Over the past 50 years or so, active fundsβ returns have converged toward those of their underlying indexes, research finds. Small-cap funds are the exception.
Oil prices edged higher in Europe, supported by positive signs on U.S. fuel demand and improvements in top crude importer China.and a Reuters report that said OPEC+ might delay its planned output hike.
U.S. stocks fell, with the Nasdaq leading the way down as investors were displeased with earnings of some big-tech companies. The S&P 500 posted its first monthly loss in five months.
U.S. natural gas futures settled lower with market attention on tomorrowβs storage numbers that are expected to show the surplus rising for a second consecutive week.
The London-based bank posted a better-than-expected quarterly net profit and raised its annual operating income guidance, promising more shareholder returns.