Technical analyst Chad Shoop, CMT, predicts gains of up to 40% for Apple, as its chart is forming a classic wedge pattern. The downward sloping resistance line and upward sloping support line on its chart, which makes the wedge shape, indicates a major breakout is likely as the two lines converge, Shoop writes.

Banks have already moved some 1,000 positions from the UK to continental Europe ahead of Brexit but that represents only 15% of all planned relocations, according to a tracker by EY. While the industry has been hesitant over the past quarter to move staff, firms will likely be ramping up their contingency preparations over the summer, EY said

EU states will offer a multimillion-euro credit line to help businesses circumvent US sanctions on Iran and trade with the country. The credit line is a last-ditch effort to save a 2015 nuclear deal between Iran and several world powers.

Regulations need to be changed to address funds that invest in illiquid assets and offer investors immediate access to money, Bank of England Governor Mark Carney says.

The US and China have reached a truce in their trade row ahead of a meeting between the nations' presidents at a Group of 20 summit, sources say. The US reportedly will hold off on tariffs on $300 billion in Chinese imports.

The rate Chinese banks charge to make overnight loans to one another has declined to 0.99%, the lowest figure in a decade. The People's Bank of China has been injecting liquidity into the financial system since the government's takeover of Baoshang Bank alarmed markets.

Technical analyst Chris Kimble writes that the Dow Jones Transportation Index is a key indicator for the broader economy and transportation is "an important industry to watch for investors." The index's chart appears to be forming a head-and-shoulders pattern and a fall below support could be a warning sign, he writes.

The US government has loaned more than $1 trillion irresponsibly since taking over student lending in 2010, JPMorgan Chase CEO Jamie Dimon says, and the situation has become "a disgrace" that hurts the country. "You've got to stop the creation of bad debt," he says.

Bitcoin has soared to a 17-month high in the past seven days and technical analyst Alex Kruger notes that trading volumes on Wednesday reached their highest hourly level in the history of the Bitmex trading platform. However, he adds that such high volumes after an extended upturn could indicate a top has been reached.

The Financial Stability Board has called on the Group of 20, particularly the EU, to bring bank regulation into greater compliance with global standards. European banks oppose global standards that automatically designate unrated borrowers as a higher risk than investment-grade borrowers.