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6 mentions found


Stock Market Today: Dow Futures Rise; Nike Shares Jump
  + stars: | 2023-09-29 | by ( ) www.wsj.com   time to read: +1 min
Stock futures and Treasury bonds recovered some ground, but major indexes were still on track for the worst quarterly performance in a year. Stocks have come under pressure from the bond selloff, which propelled the 10-year Treasury yield to the highest level since 2007 earlier this week. The S&P 500 is down 3.3% this quarter and the Dow has lost over 2%. Treasury notes recovered some ground. The benchmark 10-year Treasury yield extended its retreat into a second day, as did the U.S. dollar.
Persons: Stocks, Dow, , John Roe Organizations: Legal, General Investment Management, Nasdaq, Dow, Treasury, ., bund Locations: Europe
The metals and mining sector is typically used as a proxy for equity investors in Europe to gain exposure to China, given it is the world's largest commodities consumer, and it has sunk along with China's growth expectations. But Beijing in recent weeks has taken targeted steps towards supporting key pockets of its economy, lifting the mining sector off its 31-month lows. In the last month, the mining index has risen nearly 10% compared with a gain of just 2.5% for the wider STOXX 600. Sweeney says this wide range of measures could be a catalyst for an upturn in the metals and mining sector. "Obviously, the 800-pound gorilla from a primary metal demand perspective is China," Peter Mallin-Jones, mining analyst at UK investment bank Peel Hunt, said.
Persons: Ints, Nathan Sweeney, multiasset, Sweeney, LSEG, Peter Mallin, Peel Hunt, Jones, Daniel Major, Marlborough Investment Management's Sweeney, Samuel Indyk, Amanda Cooper, Elaine Hardcastle Organizations: REUTERS, Equity, Marlborough Investment Management, Miners, London Metal, Morningstar, UBS, Rio Tinto, BHP Group, Major, Marlborough Investment, Thomson Locations: Garpenberg, Sweden, China, LONDON, Europe, Beijing, Singapore, India, Indonesia, Malaysia, Nigeria, United States, Rio, Antofagasta, Rio Tinto, Marlborough
Stock Market Today: Dow Futures Edge Down—Live Updates
  + stars: | 2023-07-05 | by ( ) www.wsj.com   time to read: +1 min
Stock futures slipped as data showed China’s services sector expanded slower than expected and investors awaited minutes from the Federal Reserve’s latest policy meeting. “It’s contributing to the loss of momentum and growth in Europe as well.”Coming up: The Fed’s minutes for its June meeting are due at 2 p.m. In recent market action:Stock futures slipped. Nasdaq-100 futures fell 0.4%. Hong Kong’s Hang Seng Index lost 1.6% and the Shanghai Composite Index fell 0.7%.
Persons: , Hani Redha, Jerome Powell, Brent Organizations: Federal, PineBridge Investments, Dow, Nasdaq, Nikkei, Treasury Locations: China, Europe, Shanghai
JP Morgan Asset Management sees a better 2023 for stocks, even as big Wall Street banks warn of sharp falls. "The worst of the market volatility is behind us and both stocks and bonds look increasingly attractive," JP Morgan Asset said. More interest-rate rises look limited, bringing some cheer for markets in 2023, top asset manager Janus Henderson agreed. Here's a selection of commentary and predictions from the two asset managers on 2023 investment prospects. JP Morgan Asset Management"Our base case sees a moderate recession in most major developed economies in 2023.
The Federal Reserve will hold rates at about 5% for an extended time, Goldman Sachs multi-asset solutions co-CIO, Maria Vassalou, said. "What the market is pricing in, in terms of terminal rate, may actually be way too optimistic." And if inflation expectations become deeply entrenched, she added, the Fed may be forced to push the terminal rate higher than expected. "So the expectation is they will raise rates, probably about 5% given incoming data, and they will have to stay at this restrictive level for a period to come." Early next year, additional increases are seen that would bring the fed funds rate at or just above 5%.
How to Use ETFs to Create a Fixed-Income Portfolio
  + stars: | 2022-11-06 | by ( Ari I. Weinberg | ) www.wsj.com   time to read: 1 min
Portfolios that use bond funds for their fixed-income allocations might need an adjustment to survive a rocky market. Surging inflation and corresponding interest-rate increases have left many fixed-income portfolios in shambles this year. Core bond funds, typically the bedrock of a multiasset portfolio, are down 15% to 20%. “It’s very clear that the rate environment in the next 10 years won’t look like the last 10,” says Leland Clemons , founder of ETF issuer BondBloxx Investment Management.
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