Thu, Jun. 9, 5:07 PM
Tue, May 10, 9:27 AM
Mon, Apr. 11, 5:52 PM
Wed, Mar. 9, 6:18 PM
Tue, Feb. 9, 5:16 PM
Sun, Jan. 10, 7:38 AM
- Barron's says Asia "could blindside the world" in 2016.
- China’s already off to a bad start. President Xi Jinping's cautious transition from smokestack industries to a services sector could backfire if protests get out of hand.
- China is also fighting terrorism, playing the victim, but it's not clear Russia and others see it that way.
- Despite promoting fiscal austerity, Japan PM Shinzo Abe is borrowing with abandon. Japan's debt-to-GDP ratio, approaching 250%, could exceed 400% by 2040 without reforms. With few options, Japan’s bond bubble will keep growing until it can't.
- Related: Citigroup And A Hard Landing In China (Jan. 10)
- Related: Insights: China's Market Turbulence (Jan. 10)
- ETFs: FXI, DXJ, EWJ, FAX, ASHR, EWH, CAF, YINN, KWEB, PGJ, GXC, FXP, CYB, HAO, YANG, CNY, TAO, CHIX, CHN, JGBS, PEK, CHIQ, CQQQ, DFJ, MCHI, JGBD, TDF, QQQC, DBJP, NKY, XPP, IFAS, JOF, YAO, EZJ, JEQ, GCH, JPNL, DXJS, EWV, ASHS, YXI, CN, FXCH, ALD, CXSE, FCA, CNXT, CHNA, CHII, CHIE, ECNS, SCJ, EWHS, CHIM, HEWJ, JSC, JPXN, KBA, KFYP, JGBL, FCHI, JPP, JFC, JGBT, FHK, QJPN, FJP, JGBB, JPMV, DXJT, DXJR, DXJC, JHDG, DXJH, AFTY, DXJF, XINA, HGJP, HEGJ, FXJP, JDG, JPN, CHAU, CHAD, ASHX, JPNH
Sep. 18, 2015, 3:41 AM
- Government bond yields across the globe are in party mode after the U.S. Federal Reserve kept interest rates unchanged in a nod to concerns about a weak global economy.
- The German 10-year yield - the eurozone benchmark - is down 8 bps to 0.69%, mirroring a similar move in U.S. Treasuries overnight.
- Equivalents in France, Spain, Italy and the U.K. fell even further, dropping 9-11 basis points, following Asian yields lower.
- ETFs: FAX, GIM, EU, BNDX, JGBS, JGBD, DSUM, BWX, AUNZ, ALD, IGOV, BUNL, JGBL, CBON, GGOV, BUNT, JGBT, JGBB, CHNB
Sep. 11, 2015, 3:08 AM
- Asian shares are mixed and ending the week fairly calmly following a turbulent few sessions, and ahead of a data dump by China on Sunday and a Fed rate decision later next week.
- Asset manager Kathy Lien believes it will be difficult for the Fed to act.
- "Based on the performance of the U.S. economy alone, the Fed should raise rates but they do not operate in a vacuum," Lien says.
- Japan -0.2%, Hong Kong flat, China -0.4%, India +0.3%.
- ETFs: FAX, GMF, ALD, EEMA, AAIT
May 18, 2015, 2:31 AM
- Asian shares are mixed following weak U.S. industrial-production and consumer-confidence data on Friday, adding to fears that the economy is stuck in a bit of a rut.
- Still, that's prompting speculation that the Fed will delay raising rates.
- "The size of the decline in consumer confidence is pushing back estimates for a U.S. interest-rate hike to December," says equity strategist Shoji Hirakawa. "That’s beneficial for stock valuations."
- Japanese shares end +0.8%, boosted by banks on positive dividend news.
- Elsewhere, Hong Kong -1.1% after a strong session on Friday, China -0.2% and India +0.5%.
- ETFs: FAX, GMF, ALD, EEMA, AAIT
May 15, 2015, 3:18 AM
- The Shanghai Composite falls 1.8% as the rally driven by an interest-rate cut on Sunday cools and amid expectations of more IPOs.
- "Investors seem to be selling some of their holdings to have cash for a new round of IPOs,” says broker Gerry Alfonso.
- Elsewhere, the Hang Seng is +1.7%, the Nikkei +0.8% and India's Sensex +0.5% following another record Nasdaq close over night and as foreign bond markets appear to be stabilizing. Still, a possible increase in U.S. interest rates continues to hang over markets.
- ETFs: FXI, FAX, ASHR, EWH, CAF, YINN, KWEB, PGJ, GXC, FXP, CYB, HAO, YANG, CNY, TAO, CHN, CHIX, PEK, CHIQ, CQQQ, MCHI, DSUM, TDF, QQQC, XPP, YAO, GCH, ASHS, YXI, CN, FXCH, CHXF, ALD, FCA, CNXT, CHNA, CHII, ECNS, CHIE, EWHS, CHIM, KBA, KFYP, FCHI, JFC, CBON, FHK, AFTY, CHNB
Nov. 14, 2012, 11:31 AM
They're getting there. Closed-end investment funds take it on the chin again, with the PIMCO High Income Fund (PHK -6.6%) leading. At $10.56, the fund no longer sports a ridiculous near-75% premium to NAV, but with NAV currently at $8.32, there remains a wide gulf.| Nov. 14, 2012, 11:31 AM | 10 Comments