(Reuters) – Futures for Canada’s commodity-heavy stock index rose on Friday, as a rise in gold prices and hopes of a pause in monetary tightening aided investor sentiment. March futures on the S&P/TSX index were up 0.3% at 7:12 a.m. ET. The Toronto Stock Exchange’s S&P/TSX composite index closed at its highest in nearly two…
By Mehnaz Yasmin (Reuters) – The reward for holding U.S. stocks over Treasury bonds has not been this unattractive since 2004, possibly setting the stage for the sought-after 60/40 portfolio diversification to make a comeback after one of its worst years on record. A 60/40 portfolio, which typically has 60% of its holdings in stocks…
A look at the day ahead in U.S. and global markets from Mike Dolan There was a sense of hesitation in world markets on Friday about whether dramatic re-pricing of U.S. and European interest rate horizon over the past month was an overreaction and a New Year economic burst might prove to be a temporary…
By Elizabeth Howcroft LONDON (Reuters) – European stocks rose in early trading on Friday, as investor risk appetite was boosted by signs of an economic recovery in China, even after expectations for European Central Bank rate hikes kept government bond yields at their highest in years. Investors are trying to gauge the path for Federal…
By Laurie Chen BEIJING (Reuters) – Tencent Holdings founder Pony Ma and others from China’s crackdown-hit internet sector will be absent from this year’s parliamentary sessions, as Beijing boosts representation from the tech hardware sector, delegate lists show. Nearly 3,000 members of the National People’s Congress (NPC) will gather in Beijing on Sunday for its…
HAMBURG (Reuters) – Volkswagen is still hashing out where to build its first large battery cell factory outside Europe, a spokesperson for the company said on Friday. “We are still working hard to find a suitable location for our first gigafactory in North America and are in good, constructive talks,” the spokesperson said, adding no…
By Jessie Pang and Joyce Zhou (Reuters) -Hong Kong’s Greater Bay Airlines (GBA) announced on Friday an order for 15 Boeing 737-9 airplanes, according to a company statement, with these planes to be gradually added to GBA’s fleet between 2024 and 2027. The statement was issued ahead of a signing ceremony in Hong Kong between…
By Sudip Kar-Gupta PARIS (Reuters) -Wall Street bank Morgan Stanley on Friday raised its forecast for the European Central Bank’s (ECB) so-called terminal rate – the level to which it believes the ECB’s key interest rate will rise – to 4% as inflationary pressures weigh on the euro zone. “Following material revisions to our inflation…
By Davide Barbuscia NEW YORK (Reuters) – U.S. firm Capital Group, one of the world’s largest investment management companies which manages about $2.2 trillion in equity and fixed income assets, said the beating that markets took last year made it more bullish on long-term stock and bond returns. “After a tumultuous year that saw double-digit…
By Sudarshan Varadhan and Muyu Xu SINGAPORE (Reuters) -Oil prices fell on Friday, but were poised for a weekly gain as renewed optimism on China’s demand recovery over-rode recession worries brought by growing crude inventories in the U.S. and tightening monetary policy in Europe. Brent crude futures fell 31 cents, or 0.4%, to $84.44 a…
