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(Bloomberg) -- European stock bulls looking for the region’s equities to close the gap on superior returns in the US next year are set for disappointment.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamThe Stoxx Europe 600 Index will end 2025 at 535 points, Bloomberg’s survey of 20 strategi

Investors in Chinese bonds head for 2025 betting there will be no miraculous recovery in the economy, putting them at odds with an equities market that has wagered on a revival in consumption. Although China's closed capital account diminishes the 33 trillion yuan ($4.6 trillion) market's worth as an economic forecaster, the signal from ten-year bond yields scraping record lows almost daily and long bonds falling below Japanese yields still shows a deep-set negativity about the outlook. "The bonds are basically saying that, yes, there is a (stock market) rally out there, but we don't buy this rally for the long term," said Bhanu Baweja, chief strategist for UBS Investment Bank in London.

(Bloomberg) -- The Federal Reserve Bank of New York’s Michelle Neal has resigned as head of the markets group and member of the executive committee, marking the latest in a string of high-status departures in recent years.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamNeal, who joined the

The U.S. Federal Reserve said on Thursday it had approved an application by Scotiabank to buy up to 14.99% of the voting shares in U.S. regional lender KeyCorp, as the Canadian bank looks to boost its exposure to developed markets. Scotiabank announced the $2.8 billion deal in August, which would also allow it to appoint two directors to the Ohio bank's board. Scotiabank CEO Scott Thomson's move to acquire a stake in the regional lender comes as the bank refocuses on the North American trade corridor as part of its new strategy, while it looks at possibly exiting some unprofitable markets in South America.

Ethereum remained the blockchain with the most devs, and the overall population of software builders in crypto was flat, the VC firm said in its annual survey.

Altcoins as a group outperformed bitcoin, with AVAX and LINK leading sector gains.

(Bloomberg) -- A rally that shot the world’s biggest technology stocks to all-time highs hit pause Thursday as Wall Street held off on big bets ahead of the Federal Reserve’s policy meeting next week. Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamIn afterhours trading, chip supplier Broad