Treasury market volatility declined to a 10-month low as investors tried to discern how much winter weather is responsible for slowing the economy.
Insurance companies will urge U.S. lawmakers today to stop the Federal Reserve from imposing bank- like capital standards on their industry.
Gold climbed as investors weighed the prospect of reduced stimulus in the U.S. against escalating tension in Ukraine. Holdings in the biggest exchange-traded product expanded to the highest this year.
South Korea’s won fluctuated between gains and losses as investors refrained from taking positions before the Federal Reserve’s policy meeting next week.
Wall Street’s biggest firms are close to agreeing on a plan that would safeguard the financial markets from the crippling fire sales that engulfed Lehman Brothers Holdings Inc. and Bear Stearns Cos.
Treasury three-year notes yielded the most since September in pre-auction trading before the U.S. sells $30 billion of the securities as investors bet the economic expansion is gaining traction.
The yen gained versus 10 of its 16 major peers as appetite for riskier assets cooled after China reported the biggest trade deficit in two years and the slowest rise in consumer prices in 13 months.
U.S. stocks declined with emerging- market equities while base metals drove commodities lower as an unexpected drop in Chinese exports fueled concern that growth in the world’s second-largest economy is moderating.
Todd T. Westhus is poised to join George Soros and John Paulson with an unlikely wager.
The American equity rally that just turned five years old is starting to match the 1990s Internet bubble when it comes to its speed.
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