The Bank of England should extend its emergency bond-buying to manage the volatility that’s rocked the country’s debt market, UK pensions group says

A UK pensions trade group on Tuesday called on the Bank of England to continue its emergency bond-buying operations to manage volatility in the debt market. The Pensions and Lifetime Savings Association urged the BoE to keep bond-buying going until at least October 31. The central bank began its bond-market intervention last month as fears… Continue reading The Bank of England should extend its emergency bond-buying to manage the volatility that’s rocked the country’s debt market, UK pensions group says

The market is flashing signs that a new bottom is forming and stocks could be poised for a fresh rally, Oppenheimer head technical analyst says

Markets are showing signs that stocks are nearing a bottom, Oppenheimer’s Ari Wald said.  Wald pointed to resilience in small cap stocks amid a sell-off in the S&P 500. The technical signal is the opposite of what would flash at a market top and means a new rally could be near.  Loading Something is loading.… Continue reading The market is flashing signs that a new bottom is forming and stocks could be poised for a fresh rally, Oppenheimer head technical analyst says

Stock market inflows hit near-records last week suggesting that investors think the bottom is in, Bank of America says

Investors are acting like they think the bottom is in for stocks, Bank of America said in a Tuesday note.The bank based its analysis on near-record flows into equities during last week’s choppy trading.BofA clients poured $6.1 billion into US stocks last week, representing the third largest inflow since 2008. Loading Something is loading. Thanks… Continue reading Stock market inflows hit near-records last week suggesting that investors think the bottom is in, Bank of America says

The dollar’s huge strength means investors should prepare for fewer earnings beats from S&P 500 companies, Goldman Sachs says

S&P 500 firms may beat quarterly earnings expectations at a lower pace than the first half of the year, Goldman Sachs says. That’s because a soaring dollar could eat into overseas profitability.   Many companies “will undoubtedly emphasize their performance on a ‘constant currency’ basis,” said Goldman’s US equity strategists.  Loading Something is loading. Thanks for… Continue reading The dollar’s huge strength means investors should prepare for fewer earnings beats from S&P 500 companies, Goldman Sachs says

Edianyun Settled in Beijing SME Public Service Platform

, /PRNewswire/ — Recently, the Beijing SME Public Service Platform announced the lists of service providers and 2022 SME service voucher products. Office IT integrated solution provider Edianyun has the honor of being included in the lists. The company has updated the prospectus for the HKEX listing application. Edianyun focuses on providing one-stop office IT… Continue reading Edianyun Settled in Beijing SME Public Service Platform

US stocks fall as investors prepare for an earnings deluge amid worries about rates and recession

US stocks ended lower Monday, marking a fourth consecutive decline amid worries about the economy.  JPMorgan CEO Jamie Dimon said a recession could push stocks down by another “easy 20%.”  Chip stocks fell as the Biden administration ramped up limits on chip sales to China.  Loading Something is loading. Thanks for signing up! Access your… Continue reading US stocks fall as investors prepare for an earnings deluge amid worries about rates and recession

Russia’s seaborne oil shipments to Europe have plunged 60% since the war in Ukraine began

Seaborne oil shipments from Russia to Europe have fallen 60% since the February invasion of Ukraine.  Sanctions will prove difficult for the Kremlin to export oil elsewhere.  The latest EU penalties restrict Russian crude from being transported on EU tankers.  Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading Russia’s seaborne oil shipments to Europe have plunged 60% since the war in Ukraine began

Jamie Dimon says the economy is on the verge of a recession and the stock market could fall another ‘easy 20%’ from here

The stock market could fall another 20% as a recession is likely to hit the US economy over the next six to nine months, according to Jamie Dimon.He said higher inflation, interest rates, and war uncertainty are all contributing to volatile markets.”The far more serious thing is this war,” Dimon told CNBC on Monday. Loading… Continue reading Jamie Dimon says the economy is on the verge of a recession and the stock market could fall another ‘easy 20%’ from here