China’s Steps to Cool Bond Rally Sap Demand for Wealth Products
Inflows into wealth-management products slid 90% in August State banks seen selling long-dated debt to cool rally Signs that Chinese officials are pushing back on the record-breaking bond rally are deterring at least one group of investors that have been a key driver...
Brazil’s Economic Activity Posts First Monthly Drop Since March
Central bank seen lifting rates by quarter-point next week Economic activity fell 0.4% on month in July; est. was -0.7% Brazil’s economic activity fell less than expected in July, snapping a series of gains as central bankers are expected to mull the start of a cycle...
An 86-Year-Old Investor Warns Peers on Value-Stock Betrayal
Jim Cullen stays disciplined while peers chase growth trades Money manager has endured market cycles over six-decade career Jim Cullen knows the urge. Embattled cheap-stock managers sense their careers are under siege, ignore their mandate — and grab a few expensive...
China Bond Yields Sink to Record Low With Intervention in Focus
State banks were seen selling long-dated bonds to cool rally Inflows into bonds will continue given weak economy: analyst China’s bond traders defied signs of intervention to push sovereign yields to a record low, setting the stage for a showdown with authorities...
China’s Deflation Means It’s Now or Never for Saving the Economy
Hi, I’m Philip Glamann in Beijing. Worries about falling prices and the threat they pose to the world’s second biggest economy are reaching a crescendo. Specifically, people are concerned that if the Chinese government doesn’t act quickly to address deflation, the...
Leveraged ETFs With Record $117 Billion Blamed for Volatility
Such funds may be exerting a bigger influence on broad market Rebalancing flows have grown bigger as volatility returns After weeks of stomach-churning volatility, Wall Street pundits are blaming a burgeoning leveraged investment strategy for exacerbating stock-market...
Trump Tariff Threat Bodes Badly for Stocks, Lazard Strategist Says
Ron Temple says tariffs could rekindle threat of stagflation Recommends defensive plays, staples, infrastructure stocks Donald Trump’s plans to impose sweeping tariffs on foreign-produced goods are likely to reignite the risk of high inflation and low US economic...
China’s Attempt to Boost Demand Is Stifled by Wall of Austerity
Beijing shifts emphasis from infrastructure with consumer aid But local officials are tightening belts due to budget crunch Finance chiefs in Beijing are testing new ways to boost the economy by encouraging demand, breaking with long-established practice as threats to...
China Detains Investment Bankers, Takes Passports in Corruption Sweep
State-owned brokers have made staff hand in travel documents Regulators are scrutinizing IPOs, capital raising activities China is turning up the heat on its army of 8,700 investment bankers. After being forced to take big pay cuts and adhere to other belt-tightening...
RBNZ Seen Cutting Rates Further, Faster Than It Currently Forecasts
Investors bet on more aggressive easing as economy stalls Some economists say cash rate must fall below neutral level New Zealand’s central bank will cut interest rates further and faster than it says it will as the economy contracts and inflation slows, according to...
VW Chairman Says EU Must Do More to Help Ailing Car Industry
Carmaker is mulling first-ever German factory closures VW’s Pötsch sees talks with unions lasting to end-2024 Volkswagen AG Chairman Hans Dieter Pötsch urged the European Union to alter its emissions targets and provide clarity to the car industry as the automaker...
Oil Steadies While US Stockpile Gain Adds to Oversupply Worries
Benchmark Brent has collapsed by about a fifth this quarter API reports US crude, gasoline inventories fell last week Oil steadied after a plunge to the lowest prices in more than a year, while an unexpected increase in US crude stockpiles added to concerns about an...
Morgan Stanley’s Mike Wilson Says the AI Theme Is ‘Overcooked’
Technology’s transformative potential is not short-term story Traders hunker down in defensives as they seek new growth idea The artificial intelligence boom that powered the S&P 500 Index to record highs earlier this year is fizzling out, so the stock market...
US Online Grocery Prices Plunge the Most on Record in August
US consumers may finally be getting some relief from their grocery bills — especially if they shop for food online. Data by Adobe Inc. shows that online grocery prices fell 3.7% in August from a month earlier, the largest decline since the firm began tracking the...
