Stocks










Earnings feed global stock rally as bonds retreat: Markets wrap

Bloomberg.- The MSCI All-Country World Index and a gauge of German stocks headed for the highest closing level since 2015 as European equities were swept up in trades favoring banks and cyclical companies as the agents of economic growth. Bonds fell as investors rotated toward shares. The Mexican peso slumped after U.S. President Donald Trump said he plans to unveil actions that include steps toward building a border wall. A gauge of commodities dropped for the first time in three days as oil fell on increased U.S. stockpiles.







Stocks rise as election risks fade; pound jumps on Brexit ruling

Bloomberg.- A rally in European stocks ended their longest losing streak in two years as concern over the outcome of the U.S. presidential election faded, and the pound surged after a court ruled that the U.K. must hold a vote in Parliament before starting the two-year countdown to Brexit. British government bonds extended declines after the Bank of England said it no longer expects to cut interest rates this year.





Goldman Sachs sees shock potential for U.S., European Stocks

Bloomberg.- U.S. and European equities are in for a bumpy ride into the end of the year. That’s the message from Goldman Sachs Group Inc., which says that political risks, exacerbated by a weak economy in Europe and high stock prices in the U.S., make those markets vulnerable to declines in the next three months. The firm projects that the S&P 500 Index and the Stoxx Europe 600 Index will each drop by about 2 percent by December.