Global bond funds faced their first weekly outflow in seven months in the week to Oct. 13, due to worries that higher inflation levels would prompt central banks to roll back their crisis-era support sooner than expected. According to data from Lipper, investors sold a net $2.3 billion in global bond funds, marking their first weekly net selling since March 10. The two-year Treasury yield, which typically moves in step with interest rate expectations, surged to a 1-1/2 year high of 0.394% this week, after data showed that consumer prices ...

Chinese growth and corporate earnings in the United States and Europe, including results from the big-hitting FAANGs, will give markets plenty to digest in the week ahead, while Turkey’s central bank is set to meet after another midnight reshuffle. And for many, the big question: Is Christmas cancelled? 1/CHARTING CHINA From an Evergrande-induced property market crisis to power shortages halting production lines supplying Apple and Tesla, the world’s no. 2 economy has plenty to worry about. A good gauge of the fallout comes with Monday’s Q3 GDP figures and other ...

Asian shares edged up on Friday, building on Wall Street’s positive lead after a set of strong U.S. corporate earnings, although worries about the Chinese economy capped gains. Oil prices were at multi-year highs, a drag on growth in energy-importing markets in north Asia, but good news for some energy-exporting markets in Southeast Asia. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS gained 1.07%, and was set for a 1.7% weekly gain, which would be its best weekly performance since early September, while Japan’s Nikkei .225 surged 1.81%, led ...

World stock markets rose and longer-dated bonds rallied on Thursday as investors reckoned rising inflation would bring forward rate hikes around the world. The dollar eased further from the 2021 highs it scaled earlier in the week. Europe’s STOXX 600 index .STOXX climbed to its highest point of the month as it opened up 0.6%. London’s FTSE .FTSE and the DAX .GDAXI and CAC40 .FCHI in Frankfurt and Paris were all going nicely, and Wall Street futures added 0.5% too ESc1. MSCI’s index of Asian shares outside Japan .MIAPJ0000PUS gained ...

World stocks steadied around the week’s lows with the mood dampened by inflation worries ahead of U.S. consumer price data later on Wednesday, with economic recovery in many countries keeping oil prices near multi-year highs. September U.S. CPI is forecast to show a monthly gain of 0.3%, according to a Reuters poll. Minutes of the U.S. Federal Reserve’s September policy meeting are also due later, while JPMorgan will be the first major bank to report at the unofficial start of the company earnings season. “The markets are at a crossroads,” ...

A selloff in global stocks extended into Tuesday on signs that soaring energy prices had put a dampener on economic growth, while inflation and policy-tightening fears sent short-dated U.S. Treasury yields to 18-month highs. Oil prices rose further, with Brent crude at almost $89 a barrel LCOc1. Coal has scaled record peaks and, while gas prices are off recent highs, they remain four times higher in Europe than at the start of the year. The impact of supply crunches in power and manufacturing components is showing up in data — ...

Asian shares dropped and Treasury yields held firm on Tuesday, as a global energy crunch fuelled inflation fears and concerns about Evergrande’s debt problems intensified, clouding investor sentiment before the U.S. corporate earnings season. China Evergrande Group 3333.HK on Tuesday missed its third round of bond coupon payments in three weeks, intensifying market fears over contagion involving other property developers as a wall of debt payment obligations come due in the near-term. Evergrande’s debt troubles have sent shockwaves across global markets in recent months. European markets appeared set for a ...

The intense Washington-Beijing tariff war of 2018 has been put on ice since Donald Trump vacated the White House, but investors are wary of how markets reacted to the original escalation as Sino-U.S. trade relations return to the agenda this week. The trade standoff between the two countries during Trump’s presidency saw significant financial market dislocation that year, including one of Wall Street’s worst quarters in decades, a sustained dollar rally, and a historic fall in the Chinese yuan. The current economic, political and market environment, of course, is different ...

World shares edged higher on Monday courtesy of gains in China, while rising Treasury yields lifted the dollar to a near three-year peak against the Japanese yen. Brent oil prices extended their bull run to reach ground last visited in late 2018, with gains across the energy complex stoking inflation concerns. “Higher energy prices, shortages will inevitably make their way through global value chains in the form of rising prices and potentially shortages of industrial and consumer goods,” said OANDA analyst Jeffrey Halley. “All of this makes the constant blathering ...

U.S. equities eked out modest gains for the past week as investors looked to updates on the debt ceiling standoff in Washington, while digesting a slew of key economic readings. For the week ending Friday, the Dow rose 1.2 percent, while the S&P 500 and the tech-heavy Nasdaq Composite climbed 0.8 percent and 0.1 percent, respectively. The S&P U.S. Listed China 50 index, which is designed to track the performance of the 50 largest Chinese companies listed on U.S. exchanges by total market cap, notched a weekly jump of 6.6 ...

Inflation angst and soaring energy prices form the backdrop to the start of third-quarter U.S. earnings season in the coming week. Annual meetings of the World Bank and International Monetary Fund (IMF) kick off too from Monday, but the event is overshadowed by a data-rigging scandal that threatens the career of IMF boss Kristalina Georgieva. Here are the five stories likely to dominate markets in the coming week: 1/ EARNINGS, NON-STOP Some of the world’s biggest banks kick off U.S. earnings, just as investors fret https://www.reuters.com/business/buying-dip-not-so-fast-some-wall-st-banks-say-2021-10-06 over inflation, surging energy ...

Scooping up stocks after pullbacks has been a winning bet for investors over the past decade but some Wall Street strategists are pointing to a multitude of risks that could come with jumping into equities after their latest tumble. The S&P 500 has notched 25 total pullbacks of at least 5% since the start of 2012, according to Ryan Detrick, chief market strategist at LPL Financial (NASDAQ:LPLA). Over that time, the index has gained more than 240%, bolstering the case for investors willing to step in during episodes of weakness. ...

Global money market funds saw huge inflows in the week to Oct. 6, as investors favoured safety amid concerns over higher inflation, supply shortages and distress in the China property sector. According to data from Lipper, investors purchased a net $13.95 billion in global money market funds in the week, compared with net selling of $21.85 billion in the previous week. Oil prices touched multi-year highs this week, stoking concerns that inflation levels will rise further, which could prompt major central banks to hike interest rates earlier than expected. Global ...

Asian shares held onto gains on Friday, and were set to snap a four week streak of weekly losses as Chinese markets came back a bit more positive after a long holiday, encouraged by a survey showing services sector activity improving. In the bond market, the U.S. Senate’s approval legislation to temporarily raise the federal government’s debt limit sparked a sell-off which saw U.S. Treasuries benchmark yields rise to their highest since June ahead of key jobs data. Japan’s Nikkei index .N225 advanced 1.8%, and MSCI’s broadest index of Asia-Pacific ...

World stock markets got their foot back on the gas on Thursday as hopes grew that Washington could resolve its debt-ceiling squabbles and a global drop in energy prices tempered deepening fears of “stagflation”. Europe’s bourses rallied off 2-1/2-month lows as easing oil and gas prices offered relief after a shock 4% drop in German industrial production, which highlighted the toxic “stagflation” risk of runaway inflation and moribund growth. The pan-European STOXX 600 index rose 1.1% in broad-based buying to reverse weekly losses, with miners, utilities and carmakers all driving ...