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☆ The market is getting 'a bit more concerned about the growth outlook,' investment manager says
▼ + stars: | 2024-09-16 | 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 EmailThe market is getting 'a bit more concerned about the growth outlook,' investment manager saysThe market is becoming more aware of the potential for a 'growth scare' while waiting on the Fed's interest rate decisions for the coming year, Hani Redha, multi-asset portfolio manager at PineBridge Investments, told CNBC.

Persons: Hani Redha Organizations: PineBridge Investments, CNBC

☆ Bank of America strategist says it's time to get bearish
▼ + stars: | 2024-07-22 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

As stocks pull back from all-time highs, a top Bank of America strategist warned investors to be cautious, citing a series of economic indicators that have historically signaled the end of a rally. "Historically, whenever the unemployment rate has started to rise, it has never gone down again. The unemployment rate unexpectedly climbed to 4.1% in June , tied for the highest level since October 2021. The strategist added that such conditions typically lead to higher risk premiums and lower asset prices, especially given the current elevated market levels. The Bank of America strategist also expressed concern about consumer confidence, which he described as "collapsing."

Persons: Sebastian Raedler, Raedler, Hani Redha, Redha, Peter Lynch Organizations: Bank of America, . Treasury, University of Michigan, Pine, Investments Locations: U.S

☆ Bull vs. bear: What to expect from the U.S. economy and the stock market?
▼ + stars: | 2024-07-17 | 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 EmailBull vs. bear: What to expect from the U.S. economy and the stock market? Sebastian Raedler, equity strategist at Bank of America, debates with Hani Redha, portfolio manager at PineBridge Investments, on where the U.S. economy is heading and how the stock market might perform in the near future.

Persons: Sebastian Raedler, Hani Redha Organizations: Bank of America, PineBridge Investments Locations: U.S

☆ Next week's CPI numbers likely to stay in the same 'problematic area': Portfolio manager
▼ + stars: | 2024-05-10 | 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 EmailNext week's CPI numbers likely to stay in the same 'problematic area': Portfolio managerHani Redha, global multi-asset portfolio manager at Pinebridge Investments, says, however, that "the forward-looking indicators that we watch all seem to be indicating a moderation of both growth and inflation from here."

Persons: Hani Redha Organizations: Pinebridge Investments

☆ Growth and inflation are reaccelerating following Fed 'policy error': Portfolio manager
▼ + stars: | 2024-04-29 | 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 EmailGrowth and inflation are reaccelerating following Fed 'policy error': Portfolio managerHani Redha, global multi-asset portfolio manager at PineBridge Investments, discusses the outlook for the U.S. economy and inflation.

Persons: Hani Redha Organizations: PineBridge Investments Locations: U.S

☆ Macro backdrop is a 'sweet spot' for risk assets, portfolio manager says
▼ + stars: | 2024-03-25 | 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 EmailMacro backdrop is a 'sweet spot' for risk assets, portfolio manager saysHani Redha, global multi-asset portfolio manager at Pinebridge Investments, says now's the time to be "focused on areas where you can find attractive earnings growth."

Persons: Hani Redha Organizations: Pinebridge Investments

☆ Bank of Japan's tweak signals a 'significant' shift toward normalization, portfolio manager says
▼ + stars: | 2023-07-31 | 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 EmailBank of Japan's tweak signals a 'significant' shift toward normalization, portfolio manager saysHani Redha, global multi-asset portfolio manager at PineBridge Investments, says it's a move that's unlikely to be reversed "given the backdrop of inflation at the global level."

Persons: Hani Redha, it's Organizations: Email Bank, PineBridge Investments

☆ 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

[1/2] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 26, 2023. Asian shares received a boost from Chinese Premier Li Qiang saying Beijing will roll out policies to boost China's economy. But the positive market sentiment faded in early European trading, with the pan-European STOXX 600 down 0.4% by 1149 GMT (.STOXX). MSCI's Europe index (.MSER) was down 0.1%, London's FTSE 100 lost 0.3% and Germany's DAX declined 0.1% (.GDAXI). It hit a seven-month high against China's yuan as investors braced for the possibility of China doing more to support the currency.

Persons: Li Qiang, Germany's DAX, Hani Redha, Christine Lagarde, Analysts, Wagner, Vladimir Putin's, Michael Hewson, Shunichi Suzuki, Elizabeth Howcroft, Ed Osmond, Mark Heinrich Our Organizations: REUTERS, Staff LONDON, PineBridge Investments, U.S . Federal Reserve, Nasdaq, Monetary, European Central Bank, Wagner Group, CMC Markets, U.S, ECB, U.S ., Finance, Thomson Locations: Frankfurt, Germany, Europe, United States, Beijing, Russia, U.S, China

It overtook Europe's STOXX 600 (.STOXX), which is up 9%, in late May for the first time this year. In dollar terms, the STOXX 600 (.STOXXD) is still lagging, having gained 11.3% in 2023, while the euro is up 1.1%. "Relative to the U.S., European equities are looking less interesting and attractive," said Bernie Ahkong, co-chief investment officer at fund manager UBS O'Connor Global Multi-strategy Alpha. The euro zone economy was in technical recession in the first quarter, data from European statistics agency Eurostat showed last week. "But Europe looks even more unattractive than the U.S., because the temporary good data from Europe is really going to turn."

Persons: Europe's, Bernie Ahkong, UBS O'Connor, Ahkong, Geoffroy Goenen, Candriam, Graham Secker, Morgan Stanley, Hani Redha, Alex Richardson Organizations: UBS, UBS O'Connor Global, Alpha, U.S, Bank of America's, Eurostat, Barclays, Thomson Locations: U.S, Europe, China, PineBridge, United States

☆ Analysis: Boom in European bank earnings hints at a rally with legs
▼ + stars: | 2023-02-23 | by ( Joice Alves | ) www.reuters.com time to read: +5 min

The euro zone is expected to stagnate rather than contract, while cost of borrowing is still rising. The European Central Bank's campaign to raise interest rates as it fights to bring inflation back to its 2% target has been a boon for euro zone lenders. In the meantime, euro zone lenders' earnings per share (EPS) have surged to their highest since the global financial crisis in 2008. In the United State, where the rate cycle is more advanced, there's less potential for earnings upgrades at this point, she said. Earnings euro zone banks($1 = 0.9408 euros)Reporting by Joice Alves and additional reporting by Samuel Indyk in London; editing by Amanda Cooper and Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

Global stocks rallied and the dollar dropped. 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. 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. Emerging market stocks (.MSCIEF) were up 2.4% on the day, and have risen by more than 20% since their October lows.

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.

☆ 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.

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