Pimco expects BoJ to raise interest rates as early as January and favors long-term Japanese bonds
(Bloomberg) — Pacific Investment Management Co.’s Japan subsidiary expects the central bank to raise interest rates again in January and is prepared to actively invest in ultra-long-dated government bonds whose yields have risen to more attractive levels. Most read by…
The treacherous September puts traders everywhere in distress
(Bloomberg) — September has historically been a terrible month for traders, and with lingering questions about the Federal Reserve’s expected rate cut, it’s likely to be even harder to navigate in 2024. Most read by Bloomberg Bonds, stocks and gold…
Elliott increases stake in Southwest Air and pushes forward restructuring plans
(Bloomberg) — Elliott Investment Management increased its stake in Southwest Airlines Co. to 9.7 percent, nearing the amount needed to call a special shareholder meeting at which the activist hopes to replace most of the airline’s board. Most read by…
Australian mining boss wants to stop coffee trips for workers
Employees at billionaire Chris Ellison’s mining company have already been banned from working from home, and going outside for coffee could be the next privilege at risk. “I want to keep them locked up all day,” Ellison, CEO of Mineral…
TSMC and SK Hynix shares fall as Nvidia and China earnings disappoint
(Bloomberg) — Stocks in Asia fell as Nvidia Corp.’s earnings failed to deliver the wow factor needed to impress investors, while China’s results helped extend a sell-off at the country’s technology companies. Most read by Bloomberg The MSCI index for…
US stock futures fall as Nvidia forecast clouds prospects for AI rally
(Bloomberg) — U.S. stock futures fell after Nvidia Corp. issued a revenue forecast that fell short of analysts’ highest estimates, potentially heightening concerns about the sustainability of the artificial intelligence boom. Most read by Bloomberg Futures on the Nasdaq 100…
Nvidia Countdown Keeps Stocks in Tight Ranges: Markets Wrap
(Bloomberg) — Markets are waiting with bated breath for Nvidia Corp.’s results, with U.S. stock futures little changed and shares from Asia to Europe trading in tight ranges. Most read by Bloomberg The world’s most influential stock is expected to…
China’s two richest people lose billions in stock market crash
(Bloomberg) — Record-breaking stock sales at two of China’s biggest consumer goods companies wiped more than $18 billion off the fortunes of the country’s richest people, underscoring growing investor concerns about the health of Asia’s largest economy. Most read by…
European stocks subdued with focus on US inflation and Nvidia results
(Bloomberg) — European stocks gave up small gains on Tuesday as investors shied away from big investments ahead of the release of U.S. inflation data and Nvidia Corp. earnings later this week. Most read by Bloomberg The Stoxx 600 index…
Weather and old trees cause palm oil production to decline in Indonesia
(Bloomberg) — The outlook for Indonesia’s palm oil crop has darkened as dry weather and aging trees hit production in the world’s largest growing country, likely leading to a tightening of global supply and continued high prices. Most read by…
