The market remained under pressure for the third consecutive week that ended on May 22 with the BSE Sensex and Nifty50 falling over one percent each.
Banks are expected to face a tough time given the nationwide lockdown and the extension in moratorium, Umesh Mehta, Head of Research, Samco Securities.
— Carmen Reinhart — the World Bank’s incoming chief economist — just declared that globalization is probably dead, and flaring trade tensions between the world’s two biggest economies is supporting that theory.
Of, as Goldman summarizes this, “market beta has weighed on the average hedge fund return this year, while alpha has been a strong positive.”
Just hours after China’s Foreign Minister Wang Yi warned that “some” in America were pushing relations to a “new Cold War”, Beijing made it clear how it intends to retaliate in this new paradigm: by doing the one thing that infuriates Trump more than anything, devaluing its currency.
The day the S&P dropped to its cycle low of 2,237 – the Fed stunned capital markets when it announced it would purchase investment grade corporate bonds, traversing a Rubicon into secondary market intervention that not even Ben Bernanke had dared to cross.
Lock-up shares worth about 21.4 billion yuan (about 3.02 billion U.S. dollars) will become eligible for trade on China’s bourses in the coming week.
The world’s biggest investors are notoriously skeptical of the stock market’s bet for a quick economic recovery — and warning that the ‘fantasy’ rally will soon come crashing down
Some of the biggest heavyweights on Wall Street are worried that the fastest stock-market crash of their lifetimes is fading at an unsustainable pace.
Asian shares started cautiously on Monday as central bank largesse globally boosted sentiment but rising trade tensions between the world’s two biggest economies dulled risk appetite.
Emerging-market stocks and currencies gained last week amid optimism progress is being made toward developing coronavirus vaccines, and as more nations roll back lockdowns.