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Global Stocks Rise as China Signals Readiness to Act on Economy

Global stocks rallied Tuesday after Chinese officials signaled their willingness to help shore up the nation’s flagging economy. The Stoxx Europe 600 climbed 0.6% in the opening minutes of trading, with its autos and technology sectors leading the way, rising 1.8% and 1.3%. Both baskets are particularly exposed to Chinese growth. Autos have risen 8% in 2019, outperforming all other sectors in Europe and eroding its 12-month losses to 27%. Gains in Europe followed a resurgence in Asia, where most major indexes increased 1% or more. China’s Shanghai Composite Index ...

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Global Stocks Slump on Signs of Slowing Economic Growth

Global stocks kicked off the week under pressure after worse-than-expected Chinese economic data added to mounting signs of slowing economic growth around the world. The Stoxx Europe 600 fell 0.6% in early morning trade, following a downbeat session across Asian markets. On Wall Street, futures pointed to opening losses of around 0.7% for the S&P 500 and the Dow Jones Industrial Average. Data early on Monday showed that China’s exports and imports both fell in December from a year ago as the impact of U.S. tariffs started to kick in ...

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China stock market inflows could double in 2019 – securities official

The inclusion of Chinese A-shares in global stock indexes could see foreign inflows into China’s stock market double in 2019, the Shanghai Securities News quoted a top Chinese securities regulator as saying on Saturday. “Last year, net foreign stock market inflows reached 300 billion yuan ($44.38 billion) and this year we estimate that inflows will increase further. We could expect 600 billion yuan,” Fang Xinghai, vice chairman of the China Securities Regulatory Commission (CSRC), was quoted as saying at a market forum. It did not say where the forum was ...

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U.S. buyback market support may wane in 2019

Wall Street’s recent volatility has optimists betting that buybacks could provide the market with an even better buffer in 2019. But many strategists see the lift from buybacks – a major factor behind the bull market – losing some force as earnings growth slows while tax policy bonanzas fizzle out. “Companies bought back around 2.8 percent of shares outstanding in 2018. That was a substantial support to the market and bigger than dividends,” said Jack Ablin, chief investment officer at Cresset Wealth Advisors in Chicago. “(In 2019) we expect the ...

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Asia Hedge Funds Lost Big in ’18, But Some Still Pulled in Money

After the Asia hedge-fund industry’s biggest losing year since 2008, investors could be forgiven for thinking the smart money has lost its touch. But there were some regional-focused firms that attracted capital — about one-third of Asia funds saw net inflows in 2018 (and just under 30 percent had positive returns), Eurekahedge data show. Both those figures however are the lowest since at least 2014. Being a former trader with a big-name company helped, as did being one of the few who made money. Others benefited from a shift in ...

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Stocks on Track for Weekly Gains as Growth Fears Ease

European stocks and S&P 500 futures were little changed Friday, keeping major indexes on track for another week of solid gains. The Stoxx Europe 600 edged up 0.1% midday, putting it on course to end the week 1.7% higher. Oil-and-gas companies led Friday’s advance as Brent crude oil rose 0.6% to $62.07 a barrel. S&P 500 futures were flat after five straight sessions of advances and an increase of 2.6% for the index so far this week. In Asia, Hong Kong’s Hang Seng advanced 0.6% and Japan’s Nikkei rose 1% ...

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European shares surf on post-Christmas recovery rally

European shares opened higher on Friday, surfing on a global recovery rally which has lifted stocks from the lows hit just after Christmas thanks to optimism on Sino-U.S. trade talks and a more dovish tone from the Federal Reserve. All main regional bourses and most industrial sectors were in positive territory, after Asian shares hit a 5-week high overnight and Wall Street a fifth straight session of gains. At 0922 GMT, the pan-European STOXX 600 <.STOXX> was up 0.3 percent, reaching levels not seen for a month and on course ...

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Stocks rally splutters as trade talks, data disappoint

A four-day rally in world stocks ran out of steam on Thursday and the dollar touched a near three-month low as mixed signals from U.S.-China trade talks and caution at the Federal Reserve applied the brakes. China said the three days of talks in Beijing had established a “foundation” to resolve differences, but gave virtually no details on key issues at stake. A slew of weak data also dampened the mood. Again in China, factory-gate inflation was the slowest in more than two years, while worse-than-expected industrial figures in France ...

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Global Stocks Drop as Growth Worries Linger

Global stocks dipped Thursday, ending the New Year rally as optimism over a possible easing in U.S.-China trade tensions faded and concerns around growth of the world economy returned. The Stoxx Europe 600 was down 0.7% in morning trading, with all of the regional indexes moving lower. Most Asian markets also posted losses, with China’s Shanghai Composite down 0.4% and Japan’s Nikkei down 1.3%, though Hong Kong’s Hang Seng Index edged up 0.2%. Futures pointed to opening losses of 0.8% for the S&P 500 and 0.7% for the Dow Jones ...

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Back to school, keep an eye on the “5-Day Rule”: McGeever

The holidays are over, New Year resolutions have been made and broken, and traders, investors and money managers are putting their annual investment plans into practice. How will 2019 pan out? No one knows for sure, certainly not this early in proceedings, but there are rules of thumb around the month of January that can offer clues as to what lies ahead. The S&P 500’s so-called “5-Day Rule” holds that if the market rises in the first five trading sessions of the year, it will end the year higher. Broadening ...

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U.S.-China trade hopes lift world stocks, oil soars

World stocks extended their gains to hit a near-four week high and oil prices rose on Wednesday on optimism that the United States and China may be inching towards a trade deal, soothing fears of an all-out trade war. Delegations from China and the U.S. ended talks that had lasted longer than expected in Beijing on Wednesday amid signs of progress on issues including purchases of U.S. farm and energy commodities and increased access to China’s markets. Officials said details would be released soon. MSCI’s all-country index sailed 0.5 percent ...

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World stocks near four-week high on U.S.-China trade optimism, oil climbs

World stocks extend their gains to hit a near-four week high and oil prices rose on Wednesday on optimism that the United States and China may be inching toward a trade deal, soothing fears an all-out trade war could hit a slowing global economy. Delegations from China and the U.S. ended talks that had lasted longer than expected in Beijing on Wednesday amid signs of progress on issues including purchases of U.S. farm and energy commodities and increased access to China’s markets. Officials said details will be released soon. MSCI’s ...

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Stock Traders Seem to Have Overshot to Downside

Is the potential for an economic slowdown priced in to financial assets? There’s been no bigger question in global markets after riskier assets such as stocks melted down in December. Judging by the recent performance MSCI All-Country World Index, the answer seems to be yes. In the U.S., for example, the 19.9 percent plunge in the MSCI USA Index between late September and Christmas Eve left shares trading at their lowest levels since 2013 relative to estimated earnings. Even with the rebound since then, investors are pricing in about a ...

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Stocks stay strong as Europe shrugs off Samsung warning

A solid shift from Europe and high Wall Street futures kept world stocks at a three-week high on Tuesday, after Asia was knocked back by a shock profit warning from tech giant Samsung and a tick-up in borrowing costs. Hopes that Washington and Beijing may be moving towards a trade deal was helping the mood again and also gave the dollar a lift in the currency markets after its shaky start to the year. That rise, along with the alarm from South Korea’s Samsung that it would badly miss its ...

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Funds to cut equity allocations in 2019 – Blackrock survey

Global investors are shoring up portfolios against economic downturn, with plans to cut allocation to publicly listed equities in 2019 in favour of assets such as private equity and real estate, according to the results of a BlackRock survey. Over half the 230 institutions managing $7 trillion (£5.49 trillion) of inevitable assets surveyed by BlackRock plan to decrease allocation to public equities this year, up from 35 percent in 2018, the survey, released on Monday, showed. Global stocks suffered their worst year in over a decade in 2018, with trepidation ...

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