Bloomberg Markets

Pound Traders Look to U.K. Inflation Data to Bolster Recovery

Edit Yahoo Daily News 12 Nov 2016

More from Bloomberg.com ... The market is very short the pound,” he said, referring to bets that the currency will weaken ... More from Bloomberg.com ... More from Bloomberg.com ... More from Bloomberg.comDow Record Comes in Market Radically Polarized by Trump VictoryTrump Outlines Health Plan, From Obamacare Repeal to AbortionTrump Shakes Up Transition, Begins to Articulate Priorities ... Inflation Data to Bolster Recovery on bloomberg.com ....

Dollar Bloodbath Turns Bonanza as Fiscal Spark Seen in Trump Win

Edit Bloomberg 12 Nov 2016

The consensus in the $5.1 trillion-a-day currency market couldn’t have been more wrong ... presidential election would spur a dollar rout as investors anticipated uncertainty and financial-market volatility that would cause the Federal Reserve to delay interest-rate increases ... The Bloomberg Dollar Spot Index, which tracks the currency against 10 major peers, surged almost 2.8 percent this week, the most since September 2011....

photo: WN / Denise Yong

KLdy1 - Aug08 - Wells Fargo Bank in Sausalito, California. (dy1)

Buffett Says Stumpf ‘Made a Hell of a Mistake’ at Wells Fargo

Edit Yahoo Daily News 12 Nov 2016

More from Bloomberg.com. Dow Record Comes in Market Radically Polarized by Trump Victory ... More from Bloomberg.com ... The stock market “will be higher in 10, 20, 30 years from now,” Buffett, 86, said in the interview with Poppy Harlow ... More from Bloomberg.comTrump Outlines Health Plan, From Obamacare Repeal to AbortionTrump’s Data Team Saw a Different America—and They Were RightTesla’s Future in Trump’s World....

Dollar surprises as fiscal spark seen in Trump win

Edit Taipei Times 12 Nov 2016

The consensus in the US$ 5.1 trillion a day currency market could not have been more wrong. The widely held view was that a victory by US Republican presidential candidate Donald Trump would spur a US dollar rout as investors anticipated uncertainty and financial market volatility that would cause the US Federal Reserve to delay interest-rate increases....

Worst Week for Bonds Since 2013 Seen Overstating Trump Policies

Edit Bloomberg 12 Nov 2016

After Treasuries plunged this week on expectations that President-elect Donald Trump will boost government spending and stoke inflation, some of the bond market’s biggest dealers and investors say the economic optimism may be short-lived ... warned that financial markets may be overreacting ... Friday in New York, according to Bloomberg Bond Trader data ... 9 interview on Bloomberg TV ... Before it's here, it's on the Bloomberg Terminal....

India’s Largest Bank Gets $7 Billion in Deposits as ATMs Run Dry

Edit Yahoo Daily News 12 Nov 2016

More from Bloomberg.com. Trump Win Lifts Buffett Back to Second-Richest in the World ... More from Bloomberg.com ... Read more ... More from Bloomberg.com ... More from Bloomberg.comTrump Shakes Up Transition, Begins to Articulate PrioritiesTrump Outlines Health Plan, From Obamacare Repeal to AbortionDow Record Comes in Market Radically Polarized by Trump Victory. Read India’s Largest Bank Gets $7 Billion in Deposits as ATMs Run Dry on bloomberg.com ....

Chateau Palmer ’61 Fetches $53,775 at Hart Bordeaux Wine Auction

Edit Bloomberg 12 Nov 2016

auction in Chicago this month while the same quantity of Chateau Haut Brion 1959 fetched $47,800, both beating pre-sale estimates in a sign that demand for historic Bordeaux is helping lead a broader recovery in the market for top vintages from the region ... Guy Collins/Bloomberg ... 5, came as the fine wine market is rallying from a 40 percent drop in prices of many top Bordeaux wines since 2011....

Katy Perry donates $10K to Planned Parenthood, urges fans to follow suit

Edit AOL 12 Nov 2016

With Vice President Joe Biden officially out of the presidential race, the nation's first nominating contest between front-runner Clinton and Senator Bernie Sanders is gaining steam, according to a new Bloomberg Politics/Des Moines Register Iowa Poll ... Daniel Acker/Bloomberg via Getty Images ... Daniel Acker/Bloomberg via Getty Images ... Daniel Acker/Bloomberg via Getty Images ... Daniel Acker/Bloomberg via Getty Images....

Unexpected Election Outcome Begets Unexpected Winners and Losers

Edit Bloomberg 12 Nov 2016

Here’s one way to sum up how markets behaved following the U.S ... Donald Trump’s upset victory was supposed to tank developed stock markets, especially in the U.S ... Emerging-market securities and tax-free municipal bonds are among the few assets reacting as predicted ... The big story of the week was the beating emerging equity markets took on fears that President-elect Trump’s protectionist proclivities will crimp their exports....

Metal markets swing as waning Trump euphoria stalls copper rally

Edit The Oklahoman 12 Nov 2016

(Bloomberg) -- Copper surrendered its biggest gain in seven years and gold, silver and mining stocks tumbled as investors reassess the consequences of Donald Trump's stimulus plans ... Copper trading volume was over four times average levels, while price swings in options were the highest since January, data compiled by Bloomberg show ... (c) 2016, Bloomberg ....

Former Microsoft CEO Steve Ballmer says smartphones caused rift with Bill Gates

Edit Daily Herald 12 Nov 2016

Steve Ballmer said his decision to push Microsoft into the hardware business contributed to the breakdown of his relationship with longtime friend and company co-founder Bill Gates. Ballmer's only regret. not doing it sooner. Ballmer, who was chief executive officer of Microsoft for 14 years, told Bloomberg Television that if he could do it all again, he would have entered the mobile device market years earlier ... ....

Canada Stocks Fall Most in Eight Weeks as Resource Prices Slump

Edit Bloomberg 12 Nov 2016

Canadian stocks fell for a second day, posting their worst one-day slide in eight weeks, as resource producers tumbled with oil and gold. The S&P/TSX Composite Index fell 1.3 percent to 14,555.41 at 4 p.m. in Toronto, paring gains for the week to 0.3 percent. The equity benchmark remains up 12 percent in 2016, the top performer among developed markets tracked by Bloomberg ... Before it's here, it's on the Bloomberg Terminal ... ....

London's Housing Slowdown Holds Back U.K. Property-Price Gains

Edit Bloomberg 12 Nov 2016

London’s property market has been hardest hit by the U.K.’s decision to leave the European Union and the imposition of a stamp duty surcharge on investment properties in April ... “In the short-to-medium term, the outlook for the housing market remains modest,” Acadata ... Before it's here, it's on the Bloomberg Terminal....

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