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.
Ion Trading Technologies Ltd., a provider of trading software, and broker-dealer LPL Financial Holdings Inc. led companies seeking loans, while Invesco Ltd.’s exchange-traded fund reported its biggest trade of the year.
U.S. stocks snapped a five-day streak of gains, commodities fell and the dollar slid as data showed the American economy grew less than forecast. Treasuries rose, pushing 10-year yields down the most in two weeks.
The top lawyer at the U.S. regulator of national banks left a consulting job where she was paid $1.2 million and advised some of the biggest firms now overseen by her agency, her financial disclosures show.
King & Spalding LLP recruited Australian arbitration and construction lawyer Peter Megens as a partner in the Singapore office starting in July. Megens was at King & Wood Mallesons in Melbourne, where he was co-head of the firm’s arbitration practice and a senior member of its construction team.