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Investors are returning to emerging markets, hoping to find bargains after one of the worst selloffs in years. Flows into developing countries’ stocks and bonds surged in November to $33.9 billion, their highest level since January, data from the Institute of International Finance showed. After years of double-digit returns, emerging markets have been slammed in 2018 by a host of concerns, from a stubbornly strong dollar to a trade conflict between the U.S. and China.
U.S. government bond prices climbed Friday after data showing strong wage growth and low unemployment failed to assuage investor concerns about trade tensions and slowing growth. Yields, which fall when bond prices rise, slipped throughout the afternoon Friday as stocks tumbled, pushing investors to the safety of U.S. government debt. The move reversed an early climb that accelerated after the Labor Department said that U.S. employers slowed their pace of hiring in November, adding 155,000 jobs—below the 198,000 predicted by economists surveyed by The Wall Street Journal.
Wall Street capped a turbulent week of trading Friday with the biggest weekly loss since March as traders fret over rising trade tensions between Washington and Beijing and signals of slower economic growth.
Worries that the testy U.S.-China trade dispute and higher interest rates will slow the economy have made investors uneasy, leading to volatile swings in the market from one day to the next. On Monday, news that the U.S. and China had agreed to a 90-day truce in their escalating trade conflict drove stocks sharply higher, adding to strong gains the week before. The next day, as doubts mounted over the likelihood of a swift resolution to the trade dispute, stocks sank.
Shares rebounded in Europe and Asia on Friday as worries over U.S.-China trade friction were calmed by conciliatory comments from Beijing. Attention was turning toward upcoming U.S. jobs data. KEEPING ...
Stocks surged in the late afternoon after The Wall Street Journal reported that Federal Reserve officials were considering stepping back from their predictable pace of quarterly interest-rate increases, reassuring investors who worried the central bank was on an overly aggressive path. An imbalance of buyers and sellers disrupted trading among bonds and other assets early in the session, traders said, spurring larger-than-average price fluctuations. The diminished liquidity is making it harder to buy and sell stocks, bonds and oil futures and exacerbating swings in the year’s final weeks, when markets are typically more subdued.
US stock futures pointed lower on Friday ahead of monthly data on the health of the labour market. The US Labor Department’s report on the pace of hiring in November will be the latest indicator for the nation’s economy. It comes less than two weeks before the Federal Reserve is expected to boost interest rates for the fourth time this year at its December policy meeting.
U.S. stocks clawed most of their way back from a deep slide Thursday that at one point had wiped out the market's gains for the year.
The S&P 500’s 50-day moving average hasn’t fallen below its 200-day since April 22, 2016, says Dow Jones Market Data
Asian stock prices skidded Thursday following the arrest of a senior official at Chinese telecoms equipment maker Huawei that could derail progress in China-U.S. trade talks. KEEPING SCORE: Hong Kong's ...
The volatility sweeping financial markets this week underscores investors’ growing unease about the durability of the nearly decadelong bull market, even as most economists see little risk of near-term recession. There is, overall, “a lot of tension in the air,” said Wen Lu, a U.S. rates strategist at TD Securities in New York.
A weekslong rally in government bonds has pushed the yield on the benchmark 10-year Treasury note below 3% for the first time since September, signaling some investors are increasingly worried about the pace of U.S. growth. This year’s climb in the 10-year yield—which helps set borrowing costs for companies, consumers and state and local governments—has stalled in recent weeks, weighed down by trade tensions, stock swings, falling oil prices and concerns that an economic slowdown outside the U.S. could weigh on the expansion here. Government bonds rallied after the U.S. and China reached a 90-day trade truce, and gained further Tuesday as the Dow Jones Industrial Average dropped nearly 800 points.
U.S. flags will fly at half-staff, and U.S. markets, including trading on the New York Stock Exchange and Nasdaq, will grind to a halt in honor of the 41st president of the United States.
FT subscribers can click here to receive Market Forces every day by email. marks a pivotal step towards an eventual peace deal, the Treasury bond market has upped the ante with a grim prediction for the current economic and market cycles. towards inversion territory represents a shot across the bows of the equity and credit markets, and as I explain lower down, it’s an early warning call for asset allocation for 2019.
FT subscribers can click here to receive Market Forces every day by email. Given the inferior performance of global stocks versus the S&P 500 so far this year, one can argue that Wall Street is perhaps recognising that there are limits to US exceptionalism. Beyond the US, it has been looking pretty gloomy for many global equity markets since the summer.
The market reprieve triggered by the US Federal Reserve’s perceived dovish turn on rate rises and a tentative Sino-American entente on trade has proven shortlived, setting investors up for a nail-biting end to an already stressful year. Last week, the US stock market had its best weekly performance since 2011. Two of the primary bugbears that have plagued financial markets this year remain: fears over rising interest rates and concerns over trade.
Asian stocks sank Wednesday after Wall Street plunged amid confusion about what Washington and Beijing agreed to in a tariff cease-fire. KEEPING SCORE: Hong Kong's Hang Seng index fell 1.6 percent to 26,840.74 ...
U.S. government bond prices rose Tuesday, pushing the yield on 10-year Treasury notes further below 3%, as investors sought safer investments during the stock-market selloff. Yields, which fall when bond prices rise, declined along with stock prices as investors—including pensions, individuals and mutual funds—turned to less risky assets amid unsettled markets, analysts said. The rally in bonds intensified as major stock indexes extended losses during the trading session.
The market is reconsidering whether a dovish Federal Reserve and a window for trade talks between the U.S. and China are actually good news.
Asian shares were mostly lower Tuesday as investors questioned if a 90-day truce in a tariffs battle will allow the U.S. and China to resolve a range of issues from technology development to trade. WALL STREET: A cease-fire in a trade dispute between the world's two largest economies lifted major U.S. indexes on Monday. U.S-CHINA TRUCE: On Saturday, a meeting between U.S. President Donald Trump and Chinese President Xi Jinping ended with a verbal agreement to hold off on further tariffs for at least 90 days.
The rally in US Treasuries picked up pace on Monday, pulling down long-term yields, as investors continue to dial back expectations for a potentially faster pace of interest rate rises from the Federal Reserve next year. The yield on the benchmark 10-year note fell as much as 4.2 basis points to 2.9715 per cent, the lowest level since mid-September. The markets have been scaling back their bets that the Fed will raise interest rates beyond the three it has forecast for 2019 after bank chair Jay Powell said last week that borrowing costs were “just below” neutral — a level economists view as one in which monetary policy is neither helping nor hindering economic growth.
The widely-watched US “yield curve” has hit a new 11-year low as traders gird themselves for the Federal Reserve raising interest rates at its upcoming meeting later this month, and start to factor in slower economic growth in 2019. The yield curve consists of slope made up of yields of Treasury bonds of various maturities. Depending on how you measure it, the US yield curve has “inverted” ahead of every recession since WWII, making it a widely-followed market indicator for the economy.
Federal Reserve chair Jay Powell’s more dovish stance helped buoy stocks last week, and briefly tipped the 10-year US Treasury yield below the 3 per cent mark again for the first time since mid-September. The question is whether US government debt can rally and keep yields below that level.
BANGKOK (AP) — Share prices were mixed Friday in Asia ahead of the planned meeting by Presidents Donald Trump and Xi Jinping at the Group of 20 summit this weekend.
BEIJING (AP) — Asian stocks followed Wall Street higher on Thursday after U.S. Federal Reserve Chairman Jerome Powell suggested the pace of interest rate increases might slow.