Bank Rossii poured dollars into the currency market, with traders estimating sales of about $10 billion, and raised interest rates after the threat of Western sanctions against Russia sent the ruble to a record low.
Banks sold the most U.S. structured notes tied to Japanese stocks for any January since at least 2010 after unprecedented central bank stimulus contributed to soaring indexes and the yen’s slide against the dollar.
The Standard & Poor’s 500 Index’s first back-to-back gain since April produced a buy signal in a trend measure, suggesting the biggest retreat since the bull market began may be over, according to Auerbach Grayson & Co.
NQ Mobile Inc., the Chinese mobile- services provider that sank 62 percent in the three days after Muddy Waters LLC said it inflated sales, plunged in New York as Piper Jaffray Cos. suspended its rating on the stock.
Qunar Cayman Islands Ltd. and 58.Com Inc. jumped after selling shares above their price targets, a signal that appetite for Chinese companies remains unshaken by Muddy Waters LLC’s fraud allegations against NQ Mobile Inc.
Chinese equities jumped the most in two months in New York as Sina Corp. soared on a report e- commerce giant Alibaba Group Holding Ltd. will buy as much as 20 percent of the Internet company’s Twitter-like Weibo service.