Banks power Wall St rally
US stocks rose as the Trump administration's plan to roll back financial regulations sparked a rally in bank shares.
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US stocks rose as the Trump administration's plan to roll back financial regulations sparked a rally in bank shares.
President Donald Trump is moving to loosen rules enacted after the financial crisis that restrict the way Wall St operates.
Wall Street banks will have to show they could survive a major global recession as part of an annual stress test by the Fed.
The market for US short-term interest rates has been abuzz with talk of a winning, hawkish bet on Federal Reserve policy.
As stock hedging goes, Brexit isn't the uppermost on investors' minds these days.
Falling volatility in currency markets suggests traders are getting used to the rhetoric in President Donald Trump's tweets.
Mohamed El-Erian said lacklustre wage growth in the US may prompt the Fed to pause before raising interest rates again.
BHP has asked the government to mediate with unionised workers at its Escondida copper mine in Chile, the world's largest.
Canadian department store operator Hudson's Bay has made a takeover approach for US department store chain Macy's.
​Employers added a healthy 227,000 workers to their payrolls in January, the government reported.
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