Markets
Stocks, bonds, currencies and commodities, plus the macro flows moving global markets day to day.
European ADRs slip at Monday's open as energy gains offset tech losses
European stocks trading in the US opened the week slightly lower, with the S&P Europe Select ADR Index down 0.14%. Energy majors Eni and She
Michael Burry-linked fund to bet against private credit as defaults rise
A new hedge fund linked to 'The Big Short' investor Michael Burry is set to launch this month, betting that opaque private credit loan books
Asian ADRs slip as Indian bank shares lead Monday's decline
Asian stocks trading in the US opened the week lower, with the S&P Asia 50 ADR Index down 0.4%. Indian bank shares HDFC Bank and ICICI Bank
Loonie slides toward CA$1.42 as trade worries and weak data cloud BoC rate path
Rosenberg Research says the loonie is drifting back toward CA$1.42 as trade tensions and softer domestic data weigh. Rate markets still expe
Copart's $1.9B ACV Deal Leads M&A Roundup; Shell Sells Plant Stake
Copart's $1.9B all-cash acquisition of ACV Auctions tops a busy M&A week, while Shell sells a Rhode Island power plant stake to Constellatio
Corporate America faces $4.3 trillion refinancing crunch as cheap debt era ends
Corporate America is heading into a refinancing crunch: $4.3 trillion in bonds mature by 2031, and replacing cheap debt with today's higher
Holiday online sales to grow 6.7%, but discounts drive the gain
Adobe Analytics expects US online holiday sales to grow 6.7% to $275.1 billion, but much of that growth will come from deeper discounts. Mar
Dollar mixed as traders brace for jobs report and Fed speakers
The dollar opened the week mixed, slipping against the yen and pound but firming versus the euro and Canadian dollar. Traders are focused on
Asia stocks slip as oil and Treasury yields climb, OpenAI pauses training
Asian markets slipped as oil prices and US Treasury yields both climbed, pressuring risk appetite. OpenAI's decision to pause training on it
BoE's bond sale plan through 2034 calms long-dated gilt market
The Bank of England's roadmap for selling down its £488 billion gilt portfolio through 2034 has calmed bond markets. Long-dated gilt yields
Pound rebounds as traders bet on Bank of England rate hike
The pound recovered from multi-month lows as rising oil and UK gas prices, plus firmer Bank of England signals, lifted odds of a November ra
India's NIFTY 50 slides 1.6% as oil hits $108 on US-Iran deadlock
India's NIFTY 50 fell 1.6% as Brent crude jumped to $108 a barrel after US-Iran talks stalled. Higher oil prices threaten India's import bil