Stock investors should keep at least 20% of their portfolio in cash, according to billionaire investor Mark Mobius.
Countries like Malaysia and Thailand are flocking to join BRICS as a potential ‘counterweight against U.S. economic hegemony’
Analysts say countries like Malaysia and Thailand may want to hedge in a more polarized world and get better access to China and India.
Asian Equities to Rally on Fed’s Dovish Minutes: Markets Wrap
(Bloomberg) -- Stocks in Asia were primed for gains Thursday after further signs the Federal Reserve will cut interest rates next month lifted Wall Street.Most Read from BloombergThe Serious Work That Free Play Can DoShare futures for Japan, Australia and Hong Kong all rose, while a gauge of US-listed Chinese shares climbed 2.4%. Contracts for US equities also edged higher in early Asian trading after the S&P 500 and Nasdaq 100 indexes both advanced Wednesday.Shorter-term Treasuries outperformed
American Express stock analyst flags concerning shift in consumer behavior
This is what could happen next to American Express shares
Major Wall Street firm picks stocks to buy when Fed cuts rates
The Wall Street consensus call is that the Federal Reserve will cut interest rates 0.25 percentage point next month.
Hawkish RBA Struggles to Win Over Market That Expects Easing
(Bloomberg) -- Australia’s central bank chief Michele Bullock is struggling to persuade money markets and economists with her hawkish message, in a sign that the Reserve Bank has work to do to win back credibility lost during the pandemic.Most Read from BloombergThe Serious Work That Free Play Can DoThe RBA this week used minutes of its August meeting to convey how seriously it considered raising interest rates before opting to keep them higher for longer. While the statement made it clear a cut
Top Republican Retains Hope U.S. Crypto Legislation Can Get Done This Year
Sen. Cynthia Lummis said the window is closing, but it's not shut yet.
Korean Stock Bulls Pin Hopes on Fed Rate Cuts for Revival
(Bloomberg) -- South Korean bulls are looking to the Federal Reserve’s interest-rate cuts to give the country’s stocks a bigger boost over emerging Asian peers.Most Read from BloombergThe Serious Work That Free Play Can DoMoney managers at Causeway Capital Management and M&G Investments are among those expecting the won to gain momentum as the Fed eases, attracting foreign inflows in a market heavily swayed by global investors. As risk sentiment improves along with lower interest rates, bulls ar
Top Republican Retains Hope U.S. Crypto Legislation Can Get Done This Year
Sen. Cynthia Lummis said the window is closing, but it's not shut yet.
Why GDS Holdings Stock Soared 17% Higher on Wednesday
The company notched a double beat with its latest set of quarterly figures.