Canada's main stock index inched higher during afternoon trading, while U.S. stock markets were mixed on the final trading day of what has been a difficult month for stock markets.
Morgan Stanley, Barclays Capital Inc. and DRW Securities LLC won dismissal of a lawsuit accusing them and others of manipulating the VIX index in 2018, causing hundreds of millions of dollars in losses to investment funds that bought options contracts tied to the widely watched benchmark.
Federal Reserve Bank of New York President John Williams suggested that the US central bank may be done raising interest rates, though he said policymakers would keep them high for “some time” to bring inflation down to the central bank’s 2% goal.
US stocks and Treasuries trimmed their advances as traders contemplated strikes and the prospect of a government shutdown.
(Bloomberg) -- UBS Group AG plans to end a deal Credit Suisse struck with Apollo Global Management Inc. for the management of assets linked to its securitized products group.
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