Investors are backing off from bets on a continued selloff in US stock futures, according to Citigroup Inc. strategists. Although positioning in both S&P 500 and Nasdaq 100 futures remains moderately bearish, “the pace of flows has slowed significantly,” the team led by Chris Montagu wrote in a note dated...
As bond markets everywhere get battered by a cocktail of higher interest rates, deficit angst and hawkish central bankers, one class of debt instrument is handing creditors double-digit returns: catastrophe bonds. Investors in the $40 billion market for so-called cat bonds have literally been sitting out the storm to reap...
Oil jumped more than 5% after Hamas’s surprise attack on Israel raised fears of a wider conflict. Investors shunned traditionally risky assets such as stocks and instead bought gold, bonds and the dollar. West Texas Intermediate climbed past $87 a barrel and an index of dollar strength added 0.3%. Europe’s Stoxx 600...
It was supposed to be one of the greatest stock market comebacks of all time. But after a summer slump, there’s a nagging fear it might just keep slipping away. Roughly a year after the S&P 500 Index bottomed out, money managers have seen the stock market’s gains erode on...
Underlying US inflation is seen rising at a monthly pace that corroborates the message from central bankers that interest rates will need to stay higher for longer. The consumer price index excluding food and fuel, a measure favored by economists as a better indicator of underlying price pressures, is seen...
Europe’s banks need to stop complaining that a new ESG rule will make them “look bad” and accept that they’ll need to start reporting additional data in a few months, European Banking Authority Chairman Jose Manuel Campa said. The metric in question is the green asset ratio, with mandatory disclosure...
Rapidly rising Treasury yields have brought back fears of a potential wave of defaults across emerging markets, with investors questioning which countries struggling with heavy debt loads will miss payments or be forced to restructure first. A total of 21 emerging-market nations have sovereign dollar debt trading near distressed levels,...
Companies based in the U.S. are on track to halve the amount of ESG-labeled debt they issue this year, marking a clear departure from the trend on the other side of the Atlantic, according to an analysis by Goldman Sachs Group Inc. The U.S. slump reflects the different regulatory set-ups...
A hotter-than-expected jobs report will likely nudge the Federal Reserve toward raising interest rates again by the end of the year. Nonfarm payrolls increased 336,000 last month after sizable upward revisions to the prior two months, a Bureau of Labor Statistics report showed Friday. The unemployment rate held at 3.8%, and...
FTX co-founder Gary Wang said he and Sam Bankman-Fried committed a multibillion-dollar fraud with customer funds that led to the cryptocurrency exchange’s collapse, shortly after taking the stand against his onetime math camp buddy and MIT roommate. Dressed in a gray suit and red tie, Wang didn’t make eye contact with Bankman-Fried...