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The upbeat market momentum continued on Monday, with Asian stocks up after China reopened its borders, bolstering the outlook for the global economy. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose to its highest in more than six months. At 0811 GMT the MSCI World Equity index, was up 0.5%, near its highest since mid-December (.MIWD00000PUS). “The market is reading that wage pressures are easing quite rapidly and seeing that as positive and potentially people whispering the words “soft landing” more loudly now,” said Hani Redha, global multi-asset portfolio manager at PineBridge. Redha said that there was "over-excitement" in the market reaction to the U.S. jobs data, and that more wage data would be needed.

☆ Global stocks rally to near 4-week highs, oil rises on hopes of 'soft landing'
▼ + stars: | 2023-01-09 | by ( David Randall | ) www.reuters.com time to read: +3 min

The gains were broad across equity markets, with Europe's STOXX 600 near a one-month high (.STOXX) and emerging market stocks (.MSCIEF) up 2.4% on the day. Asian stocks rose after China reopened its borders, bolstering the outlook for the global economy. The U.S. dollar index was down around 0.8%, near its lowest in seven months after it dropped 1.2% on Friday . In bond markets, European government bond yields rose, in a reversal after the previous weeks' sharp falls. Bond yields move in the opposite direction of prices.

☆ We're focusing on 'risk-free' bonds, especially U.S. treasuries, portfolio manager says
▼ + stars: | 2023-01-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're focusing on 'risk-free' bonds, especially U.S. treasuries, portfolio manager saysThe recent reset in bond yields creates a good entry point for investment, according to Pinebridge Investment portfolio manager Hani Redha.

Reuters Graphics3/ RE-EMERGING MARKETSWhisper it, but the emerging markets (EM) bulls are back after 2022 delivered some of the biggest losses on record. Credit Suisse particularly likes hard currency debt and DoubleLine's Jeffrey Gundlach, AKA the "bond king", has EM stocks as his top pick. Economists polled by Reuters expect headline U.S. inflation to decelerate to 3.1% by the end of 2023. Valentine Ainouz, fixed income strategist at the Amundi Institute, predicts the 10-year U.S. Treasury yield will end 2023 at 3.5% from around 3.88% currently. Reuters Graphics5/ EQUITIES: SELL NOW, BUY LATEREquity investors hope a V-shaped year for the global economy will see stocks end it comfortably higher.

☆ Messi or Ronaldo? Football's hottest debate rages on in Qatar
▼ + stars: | 2022-12-08 | by ( Philip O'Connor | ) www.reuters.com time to read: +2 min

I think he's more versatile than Messi, who has a wonderful left foot, but Ronaldo is the better footballer and athlete," England fan David Barley told Reuters. Both are playing at their fifth World Cup but neither has yet won the trophy. It's probably Messi, but overall I prefer Ronaldo - I'm a Portugal fan, Sporting is my team, so Ronaldo," American fan Melo Barrows said. "Messi, Messi, absolutely Messi," he said. He's a good player, he scores also, he assists -- what a player, he's the best player of all time."

Dec 6 (Reuters) - The protester who ran onto the field during the World Cup game between Portugal and Uruguay holding a rainbow flag has told Reuters that FIFA president Gianni Infantino intervened to ensure he was set free by Qatari authorities. "Gianni Infantino is intelligent - Falco is free, no problem in Qatar," he explained in a Zoom interview from his home in Italy. "The police from Qatar are very like gentlemen, very friendly, asked me if I wanted water, coffee, a croissant. Ferri said he was in custody for around half an hour when the FIFA president suddenly appeared. "I'm forever trying to fight for a new world, I want no war in the world.

☆ Analysis: Heavily discounted UK Plc may have further to fall
▼ + stars: | 2022-11-09 | by ( Joice Alves | ) www.reuters.com time to read: +5 min

Hani Redha, global multi-asset portfolio manager at U.S. investment firm PineBridge, said that UK valuations do not look cheap when looking at a multi-year timeframe and the "structural issues facing the UK economy". UK stocks (.FTAS) are already trading at a record discount to their global peers (.MIWD00000PUS), Refinitiv data shows, but investors expect new lows next year. UK discountThe domestic-orientated FTSE 250 mid-cap index (.FTMC) has broken three consecutive quarterly declines after new Prime Minister Rishi Sunak dumped most of his predecessor's market-crushing fiscal plan. Half of all borrowing by UK non-financial companies is in dollars, totalling about 350 billion pounds ($399.5 billion), according to S&P Global. "Bearing in mind in what state the UK economy is right now, I would stay clear of UK small-caps," he said.

☆ PineBridge, Man Group bet on China as reopening hopes fuel markets
▼ + stars: | 2022-11-04 | by ( Joice Alves | Karin Strohecker | ) www.reuters.com time to read: +4 min

LONDON (Reuters) -Asset manager PineBridge Investments’ multi asset team has sharply raised its China equity exposure and rival Man Group expects to expand its presence in the country with expectations that strict COVID rules will be eased. “Europe is going into recession now, the U.S., maybe, sometime next year, but China’s already had a recession ... The next leg is up for Chinese equities, it’s a question of when, and the main driver would be the reopening,” Redha said. China’s economy rebounded faster than anticipated in the third quarter though the revival was challenged by COVID-19 curbs, a prolonged property slump and global recession risks. However, a foreign ministry spokesman later said he was not aware of the report, calling China’s COVID policies consistent and clear.

☆ PineBridge ups China equities exposure to record high on reopening hopes
▼ + stars: | 2022-11-04 | by ( Joice Alves | ) www.reuters.com time to read: +2 min

LONDON, Nov 4 (Reuters) - PineBridge Investments has increased its exposure to Chinese equities to a record high on hopes China's strict COVID restrictions will be lifted and boost the market, the U.S. asset manager told Reuters on Friday. "We have more China equities that we've probably ever had before in our portfolio in anticipation of this improvement ahead," said Hani Redha, global multi-asset portfolio manager at PineBridge. The asset manager - which has $133.4 billion in asset under management, of which $15 billion is in global equities - is currently underweight in European and U.S. stocks. The next leg is up for Chinese equities, it's a question of when, and the main driver would be the reopening," Redha said. However, a foreign ministry spokesman later said he was not aware of the report and that China's COVID policies were consistent and clear.

REUTERS/StaffLONDON, Oct 25 (Reuters) - European stocks rose in early trading on Tuesday, as investors took confidence from signs that the U.S. Federal Reserve could slow down its rate increases, although concern about China's economy still weighed on Asian markets. European stock indexes opened higher, with the STOXX 600 up 0.4% at 0809 GMT (.STOXX). Economists polled by Reuters said that the central bank should not pause until inflation falls to around half its current level. Some better-than-expected earnings results also supported European stock market sentiment, with Swiss bank UBS (UBSG.S) among those beating market expectations. The European Central Bank meets on Thursday and is set to raise rates by 75 basis points.

Jars of Nescafe Gold coffee by Nestle are pictured in the supermarket of Nestle headquarters in Vevey, Switzerland, February 13, 2020. Russia's invasion of Ukraine has propelled energy and grain prices to all-time highs, driving up the cost of packaged goods. That has been felt particularly acutely in parts of Asia and North Africa, where people spend a higher proportion of income on food and fuel than in the United States and Europe, prompting some shoppers to stockpile non-perishable items. "Nestle is seeing hoarding with bouillon, to an extent soups, coffee for sure," Al Bitar told Reuters. Several countries in North Africa and Central Asia are suffering recurring shortages of basic necessities.

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