BlackRock bullish on U.K. stocks after elections, Japan stocks are top play

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 35 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 181%
  • Publisher: 92%

Canadian News News

Canada News,Breaking News Video,Canadian Breaking News

BlackRock Investment Institute said in a mid-year outlook report that the prospect of higher-for-longer interest rates made inflation-linked bonds attractive

The BlackRock Investment Institute said on Tuesday that recent parliamentary elections in Britain had made valuation of U.K. equities attractive, while Japan stocks remained its favoured equity investment play.

“Valuation is very compelling … and given the perceived political stability leading to better sentiment, we think there’s a tactical opportunity for U.K. equities,” Wei Li, global chief investment strategist at BlackRock, said on Tuesday. With regards to U.S. government debt ahead of the presidential election, long-term debt prices are not sufficiently reflective of the prospect of widening U.S. fiscal deficits, prompting BlackRock’s preference for short– to medium-dated Treasuries, said Li.

“Both of these candidates are not really talking about plans that bring down fiscal deficits. They spend in different ways but they’re both looking to spend,” she said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nevada Copper shareholders face loss of investment as Elliott Investment circles to provide emergency bankruptcy fundingThe struggling Canadian miner, which has struggled for years to ramp up production at its Pumpkin Hollow copper mine, is seeking bankruptcy protection
Source: globeandmail - 🏆 5. / 92 Read more »