Need to Know: China, not U.S., will be 2019's growth story
Just a day after a rally for Wall Street, Germany dimmed the lights on global growth with the worst manufacturing purchasing managers index numbers in nearly 7 years on Friday. The reaction was instant, with risky assets everywhere taking a hit and the yield on the 10-year German bond careened to zero.— Trinh March 22, 2019 “It’s unusual to see such a widespread response to a piece of data like this but we have to remember that this is not a domestic problem.
So with the jury out on U.S. growth and Europe clearly in trouble, who should investors turn to? Our call of the day from Saxo Bank’s Steen Jakobsen advises investors to diversify beyond U.S. shores this year to that trade friend/foe China, which has been pushing hard to keep its own global engine from stalling.
And as the Chinese government tells its 90 million domestic retail investors to boost allocation to stocks, those elsewhere such as in the U.S. will also need to boost that as capital markets are reweighted later this year. The chart Our chart of the day offers a look at the ripple effect of the weak Europe data this morning. Here’s the yield on German government’s 10-year bond TMBMKDE-10Y, -111.42% or the bund, dropping below 0% for the first time in two years. Yields fall as prices rise. Elsewhere, the 10-year Treasury note yield TMUBMUSD10Y, -2.32% has hit a fresh 15-month low at 2.490% this morning.
At a seemingly prime time for IPOs, with Levi LEVI, +31.82% off to a gangbuster start Thursday, Pinterest has sped up the timing of its own offering, say sources.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Wall Street set for higher open on renewed U.S.-China trade hopesWall Street was set to open higher on Friday as investors took heart from positi...
और पढो »
Trump 'wall' in desolate stretch of New Mexico has some asking: Why here?The radio on a Border Patrol SUV driving along the divide was mostly silent. To many locals and public officials familiar with the area, the $74-million structure just west of tiny Santa Teresa marks a surprising priority in the Trump administration’s efforts to build a wall against illegal immigration
और पढो »
New U.S. military budget heavily focused on China despite lawmakers’ border wall talkTo a remarkable degree, the 2020 Pentagon budget proposal is shaped by national security threats that acting Defense Secretary Patrick Shanahan has summarized in three words: 'China, China, China.'
और पढो »
This photo in El Paso shows why a U.S. border wall won’t stop immigration surge from MexicoPresident Trump has declared an emergency at the border. This photo shows why a wall won’t stop asylum seekers from flooding into the United States.
और पढो »
This photo in El Paso shows why a U.S. border wall won’t stop immigration surge from MexicoPresident Trump has declared an emergency at the border. This photo shows why a wall won’t stop asylum seekers from flooding into the United States.
और पढो »
China birth rates fall in several regions in 2018: China DailyChina's birth rate in several regions, including the capital Beijing, fell ...
और पढो »
A former Wall Street exec explains why the average investor shouldn't stress about the market going downEllevest founder Sallie Krawcheck explains how the power of compound interest should outweigh the fear of a stock market drop.
और पढो »
What is the Federal Reserve balance sheet? (And why are Trump and Wall Street so concerned about it?)The Federal Reserve is about to announce what it wants to do with its $4 trillion in assets. Here's why Trump and Wall Street are concerned.
और पढो »