Key Talking Points: GBP/USD attempt to recover above 1.39 as momentum builds The spread of the Delta variant increases the average cases in the UK Brexit and political drama fail to scare away investors GBP/USD is attempting to stage a rebound heading into the new week. It has beenRead More →
(Bloomberg) — The sell-off in stocks accelerated as bonds surged on concern the spread of the coronavirus will slam global economic growth. The erased its 2020 advance as investors remained on edge over the impact of the disease that’s now infected about 10,000 people around the world. Caterpillar Inc (NYSE:).Read More →
‘We suspect the first correction since October has begun…but will be contained to 5% or less for the S&P 500 as liquidity remains flush…’ Michael Wilson Michael Wilson, Morgan Stanley’s chief U.S. equity strategist, says the first major stock market pullback since October may be under way. The strategist, inRead More →
Around this time a year ago, Seema Shah, chief strategist at Principal Global Investors, warned that stocks were facing an imminent selloff. Her call proved spot on as 2018 closed with the worst December Dow DJIA, +0.15% and S&P 500 SPX, +0.42% performances since 1931. Fast forward and the S&PRead More →
Reports of a potential delay in a partial trade pact between China and the U.S. is bringing back shades of the ugly stock-market downturn in May for some investors. However, market participants interviewed by MarketWatch on Wednesday were still holding out hope that President Donald Trump will strike a partialRead More →
© Reuters. ‘Century Bonds’ Take on New Meaning as Argentine Rout Deepens (Bloomberg) — Such is the sell-off in Argentina’s assets that it now has the world’s cheapest Eurobonds –and local yields headed for 100%. The government’s average dollar yields climbed to 27% on Wednesday from 11% last week, accordingRead More →
© Reuters. The German share price index DAX graph at the stock exchange in Frankfurt By Helen Reid LONDON (Reuters) – Defensive equity strategies focused on high payouts and steady earnings have gained in popularity this year as investors flock to safety, worried the biggest stock market rally in decadesRead More →
Gold traded at roughly one-week peak Wednesday as jitters around China-U.S. trade negotiations continued to nag markets perceived as riskier this week, sending investors into havens that include precious metals and the Japanese yen. “Gold is once again challenging resistance between $1,289 and $1,292 an ounce,” said Ole Hansen, headRead More →
© Reuters. German drug and crop chemical maker Bayer holds annual general meeting By Ludwig Burger BONN (Reuters) – Bayer (DE:) shareholders on Friday cast a vote of disapproval of the German drugmaker’s top management amid anger over a stock price slump as litigation risks mount from the $63 billionRead More →
