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Need to Know: The British stock market has turned into a wasteland as pension funds recoil. Why U.S. funds may pull back too Need to Know June 23, 2023 View in Web Browser The British stock market has turned into a wasteland as pension funds recoil. Why U.S. funds may pull back too By
Soaring interest rates, slowing economic growth and a banking sector still recovering from a March rout might suggest a note of market caution, yet world stocks are at 14-month highs, the S&P 500 stock index has entered a bull market and gauges of volatility are eerily calm. BNP Paribas estimates excess global liquidity has risen by $640 billion since the end of third quarter of 2022 and is "unsustainable" when some central banks are trying to offload bonds they hold in a process known as quantitative tightening. The Federal Reserve in March loosened financial conditions with ...
The explanation for the whoosh higher in risk assets this year may be as simple as it is surprising: eye-popping liquidity from central banks.
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever. The surprisingly dovish tone of Fed Chair Jerome Powell's ...
A look at the day ahead in Asian markets from Jamie McGeever.