BlackRock 'overweights' Treasuries, Emerging Markets Stocks

BlackRock ‘overweights’ Treasuries, Emerging Markets Stocks

(Reuters) -BlackRock Investment Institute raised U.S. short-term government bonds as well as Chinese and other emerging market stocks to “overweight” on Tuesday, saying investors were realizing that the U.S. Federal Reserve may have to become more aggressive in its campaign to subdue inflation. Macroeconomic data in recent weeks has pointed to a resilient economy with…

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Marketmind: Boomtime Stats

Marketmind: Boomtime Stats

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. U.S. economic activity indicators on Tuesday accelerated the relentless march higher in U.S. interest rate expectations and confirmed that, for financial markets at least, good news is most definitely bad news. Wall Street and world stocks had their…

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Walmart Gets Cautious On Economic Outlook, Sees Lower 2023 Performance

Walmart Gets Cautious On Economic Outlook, Sees Lower 2023 Performance

By Siddharth Cavale (Reuters) -Walmart Inc struck a cautious note in its economic outlook for 2023 on Tuesday as the retail bellwether forecast full-year earnings below estimates and warned that cautious spending by consumers could pressure profit margins. Shares of the world’s largest retailer rose 0.5%. The company continues to battle price-hikes from many of…

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