Wednesday, June 29, 2022
Home > World Markets

Paul Tudor Jones says he can’t think of a worse financial environment for stocks or bonds right now

Billionaire hedge fund manager Paul Tudor Jones said the environment for investors is worse than ever as the Federal Reserve is raising interest rates when financial conditions have already become increasingly tight."You can't think of a worse environment than where we are right now for financial assets," Jones said Tuesday

Read More

Stephen Roach says Russian default would hit emerging markets — and China

A man walks past Moscow's stock market building in downtown Moscow on February 28, 2022.Natalia Kolesnikova | Afp | Getty ImagesEconomist Stephen Roach warned effects from any default on Russia's sovereign debt as a result of the Ukraine crisis would spill over to emerging markets, including China."If Russia does

Read More

Volkswagen and top investor look to take Porsche public

Gray clouds are gathering over Porsche's headquarters in Stuttgart-Zuffenhausen, Germany, Feb. 22, 2022.Christoph Schmidt | Picture Alliance | Getty ImagesVolkswagen and its top shareholder have drawn up a preliminary agreement to list Porsche, paving the way for a deal that investors hope will unlock value from the luxury car

Read More

U.S. inflation data is like a ‘punch in the stomach’ for the Fed, says Citi economist

The latest U.S. January inflation data came in like a "punch in the stomach" for the Federal Reserve, which raises the possibility for an aggressive 50 basis points rate hike in March, the global chief economist of Citi Research said.The consumer price index for January, which measures the

Read More

Ahead of its first SPAC approval, Dubai’s Shuaa Capital says it wants to launch more in ‘quick succession’

Dubai-listed investment bank Shuaa Capital is still in the final stages before its first blank-check company can be listed on the Nasdaq in the United States, but the bank is already eager to launch more special purpose acquisition companies (SPACs) in the near future."The intention is to raise the

Read More

UBS says the Fed is likely behind the curve in shrinking its balance sheet

The Federal Reserve is behind the curve when it comes to shrinking the balance sheet, according to UBS Global Wealth Management's Kelvin Tay. Fed Chairman Jerome Powell said Tuesday that he expects a series of interest rate hikes this year, along with other reductions in the extraordinary help the central bank has

Read More

European stocks open lower in holiday-thinned trade

LONDON — European markets opened lower in a holiday-thinned trading session on Monday with many markets still closed due to the Christmas festivities.The German Dax slid 0.4%, France's CAC 40 fell 0.3% and Spain's Ibex was down 0.6% in early morning deals.Market players have been juggling concerns over coronavirus

Read More

European markets slightly lower as investors monitor omicron developments

LONDON — European markets are set to open slightly lower in what's likely to be a thin trading session on Christmas Eve, with traders keeping a watchful eye on the latest developments around the omicron Covid variant.Britain's FTSE 100 is seen losing 19 points at 7,362, Germany's DAX down

Read More