Fed withdraws from repo market after 10 months

The US Federal Reserve’s unprecedented 10-month intervention in short-term borrowing markets has been wound down, after the central bank successfully tamed volatile funding costs that had threatened to cause disruption across the financial system.  The volume of the Fed’s operations in the repo market, where investors swap high-quality collateral like US Treasuries for cash, fell […]

The bull market is back for Chinese stocks

The Shanghai Composite (SHCOMP) led markets in the region and closed up 5.7%, its best single-day percentage gain since July 2015. It’s now more than 20% above recent lows from late March — the traditional benchmark for a bull market. The Hang Seng (HSI) closed...