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☆ Asian stocks draw highest monthly foreign inflows in two years
▼ + stars: | 2022-12-06 | by ( Gaurav Dogra | ) www.reuters.com time to read: +2 min

Dec 6 (Reuters) - Foreign net monthly inflows into Asian equities hit a two-year high in November on hopes that the U.S. Federal Reserve could cut the pace of its interest rate hikes. The MSCI Asia Pacific index (.MIAP00000PUS) surged 14.8% last month, its biggest monthly gain in about 24 years, after being hit by aggressive rate hikes by the Federal Reserve earlier this year. Taiwanese equities attracted $6.06 billion in foreign inflows last month, the biggest amount since 2008, while India and South Korea received $4.43 billion and $3.04 billion, respectively. Analysts are also optimistic about flows into emerging Asian markets as the dollar has dropped sharply in recent weeks. "The US dollar index remains locked in a downward bias, which could continue to provide a supportive environment for foreign inflows into Asian equities towards year-end," said Yeap Jun Rong, a market strategist at IG.

☆ European markets set to open lower as investors await U.S. payrolls data
▼ + stars: | 2022-12-02 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

European markets were poised to open lower on Friday as investors closely monitored news from China over its zero-Covid policy and looked ahead to U.S. non-farm payrolls data. Britain's FTSE 100 index, France's CAC and Germany's DAX were all forecast to open slightly lower, according to data from IG. Stocks in Japan led losses, with the Nikkei 225 last seen 1.6% lower and the Topix falling 1.6%. Stateside, S&P 500 futures were slightly lower as market participants looked ahead to the November jobs report. Economic data including the Labor Department's report on non-farm payrolls, the unemployment rate and hourly wages are due at 8:30 a.m.

☆ Hong Kong's Hang Seng had its best month since 1998, but remains in bear market territory
▼ + stars: | 2022-12-02 | by ( Jihye Lee | ) www.cnbc.com time to read: +3 min

Strategists at Goldman Sachs said from February 2021 to October 2022, the Hang Seng index saw a "systemic correction," which the firm defines as a fall of 40% or more. Next key levelsAnalysts at Weiss Multi-Strategy Advisers said, "November may, in hindsight, be viewed as a key turning point for Chinese equities," noting the Hang Seng China Enterprise index and the property sector saw significant gains. After its November gains, the Hang Seng index hovered around 18,600 – a level of resistance according to market watchers. "With the 18,600 level of resistance being overcome for the Hang Seng Index, that could seem to place the key psychological 20,000 level on watch," IG market strategist Yeap Jun Rong said in a Thursday note. The HSI last fell below the 20,000 level in August, and analysts expect to see a continued rebound in the equity market on further signs that the nation will shift away from zero-Covid.

☆ Germans spending less as soaring power, food costs gnaw finances
▼ + stars: | 2022-12-01 | by ( Mathis Richtmann | ) www.reuters.com time to read: +8 min

REUTERS/Thomas PeterSummary Germans consuming less as inflation bitesMore worried about personal finances than FrenchState support arriving, but will it work? But this year he took the dish off the menu because rising costs all along the supply chain would have doubled its price compared to last year. That would be beyond the budgets of Germans looking to cut back on non-essentials amid a cost of living crisis fuelled by rising energy prices. At some point in 2023, he and hundreds of thousands of others will receive a bill for his 2022 heating to recover additional costs from rising prices. Discount retailer Primark said in November it was looking to reduce its presence in Germany as it grappled with weak sales and rising costs.

☆ Reaction to expert panel report on South Africa's Ramaphosa
▼ + stars: | 2022-12-01 | by ( ) www.reuters.com time to read: +3 min

[1/2] Nkosazana Dlamini-Zuma, former minister and chairwoman of the African Union Commission, attends the 54th National Conference of the ruling African National Congress (ANC) at the Nasrec Expo Centre in Johannesburg, South Africa December 17, 2017. REUTERS/Siphiwe SibekoJOHANNESBURG, Dec 1 (Reuters) - Cyril Ramaphosa's future as South African president was in question on Thursday, a day after a panel report found preliminary evidence he may have committed serious misconduct. "We need to look at the report, study its implications very carefully, follow the parliamentary processes and allow matters to take their course." NKOSAZANA DLAMINI-ZUMA, EX-WIFE OF FORMER PRESIDENT JACOB ZUMA"I think the president has to step aside now and answer to the case." JOHN STEENHUISEN, LEADER OF MAIN OPPOSITION PARTY, THE LIBERAL DEMOCRATIC ALLIANCE (DA)"The report is clear and unambiguous.

☆ Chinese stocks rally after the country's top pandemic official signals a softening of the country's draconian Covid-zero stance
▼ + stars: | 2022-12-01 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Vice Premier Sun Chunlan said China's pandemic is at a "new stage" that comes with new tasks. Sun's words carry weight as she's the face of China's hardline Covid-zero approach. Hong Kong and Chinese stocks are higher on optimism China is eyeing an exit from a Covid-zero policy. Sun's softening on China's draconian Covid-zero stance carries weight because she's seen as the face of the hardline approach. As the world's second-largest economy after the US, China has been under pressure from pandemic restrictions that are into their third year.

☆ Investors should focus on stocks with earnings resiliency, says Morgan Stanley's Sherry Paul
▼ + stars: | 2022-11-30 | 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 EmailInvestors should focus on stocks with earnings resiliency, says Morgan Stanley's Sherry PaulJJ Kinahan, IG North America CEO, and Sherry Paul, senior portfolio manager director at Morgan Stanley Private Wealth Management, join CNBC's 'Squawk Box' to break down their investment strategies ahead of the market open.

☆ FTSE 100 slips as China COVID protests rattle markets
▼ + stars: | 2022-11-28 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

SummarySummary Companies China protests drag global markets lowerEnergy, miners slip on lower commodity pricesReal estate down after dour dataFTSE 100 down 0.7%, FTSE 250 off 0.9%Nov 28 (Reuters) - London's FTSE 100 slipped on Monday, with energy and mining stocks leading broad-based losses, as investors globally fretted over China's economic outlook following rare protests in the country against its strict COVID-19 restrictions. The blue-chip FTSE 100 (.FTSE) shed 0.7%, following two weekly gains that lifted the index to its highest levels in more than two months. Energy stocks were the biggest drags in the FTSE 100, with oil majors BP (BP.L) and Shell (SHEL.L) down around 1.5% each. Commodity prices dipped on worries about demand from top consumer China where protests against strict COVID-19 restrictions flared up. "It's a very hard thing to price, even the markets are not used to seeing demonstrations in China," said Chris Beauchamp, chief market analyst at IG Group.

☆ Gold dips as dollar gains on China Covid risks
▼ + stars: | 2022-11-28 | by ( ) www.cnbc.com time to read: +2 min

One kilo gold bars are pictured at the plant of gold and silver refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. Gold prices slipped on Monday, as the dollar strengthened on safe-haven demand triggered by protests in several Chinese cities over the country's strict Covid-19 restrictions. "Gold prices have been tracking the U.S. dollar's moves closely, and increased uncertainty from the growing unrest in China seems to be underpinning the dollar this morning," said IG market strategist Yeap Jun Rong. People may be shifting to defensive assets considering the Covid situation in China, but the dollar's gains are currently overshadowing gold's safe-haven status, Yeap said. Spot silver slipped 1.8% to $21.21, platinum fell 0.3% to $978.00 and palladium declined 0.3% to $1,846.94.

☆ Gold dips as dollar gains on China COVID risks
▼ + stars: | 2022-11-28 | by ( Ashitha Shivaprasad | ) www.reuters.com time to read: +2 min

SummarySummary Companies Dollar index up 0.4%Powell's speech on Wednesday awaitedNov 28 (Reuters) - Gold prices slipped on Monday, as the dollar strengthened on safe-haven demand triggered by protests in several Chinese cities over the country's strict COVID-19 restrictions. Spot gold was down 0.4% at $1,749.00 per ounce, as of 0314 GMT. The dollar index was up 0.4%, making the greenback-priced bullion more expensive for buyers holding other currencies. "Gold prices have been tracking the U.S. dollar's moves closely, and increased uncertainty from the growing unrest in China seems to be underpinning the dollar this morning," said IG market strategist Yeap Jun Rong. People may be shifting to defensive assets considering the COVID situation in China, but the dollar's gains are currently overshadowing gold's safe-haven status, Yeap said.

FRANKFURT, Nov 23 (Reuters) - German metalworking union IG Metall said on Wednesday it agreed a wage deal with Volkswagen (VOWG_p.DE) for the carmaker's western German factories. The trade union said a news conference on the agreement would be held at 0800 GMT in the northern city of Hanover. IG Metall, which is Germany's largest trade union, in July demanded an 8% wage increase for around 125,000 workers at six German VW plants as well as at subsidiaries including Financial Services. In a separate deal that set the benchmark for 3.9 million metal and electrical sector workers across Germany, IG Metall, this month agreed a below-inflation pay hike in a deal that pointed to containable wage pressures in the broader euro zone. Under the agreement with employers at the time, workers' pay will increase by 5.2% from June 2023 and 3.3% from May 2024.

☆ Bank of America shares one area of the bond market set to deliver 13% returns in 2023 — and lays out the drivers of its 'big reversal'
▼ + stars: | 2022-11-17 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

In a note to clients on Monday, Seliger said investment-grade corporate credit in particular is in for a big year. Investment-grade corporate bonds are those rated Baa by Moody's and BBB by S&P and Fitch because they're deemed to have low default risk. "This base case scenario implies a +12.9% total return and +379bps excess return for IG corporate bonds in 2023. Bank of AmericaBank of America's November survey of bond investors showed that both high yield bond investors and investment-grade bond investors expect BBB-rated bonds to outperform most relative to Treasurys in 2023. The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) and the Vanguard Intermediate-Term Corporate Bond ETF (VCIT) are two ways to gain exposure to investment-grade corporate bonds.

☆ Reactions to Trump announcing 2024 White House bid
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +5 min

SINGAPORE, Nov 16 (Reuters) - Donald Trump's aides filed paperwork for his 2024 White House bid on Tuesday as the former president launched a run to regain the title, aiming to pre-empt potential Republican rivals. Republicans are meanwhile closing in on the 218 seats they need to take a majority in the 435-seat House of Representatives. COMMENTS:ANTHONY SCARAMUCCI, FOUNDER, SKYBRIDGE CAPITAL, SINGAPORE (FORMER WHITE HOUSE COMMUNICATIONS DIRECTOR)"You know how you have a zombie that you can’t kill, like in the Night of the Walking Dead? If any one of those other candidates can present themselves with some of the Trump messaging without the Trump drama, there might be opportunities." Neil Young said 'it's better to burn out than fade away'...feels like Trump will go down this time with little glory."

☆ Inflation will come down hard next year, says Federated Hermes' Linda Duessel
▼ + stars: | 2022-11-14 | 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 EmailInflation will come down hard next year, says Federated Hermes' Linda DuesselLinda Duessel, senior equity strategist at Federated Hermes, and JJ Kinahan, IG North America CEO, join CNBC's 'Squawk Box' to discuss markets and their inflation forecasts ahead of the open.

☆ Captain Sully and Whoopi Goldberg are among the latest celebrities announcing they quit Twitter after Elon Musk takeover
▼ + stars: | 2022-11-13 | by ( Beatrice Nolan | Jordan Hart | ) www.businessinsider.com time to read: +6 min

Multiple celebrities say they have quit Twitter in the wake of Elon Musk's takeover. Now, some celebrities are making good on their threats to quit Twitter. Téa LeoniThe actress best known for her role in "'Madam Secretary" has also seemingly deleted her Twitter account. Gigi HadidThe fashion model took to Instagram to condemn Twitter, especially under Musk's leadership, announced she'd be deactivating her account. "I deactivated my Twitter account today.

☆ Germany's IG Metall union calls for further strikes on Monday
▼ + stars: | 2022-11-13 | by ( ) www.reuters.com time to read: 1 min

FRANKFURT, Nov 13 (Reuters) - Germany's IG Metall union on Sunday called for new strikes on Monday in its ongoing wage dispute. The so-called warning strikes will take place at targeted locations in the states of Hesse, Thuringia and Rhineland-Palatinate, the union said. The union, which represents metal and electric industry workers, have called for an 8% pay increase. Reporting by Tom Sims;Editing by Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.

☆ A social-media coach booking 6 figures in annual revenue shares 5 ways entrepreneurs can organically grow their followiners and increase income
▼ + stars: | 2022-11-11 | by ( Alexandra York | ) www.businessinsider.com time to read: +7 min

Entrepreneurs should focus on sharing a media mix including static, carousel, and video content. When the firm went under, Brulhart sought a new job that combined her passions for social media, public relations, and global growth. Her company offers services like one-on-one coaching calls and courses that help small-business owners grow their social-media followings organically, without using any paid advertisements. As social media continues to be a lucrative business opportunity, Brulhart has no shortage of clients looking to build their profiles. Small-business owners that lack large budgets for marketing can still emerge successful by focusing on engaging social media campaigns, Brulhart added.

☆ AOC says Elon Musk's changes to Twitter's blue check feature are 'ripe for targeted harassment'
▼ + stars: | 2022-11-10 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Rep. Alexandria Ocasio-Cortez warned Elon Musk's changes to Twitter Blue could lead to "targeted harassment." Users who pay a monthly fee will appear in a separate tab in other users' notifications page. The "verified" tab has historically helped verified users filter out spam. The "verified" tab in the Twitter notifications page has long been a feature for verified users. The current version of Twitter Blue only has access to limited features, with plans to roll out more soon.

☆ Wall Street awaits midterm vote tallies
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +6 min

Republicans were favored to win control of the House of Representatives and possibly the Senate, polls and betting markets showed earlier, though it may be hours before all vote tallies are known. read moreCOMMENTS:CHARU CHANANA, MARKET STRATEGIST, SAXO MARKETS, SINGAPORE"The race seems to be closer than expected, especially for the Senate. "That said, if the Republicans take the Senate along with the House that provides a pro-business backdrop for the market." "A Republican win will in generally be positive for equities, but inflationary risk is unlikely to be mitigated nor accelerated." IPEK OZKARDESKAYA, SENIOR ANALYST, SWISSQUOTE BANK"From an investor point of view, a Republican win in both chambers is a good outcome for the stocks.

☆ 2 Wall Street awaits midterm vote tallies in upbeat mood
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +2 min

Wall Street ended higher on Tuesday during voting in midterm elections that will determine control of the U.S. Congress, with investors betting on a political stalemate that could prevent major policy changes. Republicans are favored to win control of the House of Representatives and possibly the Senate, polls and betting markets show, though it may be hours before all vote tallies are known. BROOKS RITCHEY, CO-CIO, K2 ADVISORS"If we get a split Congress, we might have to adjust our portfolios to be less defensive than we are today." JACK ABLIN, CHIEF INVESTMENT OFFICER, CRESSET CAPITAL, CHICAGO"I think the markets are rallying at the prospect of gridlock." Compiled by the Global Finance & Markets Breaking News teamOur Standards: The Thomson Reuters Trust Principles.

☆ 3 Wall Street awaits midterm vote tallies in upbeat mood
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +3 min

The S&P 500 (.SPX) rose 0.56% on Tuesday during voting that will determine control of the U.S. Congress, with investors betting on a political stalemate that could prevent major policy changes. Republicans are favored to win control of the House of Representatives and possibly the Senate, polls and betting markets show, though it may be hours before all vote tallies are known. BROOKS RITCHEY, CO-CIO, K2 ADVISORS"If we get a split Congress, we might have to adjust our portfolios to be less defensive than we are today." JACK ABLIN, CHIEF INVESTMENT OFFICER, CRESSET CAPITAL, CHICAGO"I think the markets are rallying at the prospect of gridlock." Compiled by the Global Finance & Markets Breaking News teamOur Standards: The Thomson Reuters Trust Principles.

☆ Read the 3-page media kit an Instagram nano influencer used to land deals with brands like Garnier and Burger King
▼ + stars: | 2022-11-04 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +6 min

This is the 3-page media kit she created to pitch brands and land paid collaborations. 22-year-old Jour'dan Haynes started consistently posting on Instagram three years ago after seeing how popular her Snapchat stories were. After a few months, she realized that she needed a media kit for brands to take her seriously. "The media kit is the first step, but the call really helps with the pitch," she said. CONTACTIG: @theyallknowjojoEmail: jojotalksalot192261@gmail.comIn addition to metrics, Haynes includes details about who she isPage 2 of Jour'dan Haynes' media kit Jour'dan HaynesThis page reads:5,900 Instagram followers@theyallknowjojo+100 daily visits+100K daily impressions58% women+5K engagementWHO IS JOUR'DAN?

☆ Reba McEntire postpones concerts due to doctor-ordered ‘vocal rest’
▼ + stars: | 2022-11-03 | by ( Dan Heching | ) edition.cnn.com time to read: +1 min

CNN —Reba McEntire is taking some time to take care of her voice as she continues to tour throughout the US this fall. McEntire will perform the rescheduled concerts in Columbus, Ohio; Raleigh, North Carolina and Indianapolis on December 2, December 3 and December 16, respectively. “Thank you for understanding!” McEntire wrote in her IG post. As of now, the singer and actress is still slated to perform at the Country Music Awards next week, scheduled for Wednesday, November 9. On the acting front, McEntire is currently appearing of the third season of David E. Kelley’s mystery series “Big Sky” on ABC.

☆ Powell says Fed officials recommitted to meeting new ethics standards
▼ + stars: | 2022-11-02 | by ( Michael S. Derby | ) www.reuters.com time to read: +4 min

NEW YORK, Nov 2 (Reuters) - Federal Reserve Chair Jerome Powell acknowledged on Wednesday the U.S. central bank's latest ethics stumbles and said it was working hard to make sure it meets its new, very stringent standards. "The public's trust is really the Fed's, and any central bank's, most important asset," Powell said at a news conference after the end of the central bank's latest policy meeting. Citing the new ethics standards imposed on policymakers earlier this year, Powell said "anytime one of us, one of the policymakers, violates or falls short of those rules, we do risk undermining that trust." Powell spoke in the wake of the latest developments in a controversy that's dogged the Fed for little over a year now. Reporting by Michael S. Derby; Editing by Leslie Adler and Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

☆ A year after trading scandal, Fed is again under ethics spotlight
▼ + stars: | 2022-11-01 | by ( Michael S. Derby | ) www.reuters.com time to read: +6 min

At the same time, an in-house Inspector General (IG) investigation into the regional Fed trading activities still hasn't been released and it's unclear when it will be. Unresolved in that process are publicly available disclosures for top staff at regional Fed banks. Right now, only disclosures for the Fed chief, members of the Fed's Board of Governors, top central bank staff and regional bank presidents are available. Given the quasi-private nature of the 12 regional Fed banks, there's no formal mechanism to compel those institutions to release this information. The Fed faced some criticism last year for failing to identify the financial trading activity that ensnared the regional bank presidents.

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