The iShares JP Morgan EM Local Government Bond UCITS ETF had net deposits of $341 million last week, the most since Feb. 8, as the Federal Reserve’s dovish stance and progress in U.S.-China trade talks spur demand from some of the world’s biggest money managers. Meanwhile, investors pulled $251 million from the largest ETF for emerging-market dollar bonds, bringing outflows for April to $1.6 billion, the most in more than a year.
JPMorgan Chase & Co. said last week that its clients increased their exposure to emerging currencies to the highest level since May 2018. They were overweight the South African rand, Russian ruble, Brazilian real, Nigerian naira and the Egyptian pound.
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.
Business Maverick: Woodstock 50th anniversary going ahead, organisers say, despite investor withdrawalA planned three-day concert marking the 50th anniversary of theWoodstock music festival was thrown into doubt on Monday after the lead investors said they had canceled the event but organisers said they were going ahead.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Investors Brace for a Big Week of Insights Into World EconomyThe world economy’s ability to rebound from its recent soft patch will be tested anew this week as data is released from Washington to Beijing.
Source: dailymaverick - 🏆 3. / 84 Read more »
CHRIS GILMOUR: Investor rep needed to challenge bond market status quoAn investor representative that would act in the interests of bondholders is strongly supported by those who want bond market transformation
Source: BDliveSA - 🏆 12. / 63 Read more »
Business Maverick: Thursday May 2: Five Things You Need to Know to Start Your DayThe Fed stands pat, mostly. U.S. Treasury Secretary Steven Mnuchin calls China trade talks “productive,” and yet another Brexit compromise is brewing. Here’s what’s moving markets.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Britons opt for non-EU holidays in face of Brexit impasse – Thomas CookBritish holidaymakers are favouring destinations outside the European Union after repeated delays to Brexit discouraged travellers from booking early and prompted them to look further afield, travel firm Thomas Cook said on Monday. Not Britons but Muslim Turks .
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Monday April 28: Five Things You Need to Know to Start Your DayTakeaways from China’s Belt and Road forum. Japan markets are shut for the week, but there is a slew of key global data that traders will be watching. Incumbent Sanchez set to be returned as Spain’s PM after election. Here’s what’s moving markets.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Rico: Cartoon FridayLet us hope not. Exactly. Escom and ANC!
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Strong ANC Win Would Boost S. African Asset Prices, Goldman SaysA strong win for South African President Cyril Ramaphosa’s African National Congress in next week’s election would trigger a rally in asset prices, according to Colin Coleman, head of sub-Saharan Africa at Goldman Sachs Group Inc. Unfortunately for Goldman Sachs and Colin Coleman, we will vote for EFF... No,a Coalition should do the trick,Same as in Johannesburg. It's true. The international opinion formers that define what we pay for the necessary debt for infrastructure and development know a vote for CyrilRamaphosa and the MYANC is a vote for the future.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Gold Gets Taken for a Ride as Price Gyrates After Fed CommentsGold traders can be forgiven for feeling a bit queasy as efforts to parse economic signals from the U.S. Federal Reserve put them on a roller-coaster ride.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK OP-ED: Deregistration threat to Amcu calls for active union solidarityThe Department of Labour’s threat to deregister the Association of Mineworkers and Construction Union is a cause for concern. It cannot be that more than 200,000 members be left without a bona fide union because Amcu is more than a year late with the holding of its national congress. A failure to resolve this matter will only further entrench the view that the department is intent on punishing those it sees as opposed to the ANC.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Tuesday, April 30: Five Things You Need to Know to Start Your DayWarnings signs for China stocks and Boeing says it didn’t mean to deactivate a pilot alert on the 737 Max. Here’s what’s moving markets.
Source: dailymaverick - 🏆 3. / 84 Read more »