Plus: what’s the point of stablecoins?
In the US they signal optimism while I’m loving a weaker pound
From borrowers to sorrowers
Investors to Beijing: C-, must do better
Debt market flare-ups show growing pushback against governments’ loose fiscal policies
Nobody knows nothing
Investors piled into fixed income in bet on falling interest rates
Wall Street stocks steady after heaviest sell-off since August
Some fear that Fed’s quantitative tightening programme could trigger liquidity crunch similar to 2019
And China’s monetary policy stance
Decisions by the world’s biggest active bond fund manager have potential to trigger valuation changes across markets
US bond yields drop as hedge fund manager nominated for top economic position
FT journalists responded to readers’ queries on how the global economy might change under the incoming president
Markets look through near-term loosening to medium-term picture for inflation and growth
Trump election win helps drive up so-called break-evens
S&P 500 breaks through 6,000 for first time
Analysts and investors warn tension between different aspects of president-elect’s policy add to risks of a reversal
Dollar rallies in its best day in 2 years as ‘Trump trades’ sweep through global markets
Japan’s yen and Mexico’s peso fall as jittery investors await election outcome
Disappointing Microsoft earnings prompt biggest one-day drop for US equities since early September
How fiscal excess strengthens the currency
Speculative hedge funds are placing bets but other investors have been more cautious
The outcome of the presidential election could yet cause a crisis of confidence
Volatility returns ahead of US election as government debt is hit by stronger economic data
Plus more on Pfizer
