Goldman Halves U.S. Growth Forecast on Lack of Extra Fiscal Stimulus

© Bloomberg. A sign reads (Bloomberg) — Goldman Sachs Group Inc (NYSE:). economists halved their forecast for U.S. growth in the fourth quarter after deciding there will not be additional fiscal stimulus until next year.The researchers led by Jan Hatzius now predict the world’s largest economy will expand 3% on a quarterly annualized basis, down […]

Read More

Morgan Stanley ups chance of China WGBI bond index inclusion to 90%

LONDON (Reuters) – Morgan Stanley (NYSE:) has hiked the chance of China being added to one of the world’s top government bond indexes later this week to 90% after the country made some additional improvements to its market practices and plumbing. Russell, which runs the World Government Bond Index (WGBI) <.SBWGU>, a benchmark for an […]

Read More

Tech stocks most ‘crowded trade’ of all time: BAML survey

© Reuters. A trader passes by screens showing Spotify on the floor at the NYSE in New York NEW YORK (Reuters) – Too many investors have piled into U.S. technology stocks, making the sector the most “crowded trade” of all time and difficult to unwind, while a tech bubble is the biggest risk after an […]

Read More

Plunging U.S. GDP through June gives way to slow climb back in July

© Reuters. FILE PHOTO: A pedestrian with a mask walks past of the NYSE as markets continue to react to the coronavirus disease (COVID-19) at the NYSE in New York By Howard Schneider (Reuters) – A record-setting drop in the U.S. economy from April to June has given way to an increasingly tepid-looking rebound as […]

Read More

Lebanon’s advisers to work on compromise on financial plan, sources say

BEIRUT (Reuters) – Lebanon’s financial adviser Lazard (NYSE:) will see if a government financial rescue plan can be adjusted to reach a compromise workable for the International Monetary Fund, two sources said on Friday, after the plan hit resistance from politicians, banks and the central bank. The plan, which anticipates vast losses in the financial […]

Read More

U.S. firms saw uptick in activity but virus surge weighs, Fed survey shows

© Reuters. FILE PHOTO: CNC Cabinetry in South Plainfield, New Jersey By Lindsay (NYSE:) Dunsmuir and Howard Schneider WASHINGTON (Reuters) – U.S. businesses saw an uptick in activity into the beginning of July as states eased restrictions to contain the novel coronavirus pandemic, a Federal Reserve report showed on Wednesday, but remained uncertain about the […]

Read More

Wall Street banks see trading-revenue renaissance ending soon

© Reuters. FILE PHOTO: Traders work in the Citigroup booth on the floor of the NYSE in New York By Imani Moise and Elizabeth Dilts Marshall NEW YORK (Reuters) – Big swings in stock and bond markets since March have helped big Wall Street banks weather the coronavirus downturn better than they otherwise might have, […]

Read More

Wall Street Week Ahead: Investors eye economic data, stimulus measures as stocks rally stalls

2/2 © Reuters. The Fearless Girl statue is seen outside the NYSE in New York 2/2 By April Joyner NEW YORK (Reuters) – Upcoming U.S. economic data and deadlines for renewing some fiscal stimulus measures in July could prove key tests for an equities rebound that has wavered in recent weeks. The benchmark S&P 500 […]

Read More

After jolt, investors still see stocks as long-term bet

© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) as the building prepares to close indefinitely due to the coronavirus disease (COVID-19) outbreak in New York By Kate Duguid and Megan Davies NEW YORK (Reuters) – An interruption to a searing rally gave a jolt to equity investors […]

Read More

S&P affirms India’s long-term sovereign credit rating, outlook

© Reuters. MUMBAI (Reuters) – Standard and Poor’s (NYSE:) affirmed its rating on India’s long-term foreign and local currency sovereign credit at the lowest investment-grade level and retained its stable outlook on the economy on Wednesday. India’s long-term rating was affirmed at ‘BBB-‘ with a stable outlook while the short-term rating was held at ‘A-3’. […]

Read More

NY Fed selects Eaton Vance Management to serve as credit risk service provider for municipal facility

NEW YORK (Reuters) – The New York Federal Reserve selected Eaton Vance (NYSE:) Management to serve as credit risk service provider for the municipal liquidity facility. Read more about the facility here https://www.newyorkfed.org/markets/municipal-liquidity-facility. Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All […]

Read More

Federal Reserve to expand reach of Main Street lending program

© Reuters. FILE PHOTO: The seal of the U.S. Federal Reserve By Lindsay (NYSE:) Dunsmuir and Howard Schneider WASHINGTON (Reuters) – The U.S. Federal Reserve on Thursday said it was expanding the scope and eligibility of its soon-to-launch “Main Street Lending Program” to reach a greater range of small- and medium-sized businesses seeking emergency financing […]

Read More

Funds suggest cutting stocks, expect U-shaped global economic recovery: Reuters poll

2/2 © Reuters. A trader puts on his jacket on the floor of the New York Stock Exchange (NYSE) as the building prepares to close indefinitely due to the coronavirus disease (COVID-19) outbreak in New York 2/2 By Rahul Karunakar BENGALURU (Reuters) – Global funds recommended an increase in bond holdings to the highest level […]

Read More

U.S. insurers want taxpayers to back pandemic coverage for businesses

© Reuters. Morning commuters are seen on Wall St. outside the NYSE in New York By Suzanne Barlyn (Reuters) – The U.S. insurance industry is promoting the idea of an insurance plan backed by the federal government that would help businesses that in the future suffer losses from a pandemic, people familiar with the effort […]

Read More

U.S. stock funds see third inflow in a row, high-yield corporate bond funds see record: Lipper

© Reuters. The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City By David Randall and Alden Bentley (Reuters) – Investors sent record inflows to high-yield corporate bonds and broke a six-week losing streak for investment-grade debt in the week that ended Wednesday as […]

Read More

U.S. stock funds see third inflow in a row, high yield corp bond funds see record-Lipper

© Reuters. The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City (Reuters) – U.S. stock mutual funds took in $8.8 billion in the latest week, marking the third inflow in three weeks, according to Lipper. U.S. taxable bond funds broke six weeks of […]

Read More

Hedge fund Fir Tree puts $410 million dislocation fund to work

© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) as the building prepares to close indefinitely due to the coronavirus disease (COVID-19) outbreak in New York By Svea Herbst-Bayliss BOSTON (Reuters) – After years of waiting and watching from afar, hedge fund Fir Tree Partners is spending $410 […]

Read More

Investors look to 2008 for guidance on when to jump back in

© Reuters. The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City By Thyagaraju Adinarayan and Sujata Rao LONDON (Reuters) – Investment banks are dusting off models from the 2008 financial crisis to gauge the right time to buy back into stock markets that […]

Read More