|Symbol||Name||Last Price||Change||% Change||Volume||Intraday High/Low||52 Week Range||Day Chart|
|^NYA||NYSE COMPOSITE (DJ)||12,833.57||-114.93||-0.89%||0|
|^XAX||NYSE AMEX COMPOSITE INDEX||2,043.70||-13.08||-0.64%||0|
|^STOXX50E||ESTX 50 PR.EUR||3,283.69||-32.88||-0.99%||0|
|IMOEX.ME||MOEX Russia Index||2,951.79||0.00||0.00%||0|
|^HSI||HANG SENG INDEX||24,063.22||-392.19||-1.60%||0|
|000001.SS||SSE Composite Index||3,314.28||-23.81||-0.71%||2.262B|
|^BSESN||S&P BSE SENSEX||38,859.73||+13.91||+0.04%||0|
|^JKSE||Jakarta Composite Index||5,035.85||-23.38||-0.46%||0|
|^KLSE||FTSE Bursa Malaysia KLCI||1,506.99||+0.36||+0.02%||0|
|^NZ50||S&P/NZX 50 INDEX GROSS||11,539.10||-94.42||-0.81%||0|
|^KS11||KOSPI Composite Index||2,393.58||-18.82||-0.78%||1.015M|
|^TWII||TSEC weighted index||12,795.12||-80.50||-0.63%||0|
|^CASE30||EGX 30 Price Return Index||10,969.30||-118.90||-1.07%||0|
|^JN0U.JO||Top 40 USD Net TRI Index||3,329.67||-27.76||-0.83%||0|
Investors this week will look ahead to a packed calendar of events, including multiple appearances of Federal Reserve Chair Jerome Powell before Congress, Tesla’s inaugural battery technology event, and a handful of closely watched corporate earnings results and economic data releases.
The report by BuzzFeed and other media reported on Sunday, cited documents submitted by banks and other financial firms to the US Department of Treasury's Financial Crimes Enforcement Network (FinCEN).
(Bloomberg) -- The dollar began Monday on the back foot after weakening last week, while stock futures in the U.S. and Europe fell along with Asian equities amid subdued trading volumes impacted by a holiday in Japan. The offshore yuan edged higher.Hong Kong shares underperformed as HSBC Holdings Plc’s shares fell to the lowest since 1995, dragging the Hang Seng Index about 1.5% lower. Equities in China and Australia also retreated. Japan’s stock market was shut.The dollar edged lower against its main G-10 peers. Taiwan’s dollar strengthened to a level not seen in seven years. Treasury futures were little changed, with cash bonds not trading until the London open due to the Japan holiday. Crude oil edged down.As U.S.-China tensions linger, President Donald Trump said he’s approved Oracle Corp.’s bid for the U.S. operations of TikTok “in concept.” The Trump administration’s curbs on WeChat were put on hold by a judge, upending an effort to halt use of the Chinese-owned app in the U.S.Investors remain watchful for any signs of progress on a U.S. fiscal stimulus package, while Federal Reserve Chair Jerome Powell will testify before Congress from Tuesday to Thursday to discuss pandemic relief efforts. Covid-19 cases in the U.S. steadied as deaths approached 200,000 and over in the U.K., the Health Secretary said the country is at a “tipping point.”“We do have concerns down the stretch about the markets reacting poorly to some of the uncertainties facing us -- the election, potentially around Covid-19, and the fact that we don’t have a stimulus package yet,” Rebecca Felton, senior market strategist at Riverfront Investment Group, said on Bloomberg TV. “I would have to think we could be volatile to the downside here.”Elsewhere, the European Central Bank has launched a review of its pandemic bond-buying program to consider how long it should continue and whether its exceptional flexibility should be extended to older programs, the Financial Times reported.Despite global equity valuations remaining close to an almost two-decade high, fund flow data show money is continuing to move into U.S. stocks. With the Fed anchoring interest rates near zero for the foreseeable future, profits are expected to recover somewhat from the pandemic-induced malaise.“We’ve been reasonably optimistic toward the equity market for quite some time,” Jun Bei Liu, fund manager at Tribeca Investment Partners, said on Bloomberg TV. “The fundamental economic recovery seems to be on track. Over the next 6-12 months we do see substantial earnings improvement.”These are the main moves in markets:StocksS&P 500 futures lost 0.5% as of 6:47 a.m. in London. The gauge on Friday fell 1.1%.Australia’s S&P/ASX 200 Index slid 0.9%.Hong Kong’s Hang Seng index fell 1.5%.Shanghai Composite lost 0.6%.South Korea’s Kospi index dropped 1%.Euro Stoxx 50 futures lost 0.9%.CurrenciesThe Bloomberg Dollar Spot Index fell 0.2%.The yen rose 0.2% to 104.33 per dollar.The offshore yuan traded at 6.7573 per dollar, up 0.3%.The euro bought $1.1869, up 0.2%.BondsThe yield on 10-year Treasuries ended Friday little changed at 0.69%.Australia’s 10-year yield fell three basis points to 0.86%.CommoditiesWest Texas Intermediate crude was at $40.95 a barrel, down 0.4%.Gold was at $1,954.01 an ounce, up 0.2%.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Emerging markets are poised to enjoy a fresh tailwind at an auspicious moment.President Donald Trump’s weekend approval of Oracle Corp.’s bid for the American operations of TikTok -- a move that may take some of the heat out of Washington’s standoff with Beijing -- looked poised to give markets a lift as the new week got underway, extending last week’s gains in developing-nation assets.The Taiwanese dollar and Indonesian rupiah led an MSCI Inc. index of emerging-market currencies to its eighth gain in nine days Monday as the dollar remained on the back foot. The stocks gauge slipped 0.2%.Record low interest rates, rising commodity prices and improved mobility data are buoying expectations of a recovery in the world’s developing economies even as investors cast a wary eye toward the U.S. presidential election in November. Yet for all those plus points -- and any small boost provided by a gentler geopolitical backdrop -- it’s rate differentials that are sustaining much of the investor demand. Bond funds extended their longest streak of inflows since a 12-week run in the fourth quarter of 2017, according to EPFR Global, with China bond funds attracting “above-average” interest.“Even though policy rates in emerging markets have come down a lot, many of them show meaningful relative interest-rate advantages versus the dollar now, despite benign inflation,” said Morgan Harting, a New York-based money manager at AllianceBernstein who oversees about $2.8 billion. “This could support ongoing capital flows to emerging markets, which would generally be good for stocks and bonds.”The MSCI currency index climbed for a fourth week in the five days through Friday, the best run since January. Domestic bonds clocked up their biggest gains since June, while a gauge of stocks rose the most since early June relative to the S&P 500 Index, untroubled by a retreat in U.S. technology shares.For all the optimism, the evidence of recovery has been uneven, suggesting a protracted return to levels of economic activity recorded before the Covid-19 pandemic and the resulting lockdowns. While China has rebounded, other nations such as South Africa, India and Turkey have lagged behind.“The area where the pace of recovery has remained weak is the emerging economies outside China, which account for roughly 25% of global nominal dollar GDP,” Chetan Ahya, chief economist at Morgan Stanley in New York, wrote in a report Sunday. “While the emerging-markets-ex-China recovery has been relatively weak and some of these economies also face structural challenges, we think that the cyclical outlook for the group will improve from the first half of 2021.”The slowing of the rate-cutting trend among developing-market central banks looks set to continue in the coming week, following the hold decisions from Brazil, South Africa, Russia, Taiwan and Indonesia last week. Policy makers in China, Hungary, Thailand, Egypt, Colombia, Nigeria, Turkey and the Czech Republic are among those due to meet over the next five days.Of these, Turkey’s decision may be the closest watched as the central bank struggles to shore up the lira while avoiding an outright rate increase that would defy President Recep Tayyip Erdogan’s calls to cut borrowing costs.Listen: EM Weekly Podcast: Central Banks, China Bond Index InclusionMexico, Colombia EasingMexican policy makers are expected to lower interest rates by 25 basis points to 4.25% on Thursday, breaking from the pattern of half-point cuts in previous meetings, according to economists surveyed by BloombergTraders will also watch retail sales figures for July, to be posted on Wednesday, for signs of how the pandemic is affecting household demandOn Friday, a reading of the nation’s economic activity index for July will probably show a decline from a year earlierSince the end of June, the Mexican peso has strengthened almost 10% against the dollar, the best performance among about 140 currencies tracked by Bloomberg. The peso has also delivered the No. 1 carry trade returnColombia’s central bank will probably trim its key interest rate by 25 basis points on Friday to 1.75%, which would be the lowest on recordBloomberg Economics expects policy makers to reiterate that the end of the easing cycle is close while keeping the door open for more cutsThe Colombian peso has underperformed most of its Latin American peers this monthTurkey’s Stealth TighteningMost economists surveyed by Bloomberg expect Turkey’s central bank to hold the benchmark repo rate at 8.25% for a fourth month on ThursdayThe lira has lost more than a quarter of its value against the dollar since December, and is on track for an eighth annual depreciation. The currency is trading at all-time lows against both the dollar and the euro. For now though, the central bank has resisted calls for an outright rate hike and is resorting to stealth tightening instead by pushing up the weighted-average cost of fundingYet the monetary authority is coming under pressure from investors to reverse an easing cycle this year that’s pushed annual borrowing costs below inflationThe central bank will raise the upper bound of its interest-rate corridor while keeping benchmark borrowing costs on hold, according to Goldman Sachs Group Inc.Rates on HoldChina’s Loan Prime Rates -- the reference rate for bank loans to companies -- remained unchanged Monday“The go-slow approach to easing suggests the authorities may be satisfied with the pace of economic recovery so far and the strong credit expansion since the second quarter,” Bloomberg Economics said in a reportIndustrial profits due on Sept. 27 are expected to continue their reboundThe yuan is one of the best-performing currencies in emerging Asia this month, helped by better-than-forecast economic data and fading trade-war concernsHungary’s central bank will probably leave its policy rate unchanged at 0.6% on Tuesday, according to the median of economist etsimates in a Bloomberg surveyThe forint’s depreciation against the euro since the beginning of August, has added to concerns about price pressuresAlso on Tuesday, Nigeria’s central bank is seen leaving its benchmark rate unchanged at 12.5% for a second consecutive meetingEgypt’s central bank will likely hold rates on Thursday even with inflation at its lowest in nearly a year, after cutting by 450 basis points in 2019 and another 300 in a mid-March emergency sessionWhile the pandemic cut into some of Egypt’s main sources of hard currency, such as tourism and remittances, and spurred capital outflows from March to May, investors began returning in June after the country secured financing from the International Monetary FundThe Czech central bank will stand pat on Wednesday, after cutting interest rates the most in the European Union this year. It should keep the benchmark at 0.25% for at least a year before considering raising it, Deputy Governor Tomas Nidetzky said in an interview last weekThe Bank of Thailand’s last meeting under the incumbent governor is being held on Wednesday, with the central bank widely expected to keep rates on holdInvestors will eye the minutes of Brazil’s September central bank meeting, to be released on Tuesday, for more details on a plan to hold interest rates at record lows for the foreseeable futureBi-weekly CPI figures on Wednesday will also help give traders a fresh assessment on inflation. On Thursday, policy makers will release their quarterly inflation report. The real is the worst-performing currency in the developing markets this yearChina’s Bond Index InclusionFTSE Russell is due to announce the results of a fixed-income review on Thursday, with investors expecting some Chinese debt to be included in the World Government Bonds Index (WGBI). While the short-term boost to the yuan might be limited, the longer-term implications are positiveInclusion could prompt USD140b worth of index-related inflows over a 20-month period, following a one-year grace period, according to Goldman SachsChinese bonds appear good value at current high real yieldsChina’s 10-year bond yields edged lower last weekListen: Speaking of EM: Looking Ahead Can Boost Bond Returns (Podcast)Other Data and EventsSouth Korea’s consumer confidence data for September are due on FridayThe Korean won was Asia’s best-performing currency last weekTaiwan’s August export orders, due on Monday, may show a continued recovery from a year earlierIndustrial production numbers will be released on WednesdayThe Taiwan dollar broke free of the central bank’s grip last week, and may have further to run, based on past performanceThailand’s trade figures for August are due on WednesdayInvestors may be alert to a rise in political tension, with Thailand’s anti-government protesters calling for a general strike next month as the movement challenges long-held taboos including questioning the monarchy’s powersMalaysia’s August CPI, due on Wednesday, is forecast to show continued deflationMalaysian bonds, the best performers in Asia this quarter, now face challenges, including the dimming prospect of another interest-rate cutThe nation’s 10-year bond yields rose about 5 basis points last weekPoland reports last month’s construction output and retail sales data on Monday, followed on Tuesday by the August money supply M3 print, the previous month’s unemployment and consumer confidence.The central bank publishes minutes from its last meeting on Thursday, followed on Friday by Fitch’s update on Poland’s credit ratingArgentina’s second-quarter GDP data, expected on Tuesday, will probably show a contraction amid social distancing measures, unsustainable policies and debt negotiations, according to Bloomberg Economics.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
There are no stats due out of the Eurozone or the U.S to influence. That leaves COVID-19 news, geopolitics in focus, and ECB President Lagarde in focus.
Make UK, the industry group for manufacturing, said there would be an 'avalanche of job losses' if Britain failed to strike a trade deal with the EU.
Soaring demand for space to work from home drove asking prices for three- and four-bed properties to a new record high in September, according to Rightmove.
(Bloomberg) -- The dollar’s weakest quarter in a decade may get even worse as investors respond to the effects that massive American equity-market gains have had on the composition of their portfolios.The Bloomberg dollar index has plunged close to 5% this quarter and is on track for its biggest slide since 2010 as America’s economy shows signs of recovering from its pandemic-induced slump. That more upbeat narrative has helped to underpin a 7% rally in the S&P 500 Index that puts to shame to gains in stocks from Japan to the euro area and Canada -- not to mention losses for U.K. and Australian equities.The U.S. outperformance, though, may prompt global portfolio managers to realign weightings of their holdings in an effort to maintain appropriate risk levels. This process -- often carried out in the days leading up to month-, quarter- or year-end -- usually involves selling an outperforming asset and purchasing those that lag in order to get holdings back to target allocations.In the days ahead, that could lead to investors selling dollars and buying currencies linked to underperforming share markets, such as the British pound and Australian dollar.Moreover, with equity and currency volatility levels holding firm, rebalancing flows may begin to enter the market sooner rather than later as managers adjust holdings ahead of the last day of the quarter.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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