Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Allianz Investment Management"


17 mentions found


European stocks inch higher as global markets assess inflation spikes
  + stars: | 2021-06-11 | by ( Elliot Smith | ) www.cnbc.com + 0.00   time to read: +2 min
European markets were fractionally higher on Friday as global markets shrug off a sharp rise in U.S. inflation, with many strategists believing it to be transitory. However, strategists have suggested there is enough evidence in Thursday's data to sustain the Fed's assertions that hotter-than-expected inflation will be transitory. Core inflation, which excludes food and energy prices, rose 3.8% to notch its sharpest increase in nearly three decades. Markets in Asia-Pacific were muted in overnight trade after the S&P 500 sailed to fresh record highs stateside on Thursday. The pan-European Stoxx 600 added 0.2% in early trade, with basic resources climbing 1.1% while banks fell 0.6%.
Persons: Charlie Ripley, Boris Johnson Organizations: U.S . Federal Reserve, U.S . Labor Department, Allianz Investment Management, British, National Statistics, CNBC PRO Locations: Asia, Pacific, Europe, Cornwall, U.K
Reopening U.S. economy fuels inflation, labor market recovery
  + stars: | 2021-06-10 | by ( Lucia Mutikani | ) www.reuters.com + 0.00   time to read: +6 min
May's inflation drivers appear to be temporary, fitting in with Federal Reserve Chair Jerome Powell's repeated assertion that higher inflation will be transitory. "Areas not impacted by the pandemic are moderating the CPI rise. In another report on Thursday, the Labor Department said initial claims for state unemployment benefits fell 9,000 a seasonally adjusted 376,000 for the week ended June 5. Though layoffs are subsiding, claims remain well above the 200,000 to 250,000 range that is viewed as consistent with a healthy labor market. At least 15.3 million people were on unemployment benefits under all programs during the week ended May 22.
Persons: Jerome Powell's, Chris Low, Britni Mann, Chris Aluka Berry Read, Charlie Ripley Organizations: COVID, Federal, FHN, Reuters, CPI, REUTERS, Fed, Allianz Investment Management, Treasury, Employers, Labor Department, Thomson Locations: New York, Roswell , Georgia, U.S, California, Pennsylvania, Florida, Texas
May's inflation drivers appear to be temporary, fitting in with Federal Reserve Chair Jerome Powell's repeated assertion that higher inflation will be transitory. Food prices rose 0.4%, but gasoline declined for a second straight month. In another report on Thursday, the Labor Department said initial claims for state unemployment benefits fell 9,000 to a seasonally adjusted 376,000 for the week ended June 5. Though layoffs are subsiding, claims remain well above the 200,000 to 250,000 range that is viewed as consistent with a healthy labor market. At least 15.3 million people were on unemployment benefits under all programs during the week ended May 22.
Persons: Jerome Powell's, Chris Low, Britni Mann, Chris Aluka Berry Read, , Charlie Ripley, Isfar Munir Organizations: Labor Department, COVID, Federal, FHN, Reuters, CPI, REUTERS, Fed, Allianz Investment Management, Treasury, Employers, Citigroup, Thomson Locations: New York, Roswell , Georgia, U.S, California, Pennsylvania, Florida, Texas, rehiring
Growth is being supported by vaccinations against COVID-19, massive fiscal stimulus and the Federal Reserve’s ultra-easy monetary policy stance. “There would have been many more hires if employers could find more people.”Nonfarm payrolls increased by 559,000 jobs last month. Data for April was revised higher to show payrolls rising by 278,000 jobs instead of 266,000 as previously reported. The unemployment rate fell to 5.8% from 6.1% in April. The jobless rate has been understated by people misclassifying themselves as being “employed but absent from work.” Without this problem, the unemployment rate would have been 6.1%.
Persons: April’s nonfarm, , Chris Low, Marty Walsh, jobseeking, Walsh, Amira Karaoud Stocks, Jerome Powell, Jim O’Sullivan, Charlie Ripley Organizations: WASHINGTON, Labor, COVID, Federal, FHN, Reuters, U.S . Centers for Disease Control, Government, REUTERS, Treasury, Fed, Securities, Manufacturing, Allianz Investment Management Locations: COVID, New York, America, Louisville, U.S
NEW YORK (Reuters) - Global equity markets gained and the U.S. dollar rallied against major currencies on Wednesday for the first time this week as Federal Reserve officials continued to downplay the prospects of rising inflation. The dollar index was up 0.34% in early afternoon trading, while the benchmark yields on 10-year U.S. Treasuries slipped to 1.557%, from 1.564% late on Tuesday. In early afternoon trading, the Dow Jones Industrial Average rose 0.21%, to 34,383.38, the S&P 500 gained 0.29%, to 4,200.34 and the Nasdaq Composite added 0.62%, to 13,741.98. MSCI’s index of emerging market stocks rose 0.49%. Spot gold was 0.2% higher at $1,902.26 per ounce in early afternoon after hitting its highest since Jan. 8 at $1,912.50.
Persons: Nicky Loh, Richard Clarida, Governor Lael Brainard, James Bullard, Treasuries, , , Charlie Ripley, Jerome Powell, ” Ripley, Brent Organizations: YORK, Global, U.S ., Federal Reserve, REUTERS, Fed, Governor, Louis Federal Reserve, Allianz Investment Management, Dow Jones, Nasdaq, Tokyo’s Nikkei, U.S, Treasury, U.S . West Texas Locations: Taipei, U.S, Asia, Pacific, Japan, Mexico
Treasury yields had dropped sharply after the statement. Latam stocks rose 1.5% to their highest since late January, with Brazil's Bovespa leading gains in the region. Broader emerging market currencies were at two-month highs, while stocks hit a 1-1/2 month high. Brazil's real rose 1.8% to its highest point since mid-February after April consumer confidence marked its biggest rise in nine months. Chile's peso rose 0.8%, even as copper prices eased from 10-year highs.
Persons: Ambar Warrick, Shashank, Charlie Ripley, Brazil's Bovespa, Melanie Fischinger, Goldman Sachs, Philippa Fletcher, Grant McCool Organizations: Fed, U.S . Federal Reserve, Treasury, Senior Investment, Allianz Investment Management, Commerzbank, Goldman, Brazil Bovespa, Mexico IPC, Argentina MerVal 49972.06, Chile, Argentina Locations: Latam, Mexico, Colombia, Chile's, Brazil, Chile, Argentina, Peru, Bengaluru
April 7 (Reuters) - Asia equities are set for a sluggish open on Wednesday after Wall Street pulled back from record highs reached in previous sessions, as investors eye the upcoming earnings season for more signs of a recovery following a series of strong U.S. economic data. The International Monetary Fund raised its global growth forecast to 6% this year from 5.5%, reflecting a rapidly brightening outlook for the U.S. economy. On Wall Street, the Dow Jones Industrial Average fell 0.29% to 33,430.24, the S&P 500 lost 0.10% to 4,073.94 and the Nasdaq Composite dropped 0.05% to 13,698.38. Crude oil prices partially rebounded from the previous session’s losses, lifted by strong data from the United States and China. U.S. crude gained 1.16% to settle at $59.33 per barrel, and Brent settled at $62.74 per barrel, up 0.95% on the day.
Persons: Dow, We’ve, , Charlie Ripley, we’ll, ” Ripley, Brent Organizations: Wall, Investors, Allianz Investment Management, Nikkei, Monetary Fund, Dow Jones, Nasdaq, U.S, Treasury, Korean Locations: Asia, U.S, Minnesota, United States, China . U.S
Vaccines, fiscal stimulus boost U.S. employment in March
  + stars: | 2021-04-02 | by ( Lucia Mutikani | ) www.reuters.com + 0.00   time to read: +5 min
Still, employment remains 8.4 million jobs below its peak in February 2020. The employment report marked a painful anniversary for the labor market. Economists estimate it could take at least two years to recoup the more than 22 million jobs lost during the pandemic. The unemployment rate has been understated by people misclassifying themselves as being “employed but absent from work.” Without the misclassification, the unemployment rate would have been 6.4% in March. “The labor market has begun to turn around, but we still have a long way to go before substantial progress is made and the labor market fully recovers,” said Charlie Ripley, senior investment strategist at Allianz Investment Management.
Persons: Carlo Allegri, , Brian Bethune, Nonfarm payrolls, payrolls, Charlie Ripley Organizations: WASHINGTON, REUTERS, Labor, Boston College, Reuters, Manufacturers, Public, Treasury, U.S . Centers for Disease Control, Allianz Investment Management Locations: U.S, Manhattan, New York City , New York, United States
Jan 13 (Reuters) - Asian equities made early trading gains on Thursday after a mixed session Wall Street buoyed by expectations of a U.S. stimulus package even as political events in Washington culminated in the impeachment of President Donald Trump. U.S. Treasury yields posted their first full-session decline in 2021 after rising for six straight sessions as investors eyed more spending by the incoming U.S. administration. Wall Street’s main indexes had hit record highs last week on expectations for a hefty COVID-19 relief package, which President-elect Joe Biden is due to unveil on Thursday. On Wall Street, the Dow Jones Industrial Average fell 0.03%, the S&P 500 gained 0.23%, and the Nasdaq Composite added 0.43%. The climb in yields is expected to resume, partly due to the effect of the stimulus package from the Biden adimistration, which will be inaugurated next week.
Persons: Donald Trump ., , Charlie Ripley, , Hong, Bob Swan, Pat Gelsinger, Joe Biden, Donald Trump, Biden, Brent Organizations: Donald Trump . U.S, Treasury, Allianz Investment Management, Intel Corp, VMware, U.S . Capitol, Dow Jones, Nasdaq, Federal Reserve, U.S Locations: U.S, Washington
Stocks hit new records despite dour jobs report
  + stars: | 2021-01-08 | by ( Paul R. La Monica | Cnn Business | ) edition.cnn.com sentiment -0.94   time to read: 1 min
New York (CNN Business) Bad news is good news again on Wall Street. Stocks rose at the opening bell Friday to hit more new records -- despite the fact that the United States government reported a surprise loss of 140,000 jobs in December. The weak numbers highlight the need for more stimulus from Washington. "The ongoing battle against the pandemic is putting pressure on the real economy once again," said Charlie Ripley, senior investment strategist for Allianz Investment Management, in an email to CNN Business, "and despite what financial markets are signaling, the labor market is indicating there is still a ways to go on the economic road to recovery." "The ability for Congress to provide additional fiscal support has increased and today's employment report simply beckons them to do so," Ripley added.
Persons: Charlie Ripley, Ripley Organizations: CNN, Allianz Investment Management, CNN Business Locations: York, United States, Washington
Wall Street’s norm-busting, record-shattering wild year has left market observers no less eager to prognosticate on what lies ahead for stocks, and the economy at large, in 2021. What makes this year’s predictions so different from everything that came before is the magnitude of uncertainty that lies ahead. Some question whether sky-high valuations of tech companies and other firms that became pandemic-era darlings will be justified going forward. “We’re going to have to watch job growth,” McMillan said. Mayfield said a sharp uptick in the number of business closures, structural shifts in employment displacing large numbers of workers permanently — not to mention the epidemiological trajectory of the virus itself — could slam the brakes on forward market momentum.
Persons: , Brad McMillan, ” Stocks, Mitchell Goldberg, ” Goldberg, “ You’ve, Ross Mayfield, Mayfield, , Charlie Ripley, we're, ” McMillan, ” Ripley, We’re Organizations: Commonwealth Financial Network, Dow Jones, Nasdaq, ClientFirst, Baird, Allianz Investment Management, Federal Reserve
The world might be waiting on a Covid-19 vaccine, but thanks to policy booster shots, the stock market ended 2020 seeming to be largely immune from the contagion that still threatens Main Street businesses. The stock market clawed back its early-2020 gains and more, with the Dow Jones soaring above 30,000 for the first time in November. “I think people were really shocked that the stock market recovered so well while the economy was doing so badly. The stock market always looks forward, and analysts said this is driving loftier valuations — even as politicians like President-elect Joe Biden and public health experts warn of a grim winter for the country. “I think people were really shocked, and a lot of people were somewhat angry that the stock market recovered so well while the economy was doing so badly,” he said.
Persons: Dow Jones, , Donald Trump, , , Joseph Heider, “ There's, Charlie Ripley, ” Mitchell Goldberg, Goldberg, Joe Biden Organizations: Dow, Federal Reserve, Cirrus Wealth Management, Allianz Investment Management, ClientFirst, Nasdaq, “ Capital
The market has rarely been this expensive. Expensive tech stocks have lived up to the hypeAmazon AMZN trades at a nosebleed valuation of 70 times expected 2021 earnings. As long as big tech companies, which dominate the major indexes, continue to report solid earnings gains, stocks may still rise higher. Union Bank's Lowenstein added that investors are ignoring many risks that could push down market valuations. So 2021 gains may simply have been pulled forward to now.
Persons: , Jim Reid, Reid, He's, Todd Lowenstein, Charlie Ripley, Ripley, Deutsche Bank's Reid, TINA, Chad Oviatt, Oviatt, John Lynch, Lynch, Bank's Lowenstein, Lowenstein Organizations: CNN, Deutsche Bank, Private Bank, Union Bank, CNN Business, Allianz Investment Management, Deutsche, Huntington Private Bank, Comerica Asset Management Locations: York
Why the US dollar could be the big loser of 2021
  + stars: | 2020-12-06 | by ( Julia Horowitz | Cnn Business | ) edition.cnn.com + 0.00   time to read: +4 min
A version of this story first appeared in CNN Business' Before the Bell newsletter. You can sign up right hereLondon (CNN Business) The US dollar is on the back foot , and Wall Street doesn't expect that to change any time soon. What's happening: The dollar has weakened by nearly 12% against a basket of top currencies since peaking in March . With the euro up roughly 10% against the US dollar since the start of April, questions are increasing about whether the European Central Bank, which meets this week, will try to intervene. "The economy is going to get worse before it gets better," Jason Furman, former Obama economic adviser, told CNN Business.
Persons: Ned Rumpeltin, George Saravelos, Saravelos, Matt Egan, Jason Furman, Obama, Furman, Charlie Ripley, DoorDash, Price Organizations: CNN Business, Bell, CNN, TD Securities, European Central Bank, Deutsche Bank, ECB, Harvard University, Allianz Investment Management, GameStop, Commission, Central Bank, Costco, LULU European Central Bank Locations: London, US, States, United States, Washington, Germany, China
Lucas Jackson/ReutersUS equities rose on Friday after disappointing labor-market data boosted hopes for an end-of-year stimulus compromise. The unemployment rate fell to 6.7% from 6.9% and met forecasts. "Today's report is beckoning lawmakers to act on additional fiscal stimulus measures," Charlie Ripley, senior investment strategist for Allianz Investment Management, said. US stocks gained on Friday after worse-than-expected November jobs data lifted hopes for a near-term stimulus deal. The US unemployment rate dipped to 6.7 from 6.9%, meeting economist forecasts.
Persons: Lucas Jackson, Charlie Ripley, payrolls, Kevin O'Leary, Jefferies Organizations: payrolls, Allianz Investment Management, of Labor Statistics, Bloomberg, Democrat, Republican, Markets Locations: Here's
Trevor WilliamsWhat goes up must come down and then usually goes back up again, at least in the case of the U.S. stock market. Then, in March, when the pandemic slammed the U.S. with sweeping lockdowns that brought most economic activity to a halt, the index tanked, falling 30% in 22 trading days and officially entering bear territory. Weigh risk vs. reward For those investing long-term, such as for retirement, staying in the market is often the best strategy, according to financial advisors. Research has shown that missing out on the best trading days has a huge impact on long-term returns, as they often follow the worst days. "When markets do go down, it does provide an opportunity to buy good-quality investments at lower prices."
Persons: Trevor Williams, Charlie Ripley, Kaya Ladejobi, Anjali Jariwala, Jason Field, Van, Phuong Luong, Organizations: Allianz Investment Management, Investors, Bank of America, CPA, Van Leeuwen & Company Locations: New York, Torrance , California, Van Leeuwen, Princeton , New Jersey, San Francisco
Stock futures flat after pause in the record rally
  + stars: | 2020-11-17 | by ( Maggie Fitzgerald | ) www.cnbc.com + 0.00   time to read: +2 min
U.S. stock futures were flat in overnight trading on Tuesday as investors digested the recent record rally in equities. Dow futures fell 21 points. Futures for the S&P 500 and Nasdaq-100 fell 0.04% and 0.03%, respectively. Tuesday's session was the first time in three days the Dow and S&P 500 fell, following their record closes on Monday. Tesla shares popped more than 8% after after S&P Dow Jones Indices said that the electric vehicle company will join the S&P 500.
Persons: Dow, Russell, Charlie Ripley, Stocks, Johns Organizations: Dow, Nasdaq, Dow Jones, Walgreens, Home Depot, Walmart, Dow Jones Indices, Senior Investment, Allianz Investment Management, U.S, The U.S, CNBC, Target, Nvidia, Copa Holdings, Brands, CNBC PRO Locations: Johns Hopkins
Total: 17