investing
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Great Expectations: What the private markets need to welcome a new generation of investors
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Oil steadies as U.S. recession worries offset China recovery hopes
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Analysis-Bond traders get their swagger back in rate-obsessed markets
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European shares rise as investors await U.S. inflation data
Commodity-linked stocks push FTSE 100 higher; retailers slide
Date: January 12, 2023
By Shashwat Chauhan (Reuters) -UK’s FTSE 100 rose on Thursday, as gains in commodity stocks outweighed losses in retailers such as Tesco, while investors globally awaited U.S. data to see if inflation has slowed further. The blue-chip FTSE 100 gained 0.6% to hover near a more than four-year high scaled on Wednesday, while the more...
Analysis-Gated UK property funds are open to further risk
Date: January 11, 2023
By Carolyn Cohn and Elizabeth Howcroft LONDON (Reuters) – UK property funds face further exit requests, asset fire sales and reduced demand from pension schemes after payout restrictions prompted investors to reassess the risks of such holdings, industry experts say. BlackRock and M&G are among asset managers to have deferred third-quarter property fund withdrawals this...
Move over TINA, it’s time for TARA
Date: January 11, 2023
(Refiles to change title in paragraph four to CIO from chief executive for Global Fixed Income at PIMCO. No other changes to text) By Naomi Rovnick (Reuters) – A shakeout in financial markets triggered by central banks’ sudden move to abandon ultra-low interest rates has created a casualty money managers will not miss: TINA. The...
Miners push FTSE 100 to over 4-year high, Direct Line tumbles
Date: January 11, 2023
By Shashwat Chauhan (Reuters) – UK’s exporter-heavy FTSE 100 hit an over four-year high on Wednesday, buoyed by gains in mining stocks, while insurer Direct Line plunged after cancelling its final dividend for 2022. The blue-chip FTSE 100 advanced 0.5%, its highest since August 2018, while the more domestically focused FTSE 250 mid-cap index gained...
European shares rise on bets of easing rate hikes; Direct Line plunges
Date: January 11, 2023
By Bansari Mayur Kamdar (Reuters) – European shares advanced on Wednesday, buoyed by hopes of less aggressive interest rate hikes, while insurer Direct Line fell sharply after scrapping its full-year dividend. The pan-regional STOXX 600 climbed 0.4% in early trading, with market participants awaiting U.S. inflation data for clues on the Federal Reserve’s interest rate...
Greek economy to slow in 2023 as energy costs, Ukraine war hit spending -OECD
Date: January 10, 2023
ATHENS (Reuters) -Greece’s economic growth is likely to slow to just 1.1% this year from a 5.1% clip in 2022 as soaring energy costs and continued uncertainty about the war in Ukraine hurt spending and investment, the OECD said on Tuesday. Since the lifting of COVID restrictions, the Greek economy has recovered strongly thanks to...