The dollar extended its streak of declines to the longest since April before reports this week forecast to show orders for durable goods declined and a smaller gain in new home sales in the world’s largest economy.
Several of China’s largest bitcoin exchanges pulled out of a planned global conference in Beijing this coming weekend after the central bank signaled further curbs on speculative trading of the virtual currency.
Pakistan’s benchmark stock index rose, set for a five-week high, after the Securities and Exchange Commission said it will evaluate a plan tomorrow for investors to trade shares using money borrowed from brokers.
China’s securities watchdog is forging ahead with rules that allow brokers to invest in complex financial products and enter risky new businesses even after an unprecedented $3.8 billion trading error roiled markets.
Pakistan’s benchmark stock index rose, on course for its highest in almost eight weeks, after the regulator agreed to allow investors to fund transactions with money borrowed from brokers and financial institutions.
Haitong Securities Co. led a rally for brokerages in Shanghai on improved earnings prospects for the industry after the government said it would allow more stocks to be used for margin trading and short selling.