Bank of Canada Surprises Market with 25 BP Rate Hike; Warns Policy-makers More Worried Inflation Could Get Stuck Well Above 2%
–BOC Decision Reflects Its View: Policy Not Sufficiently Restrictive to Bring Supply/Demand Back into Balance, Return Inflation Sustainably To 2% Target –BOC: Canada’s Labor Market Remains Tight; Overall, Excess Demand Looks to Be More Persistent Than Anticipated By Max Sato (MaceNews) – The Bank of Canada on Wednesday raised its policy interest rate – the […]
BofA Global Research Fund Manager Survey: Global Investors Test Waters in Equities in May, Remain Risk Averse
By Vicki Schmelzer NEW YORK (MaceNews) – Global investors dipped their toes back into equities in May but largely clung to bond and cash holdings, according to the findings of BofA Global Research’s monthly fund manager survey, released Wednesday. Uncertainty about the health of the world economy and central banks’ ability to rein in inflation […]
BofA Global Research Fund Manager Survey: Global Investors’ Attitude Towards Risk Worsens in April on Surging Credit/Counterparty Risk
–Bond Allocation Highest Since March 2009 By Vicki Schmelzer NEW YORK (MaceNews) – Global investors made a beeline into bonds in April, driven by fear of a credit crunch and ongoing uncertainty about inflation, according to the findings of BofA Global Research’s monthly fund manager survey, released Wednesday. There were also renewed concerns about the […]
BofA Global Research Fund Manager Survey: Global Investors’ Attitude Towards Risk Worsens in March on Surging Credit/Counterparty Risk
By Vicki Schmelzer NEW YORK (MaceNews) – Global investors’ attitude towards risk worsened in March with negative sentiment driven by surging credit and counterparty risk, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. Shifting risk views led to a marked uptick in recession and growth concerns, but little change […]
Italy Aims to Boost Share of Debt Held by Domestic Retail Investors, Keeps Dollar Debt Issuance on Hold, Government Sources Say
By Silvia Marchetti ROME (MaceNews) – Italy’s nationalist government plans to increase the share of public debt held by domestic retail investors as it looks to offset fading European Central Bank purchases and as dollar-denominated debt issuance remains on hold, according to ruling coalition sources. “The goal is to nationalize as much as possible our […]
BofA Global Research Fund Manager Survey: Recession Concerns Lowest Since June 2022
— Big Jump in Emerging Market Equity Holdings By Vicki Schmelzer NEW YORK (MaceNews) – Global investors polled in February were decidedly less fearful of recession and more upbeat about world growth, but were taking a wait-and-see attitude towards inflation, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. More […]
Italy Faces Showdown on ESM Reform; Financial Stability Risks Ahead
– Market volatility set to rise, ruling parties at odds – EZ banking union progress could come to a halt By Silvia Marchetti ROME (MaceNews) – The rising prospect that Italy will reject proposed reform of the European Stability Mechanism could raise new doubts about European integration and the stability of the ruling center-right coalition. Sources from […]
<strong>BOJ Keeps Easing Stance Amid Slowing Global Growth, Expects Cost-Push Inflation to Lose Steam in FY23</strong>
–Board Sees 3% Core CPI Rise in FY22 to Slow to 1.6% in FY23, 1.8% in FY24 –Board Revises Down GDP Forecasts to 1.9% in FY22, 1.7% in FY23, 1.1% in FY24 By Max Sato (MaceNews) – The Bank of Japan said Wednesday its policy board decided unanimously to maintain its basic monetary easing stance, […]
BofA Global Research Fund Manager Survey: US Equity Allocation Drops; Global Growth Concerns Fade Further in January
— China Growth Outlook Improves By Vicki Schmelzer NEW YORK (MaceNews) – Global investors cut allocations to US equities and were less downbeat about global growth prospects than in prior months at the start of 2023, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. Allocation to U.S. stocks stood […]
Analysis: US Political System Struggles to Deal With Era of Limits
By Denny Gulino WASHINGTON (MaceNews) – As the Speaker of the U.S. House of Representatives enters 2023 as a greatly diminished figure, derided by late show comedians as “House Squeaker,” his humiliating path to leadership may be a bell which tolls for his peers in the U.S. political system as well. Although many market participants […]