(Bloomberg) — The bond-market selloff unleashed by Donald Trump’s presidential victory last week ended almost as quickly as it began. Most Read from Bloomberg Yet firms like BlackRock Inc., JPMorgan Chase & Co. and TCW Group Inc. have issued a steady drumbeat of warnings that the bumpy ride is likely far from over. Trump’s coming return to the White House has significantly upended the outlook for the US Treasury market, where October’s losses had already wiped out much of this year’s gains. Less than two months after the Federal Reserve started pulling interest rates back from a more than two-decade…
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By Eduardo Baptista and Fanny Potkin BEIJING/SINGAPORE (Reuters) -China’s semiconductor industry is readying itself for four more combative years under Donald Trump as U.S. president by ramping up purchases of foreign chipmaking equipment and looking out for opportunities to hire overseas talent and forge new alliances. Among the strategies being considered are the pursuit of closer ties with countries and firms that may feel alienated by the U.S. President-elect’s future policies, and a doubling down on self-sufficiency, according to a review of more than 30 articles and research notes published by Chinese chip firms, associations and analysts this week after…
Traders work on the floor of the New York Stock Exchange during the morning trading on Nov. 7, 2024.Michael M. Santiago | Getty ImagesStock futures are near flat Sunday night as Wall Street looks to what’s next after a post-election rally propelled the market to record highs.Futures tied to the Dow Jones Industrial Average added 19 points, trading slightly above breakeven. S&P 500 futures were also little changed, while Nasdaq 100 futures climbed 0.2%.Sunday’s action follows a big week for U.S. stocks, with the three major averages closing at all-time closing highs. The Dow and S&P 500 both notched their…
(Reuters) – President Volodymyr Zelenskiy said late on Sunday that strength and diplomacy must work together to bring the Russian war in Ukraine to an end and to ensure that such conflict does not happen again in the future. “We understand very clearly that diplomacy has no prospects without strength,” Zelenskiy said in his nightly video address. “But without a clear understanding of diplomatic goals, weapons alone will not do the job. That’s why strength and diplomacy must work hand in hand.” This is the only way to secure a lasting peace and to prevent from wars such as the…
This article was written byFollowTrapping Value is a team of analysts with over 40 years of combined experience generating options income while also focusing on capital preservation. They run the investing group Conservative Income Portfolio in partnership with Preferred Stock Trader. The investing group features two income-generating portfolios and a bond ladder. Trapping Value provides Covered Calls, and Preferred Stock Trader covers Fixed Income. The Covered Calls Portfolio is designed to provide lower volatility income investing with a focus on capital preservation. The fixed income portfolio focuses on buying securities with high income potential and heavy undervaluation relative to comparatives.…
By Gerry Doyle SINGAPORE (Reuters) – China’s much-anticipated J-35A stealth aircraft, centrepiece of this week’s Zhuhai air show, has been more than a decade in the making, but experts say little is known about its capabilities. The first public appearance of the land-based J-35A will take place on Tuesday, a day after the 75th anniversary of the founding of the People’s Liberation Army Air Force (PLAAF), and will include a flying display. Another variant, the J-35, is designed for use with China’s aircraft carriers. Even as it takes to the skies more than 10 years after its progenitor, the J-31,…
(Bloomberg) — Asian stocks may struggle in early trading after Chinese economic measures underwhelmed and the release of anemic inflation data over the weekend. Bitcoin topped $81,000 after President-elect Donald Trump took a clean sweep of the seven US battleground states. Most Read from Bloomberg Australian shares fell while futures in Tokyo and Hong Kong signal losses after China’s 10 trillion yuan ($1.4 billion) plan to help local governments deal with hidden debt stopped short of including new measures to boost domestic demand. US contracts edged higher after the S&P 500 rose 0.4% on Friday to cap stocks’ best week…
BEIJING (Reuters) -China’s consumer prices rose at the slowest pace in four months in October while producer price deflation deepened, data showed on Saturday, even as Beijing doubled down on stimulus to support the sputtering economy. In its latest stimulus measures, the country’s top legislative body approved a 10 trillion yuan ($1.4 trillion) package on Friday to ease local government “hidden debt” burdens, rather than directly injecting money into the world’s second-biggest economy, as some investors had hoped. Analysts say the package will likely do little to boost economic activity, demand and prices in the near term. The consumer price…
In a strategic response to a slowed economy, China is considering a significant fiscal move: a 10 trillion yuan ($1.4 trillion) stimulus aimed at revitalizing growth by bolstering local government debt management, supporting consumer spending, and stabilizing core economic sectors. This fiscal plan, as per recent reports, would be spread across multiple years, with large portions channeled through special-purpose bonds for infrastructure and other targeted areas. Alibaba Group Holding Limited (BABA), a prominent figure in China’s e-commerce and cloud markets, stands to be impacted by this stimulus. With its strong foothold in retail via Taobao and Tmall and significant presence…
(Reuters) – Australian battery maker Novonix said on Monday (NASDAQ:) it had signed a binding off-take agreement with automaker Stellantis (NYSE:) to supply high-performance synthetic graphite material to its cell manufacturing partners in North America. As part of the agreement, the Brisbane-headquartered firm will supply a minimum of 86,250 metric tons, up to a target volume of 115,000 metric tons of synthetic graphite from its Riverside facility in Chattanooga, Tennessee, to Stellantis’ cell manufacturing partners in North America from 2026 until 2031. “This contract allocates the remainder of our available volumes at our Riverside facility and a portion of volumes…