(Bloomberg) — Emerging-market equities will be boosted by stimulus measures in China thanks to the country’s large weightings in indices and close economic ties with other developing countries, according to veteran investor Mark Mobius and Goldman Sachs strategists. Most Read from Bloomberg China accounts for one quarter of the benchmark MSCI EM equity index and…
With turncoat FIIs pulling out over Rs 37,000 crore from Indian equities after China started wooing investors with a new bazooka story, Sensex has fallen about 4,786 points in the last 6 trading sessions. Sensex ended Monday’s session 638 points weaker at 81,050 while Nifty ended below the 25,800 level. Investors are fearing that all…
Investors across the globe are rushing to scoop up Chinese stocks as Beijing’s stimulus blitz sets off an epic rally. Just don’t count Rajiv Jain among them. The manager of the top-performing $23 billion GQG Partners Emerging Markets Equity Fund has kept his holdings in Chinese stocks at about 12% of the fund — roughly…
European stock futures and Hong Kong shares advanced after more stimulus measures from China sparked a risk-on mood. Oil rose and gold hovered near a record after tensions flared up in the Middle East with Iran firing a barrage of missiles at Israel. An index of Chinese equities soared as much as 8.4%, the most…
Chinese shares listed in Hong Kong jumped the most in almost two years, extending their stimulus-induced euphoria as traders returned from a public holiday. The Hang Seng China Enterprises Index climbed as much as 8.4%, extending its winning streak to 13 days. Property developers led gains with a gauge tracking the sector leaping as much…
The Federal Reserve kicked off its campaign to lower interest rates with a larger-than-typical half percentage-point cut, while the Bank of England decided against a second consecutive reduction. The Fed’s rate cut, which was larger than forecasters had generally anticipated, is Chair Jerome Powell’s attempt at ensuring a soft landing for the economy. In the…
To get John Authers’ newsletter delivered directly to your inbox, sign up here. The last few days have been an exercise in game theory. What were the main motivations for the Federal Reserve, and would that prompt them toward a cut of 0.25% or 0.5% in the fed funds rate? We have our answer, and…
Lebanon’s leadership warned that the risk of further violence and escalation is extremely high following two days of attacks involving exploding communications devices across the country. The next 48 hours, ministers told CNBC Thursday, will be particularly dangerous. On Tuesday and Wednesday, thousands of communications devices — including pagers and two-way radios — used by…
India’s overtaking of China in key global gauges will likely usher in a bigger influx of foreign flows, giving equities in the South Asian country another boost. India has overtaken China in the MSCI AC World IMI Index with a 2.35% weighting compared to a 2.24% for the latter, according to a Morgan Stanley report…
The U.S. Federal Reserve is on Wednesday heading for its first interest rate cut since the onset of the Covid-19 pandemic — and despite the move being widely forecast, global investors are braced for impact. The Fed is behind a swathe of its central bank peers, including those in the euro zone, the U.K., Canada,…