There is growing angst among investors over financial market price bubbles, and top of the list of concerns were the cryptocurrency bitcoin and U.S. tech stocks, two closely followed surveys showed on Tuesday.
By Reuters Staff
1 Min Read
LONDON (Reuters) - Nearly 90% of respondents in Deutsche Bank’s monthly investor survey said financial markets now had a number of price bubbles, with cryptocurrency Bitcoin and U.S. tech stocks top of the list.
When asked specifically about the 12-month fate of Bitcoin which surged 300% last year, and electric vehicle maker Tesla which soared nearly 750%, a majority of respondents said they were now more likely to halve than double in value.
The study also showed that 71% of the 627 market professionals surveyed did not think the U.S. Federal Reserve would start tapering dialling down its stimulus before the end of the year.
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(Corrects name of pension fund in para 4 to Government Pension Investment Fund, from Government Pension Index Fund) Japan’s GPIF resists FTSE Russell’s plan to include China Japanese investors are biggest users of FTSE’s bond index Their reluctance stems partly from historical tensions China’s high yields attract foreign investors Some Japanese banks, insurers snapping up Chinese bonds
TOKYO, Jan 15 (Reuters) - Index provider FTSE Russell is facing resistance from some Japanese players, including the country’s biggest pension fund, on a plan to include China in its World Government Bond Index (WGBI), one of the most widely-used global bond benchmarks.
Investors stormed into financial and energy stocks last week, BofA's weekly fund flow statistics showed on Friday, frontloading positions on expectations U.S. President-elect Joe Biden was planning a huge stimulus package.
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NEW DELHI/MUMBAI (Reuters) - Having fired up hopes for populist measures with talk of delivering a “budget like never before”, India’s Finance Minister Nirmala Sitharaman will need to find credible sources for additional revenue from a pandemic sickened economy.
FILE PHOTO: A man walks along a wall overlooking the central Mumbai s financial district skyline, India, March 9, 2017. REUTERS/Danish Siddiqui
Government borrowing is already bumping against the ceiling, revenues are severely dampened and the fiscal deficit is expected to have ballooned on account of pandemic spending.
“It will be hard for the finance minister to find resources. But she will get some help from the economic revival that will likely increase some tax revenue,” said N.R. Bhanumurthy, economist and vice chancellor at Bengaluru-based B.R Ambedkar School of Economics.