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Morning Bid: Gloomy enough?
  + stars: | 2022-11-25 | by ( ) www.reuters.com   time to read: +4 min
Asset managers tout a return to beaten-down bonds as a result - even if there's far less enthusiasm for equity in that environment. But the view hinges on economies slowing to a point that drags inflation back down toward 2% targets. So far at least, most incoming economic numbers are less gloomy than forecast. Likewise equivalents for the euro zone, China and the world at large - with UK surprises the most positive since April. The People's Bank of China said it would cut the reserve requirement ratio for banks by 25 basis points.
Then there were the reported leaks about Canadian Prime Minister Justin Trudeau taking China’s President Xi Jinping to task for alleged malicious meddling in his country’s elections. What these leaders most detest, as evidenced by Xi’s videotaped temper tantrum with Trudeau, is transparency. Leaders like Xi and Putin are starting to realize their limits, along with the liabilities that come with surrounding themselves with sycophants. What these leaders most detest, as evidenced by Xi’s videotaped temper tantrum with Trudeau, is transparency. Obama held three times as many joint press conferences with world leaders at this point in his presidency.
Morning Bid: Bear Hunt
  + stars: | 2022-11-17 | by ( ) www.reuters.com   time to read: +5 min
Long-term sovereign bond yields have been falling sharply all week in advance of finance minister Jeremy Hunt's new budget, dragged down largely by U.S. disinflation hopes. UK 10- and 30-year gilt yields outperformed, however, dropping to their lowest since early September before backing up slightly on Thursday. U.S. housing starts numbers out later will give another glimpse at the state of the ailing property sector. Reverberations continued around the world from this month's latest implosion in the crypto universe and the failure of the FTX exchange. Major crypto player Genesis Global Capital suspended customer redemptions in its lending business on Wednesday, citing the FTX collapse.
As at other recent international forums, the United States and its allies were seeking a statement from the two-day G20 summit against Moscow's military actions. But Russia, whose forces pounded cities and energy facilities across Ukraine even as the G20 met, said "politicization" of the summit was unfair. [1/12] Leaders gather during the G20 leaders summit in Nusa Dua, Bali, Indonesia, Tuesday, Nov. 15, 2022. China and Russia are close, but Beijing has been careful not to provide any direct material support for the Ukraine war that could trigger Western sanctions against it. Cambodian Prime Minister Hun Sen expressed concern for the health of other world leaders - including Biden - after a positive COVID-19 test forced him to return home early.
Cantor Fitzgerald analysts named six big events to mark on your calendar. While the majority of the expected events are set to come from smaller biotech companies, bigger companies — like Roche, Gilead, and Alnylam — have their own events coming through the pipeline. Here are the six major events from big biotech companies that could send stocks soaring:1. Cantor Fitzgerald analysts give Gilead's stock a neutral rating and they have an overweight rating on Arcus. Lenacapavir "could become a much bigger piece of the HIV growth narrative over the next few years," according to Cantor Fitzgerald analysts.
President Biden of the US and Chairman Xi of China met for more than three hours on Monday morning. The two leaders opposed the use of nuclear weapons in Ukraine, as Russian President Vladimir Putin has threatened, according to the White House's account. Xi reportedly took the same position on Russia's nuclear threats during a meeting with the German chancellor earlier this month. China took a hard line against an independent Taiwan while the US criticized China for "coercive and increasingly aggressive actions." "I do not think there's any eminent attempt by the part of China to invade Taiwan," he said.
Morning Bid: Meta averse, ECB decides and CS slides
  + stars: | 2022-10-27 | by ( ) www.reuters.com   time to read: +4 min
A look at the day ahead in U.S. and global markets from Mike Dolan. Meta added a deep pothole to an already bumpy U.S. earnings season - another obstacle to a market pumped-up by bets of some central bank relief on the horizon as G7 economies slow. read moreWith Apple (AAPL.O) and Amazon reporting later on Thursday, sentiment toward tech giants remains on edge. But after two-week, trough-to-peak bounce of almost 10%, global stock indices (.MIWD00000PUS) struggled to make much headway for the second session on Thursday. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Tech tonic and Sunak salve
  + stars: | 2022-10-25 | by ( ) www.reuters.com   time to read: +5 min
A massive week for top technology firms worldwide pits U.S. mega cap earnings against the withering slide in China tech shares amid domestic political and economic fears. read moreBut the decimation of Chinese tech stocks (.HSTECH) this week was more worrying. read moreU.S.-listed shares of Chinese companies such as Pinduoduo (PDD.O), JD.com and Baidu Inc plunged between 12% and 25% in New York on Monday. read moreHSBC's shares fell almost 7% in London, meantime, as investors digested a sudden management change and rising bad loan charges. As investors awaited the European Central Bank's latest interest rate rise on Thursday, German business readings were above forecast for October.
BOJ, BoJo, Beijing and bond bounce
  + stars: | 2022-10-24 | by ( ) www.reuters.com   time to read: +5 min
A surge in Japan's ailing yen from 32-year lows later on Friday, amid reports of out-of-hours Bank of Japan intervention in New York, saw a peak-to-trough drop in dollar/yen of almost 4%. There were wild swings again on Monday amid suspicion of further BoJ sales, even though officials refused to confirm the action. A weekend of political twists from Beijing to London only added to edgy market on Monday. China leadership China's Xi Jinping secured a precedent-breaking third leadership term on Sunday and introduced a top governing body stacked with loyalists. Hong Kong's Hang Seng index (.HSI) has now underperformed MSCI's broadest global stock index by almost 50% over two years.
Sputnik/Mikhail Metzel/Kremlin via REUTERSOct 23 (Reuters) - Russian Defence Minister Sergei Shoigu spoke with U.S. Defense Secretary Lloyd Austin on Sunday for the second time in three days and held a flurry of calls with three other counterparts from NATO countries. Its readouts on the other calls said Shoigu had said the situation in Ukraine was worsening. "They discussed the situation in Ukraine which is rapidly deteriorating," the Russian defence ministry said of Shoigu's call with French Defence Minister Sebastien Lecornu. Register now for FREE unlimited access to Reuters.com RegisterShoigu spoke separately to Turkey's defence minister Hulusi Akar and Britain's Ben Wallace. With Russia reeling from successive defeats in Ukraine, President Vladimir Putin has said it would resort to nuclear weapons if necessary to defend its "territorial integrity".
Biogen 's new Alzheimer's treatment could lead to even stronger gains for the biotech company going forward, according to Stifel. Analyst Paul Matteis upgraded shares of the biotech company to buy from hold, saying that upcoming data for Alzheimer treatments from competitors Roche and Eli Lilly could show that clinical results for Biogen's product, lecanemab, could be more competitive than feared. "Gantenerumab and donanemab readouts are overhangs for Biogen, but there's reason to think that in most scenarios, lecanemab will have a competitive clinical profile," he added. Shares of Biogen outperformed this year, up 5.7%, as investors pivoted into health care companies for their defensive attributes. Still, the analyst is concerned about challenges for the biotech company, including uncertainty around the company's future CEO.
Paris CNN Business —The trial of two of France’s biggest companies began Monday over the crash of Air France flight 447 in 2009 that killed 228 passengers and crew. Air France denied the company was responsible for the crash and said the charges should again be dismissed. The Air France A330 aircraft plunged into the Atlantic Ocean in June 2009. It was a problem that had affected a few Airbus aircraft in the past, but one which the company had not corrected. Air France stands accused of failing to train pilots on how to respond to the kind of situation the crew faced.
Paris CNN Business —The trial of two of France’s biggest companies begins Monday over the crash of Air France flight 447 in 2009 that killed 228 passengers and crew. Air France denied the company was responsible for the crash and said the charges should again be dismissed. The Air France A330 aircraft plunged into the Atlantic Ocean in June 2009. It was a problem that had affected a few Airbus aircraft in the past, but one which the company had not corrected. Air France stands accused of failing to train pilots on how to respond to the kind of situation the crew faced.
Demonstrators take part in a protest for democracy and free elections and against Brazil's President Jair Bolsonaro, at Paulista Avenue in Sao Paulo, Brazil, August 11, 2022. Register now for FREE unlimited access to Reuters.com Register"One thing is certain about this election: President Bolsonaro will only accept one result – victory. When pressed in interviews, Bolsonaro says he will respect the election result as long as voting is "clean and transparent," without defining any criteria. Demonstrators cited the big crowds as evidence that opinion polls are skewed and electoral fraud is Lula's only hope. The Brazilian president has warned that the aftermath of Brazil's election this year could be worse than the fallout from that contested U.S. vote.
Suzanne Plunkett/CNN Restricted view: Concorde's windows were much smaller than those on a normal passenger airplane. Suzanne Plunkett/CNN Concorde cloakroom: Despite the space limitations, there was room for a closet to ensure Concorde's well-heeled passengers wouldn't crease their coats and garments. Suzanne Plunkett/CNN Work with perks: "The flight attendants loved being on it; the passengers loved being on it. Suzanne Plunkett/CNN Switches and dials: Meanwhile, in the cockpit, the pilots relied on simple analog dials and switches to control the super-fast jet. There are always rumors of new supersonic aircraft in the works, and I enjoy tracking the updates, but nothing seems concrete yet.
Persons: CNN —, it’s, Lewis Whyld, , I’ve, I’d, Lewis, would’ve, Ian Waldie, Suzanne Plunkett, Gordon, Su Marshall, Richard Quest, Richard Ford, MARTYN HAYHOW, tycoons, Mario Tama, CNN's, , you’re, nothing’s, wouldn’t, , we’ve, I’m Organizations: CNN, Concorde, Isambard Kingdom Brunel, downdraft, South West News Service, UK, Concorde Alpha, Aerospace Bristol, Business, British Airways, CNN Concorde, Getty, Bristol Aerospace, eBay, afterburners, Royce, Royce Olympus, Alpha, Aerospace, UK’s Press Association, The Telegraph, It’s Locations: Bristol, England, Clifton, Concorde, London, New York, AFP, Filton, France, Ukraine
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