“There is no appetite for risk this Friday morning, as stocks across Europe drop as much as three per cent, led by the FTSE MIB,” BMO economists Jennifer Lee and Shelly Kaushik said in their morning note. “Asia was not spared, as the region broadly sold off, with the Hang Seng down over one per cent, while the CSI 300 kept its losses to 0.3 per cent.”Article content
Bank of America Corp. strategists are pointing to a “cash is king” attitude among investors who are showing the most pessimistic attitude towards the markets since the 2008 global financial crisis. Cash inflows hit US$30.3 billion as global equity funds outflows went to US$7.8 billion, bonds lost US$6.9 billion, and gold investment dropped US$400 million during the week of Sept. 21, according to the bank.Friday, with sales falling 2.
“That said, the trend is clear, consumers are pulling back on spending,” Mendes said. “The slowdown in consumption is exactly in line with what the Bank of Canada is trying to engineer with its rate increases.” The Bank of Canada has been aiming to bring high demand back into balance with constrained supply by undertaking an aggressive rate hiking cycle this year, that has so far raised the policy rate
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:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global market storm gathers force as virtually no asset class is sparedStocks markets including the S\u0026amp\u003BP 500, Dow and Nasdaq fell as inflation and rising interest rates fuelled fears of recession. Read on StephHughes95 G7 🤡🌍 .... have fun being BuildBackBetter ESG Green inflation poor, cold, hungry and unsafe 🤮🤮🤮🤮 ForwardForEveryone RosieBarton melaniejoly
Source: nationalpost - 🏆 10. / 80 Read more »
Twelve U.S. consumer defensive, health care stocks with appealing valuations, dividendsWe are looking for U.S. consumer defensive and health care stocks with attractive valuations and better than average dividend income amid a bear market Great. Vampire blood banks are doing really well too. I suppose the mop and pail will endorse that industry
Source: globeandmail - 🏆 5. / 92 Read more »
'Market should be pretty upset': Tech stocks brace for more bleeding as Fed ratchets up ratesHigher rate target a clear escalation in Fed\u0027s effort to stamp out inflation and creates high likelihood of recession, strategist says
Source: fpinvesting - 🏆 43. / 63 Read more »
'Market should be pretty upset': Tech stocks brace for more bleeding as Fed ratchets up ratesHigher rate target a clear escalation in Fed\u0027s effort to stamp out inflation and creates high likelihood of recession, strategist says
Source: financialpost - 🏆 7. / 85 Read more »
'Market should be pretty upset': Tech stocks brace for more bleeding as Fed ratchets up ratesHigher rate target a clear escalation in Fed\u0027s effort to stamp out inflation and creates high likelihood of recession, strategist says The “market” isn’t a person. People don’t get upset when corps make a little less profit.
Source: nationalpost - 🏆 10. / 80 Read more »
Province says timber stocks remain healthy and viableProvince says timber stocks remain healthy and viable DonBradshawNTV
Source: NTVNewsNL - 🏆 54. / 59 Read more »