -0.154%.CommoditiesWest Texas Intermediate crude fell 0.6% to $57.16 a barrel.Gold climbed 0.8% to $1,411.90 an ounce, reaching the highest in almost six years.\--With assistance from Anchalee Worrachate and Yakob Peterseil.To contact the reporters on this story: Randall Jensen in New York at rjensen18@bloomberg.net;Sarah Ponczek in New York at sponczek2@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Randall JensenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
More Description
Image URL


Asian Stocks Trade Mixed, U.S. Yields Stay Lower: Markets Wrap
(Bloomberg) -- Asian stocks traded mixed Tuesday with little direction from a lackluster U.S. session. Treasuries held gains, while the dollar remained under pressure.Shares edged higher in Japan and South Korea, and slipped in Hong Kong and China as traders await the upcoming G-20 summit this weekend. Trade representatives from the U.S. and China spoke by phone Monday as preparations for negotiations continued. Earlier, the S&P 500 posted a modest loss as energy producers dropped in the wake of new U.S. sanctions on Iran. West Texas oil futures pulled back after three days of gains. The 10-year Treasury yield held at 2.02% and the yen ticked higher.Markets look to have entered a holding pattern ahead of the meeting between Presidents Donald Trump and Xi Jinping this week at the G-20 summit in Japan, which presents a pivot point for trade relations between the two countries. Sentiment remains fragile as investors mull geopolitical tensions between the U.S. and Iran. On Tuesday, traders will keep a close eye on Federal Reserve Chairman Jerome Powell, who discusses monetary policy in a speech in New York.It’s “a pretty good guess that we won’t see a whole lot of movement in front of the big upcoming meetings (G-20 and OPEC),” wrote Matt Maley, equity strategist at Miller Tabak & Co. “The results of those meetings should be quite important to the stock market’s next move.”Elsewhere, the euro touched a three-month high against the dollar even as data showed that a slump in German business confidence deepened in June. Gold extended its advance above $1,400 an ounceHere are some key events coming up:Fed Chairman Jerome Powell speaks at the Council on Foreign Relations in New York Tuesday. He’ll discuss the challenges facing the U.S. economy.MSCI Inc. announces results of its 2019 Market Classification Review on Tuesday, including whether Kuwait gets upgraded from frontier to emerging-market status.The Group of 20 summit is in Osaka, Japan on Friday and Saturday.These are the main moves in markets:StocksThe MSCI Asia Pacific Index rose 0.2% as of 10:29 a.m. in Tokyo.Topix Index rose 0.2%.Hang Seng Index fell 0.3%.Shanghai Composite Index fell 0.1%.S&P/ASX 200 was little changed.Kospi Index rose 0.1%.S&P 500 futures rose 0.1%. The S&P 500 fell 0.2% Monday.CurrenciesThe Bloomberg Dollar Spot Index fell 0.1%.The euro rose 0.1% to $1.1408.The British pound was little changed at $1.2749.The Japanese yen rose 0.2% to 107.14 per dollar.China’s offshore yuan rose 0.1% to 6.8713 per dollar.BondsThe yield on 10-year Treasuries held at 2.02%.CommoditiesWest Texas Intermediate crude was little changed at $57.86 a barrel.Gold rose 0.4% to $1,425 an ounce.To contact the reporter on this story: Cormac Mullen in Tokyo at cmullen9@bloomberg.netTo contact the editor responsible for this story: Christopher Anstey at canstey@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
More Description
Image URL


U.S. Stocks Edge Higher as Treasuries Advance: Markets Wrap
(Bloomberg) -- U.S. equities edged toward records as expectations for easier monetary policy mounted. Treasuries and oil advanced as the White House said it was planning new sanctions on Iran. The S&P 500 rose for the fifth time in six sessions as economists from major banks grew more confident the Federal Reserve will cut rates at its July meeting and President Donald Trump piled more pressure on the central bank to cut. European shares fell, dragged lower by carmakers as Daimler AG cut its profit forecast for the third time in a year. The 10-year Treasury yield fell to 2.03 percent, while West Texas crude rallied toward $58 a barrel as tensions in the Middle East ratcheted higher. Investors in risk assets have continued to shrug off signs of a global economic slowdown and focus on the increasingly dovish tone at central banks around the world. That attention will intensify Tuesday when Fed Chair Jerome Powell discusses monetary policy. But sentiment could be at a crossroads as the conflict between the U.S. and Iran has ramped up, and the meeting between China’s President Xi Jinping and Trump this week at the Group of 20 conference in Japan presents a pivot point for trade relations between the two countries. The euro strengthened to a three-month high against the dollar even as data showed that a slump in German business confidence deepened in June, while the Turkish lira jumped after an opposition candidate won the redo of Istanbul’s mayoral race.“The focus is now on G-20,” said Salman Ahmed, chief global strategist at Lombard Odier Investment Managers. “We have rallies in risky assets, but validation of a breakthrough is needed at the G-20 meeting for the current rally to continue. The clearest trend for us is downward pressure on yields globally as, breakthrough or not, easing is coming because damage is already in the pipeline.”Elsewhere, the Australian dollar rose after Reserve Bank of Australia Governor Philip Lowe said there are limits to what monetary easing can achieve. Gold extended its advance above $1,400 an ounce.Here are some key events coming up:Fed Chairman Jerome Powell speaks at the Council on Foreign Relations in New York Tuesday. He’ll discuss the challenges facing the U.S. economy.MSCI Inc. announces results of its 2019 Market Classification Review on Tuesday, including whether Kuwait gets upgraded from frontier to emerging-market status.The Group of 20 summit is in Osaka, Japan on Friday and Saturday.These are the main moves in markets:StocksThe S&P 500 Index gained 0.1% as of 9:43 a.m. New York time.The Stoxx Europe 600 Index decreased 0.2% to the lowest in a week.The MSCI Emerging Market Index advanced less than 0.05%.CurrenciesThe Bloomberg Dollar Spot Index was little changed. The euro rose 0.1% to $1.1384, the strongest in almost 14 weeks.The British pound fell 0.2% to $1.2741.The Japanese yen fell 0.1% to 107.41 per dollar.BondsThe yield on 10-year Treasuries dipped two basis points to 2.03%.Germany’s 10-year yield declined two basis points to -0.31%.Japan’s 10-year yield advanced less than one basis point to -0.154%.CommoditiesWest Texas Intermediate crude increased 0.2% to $57.53 a barrel, the highest in almost four weeks.Gold climbed 0.7% to $1,409.60 an ounce, reaching the highest in almost six years.\--With assistance from Adam Haigh and Anchalee Worrachate.To contact the reporter on this story: Yakob Peterseil in London at ypeterseil@bloomberg.netTo contact the editor responsible for this story: Samuel Potter at spotter33@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
More Description
Image URL

 
 
 
vlrPhone
vlrFilter

Project of very low consumption, radiation and bitrate softphones, with the support of the spatial audio, of the frequency shifts and of the ultrasonic communications
Multifunction Audio Filter with Remote Control
More Information
Free the Animation VR
AR

Play to reveal 3D images and 3D models
More Information

WhmSoft Moblog
Copyright (C) 2006-2020 WhmSoft
All Rights Reserved