DIRS.INFO The most relevant business & tech news

☆ Safe-haven dollar hovers around 2-month high on China woes, high rates fear
▼ + stars: | 2023-08-18 | by ( Joice Alves | ) www.reuters.com time to read: +4 min

U.S. Dollar and Chinese Yuan banknotes are seen in this illustration picture taken June 14, 2022. "High yields and growing risks in China suggests the balance of risks is moderately tilted to the upside for the dollar," he added. The U.S. dollar index , which measures the currency against six peers, edged 0.1% higher at 103.53, after touching a two-month high at 103.59 on Thursday. ING'S Pesole said the single currency has been surprisingly resilient given the euro zone’s economic exposure to China. Against the yen, the dollar eased 0.3% to 145.38 , after reaching a nine-month peak of 146.56 on Thursday.

Persons: Florence Lo, Francesco Pesole, ING'S Pesole, Joice Alves, Kevin Buckland, Sharon Singleton Organizations: REUTERS, People's Bank of China, Reuters, China, HK, U.S, ING, Federal, Thomson Locations: Thursday's, U.S, Beijing, China, London, Tokyo

☆ Dollar set for fifth winning week on Fed bets, China worries
▼ + stars: | 2023-08-18 | by ( Kevin Buckland | ) www.reuters.com time to read: +4 min

U.S. Dollar and Chinese Yuan banknotes are seen in this illustration picture taken June 14, 2022. Strong economic data this week, particularly retail sales, had already bolstered the case for additional tightening. That all helped push 10-year Treasury yields to the highest since October at 4.328% on Thursday. "The risk aversion, the higher yields, the resilient economic data ... all of those things have played out to perfection for the U.S. Against the yen, the dollar eased 0.32% to 145.365 on Friday, after reaching a nine-month peak of 146.40 overnight.

Persons: Florence Lo, Tony Sycamore, Sycamore, Ray Attrill, Kevin Buckland, Jacqueline Wong, Simon Cameron, Moore Organizations: REUTERS, Rights, People's Bank of, U.S, Federal, IG, U.S ., National Australia Bank, Reuters, HK, . Treasury, Thomson Locations: Beijing, People's Bank of China, China, U.S

☆ China's central bank steps up intervention after yuan hits 16-year low against greenback
▼ + stars: | 2023-08-18 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

The yuan midpoint is a reference point for trading, and caps the range between +2% and -2%. Stock Chart Icon Stock chart iconFriday's move comes after the onshore yuan fell to a 16-year low against the greenback on Wednesday, trading at 7.2981. The onshore yuan strengthened 0.1% against the greenback at 7.2836 on Friday, and the offshore yuan weakened marginally to 7.3057. The onshore yuan is traded on the mainland and referred to as the CNY, while the offshore yuan — traded in markets like Hong Kong and Singapore — is referred to as the CNH. It vowed to "maintain the basic stability of the RMB exchange rate at a reasonable and balanced level, and resolutely prevent the risk of exchange rate overshoot."

Persons: Vishnu Varathan Organizations: Nurphoto, People's Bank of, U.S, Reuters, Mizuho Bank Locations: Fuyang city, East China's Anhui, People's Bank of China, Hong Kong, Singapore, Asia, Oceania

☆ Country Garden: How bad is China's property crisis?
▼ + stars: | 2023-08-17 | by ( Clare Jim | ) www.reuters.com time to read: +5 min

HONG KONG, Aug 17 (Reuters) - The debt crisis at Country Garden (2007.HK), China's largest property developer before this year and once considered a financially sound company, has triggered fresh contagion fears just two years after China Evergrande Group (3333.HK) defaulted. S&P Global Rating said on Wednesday it could adjust its forecast for property sales to a "descending staircase" figure from an "L" shaped recovery, if Country Garden officially defaulted. However, it emerged when the property market and the economy are in much worse shape. Evergrande was already insolvent at the time of default, but Country Garden currently still has more assets than liabilities. Analysts warn that Country Garden could become insolvent if it had to write off large inventories, and run into negative equity if its asset values dropped over time.

Persons: Evergrande, Moody's, Lehman, Clare Jim, Sumeet Chatterjee, Stephen Coates Organizations: HK, China Evergrande, Local, Beijing, International, International Monetary, WILL, Communist Party, Thomson Locations: HONG KONG, Evergrande, China, Beijing

☆ Exclusive: China's major state banks sell dollars for yuan in London, NY hours - sources
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +1 min

State banks usually act on behalf of China's central bank in the country's foreign exchange market, but they could also trade on their own behalf or execute their clients' orders. Offshore branches of the state banks were seen selling dollars during London and New York trading hours this week, two sources with direct knowledge of the matter said on Thursday. Such dollar selling could limit falls in the offshore yuan and prevent it from diverging too far from its onshore counterpart . Meanwhile, two separate sources also said state banks offered dollars in onshore foreign exchange markets. The onshore yuan traded at 7.3096 per dollar as of 0205 GMT, while the offshore yuan last fetched 7.3356.

Persons: Yuan, Dado Ruvic, Jacqueline Wong Organizations: REUTERS, Rights, Shanghai, Thomson Locations: China's, London, New York

Aug 16 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The word 'crisis' should always be used responsibly and judiciously when covering financial markets, business and economics, but are we at that point now with China? The People's Bank of China may have finally pulled the interest rate lever, but it had the expected impact of slamming the exchange rate. Compare and contrast China with Japan, as per Tuesday's bumper Q2 GDP data, and the U.S., where figures on Tuesday showed a surge in retail sales. Here are key developments that could provide more direction to markets on Wednesday:- New Zealand interest rate decision- China house prices (July)- Japan tankan surveys (August)By Jamie McGeever; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Jamie McGeever, Zhang Dandan, JP Morgan, Josie Kao Organizations: Peking University, People's Bank of, Atlanta, Thomson, Reuters Locations: China, New Zealand, Japan, Asia, People's Bank of China, U.S, Hong, Zealand

REUTERS/Aly Song/File PhotoAug 15 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. As waves of volatility crashed over emerging markets on Monday, most notably in Argentina and Russia, the focus on Tuesday once again returns to the root of much of the deeper anxiety and uncertainty around EM: China. Reuters polls of economists suggest annual growth in investment and industrial output will remain steady from June's levels, while retail sales growth will rise to 4.5% from 3.1%. Tuesday's data dump comes a day before the central bank delivers its latest monthly monetary policy decision. With the U.S. dollar and U.S. Treasury yields marching higher, global financial conditions are tightening and there doesn't appear to be any respite for emerging markets on the immediate horizon.

Persons: Aly, Jamie McGeever, Marguerita Choy Organizations: REUTERS, Investment, Reserve Bank of, Authorities, Reuters, U.S ., U.S, Treasury, Thomson Locations: Shanghai, China, Argentina, Russia, Reserve Bank of Australia's, Japan, Beijing, U.S, Asia

☆ Russia is evacuating a village that may be hit by falling rocket debris as it prepares for its first moon landing in almost 50 years
▼ + stars: | 2023-08-08 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

On Friday, Russia returns to lunar exploration with its first expected moon landing since 1976. But one village in Russia's Far East, which could be hit by falling rocket debris, is being evacuated. The village falls within the potential impact zone of the launch, making the evacuation necessary, he added. After a hiatus of nearly 50 years, Russia will launch its first lunar landing spacecraft on Friday. Scientists believe the south pole of the moon contains a lot of water ice, which astronauts could potentially mine for rocket fuel.

Persons: Alexei Maslov, Luna, Maslov, Yuri Borisov, Borisov Organizations: Residents, Service, Vostochny, Google, Reuters, Agence, Press, AFP Locations: Russia, Russia's Far, Wall, Silicon, Shakhtinsky, Russia's Khabarovsk, Khabarovsk region's Verkhnebureinskyi, Moscow, Agence France, India

☆ Point of no return: Australians fight for the right to work from home permanently
▼ + stars: | 2023-08-01 | by ( Byron Kaye | ) www.reuters.com time to read: +6 min

You can actually finish work at five, rather than finishing at five spending 45 minutes trying to get home." When you have a jolt, you never return to the way the world was," said John Buchanan, head of the University of Sydney's Health and Work Research Network. That same week, the public sector union struck a deal the which lets Australia's 120,000 federal employees request work-from-home an unlimited number of days. By comparison, Canada's federal workers ended a two-week strike in May with a wages agreement that came without the WFH protections they wanted. Among employees with WFH experience, 19% wanted to return to the office full-time, the survey found.

Persons: David Gray, SYDNEY, Nicholas Coomber, Coomber, Jamie Dimon, Elon Musk, John Buchanan, We're, Jones Lang Lasalle, Melissa Donnelly, WFH, Mathias Dolls, Jim Stanford, Stanford, Byron Kaye, Miral Organizations: REUTERS, JPMorgan Chase, Twitter, University of Sydney's Health, Work Research, Commonwealth Bank of Australia, National Australia Bank, NAB, European Union, Community, Public Sector Union, CBA, ifo, Macroeconomics, Stanford University, Workers, Centre, Australia Institute, Thomson Locations: Melbourne, Southbank, Australia, New Zealand, Tokyo, New York, JLL.N, Hamburg

BEIJING/TAIPEI, July 28 (Reuters) - Typhoon Doksuri swept into southern China on Friday, unleashing heavy rain and violent gusts of wind that whipped power lines and sparked fires, uprooted trees, and ripped off part of a stadium roof. REUTERS/Eloisa LopezSocial media video showed power lines sparking and bursting into flames as winds thrashed Jinjiang, a city of 2 million, while in Quanzhou trees were uprooted and left in the middle of roads. FERRY OVERTURNSTyphoon Doksuri has already left a wake of death and destruction as it moved from the Philippines across southern Taiwan. In southern Taiwan, the storm toppled trees and cut power to hundreds of thousands of homes. The storm had cut power to more than 278,000 homes across Taiwan and downed hundreds of trees in Kaohsiung.

Persons: Doksuri, Meranti, Zhuang, Aya, Eloisa Lopez, Bernard Orr, Ryan Woo, Yimou Lee, Dominique Patton, Yuhan Lin, Kevin Huang, Ethan Wang, Michael Perry, Neil Fullick Organizations: Sunday, Philippine Coast Guard, REUTERS, Eloisa Lopez Social, Residents, Reuters, Thomson Locations: BEIJING, TAIPEI, China, Fujian, Quanzhou, Anhui, Beijing, Xiamen, Binangonan, Rizal province, Philippines, Jinjiang, Taiwan, Manila, Kaohsiung, Taipei, Shanghai

☆ Grain Prices Climb After Russia Strikes Ukrainian Terminal on Danube River
▼ + stars: | 2023-07-24 | by ( ) www.wsj.com time to read: 1 min

Grain prices rose after Russia attacked a Ukrainian terminal on the Danube river, intensifying a campaign to hobble a key source of revenue for Kyiv. Wheat futures in Chicago rose more than 4.5% to $7.30 a bushel. Corn added 3%. “It looks like Russia is really doubling down. This is definitely deteriorating,” said Alexis Ellender, an analyst at Kpler with a focus on dry bulk commodities.

Persons: ”, Alexis Ellender Locations: Russia, Ukrainian, Kyiv, Chicago

☆ Halliburton, Baker Hughes beats on profit as international demand offsets weak N.America
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +2 min

[1/2] The company logo of Halliburton oilfield services corporate offices is seen in Houston, Texas April 6, 2012. REUTERS/Richard Carson/File PhotoJuly 19 (Reuters) - Halliburton Co (HAL.N) and Baker Hughes (BKR.O) beat analysts' estimates for second-quarter profit on Wednesday on the back of strong demand for oilfield services internationally, even as domestic activity stumbled. Halliburton shares were down 2.1% in premarket trading at $37.30, while Baker Hughes' shares were down 3.5% at $33.98 as markets zoomed in on the first signs of weakness in North America. Halliburton, which gets nearly half its revenue from North America, said revenue from the region fell 2% to $2.7 billion, while that from international operations climbed 7% to $3.1 billion from first-quarter. Halliburton beat analysts' estimate by 2 cents at 77 cents per share for the three months ended June 30, while Baker Hughes topped estimates by 6 cents per share at 39 cents, according to Refinitiv data.

Persons: Richard Carson, Baker Hughes, Lorenzo Simonelli, Halliburton, Arathy Somasekhar, Arunima Kumar, Sourasis Bose, Sriraj Kalluvila Organizations: Halliburton, REUTERS, Thomson Locations: Houston , Texas, America, Ukraine, North America, Europe, Asia, Houston, Bengaluru

☆ Rothschild family buys 8.2 million shares of Paris-listed investment bank
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +1 min

July 6 (Reuters) - Concordia said on Thursday it had acquired all the shares it was permitted to acquire of Rothschild & Co (ROTH.PA), paving the way for the Rothschild family's holding company to open an offer to take the investment bank private. Concordia said it bought 8.18 million shares of Rothschild at 46.60 euros per share. The opening of an offer to delist the bank will take place following a clearance decision from the French market regulator AMF. The Rothschild family said in February it was seeking to take the bank private. The bank, led by Alexandre de Rothschild, said total group revenue over the first three months of 2023 fell to 606.2 million euros ($667.30 million) from 675.3 million euros in 2022.

Persons: Concordia, Rothschild, Alexandre de Rothschild, Chandni Shah, Juby Babu, Shailesh Organizations: Rothschild & Co, Rothschild, AMF, Thomson Locations: Bengaluru

In some ways, China and Japan are joined at the hip. As beggar-thy-neighbor foreign exchange depreciation pressures bubble up across Asia, the attraction of a weaker exchange rate grows. In terms of bilateral trade between China and Japan, the attraction is equally clear. China is Japan's largest trading partner, Japan is China's third-largest individual nation trading partner, and bilateral trade is worth around $370 billion annually. Remarkably, the yen has depreciated 25% against the yuan over the last three years, giving corporate Japan a substantial competitive advantage over China Inc.

Persons: Steven Englander, Brad Setser, Jamie McGeever Organizations: Reuters, U.S, Asian Development Bank, Standard Chartered, Finance, Bank for International, China Inc, of Foreign Relations, Thomson Locations: ORLANDO, Florida, Japan, China, Asia, East Asia, Beijing

With economic and monetary policy outlooks varying, currency moves are increasingly out of sync with each other. More pain is also anticipated for the yuan, trading near seven-month lows, as well as smaller Asian currencies. It's continuing to weaken against some European currencies and also Latin American currencies," he said. MULTI-LAYERED CRISISKit Juckes, head of FX strategy at Societe Generale, said the focus on monetary policy differences was also a result of uncertainties elsewhere. "We've got a one-in-a-100-years pandemic and once-in-75-years war and a-once-in-25-years energy crisis all thrown into the mix together," said SocGen's Juckes.

Persons: Yen, Pound, Jordan Rochester, Nomura, Lee Hardman, Hardman, Juckes, Morgan Stanley reckons, We've, SocGen's, You’ve, Dhara Ranasinghe, Alun John, John Stonestreet Organizations: The Bank of, European Central Bank, Reuters Graphics Rochester, Societe Generale, Bank of Japan, Thomson Locations: Europe, COVID, Ukraine, The Bank of Japan, United States, Beijing, Scandinavia

June 29 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The cold reality of 'higher for longer' interest rates that cooled investor sentiment on Wednesday will lend a cautious tone to Asian trading on Thursday, with investors also wary of potential action from Tokyo and Beijing on exchange rates. On the regional data front retail sales and consumer confidence from Japan and Australian retail sales take center stage, while investors with exposure to Vietnam will be paying close attention to second quarter GDP growth figures from Hanoi. Annual profits at China's industrial firms extended a double-digit decline in the first five months as softening demand squeezed margins. Here are key developments that could provide more direction to markets on Thursday:- Japan retail sales and consumer confidence (May)- Australia retail sales (May)- Vietnam GDP (Q2)By Jamie McGeever;Our Standards: The Thomson Reuters Trust Principles.

Persons: Jamie McGeever, Treasuries Organizations: Central, Wall, Apple, Thomson, Reuters Locations: Tokyo, Beijing, Japan, Vietnam, Hanoi, Sintra , Portugal, U.S, China, Australia

☆ How to watch Glastonbury 2023 live stream for free online from anywhere
▼ + stars: | 2023-06-23 | by ( Brendan Griffiths | Senior Commerce Director | ) www.businessinsider.com time to read: +4 min

If you're already in the UK, you can watch loads of Glastonbury across the BBC on broadcast TV. How to watch Glastonbury in the UKCoverage is spread across multiple BBC channels on TV throughout the weekend. How to watch Glastonbury live stream from anywhere for freeIf you try to live stream Glastonbury via the iPlayer from abroad, you'll find you're geo-blocked due to your location. So yes, before we get into my Wicker Man story…How to live stream Glastonbury with a VPNSign up for a VPN if you don't have one. Watch live and on-demand footage.

Persons: you'll, ExpressVPN, Elton John, Michael Eavis, I've, Carley Rae Jepsen, Maisie Peters, Sparks, Fred, Raye, Jacob Collier, Rick Astley, Tom Grennan, Lewis Capaldi, Lizzo, Boy Slim, Christine, Blondie, Yusuf, Cat Stevens, Becky Hill, Elton John BBC Organizations: Glastonbury, BBC, Young, Rick Astley BBC, Blondie BBC Locations: Glastonbury, Texas, Queens

☆ MLB roundup: Blake Snell helps Padres avoid sweep, dump Giants
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +7 min

He gave up six runs on four hits over 3 1/3 innings with four walks and two strikeouts. He allowed just one run on seven hits and struck out five while retiring seven of the final eight batters he faced. A's starter JP Sears (1-5) went seven innings for the second straight outing. The Marlins got a career-high 13 strikeouts in seven strong innings from starter Braxton Garrett, who left with a no-decision. The win went to Huascar Brazoban (2-1), and A.J.

Persons: Blake Snell, Sergio Estrada, Gary Sanchez, Manny Machado, Seong Kim, Sanchez, Snell, Alex Wood, Patrick Bailey, Byron Buxton, Joe Ryan, Jose Berrios, Berrios, Ryan, Buxton, Bryan Woo, Woo, Gleyber Torres, Anthony Rizzo, Isiah Kiner, Aaron Judge, Kolten Wong, Ty France, Teoscar Hernandez, Cal Raleigh, Domingo, Michael Harris II, Marcell Ozuna, Bryce Elder, Raisel Iglesias, Brandon Marsh, Alec Bohm, Tommy Henry, Riley Adams, Josh Bell, Myles Straw, Logan Allen, Nick Sandlin, JP, Garrett Cooper slugged, Braxton Garrett, Huascar Brazoban, Puk, Miami's Luis Arraez, Mitch Keller, Cooper's, Carmen Mlodzinski, Keller, Melendez, Yandy Diaz, Pete Fairbanks, Maikel Garcia, Aroldis Chapman, Scott Barlow, Randy Arozarena, Diaz, Shane McClanahan Organizations: San Diego Padres, San Francisco Giants, Oracle, USA, Padres, Giants, Red Sox, Twins, Chicago White Sox, Baltimore Orioles, Mariners, Yankees, Seattle, Cal, Braves, Phillies, Philadelphia, 10th, Diamondbacks, Washington, The Diamondbacks, Nationals, Athletics, Cleveland, Oakland, Guardians, JP Sears, Marlins, Pirates, Miami, New York Mets, Royals, Rays, Kansas City, Tampa, Thomson Locations: San Francisco , California, USA, Diego, Boston, Minneapolis, New York, Atlanta, Arizona, Pittsburgh, Tampa, St . Petersburg, Fla

June 21 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The one-year loan prime rate (LPR) was cut to 3.55% and the five-year LPR was cut to 4.20%. The yuan has been trading through 7.00 per dollar every day since May 18, and is now approaching 7.20/dollar. On the Chinese corporate front, investors are digesting the news of changes at the top of e-commerce giant Alibaba Group (9988.HK). The main global event for markets on Wednesday is likely to be Fed Chair Powell's semi-annual testimony to the House Financial Affairs Committee.

Persons: Jamie McGeever, Jerome Powell, Kazuo Ueda, weren't, Daniel Zhang, Eddie Yongming Wu, Joseph Tsai, Deepa Babington Organizations: Federal, Bank of, The Bank of Japan, People's Bank of China, Investors, Alibaba, HK, House Financial, Committee, Thomson, Reuters Locations: Asia, Japan

☆ Gold set for weekly dip on prospects of more rate hikes
▼ + stars: | 2023-06-16 | by ( ) www.cnbc.com time to read: +2 min

A one kilo Swiss gold bar and US dollars gold coins are pictured in Paris on February 20, 2020. Gold prices eased on Friday and were headed for a slight weekly fall as traders weighed recent U.S. economic data and hawkish signals from the Federal Reserve on further monetary tightening. "Gold is struggling to move higher because the Fed's message on inflation and interest rates still remains hawkish. So, it's sort of removing the incentive to buy gold because there are more interest rate increases on the horizon," said Edward Meir, a metals analyst at Marex. While gold is considered a safe haven during economic uncertainties, higher interest rates dull the appeal for zero-yield bullion.

Persons: Edward Meir, Meir Organizations: Federal Reserve, Traders, The Bank of Japan Locations: Paris

☆ 10 US cities where real-estate investors can get the best bang for their bucks in lower home prices relative to higher rents charged, and 10 with the worst returns, according to a research firm
▼ + stars: | 2023-06-03 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

Agent Advice found 10 cities that yield a high return with home values below the national median. A shortage of new listings is helping to steady property prices as elevated interest rates present affordability challenges for buyers." Cities with the best returns on investmentA recent study by Agent Advice analyzed home values and typical rent prices across US cities. He added that the top ten cities for the best ROI have a typical housing value far below the national average. And as many as seven of the ten have a typical housing value less than 50% of the national average.

Persons: Chris Heller, Victor Whitmore, Whitmore, Travis Hanson, Thomas Harr, Harr, Heller, Jackson Organizations: Investors, Trading Economics, Columbus, Dothan, Sumter Locations: Tulsa , Oklahoma, Lubbock , Texas, Columbus , Ohio, Cities, Houma, LA, Johnstown, Beckley, WV, Decatur, IL, Shreveport, Peoria, SC, Texarkana, TX, TN

☆ 5 trillion-dollar companies — including Nvidia, Apple, and Amazon — have been behind most of the S&P 500's 10% gains this year
▼ + stars: | 2023-05-31 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

Collectively, the five companies have raised their market cap by about $2.9 trillion in 2023 — contributing 96% of the almost $3 trillion gains in the S&P 500's market value this year, Fortune reported on Wednesday. Read further to know the five bigwigs' market capitalization — or marcap — gains this year, in descending order:1. Apple: $718 billion in marcap gainsThe world's largest company by market cap, Apple shares ended 2022 at $129.93 apiece. On Tuesday, the chipmaker's market cap briefly hit the coveted $1 trillion mark for the first time. This takes Amazon's market cap to $1.25 trillion — up from $857 billion at the end of 2022.

Persons: Fortune, Insider's Zahra Tayeb, Mohamed El, Read, Tim Cook, Cook, CNBC's Steve Kovach, Bing, Jensen Huang, Huang, Sundar Pichai, Pichai, Andy Jassy Organizations: Apple, Microsoft, Nvidia, Nasdaq, Allianz, Big Tech, CNBC, Wall, OpenAI, Bloomberg, Amazon Locations: California, Nvidia's

☆ These 4 stocks are on Goldman's 'conviction buy' list — and it gives one 115% upside
▼ + stars: | 2023-05-22 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

A look at Goldman Sachs' "conviction buy" stocks this year reveals some names with serious upside potential. The bank gave Sensata a price target of $60, or around 43% potential upside from its current level. ASML Goldman named Dutch semiconductor firm ASML in its screen of "long-term quality compounders" earlier this year. Goldman gave the U.S.-listed shares of Alibaba a 12-month price target of $136, or potential upside of 58%. Goldman gave the stock a price target of 37.30 euros ($40.20), or nearly 115% potential upside.

"A longer timeframe shows that foreign investors have been net sellers of Japanese equities by a considerable margin. We think long-term investors remain lightly positioned," they wrote last week in a note "Upside risks in Japanese equities". Non-residents sold nearly $4 billion of Chinese stocks in April, according to the Institute of International Finance, the first outflow in six months. Bank of America's monthly fund manager surveys show that "long" Chinese equities was the most crowded global trade in January. That has been scaled back significantly and investors have reduced their net overweight position in Chinese stocks, but they are still comfortably net overweight.

☆ US stocks move higher, dollar gains as debt limit talks inch forward
▼ + stars: | 2023-05-17 | by ( Stephen Culp | ) www.reuters.com time to read: +3 min

[1/2] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 15, 2023. REUTERS/StaffSINGAPORE, May 17 (Reuters) - Wall Street was modestly higher on Wednesday and the dollar advanced as regional banks surged and negotiations in Washington over raising the debt ceiling inched forward. Debt ceiling negotiations preoccupied market participants, who took heart from Republican House of Representatives Speaker Kevin McCarthy's vow to avoid what would be a catastrophic default. The dollar gained ground against a basket of world currencies, the greenback benefiting from its safe-haven status as debt ceiling talks grind on. The dollar index rose 0.4%, with the euro down 0.31% to $1.0827.

Search resuls for: "7.30"

25 mentions found