Business Maverick: Bonds Surge as Recession Fears Rattle Wall Street: Markets Wrap

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 64 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 84%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Treasuries surged and stocks fell as weak economic data added to recession worries amid aggressive Federal Reserve policy.

in stocks is high as investors are only pricing a mild recession, said Goldman Sachs Group Inc. strategists.

“This week marks a significant regime shift in the market: we are pivoting away from higher inflation to weaker global growth and imminent recession risk as the dominant market driver,” wrote George Saravelos, global head of currency research at Deutsche Bank. Both stocks and bonds were rocked by outflows this week as investors fear the global economy could contract amid sky-high inflation and hawkish central banks. About $5.8 billion exited global equity funds in the week through June 29, BofA said, citing EPFR Global data. Bonds had redemptions of $17 billion.

A survey conducted by 22V Research showed that 71% of the investors polled believe that second-quarter results will be a negative driver for stocks. The respondents also estimated 2022 earnings-per-share will come in around $212 — 7% lower than consensus forecasts of $228, wrote founder Dennis DeBusschere.

“There’s a lot of nervousness about second-quarter earnings, which will start next week, and early indications that the warnings coming from company management are going to cause analysts to drastically reduce their earnings estimates for the second half of the year and perhaps even into 2023,” said Leo Grohowski, chief investment officer at BNY Mellon Wealth Management.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

ɪ'ᴍ ɴᴏ ᴇxᴘᴇʀᴛ ɪɴ ᴛʀᴀᴅɪɴɢ ʙᴜᴛ ɪ ʜᴀᴅ ɢᴏᴏᴅ ɢᴜɪᴅᴀɴᴄᴇ ᴡɪᴛʜ mamats38 ᴀɴᴅ ʜer ᴛᴇᴀᴍ, ɪᴛ'ꜱ ʙᴇʏᴏɴᴅ ᴇʏᴇ ᴏᴘᴇɴɪɴɢ, ᴡɪᴛʜ ᴛʜᴇꜱᴇ ᴛᴇᴀᴄʜɪɴɢꜱ ᴀɴᴅ ᴛʀᴀᴅɪɴɢ ꜱᴋɪʟʟ, I'ᴠᴇ ʜᴀᴅ ɴᴏᴛʜɪɴɢ ʙᴜᴛ ᴄᴏɴᴛɪɴᴜᴇᴅ ꜱᴜᴄᴄᴇꜱꜱ.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Business Maverick: Oil heads for worst run of losses this year on recession concernWest Texas Intermediate traded below $106 a barrel after tumbling on Thursday as commodities were pummelled. The US benchmark has shed more than 1% this week despite signs that the physical crude market remains tight.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »

Business Maverick: Larry Summers Says Risk of 2022 Recession Climbing, May Damp InflationFormer Treasury Secretary Lawrence Summers said that there’s an increasing risk the looming recession he’s anticipated will start sooner, in 2022, and that inflation may cool as a result. ɪ'ᴍ ɴᴏ ᴇxᴘᴇʀᴛ ɪɴ ᴛʀᴀᴅɪɴɢ ʙᴜᴛ ɪ ʜᴀᴅ ɢᴏᴏᴅ ɢᴜɪᴅᴀɴᴄᴇ ᴡɪᴛʜ mamats38 ᴀɴᴅ ʜer ᴛᴇᴀᴍ, ɪᴛ'ꜱ ʙᴇʏᴏɴᴅ ᴇʏᴇ ᴏᴘᴇɴɪɴɢ, ᴡɪᴛʜ ᴛʜᴇꜱᴇ ᴛᴇᴀᴄʜɪɴɢꜱ ᴀɴᴅ ᴛʀᴀᴅɪɴɢ ꜱᴋɪʟʟ, I'ᴠᴇ ʜᴀᴅ ɴᴏᴛʜɪɴɢ ʙᴜᴛ ᴄᴏɴᴛɪɴᴜᴇᴅ ꜱᴜᴄᴄᴇꜱꜱ.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »

Market data — June 30 2022Market data including bonds and fuel prices
Källa: BDliveSA - 🏆 12. / 63 Läs mer »

Global stocks fall as recession fears resurfaceThe second half of the year started with another first class drubbing for global stock markets I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you.
Källa: BDliveSA - 🏆 12. / 63 Läs mer »

MARKET WRAP: Rand and JSE weaker as investors mull myriad global concernsThe rand weakness is also due to the Eskom problems adding fuel to the fire, an analyst says ɪ'ᴍ ɴᴏ ᴇxᴘᴇʀᴛ ɪɴ ᴛʀᴀᴅɪɴɢ ʙᴜᴛ ɪ ʜᴀᴅ ɢᴏᴏᴅ ɢᴜɪᴅᴀɴᴄᴇ ᴡɪᴛʜ mamats38 ᴀɴᴅ ʜer ᴛᴇᴀᴍ, ɪᴛ'ꜱ ʙᴇʏᴏɴᴅ ᴇʏᴇ ᴏᴘᴇɴɪɴɢ, ᴡɪᴛʜ ᴛʜᴇꜱᴇ ᴛᴇᴀᴄʜɪɴɢꜱ ᴀɴᴅ ᴛʀᴀᴅɪɴɢ ꜱᴋɪʟʟ, I'ᴠᴇ ʜᴀᴅ ɴᴏᴛʜɪɴɢ ʙᴜᴛ ᴄᴏɴᴛɪɴᴜᴇᴅ ꜱᴜᴄᴄᴇꜱꜱ.
Källa: BDliveSA - 🏆 12. / 63 Läs mer »