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Asia’s billionaires develop taste for boutique wealth managers

Growing demand by Asia’s rich for independent advisory services and access to a wide variety of investment products is spurring the surge of boutique wealth managers more associated with the established wealth hubs of Switzerland and London. The boutiques, or so-called external asset managers (EAMs), mainly tap small-and-mid-level business owners and executives, who are typically out of reach for private banks, by leveraging their locally based advisers’ contacts and family ties. As a result, more and more private banks are also leaning on boutique managers to boost their assets in ...

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Stocks Edge Higher in Wake of European Elections

Global stocks gained Monday after voters in European parliamentary elections showed broad but more fragmented support for pro-EU parties, while populist factions gained less ground than expected. In Europe, the pan-continental Stoxx Europe 600 rose 0.3%. The euro was slightly higher against the dollar at $1.12 and German government bond yields, considered the benchmark in the region, were down slightly at negative 0.13%. In Asia, markets were mixed, as President Trump talked trade with Prime Minister Shinzo Abe on his visit to Japan. The Shanghai Composite closed 1.4% higher, while ...

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Asia shares come off four-month low, euro steady after fragmented EU vote

Asia stocks inched up but remained near four-month lows on Monday amid concerns about U.S.-China tensions while the euro stayed in a narrow range after the weekend’s European Parliament elections. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2 percent, off a four-month low touched on Friday, with market holidays in the U.S. and U.K. denting trading volumes. European shares were expected to open modestly higher, with futures for Eurex EURO STOXX 50 index and Germany’s DAX ticking up 0.4 and 0.3 percent, respectively. Casting a shadow over many ...

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Trade and the economy have become the new roller coaster for markets

Trade headlines could be a big factor for markets in the week ahead, but investors will also be attuned to fresh inflation data and moves in the bond market, which is flashing new worries about the economy. Stocks were on a roller-coaster ride in the past week, as markets reacted to worsening trade tensions and concerns that negotiations could be prolonged, causing pain for the global economy. But the bond market’s move was perhaps even more dramatic, as yields fell to levels last seen in 2017, and the futures market ...

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First net inflows into global equities in 10 weeks – BAML

Investors have added to their global equity holdings for the first time in 2-1/2 months and continued to pile into bonds, Bank of America Merrill Lynch said on Friday, as worries about the U.S.-China trade spat sent shudders through financial markets. The net inflow into equities totalled $900 million (£709 million) in the week to Wednesday, the first in 10 weeks, the bank said, citing EPFR data. That is eclipsed by the $135 billion that has left stocks year to date. Some $3.9 billion left emerging market equities, the biggest ...

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Even With Trade War, Asia Bond Investors Sleep Better at Night

Bond investors are keeping their faith in Asia, a region they view as being relatively stable even as an escalation in the trade war threatens to dent global growth. Asian policy makers have more capacity to support the region’s economies, with inflation running below targets meaning that central banks can cut interest rates if needed, according to Aberdeen Standard Investments. Opportunities can be found in countries such as China and Papua New Guinea, where reforms to open up their markets to foreign investors are taking place, NN Investment Partners said. ...

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Global stocks climb on muted trade hopes, sterling yo-yos as PM May quits

World stocks edged higher on Friday and oil prices bounced after comments by President Donald Trump encouraged hopes of progress in U.S.-China trade talks while British Prime Minister Theresa May’s resignation briefly sent sterling fluctuating wildly. Persisting concerns over the health of the world economy linked to trade tensions have hit global markets this week, with the MSCI All Country index in line for a more than 1% fall in its third week in the red. That will mark its longest losing streak since a rout in December. The index ...

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As the US-China trade war escalates, stock markets have been shaken but not stirred

How concerned are financial markets about the renewed escalation of the trade war? A cursory glance at some of the key gauges of market performance suggests that US President Donald Trump’s impulsive decision on May 6 to threaten to raise tariffs on all Chinese imports to 25 per cent, followed by the White House’s two-pronged attack on China’s Huawei Technologies – curbing its access to America’s market and placing the firm on a banned entity list – has rattled investors. Since May 3, the MSCI Emerging Markets equity index has ...

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Global stocks, oil edge higher on muted trade optimism

World stocks edged higher on Friday and oil prices recovered from bruising falls, after U.S. President Donald Trump nurtured muted hopes of progress in U.S.-China talks while concerns over trade and the health of the world economy persisted. Trade tensions have roiled global markets this week with the MSCI All Country index up 0.2% on the day but in line for a more than 1% fall in its third week in the red, their longest losing streak since a rout in December. In overnight comments, Trump also labelled Chinese telecommunications ...

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Global Stocks Fall Amid Political and Trade Tensions

Stocks on Wall Street were set to slide Thursday and 10-year U.S. government bond yields reached a 52-week low as disappointing economic data and worries over a protracted U.S.-China trade dispute added to a gloomy outlook for global growth. Futures pointed to declines of 1% for the Dow Jones Industrial Average and S&P 500 and 1.5% for the Nasdaq-100. In Europe, the Stoxx Europe 600 dropped 1.3% by midday, with all sectors of the pan-continental index falling into the red. Losses were heaviest for automotive and technology stocks which bear ...

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Trade woes sink shares, Brexit weighs on sterling

World shares made it four days in the red in the last five on Thursday as concerns grew that the China-U.S. trade conflict was fast turning into a technology cold war between the world’s two largest economies. Asian stocks caved to a four-month low as the rhetoric between Beijing and Washington remained fierce while Europe’s bourses also fell as Brexit worries and gloomy data from Germany and the euro zone added to the nerves. U.S. stock futures also pointed to a weak start with the S&P 500 e-minis faltering 0.5%. ...

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Investors run for safety amid threat of broader U.S.-China spat

Global stocks were slightly lower on Wednesday as investors sought safety in bonds, the Japanese yen and Swiss franc in muted trade amid renewed worries over the U.S.-China spat after reports Washington has another Chinese tech firm in its sights. Relief over Washington’s temporary relaxation of curbs against China’s Huawei Technologies evaporated after reports that the White House is considering further sanctions on Chinese video surveillance firm Hikvision. Fears of another blacklisting reinforced worries that U.S. President Donald Trump is looking beyond sealing a trade deal with China to a ...

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Global Stocks Waver After Retail Sales Decline

Global stocks paused on Wednesday after disappointing sales data from U.S. retailers on Tuesday and as trade tensions between the U.S. and China continued to overhang market activity. The Stoxx Europe 600 was nearly unchanged in early trade, with the U.K’s FTSE 100 up 0.4% and Germany’s DAX flat at the open. Asian indexes were mixed, with the Hong Kong Hang Seng and Korea’s Kospi both trading 0.2% higher while China’s Shanghai Stock Exchange dropped 0.6%. London-listed retailer Marks & Spencer Group was the biggest loser on the FTSE 100, ...

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Global dividends hit record in first quarter as companies shake off macro worries

Companies around the world paid out a record amount of dividends in the first quarter, data showed on Monday, as they shrugged off worries about slowing economic and earnings growth. Global dividends rose 7.8% in the first quarter to $263.3 billion(206.90 billion pounds), matching last year’s growth and pushing the Janus Henderson global dividend index to an all-time high, according to a report by the asset manager on Monday. The data shows the growing optimism of companies and helps explain equities’ continued appeal in the face of global trade tensions ...

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EUROPE MARKETS: European Markets Stage Rebound After Monday Malaise

Europe markets bounced after Monday’s selloff but for the most part, they didn’t erase the day’s losses. How did markets perform? The Stoxx 600 moved up 0.4% to 378.9, retracing some of Monday’s 1.1% loss. The U.K.’s FTSE 100 is higher at 7,767.2, rising 0.8% to more than wipe out Monday’s 0.5% decline. The pound was hit harder, shrinking 0.3% to $1.2685, a four-month low. Italy’s FTSE MIB recaptured part of its 2.7% plunge Monday, increasing 0.7% to 20,680.7 on Tuesday. In Germany, the DAX (DAX) edged up 0.2% to ...

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