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The first half of 2022 has been one of the most difficult investment environments in the past 40 years due to the simultaneous decline of bonds with stocks, and an unprecedented mix of external shocks.
Amundi, Europe’s biggest money manager, is looking past China’s zero-Covid policy to see the brighter side of the stock market, saying concerns about economic growth and earnings are already baked into beaten-down stock prices.
Appen has been left high and dry by its Canadian suitor Telus International, less than 10 hours after the company announced $1.2 billion non-binding indicative bid.
Hong Kong stocks fell from a two-week high amid concerns about earnings slippage on Covid-19 lockdowns as XPeng, Kuaishou and Alibaba Group Holding prepare to issue their report cards this week. Beijing also stoked concerns about tighter social mobility controls.
'Megatrend' and U.S. taxpayer funds are among the recent releases