The Financial Industry Regulatory Authority is examining whether Wall Street firms overcharge investors on some bond trades and whether they unfairly allocate new corporate debt issues to reward certain clients.
U.S. stocks gained as a recovery in technology shares helped the Nasdaq 100 Index rebound from its worst three-day drop since 2011. Oil, gold and Treasuries rose while the Bloomberg Dollar Spot Index slid to a five-month low.
The euro gained against 12 of its 16 major counterparts as European Central Bank policy makers signaled deflation risks are contained, subduing speculation of a round of bond-buying to boost prices and economic growth.
India’s central bank left its key interest rate unchanged as consumer-price inflation eased to a two-year low and the rupee strengthened, increasing scope to support growth ahead of national elections starting this month.