(Bloomberg) — China’s one-year bond yields broke below levels last seen in the global financial crisis to the lowest in more than two decades, driven by bets on aggressive policy easing and demand for haven assets. Most Read from Bloomberg The yield on one-year government debt plunged 17 basis points Friday to 0.85%, the lowest since 2003, just a few hours after sliding below the psychological barrier of 1%. Benchmark 10-year bonds also rallied, with yields having now fallen on all except four days this month. The stars seem to be aligned for this year’s rally to extend well into…
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Image source: Getty Images The AstraZeneca (LSE:AZN) share price has been dragged down by several factors in recent months. Sub-optimal clinical trial results for its lung cancer treatment, Dato-DXd, raised concerns, as the drug failed to demonstrate statistically significant improvement in overall survival across the board. Additionally, an ongoing investigation into its operations in China has surfaced, with reports suggesting that numerous senior executives could be implicated in a major insurance fraud case. The pharma company has also faced relatively underwhelming early data from its weight loss drug portfolio, which analysts have described as disappointing. These issues, combined with general…
Adobe Firefly, Tyler Le/BI Stocks need to recover decisively by Friday to avoid tripping a sell signal, analyst Katie Stockton said. If certain technical indicators flash, it would hint at a 10% correction, she wrote. Yet, seasonal strength could help stocks recover quickly. Investors are wading back into the stock market after staging a spectacular retreat on Wednesday, but trouble could still lie ahead. According to Katie Stockton, the magnitude of the rebound will determine how much risk still lies ahead for investors. “If we don’t recover pretty dramatically between now and Friday’s close, so just two days, we will…
””Its Facility in Malaysia, Will Connect the World to Shape the Future of Sustainable Development KULIM KEDAH, Malaysia, Dec. 20, 2024 /PRNewswire/ — On December 14th, EVE Energy (SZSE: 300014), a globally leading lithium battery company, marked a significant milestone in its global growth strategy to drive sustainable development with the arrival of advanced production equipment at its new facility in Malaysia. Located in Kulim, the factory, the company’s 53rd, is poised to become a cornerstone of its international manufacturing and delivery capacity. Specializing in the production of cylindrical lithium batteries for power tools, cleaning tools, electric two-wheelers and etc,…
U.S. President-elect Donald Trump delivers remarks at Mar-a-Lago in Palm Beach, Florida, U.S., December 16, 2024.Brian Snyder | ReutersU.S. President-elect Donald Trump on Friday said he told the European Union it must reduce its trade gap with the U.S. through oil and gas purchases or face tariffs.”I told the European Union that they must make up their tremendous deficit with the United States by the large scale purchase of our oil and gas. Otherwise, it is TARIFFS all the way,” Trump posted on his Truth Social platform shortly after 1 a.m. ET.According to U.S. figures, the country’s goods and services…
LONDON – Amundi Physical Metals plc has issued a new tranche of its gold-backed exchange-traded commodity (ETC), expanding its offerings under the Secured Precious Metal Linked ETC Securities Programme. The latest issuance, Tranche 634, includes 30,000 ETC Securities of the Amundi Physical Gold ETC, which now totals over 51 million securities immediately following this issue. The Amundi Physical Gold ETC provides investors with exposure to gold prices without requiring physical delivery of the metal. Each ETC security is backed by a specific amount of gold, known as the Metal Entitlement, which decreases over time to cover operational fees. As of…
The evidence is building that institutional investors including pension funds are looking more towards ETFs as an appealing investment vehicle. Recent analysis compiled by Blackrock found that pension funds especially are more aware of ETF benefits than ever before. They noticed the resilience of fixed income ETFs at the start of the Covid-19 crisis in the spring of 2020, and the subsequent use of these products by the Federal Reserve for its monetary policy. The Covid-19 crisis and following market events have emphasized the importance of having sufficient liquidity in investment portfolios. As ETFs are often used as liquidity sleeves…
Image source: Getty Images Shares in Rentokil Initial (LSE:RTO) have consistently underperformed the FTSE 100 over the last few years. But I’ve high expectations for the stock in 2025. My investment thesis has two parts. The first is the price-to-earnings (P/E) multiple the stock‘s trading at. And the second is that the underlying business is showing signs of recovery. Valuation Rentokil shares currently trade at a P/E multiple of 26. That doesn’t look particularly low, especially compared with the FTSE 100 trading at an average P/E of around 15. There are however, a couple of things worth noting. The first…
ZURICH (Reuters) – Switzerland on Friday published a long-awaited parliamentary report into last year’s collapse of Credit Suisse, an event that called into question the country’s reputation for financial stability and prompted far-reaching questions about what went wrong. Following an 18-month inquiry, the parliamentary committee made 30 recommendations and requests it said could help prevent a similar crisis in the future. Below are some of the key ones: UBS AND TOO-BIG-TO-FAIL UBS bought Credit Suisse in an emergency rescue, leaving it as Switzerland’s sole globally systemically important bank. The government must take into account how much bigger UBS is in…
By Jeslyn Lerh SINGAPORE (Reuters) -Oil prices fell on Friday on worries about demand growth in 2025, especially in top crude importer China, putting global oil benchmarks on track to end the week down nearly 3%. Brent crude futures (BZ=F) fell by 33 cents, or 0.45%, to $72.55 a barrel by 0730 GMT. U.S. West Texas Intermediate crude futures eased 32 cents, or 0.46%, to $69.06 per barrel. Chinese state-owned refiner Sinopec said in its annual energy outlook released on Thursday that China’s crude imports could peak as soon as 2025 and the country’s oil consumption would peak by 2027…