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Within Europe, Goldman prefers companies in value sectors that pay dividends , as well as select defensive and growth stocks in the market. Emerging markets Several Wall Street analysts are putting their money on emerging markets, with most bullish on China, the world's second-largest economy. While the bank expects just 1% earnings growth for emerging market stocks, it said the sector's valuation looks attractive at a 23% discount to global peers. Philip Blancato, CEO at Ladenburg Thalmann Asset Management, is also bullish on emerging markets. He added that the case for adding to emerging market allocations is growing, particularly given the "near guarantee" of a softer dollar in the short- to medium-term.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere may one more Fed interest rate hike in May, strategist saysDwyfor Evans of State Street Global Markets, says, however, that "we shouldn't expect policy to adjust lower anytime soon towards a more accommodative stance."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEmerging markets are the safest way for retail investors to play the risk-on rally, strategist saysEmerging market fundamentals have changed significantly, says Michael Metcalfe, head of macro strategy at State Street Global Markets, and this could present an investing opportunity.
SINGAPORE, Dec 29 (Reuters) - Asian equities weakened slightly on Thursday as soaring COVID cases in China unsettled investors and cast doubt over chances of a swift recovery for the world's second biggest economy after the relaxation of stringent COVID curbs. Around half the passengers on two flights from China to Milan's main airport, Malpensa, tested positive for COVID on Wednesday. China shares (.SSEC) fell 0.3%, while Hong Kong's stock market (.HSI) slid 1%. State Street's Investor Confidence Index, which analyses buying and selling patterns of institutional investors, fell to 75.9 in December, the lowest since the pandemic began three years ago. The yield on 10-year Treasury notes was down 2.2 basis points to 3.864%, not far off six-week high of 3.89%.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChinese stocks will surprise on the upside in 2023: State Street Global MarketsDaniel Gerard from State Street Global Markets says China's easing of Covid restrictions will spur the markets in 2023 and has secondary impact on global markets as well.
Dwyfor Evans said, "the worst is over as far as inflation is concerned… and the tightening of policy by the Fed is priced in." We think we're moving towards an environment that is actually going to be more supportive for some of the higher-beta currencies." "Inflation in the US is actually falling quite sharply on a short-term basis in various sorts of sectors," he said. "The tightening of policy by the Fed is actually priced in," he said. Read more: Larry Summers doesn't see US interest rates topping 5% as the Fed juggles the 'two-sided risk' of inflation and slowdown
Asian stocks shaken by blast in Poland, dollar gains
  + stars: | 2022-11-16 | by ( Xie Yu | ) www.reuters.com   time to read: +2 min
HONG KONG, Nov 16 (Reuters) - Asian stocks dropped and the dollar gained on Wednesday after blasts in Poland that Ukraine and Polish authorities said were caused by Russian-made missiles. The potential for a further ratcheting up of geopolitical tensions saw MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) lose 0.6%. Australian shares (.AXJO) fell 0.5%, while Japan's Nikkei stock index (.N225) dropped 0.76%. NATO member Poland said on Wednesday that a Russian-made rocket killed two people in eastern Poland near Ukraine, and it summoned Russia's ambassador to Warsaw for an explanation after Moscow denied it was responsible. read moreThe dollar rose against major peers, led by a 0.3% advance versus the yen .
Runaway dollar pauses for breath as bears stalk stocks
  + stars: | 2022-09-27 | by ( Xie Yu | ) www.reuters.com   time to read: +3 min
Pound and U.S. dollar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/IllustrationHONG KONG, Sept 27 (Reuters) - Asian markets attempted to stabilise on Tuesday after a wild few days of stumbling stocks, crumbling bonds, a plunging pound and soaring dollar, with the dollar easing a bit and stocks flat. S&P 500 futures rose 0.7%, and MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.1%. After two weeks of mostly steady losses on the U.S. stock market, the Dow Jones Industrial Average (.DJI) confirmed on Monday that it was in a bear market, tracing its start to declines in early January. The dollar index on Tuesday eased 0.1% to 113.8, after earlier touching 114.58, its strongest against a basket of peer currencies since May 2002.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChinese yuan has held up 'relatively well' against basket of currencies in Asia, says strategistDwyfor Evans of State Street Global Markets says it's a "very stable" currency relative to the basket, and that "what's moved is everything bilaterally against the dollar."
State Street: We're still avoiding Hong Kong stocks
  + stars: | 2019-12-10 | 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 EmailState Street: We're still avoiding Hong Kong stocksBen Luk of State Street Global Markets says Hong Kong's market is undervalued and under owned, but there are "a lot more opportunities" such as in the South Korean market.
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