Global stocks rose in April, beating bonds, the dollar and commodities for a second month, as gold and copper slumped into bear markets and investors bet equities will benefit from unprecedented economic stimulus.
ICAP Plc brokers and as many as 15 Wall Street banks are being probed by the Commodity Futures Trading Commission for possible manipulation of interest-rate swap prices used as a benchmark in the $379 trillion market.
ICAP Plc’s U.S. interest-rate swap desk, which regulators are investigating as part of a price- manipulation probe, paid its brokers as much as $7 million a year at the market’s peak, earning the group the nickname “Treasure Island,” said two people familiar with the matter.
U.S. and European stocks slid, the euro weakened and commodities declined after data showed an unexpected contraction in German manufacturing and Cyprus’s president worked on a new plan to obtain a European bailout.
A group of U.K. doctors and lawyers called for a full inquest into the death of David Kelly , the government scientist who was the source of a story saying the official dossier justifying the Iraq war had been “sexed up.”
A group of leading U.K. medical experts want a full inquest into the death of David Kelly , a Ministry of Defence scientist named by Tony Blair ’s government as the source of a leak saying the official dossier justifying the Iraq war had been “sexed up,” according to a letter published in the London-based Times today.
U.S. stocks fell, dragging benchmark indexes from five-year highs, as the Federal Reserve said it will maintain its program to buy securities after the economy unexpectedly shrank in the fourth quarter.
Commodities rose, U.S. benchmark stock indexes retreated from five-year highs and Treasuries reversed earlier losses as the Federal Reserve maintained its asset-purchase program after the economy unexpectedly shrank.