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Danske cuts 2022 Nordic GDP forecasts

  Bloomberg Danske Bank lowered forecasts for next year’s economic growth across the Nordics, as supply chain constraints and labour shortages could impede the region’s rebound. “The lack of supply of materials and equipment is a limitation for many Nordic businesses,” Danske said in its Nordic Outlook report. “We expect these constraints to ease as global demand swings back towards ...

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US futures whipsaw amid Fed shock; yields advance

  Bloomberg US equity-index futures witnessed volatile trading even as European stocks fall amid a spike in sovereign yields as investors digested the Federal Reserve’s indication of a more aggressive policy tightening. Contracts on the technology-heavy Nasdaq 100 Index were down 0.4%, after a loss of as much as 0.9%. S&P 500 Index futures lost 0.2%, after a 0.5% drop ...

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Megacap tech stocks still have lots of fans after historic run

  Bloomberg Investors have enjoyed world-beating returns for years by owning shares of trillion-dollar technology companies, so it’s tempting to say it’s time to bail out now that bond yields are on the rise. Plenty of fund managers are resisting that temptation. Since the bull market kicked off amid the financial crisis of 2008-2009, combined value of Apple Inc, Microsoft ...

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