With 2025 right around the corner, Summit Place Financial Advisors founder and president Liz Miller joins Wealth! Host Brad Smith to make a case for US stocks (^DJI,^GSPC, ^IXIC). “As we look into 2025, what we’re seeing is a global economy that’s likely to be struggling, and the one bright spot is probably the United…
Investors are growing increasingly bullish as the stock market rally rolls on to end 2024. In Bank of America’s December Global Fund Manager Survey, 36% of respondents said they’re overweight US equities, the highest level seen in the survey’s history. This large shift into US stocks came alongside a record-low allocation to cash and a…
SYDNEY/LONDON, Dec 16 (Reuters) – Shares around the world nudged lower on Monday on soft economic numbers from China and Europe and as surging bond yields challenged equity valuations, kicking off a week packed with central bank meetings and major economic data. Figures from China showed retail sales rose just 3.0% in November, compared with…
(Bloomberg) — A year ago, equity investors and strategists braced for a potential turbulent 2024, worrying about the risk of a hard landing for the US economy and interest rates cuts that could come too late to prevent it. Most Read from Bloomberg Fast forward to now: 2024 is set to enter Wall Street’s hall…
TOI correspondent from Washington: In a warning shot that echoed across major world capitals and business majors on Tuesday, US President-elect Donald Trump said he will issue executive orders on day one of his presidency imposing new tariffs on all imported goods from China, Mexico and Canada, Washington’s three largest trading partners, to stop the…
Global markets rose Monday as investors responded positively to President-elect Donald Trump‘s nomination of billionaire hedge fund manager Scott Bessent as Treasury secretary. European and Asian markets largely tracked Wall Street‘s gains last week, reflecting optimism over a potentially market-friendly economic plan. In Europe, Germany‘s DAX climbed 0.7 percent to 19,461.11, while France‘s CAC 40…
Stocks rise as Donald Trump picks Scott Bessent as new Treasury Secretary – latest updates Jump to content Source link
Lima, Peru–(Newsfile Corp. – November 18, 2024) – Chinese President Xi Jinping has wrapped up his state visit to Peru, where he addressed the 31st APEC Economic Leaders’ Meeting and gave a written speech at the APEC CEO Summit. At these key meetings, President Xi emphasized China’s commitment to fostering an inclusive, balanced, innovative and…
While the Hong Kong stock exchange slumped, mainland markets performed better. The Shanghai Composite index closed broadly flat. Mr Wrigley said Trump’s victory would probably force the world’s second-largest economy to embark on more stimulus, which could insulate domestic markets from the impact. China’s highest state body, the National People’s Congress, is currently in session…
* Shadow of Ukraine war hangs over Putin’s BRICS summit in Russia Russia showcases growing BRICS clout * BRICS partners pressing Putin for peace in Ukraine * Putin lays down conditions for any ceasefire * BRICS members account for 35% of global economy * BRICS summit coincides with IMF and World Bank meetings By Vladimir…