(Bloomberg) — Gold edged lower after President Donald Trump imposed tariffs on imports from Canada, Mexico and China, with a surging dollar outweighing haven demand as the world braces for trade wars. Most Read from Bloomberg Bullion traded near $2,790 an ounce, but remained close to a record high reached Friday, while a US currency
(Bloomberg) — Gold hit a new all-time high as the dollar pushed lower and traders sought safety amid concerns over President Donald Trump’s tariff measures. Most Read from Bloomberg Bullion surged as much as 1.4% to $2,798.59 an ounce, surpassing its previous all-time high set in October. A weaker dollar makes bullion more appealing for
(Bloomberg) — Corporate bonds are likely to outstrip Treasuries for a seventh straight year as the market steadies and elevated interest rates bolster returns, according to Vanguard Group Inc. Most Read from Bloomberg “Yields are attractive compared with those observed since the 2008 global financial crisis,” the asset manager’s fixed-income team, led by Sara Devereux,
(Bloomberg) — The UK’s borrowing costs are heading for their biggest three-day drop in more than a year, but traders see little relief ahead for the pound amid lingering concerns about the government’s finances. Most Read from Bloomberg The country’s 10-year yields have slid over 25 basis points since Wednesday, following a combination of weaker
(Bloomberg) — China has initiated stress tests with financial institutions on their bond investments, to make sure they can handle any market volatility should a record-breaking rally reverse, according to state-run media. Most Read from Bloomberg The People’s Bank of China has made a gradual start to the tests recently, wary that a bull run
(Bloomberg) — Stocks rallied across the board and bond yields tumbled, with Jerome Powell giving its clearest signal yet that the Federal Reserve will begin cutting interest rates in September. Most Read from Bloomberg While Wall Street had already priced in the start of policy easing next month, Powell’s comments that the “time has come”
(Bloomberg) — Bond yields fell as a big downward revision of US payrolls reinforced bets the Federal Reserve will cut rates in September. Most Read from Bloomberg Treasuries rose across the curve, with the move led by shorter maturities. Swap traders are pricing in about 100 basis points worth of easing in 2024. The implied
(Bloomberg) — When the Japanese stock market endured its worst selloff in years earlier this month, foreign investors were selling futures heavily but buying cash equities. To some, that is a good sign that stickier money hasn’t lost confidence in the market. Most Read from Bloomberg Foreign investors sold ¥777 billion ($5.28 billion) in Japanese
(Bloomberg) — Kroger Co. is selling $10.5 billion of bonds on Tuesday to help fund its acquisition of fellow grocer Albertsons Cos. in what will be one of the biggest corporate bond deals of the year. Most Read from Bloomberg The supermarket chain is selling bonds in seven parts, according to a person with knowledge
(Bloomberg) — Stocks kept pushing higher, adding to a rally from August lows that’s already topped $3 trillion amid bets the Federal Reserve will signal it’s ready to start cutting interest rates. Most Read from Bloomberg All major groups in the S&P 500 rose, with the gauge up for an eighth straight day — the