Little market reaction to PM Truss’s resignation The news of UK prime minister Liz Truss’ resignation hasn’t been greeted with much of a reaction in either gilts (government bonds) or sterling. The absence of a sell-off suggests a widespread assumption that the process of finding a new leader –...
Stock Market News
U.S. equity funds lure inflows on earnings optimism
By sector, tech and financials obtained inflows worth $769 million and $595 million, respectively, after outflows in the previous week. Meanwhile, bond funds saw a fifth straight week of net selling, as investors withdrew a net $4.16 billion. U.S. short/intermediate investment-grade and loan...
https://www.hellenicshippingnews.com/u-s-equity-funds-lure-inflows-on-earnings-optimism/
Hedge funds see $26 bln in net outflows in Q3 – HFR
Global investors redeemed $26 billion from hedge funds in the third quarter, in the second consecutive quarter of net asset outflows, industry data provider HFR said on Thursday. In the year, investors pulled out $33.7 billion from hedge funds worldwide, HFR showed, as poor performance has spooked...
https://www.hellenicshippingnews.com/hedge-funds-see-26-bln-in-net-outflows-in-q3-hfr/
As U.S. stocks rip higher, investors hunt for signs of market bottom
Some gauges of the stock market’s health are showing that the latest rally in U.S. equities may be the start of a sustained move higher, though many investors are hesitant to jump on board until there are signs inflation is cooling. Few can blame them for being skeptical. The current gain – which...
Turbulent markets jolt currency hedge funds from decade-long slumber
Veteran hedge fund manager John Taylor describes one of his favourite Gary Larson cartoons, where one vulture sitting on an animal carcass says to another as more descend: “good friends flying in from all over…this is the best of times”. There is, he says jokingly, a resemblance to the hedge funds...
As Xi opens congress, China’s state hands keep markets steady
As Chinese President Xi Jinping opened the landmark Communist Party Congress, the country’s vast financial bureaucracy has been busily tamping down ripples of turmoil across its currency and stock markets. Chinese state banks are stepping up intervention to defend the weakening yuan, banking...
https://www.hellenicshippingnews.com/as-xi-opens-congress-chinas-state-hands-keep-markets-steady/
U.S. equity funds face outflows for third successive week
U.S. equity funds suffered their third consecutive weekly outflow in the week ended October 12, as stocks were hit by concerns over a recession due to a rise in interest rates and inflation. Refinitiv Lipper data showed that U.S. equity funds faced outflows worth $2.1 billion in the week, after...
https://www.hellenicshippingnews.com/u-s-equity-funds-face-outflows-for-third-successive-week/
BofA sees net European government bond supply hitting record in 2023
Bank of America expects net government bond supply to rise close to 400 billion euros ($388 billion) next year, the highest on record, arguing that quantitative tightening measures by the European Central Bank will be challenging to implement. “In net-net terms (gross bond issuance net of...
China extends currency swaps with European Central Bank
China’s central bank extended its bilateral currency swaps with European Central Bank, worth 350 billion yuan or 45 billion euros, according to a statement published on the Chinese central bank’s website on Monday. The swaps extension will help deepen bilateral cooperation and safeguard financial...
https://www.hellenicshippingnews.com/china-extends-currency-swaps-with-european-central-bank/
U.S. equity funds see vast outflows on rate hike worries
U.S. equity funds recorded a surge in outflows in the week to Oct. 5, as reports showing firm labour market demand and persistent core inflation stoked fears that the Federal Reserve will remain aggressive in raising interest rates. Investors sold U.S. equity funds worth a net $7.09 billion after...
https://www.hellenicshippingnews.com/u-s-equity-funds-see-vast-outflows-on-rate-hike-worries/