July, 2016

• 11 July

  Emerging assets gain as investors bet Fed holds interest rates

  

  Nupur Acharya / Maria Levitov Emerging-market assets rose for a third day as a hiring surge in the U.S. spurred confidence in the world’s biggest economy, bolstering stock markets from China to Poland. Exporters led gains as Taiwan Semiconductor Manufacturing Co. rose to a record. A gauge of Chinese shares traded in Hong Kong jumped the most since May. Equities ...

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• 11 July

  Tokyo’s Nikkei index soars, Pokemon powers Nintendo

  

    Tokyo / AFP Tokyo’s benchmark stock index soared Monday morning after a strong US jobs report and as the landslide victory of Japan’s ruling coalition in weekend elections boosted stimulus hopes. The Nikkei 225 surged 3.21 percent, or 485.26 points, to 15,592.24, while the broader Topix index of all first-section shares climbed 3.01 percent, or 36.39 points, to 1,246.27. ...

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• 11 July

  Stock rally fuels Indian Rupee’s biggest advance in 2 weeks

  

    Goyal India’s rupee rose the most in almost two weeks amid optimism a rally that propelled local stocks to a bull market will lure more foreign inflows. The benchmark S&P BSE Sensex index of shares surged 1.8 percent to its highest close since August, tracking gains across emerging markets after a stronger-than-expected U.S. jobs report improved confidence in the ...

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• 11 July

  BOE leads charge to bring stability as Brexit fades

  

    AFP Mark Carney’s third week managing Britain’s response to the economic shock of Brexit is about to begin. With UK politics in disarray after the nation opted to split from the European Union, the Bank of England governor has been leading the charge in offering stability. After boosting liquidity, freeing banks to lend more and signaling a willingness to ...

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• 11 July

  Citigroup stance bullish on commodities for 2017

  

    Bloomberg Forget Brexit, go for raw materials. Citigroup Inc says that it’s bullish on the outlook for commodities in 2017 as the impact of the UK’s vote to quit the European Union will fade, global growth chugs along and investors will plow more cash into funds. “Citi is especially bullish commodities for 2017,” analysts led by Ed Morse wrote ...

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• 11 July

  Kazakh central bank to pounce on dollars as Tenge regains appeal

  

    Bloomberg Kazakhstan’s central bank is prepared to return to the currency market in force to mop up excess dollars after a month of doing “practically zero” as higher returns draw savers to tenge deposits, Governor Daniyar Akishev said. “If there are significant inflows of foreign currency, we are ready to buy as before,” Akishev said in an interview on ...

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• 11 July

  Shanghai interbank rate lowest since May even as PBOC pulls cash

  

    Bloomberg Borrowing costs in Shanghai fell to the lowest level since May as funds returned to the banking system following increased demand for quarter-end regulatory needs. The decline comes even amid signs that the central bank is against maintaining excessive liquidity as it looks to limit volatility in money-market rates. Data released over the weekend showed factory-gate deflation eased ...

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• 11 July

  Euro turmoil: Deutsche Bank chases wealth abroad

  

    Bloomberg Deutsche Bank AG is pushing ahead with plans to become one of the world’s top five wealth managers as the business outlook for European banks worsens because of the Brexit vote and Italy’s banking crisis. Market volatility after the UK’s vote to leave the European Union underscores the need for Germany’s largest bank to bolster its presence outside ...

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• 11 July

  Sovereign investors’ M&A deals fall 26% by value

  

    Reuters Sovereign investors, including wealth funds, made $14.1 billion worth of acquisitions in the second quarter, down 26 percent from the first three months of the year but underpinned by a rebound in real estate deals. Data compiled by Thomson Reuters shows sovereign investors, a category that can include everything from state pension funds to oil-backed investment vehicles, were ...

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• 11 July

  Risks to China property market increasing: CASS researchers

  

    Bloomberg China’s property prices and real estate investment are poised for slower growth even as home sales may rise to a record this year, according to a top government think tank. Real estate is due for a “short-term adjustment period” after heating up since 2015, the Chinese Academy of Social Sciences said in a report Wednesday. Price increases and ...

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