By Jamie McGeever ORLANDO, Florida (Reuters) -Even though it may surprise some that it’s positive at all, the risk premium on equity over bonds has hit historic lows – a key driver of the recent dash for fixed income. Wall Street has successfully fended off the continued rise in U.S. interest rates and drum beat …
Evaporating equity risk premium herds funds to bonds: McGeever Read More »
SAO PAULO (Reuters) – Brazilian telecom firm Oi SA said late Friday it decided to postpone the release of its 2022 financial statements to May 22, after an expected presentation of its judicial reorganization plan. The company, which entered into a second bankruptcy protection in March just months after it emerged from similar proceedings, said …
Brazil’s Oi postpones release of 2022 financial statements Read More »
By Lewis Krauskopf, Sruthi Shankar and Ankika Biswas (Reuters) – Major U.S. stock indexes ended with fractional gains on Friday following mixed earnings results as investors assessed how conflicting economic data might influence interest rates and looked ahead to a massive week of corporate reports. A survey showed U.S. business activity accelerated to an 11-month …
Wall St posts slim gain ahead of big earnings week Read More »
(Reuters) – Investors are gearing up for a busy week ahead, when the bulk of the S&P 500 components report earnings, the dollar could see if it’s regained any forex-appeal and the Bank of Japan’s new governor chairs his first policy meeting. Here’s a look at the week ahead in markets from Lewis Krauskopf in …
By Davide Barbuscia NEW YORK (Reuters) – Vanguard, the world’s second-largest asset manager, increased exposure to large bank’s bonds during the banking rout in March, taking advantage of cheap valuations, according to a report seen by Reuters. The collapse of two U.S. regional banks last month triggered wild price fluctuations across fixed income markets, with …
Vanguard bought large banks’ bonds on the cheap during March turmoil Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – As U.S. stocks test the top of a range that has held for months, two widely used analytical styles appear to be painting conflicting scenarios for where they might go next. Technical indicators such as equity price movement largely show stocks are poised to continue a rally …
Analysis-Bearish fundamentals, buoyant charts complicate outlook for US stocks Read More »
By David Randall NEW YORK (Reuters) – A blistering rally in megacap growth and technology shares has buoyed markets this year, and earnings reports in coming weeks could help investors determine if those gains are justified. U.S. technology stocks are currently the “most crowded” trade in the market, fund managers surveyed by BofA Global Research …
Tech earnings to test markets’ ‘most crowded’ trade Read More »
(Reuters) – The cost of insuring exposure to United States sovereign debt rose to the highest level since 2011 on Friday, over market jitters that the government could hit its debt ceiling sooner-than-expected. Spreads on U.S. five-year credit default swaps widened to 51 basis points, data from S&P Global Market Intelligence showed. This is more …
US 5-year credit default swaps rise to highest since 2011 Read More »
By Svea Herbst-Bayliss BOSTON (Reuters) – Hedge funds pulled in $9.1 billion in new money during the first three months of 2023, data showed on Friday, after last year’s hefty outflows as pension funds and other investors navigated a banking crisis and faced fresh fears of an economic downturn. It was the first quarterly inflow …
Recession-wary investors pour $9.1 billion into hedge funds in first quarter Read More »
By Libby George LONDON (Reuters) – Brazil’s central bank Governor Roberto Campos Neto said on Friday that the bank’s independence is crucial for the country’s economy and lending growth, as political pressure mounted for it to reduce borrowing costs. President Luiz Inacio Lula da Silva and other politicians have pressured the bank to lower benchmark …
Brazil’s Campos Neto: central independence crucial for economy Read More »
