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S&P cuts Hungary’s outlook to negative

Bloomberg Hungary’s outlook was revised to negative from stable by Standard & Poor’s Global Ratings as the nation tackles the fallout from war in neighbouring Ukraine and government wrangles with the European Union over billions of euros in funding. The country’s credit grade was maintained at BBB, the second-lowest investment grade, S&P said in a statement. That matches the level ...

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Chinese bonds rally as rate cut reinforces split with Treasuries

Bloomberg China’s sovereign bonds are back on the menu for foreign investors. The nation’s debt rallied on Monday after the central bank unexpectedly cut interest rates, with the 10-year yield dropping to the lowest level in more than two years. The surprise easing move underscores how the nation’s bond market offers investors an asset class that’s uncorrelated to Treasuries and ...

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Nikkei 225 index outperforms peers, erases its 2022 loss

  Bloomberg In what has been an annus horribilis for most developed-market equities, Japanese investors find their blue-chip benchmark back in positive territory for the year. Helped by a weaker yen and continued stimulus by a resolute Bank of Japan (BOJ), the Nikkei 225 index has outperformed peers and erased its 2022 losses on Monday. Its 0.3% gain compares with ...

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