Recent Posts

European stocks gain as Technology rout fades

Bloomberg Technology companies led a bounce in European stocks as a global selloff that started in the sector last week showed signs of abating. The pound managed to advance as Theresa May survived a showdown with rank-and-file lawmakers and sought to prop up her minority government. Almost every industry group in the Stoxx Europe 100 Index traded in the green, ...

Read More »

Evergrande bond rally puts lingering leverage worry in focus

Bloomberg A rally in bonds of China’s most-indebted developer has some analysts warning that steps to cut borrowings have yet to bring leverage down to healthy levels. China Evergrande Group said that it has agreed to sell its stake in China Vanke Co. for 29.2 billion yuan ($4.3 billion), freeing up cash as it cuts its debt load. That came ...

Read More »

Central banks in Asia to rebuild $6trn defense as Fed hike looms

Bloomberg Asia’s central banks are stacking the sandbags. Foreign-exchange reserves are being rebuilt as monetary authorities brace for the Federal Reserve’s third rate hike in six months. While the expected move has been well telegraphed, prolonged periods of Fed tightening can cause jitters for emerging markets. Asia was slammed in 2013 when then-Fed Chairman Ben Bernanke’s hint of an end ...

Read More »
Send this to a friend