Coalition talks to form the first administration, following Merkel’s departure, could take weeks, possibly months to conclude. According to Reuters, the Social Democrats (SPD) and the conservatives are seeking to lead a new government. Though a so-called “traffic light” coalition between the SPD, Greens, and the liberal FDP is forming . If Olaf Scholz, leader …
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The future of Evergrande – the world’s most indebted company in the world – is being examined by investors after the company last Friday did not meet a deadline to make an interest payment to offshore bond holders, impacting the Chinese USD bond markets. Emerging market corporate bonds are vulnerable to geopolitical risks. Chinese authorities, …
Japanese stocks ended over 2% lower on Wednesday, following overnight losses on Wall Street because of heightened inflation woes, while investors awaited the election that would decide Japan’s next prime minister. The Nikkei average fell 2.12% to close at 29,544.29, its lowest since Sept. 3. Just a few minutes after Tokyo’s market closed, Fumio Kishida …
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According to Reuters, U.S. mid-cap growth funds, EM stocks and inflation-protected bonds were among the winners for U.S. investors in a turbulent third quarter after the benchmark S&P 500 hit a record high. However, at the end of September, rising Treasury yields and debt negotiations in Washington have weighed on investor sentiment. Growth funds investing in …
After two consecutive sessions of losses, the dollar has edged higher today (Oct 4), as hedge funds increase their holdings as concern rises for the Chinese property sector and resilient U.S. Treasury yields have enhanced demand. Throughout the 2nd quarter, the dollar has been struggling to find its footing, but recently received a new boost …