BofA’s Hartnett Says Trump Trade to Shield US Stocks From Plunge
  • January 16, 2025

BofA’s Hartnett Says Trump Trade to Shield US Stocks From Plunge

(Bloomberg) -- Donald Trump’s return to the White House will likely protect US stocks from a big selloff, according to Bank of America Corp. strategists, as investors focus on his protectionist agenda and proposals for lower corporate taxes.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWill Americans Ever Lose Their Taste for Telework?Scaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunIn

Japan’s Retail Investors Begin 2025 With Rush Into Stocks
  • January 16, 2025

Japan’s Retail Investors Begin 2025 With Rush Into Stocks

(Bloomberg) -- Individual Japanese investors welcomed the first trading week of the year by snapping up the largest amount of the nation’s stocks in nine months.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWill Americans Ever Lose Their Taste for Telework?Scaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunIn a City of Sprawl, Wildfire Evacuation Is Getting HarderUndeterred by declines o

Analysis-Investors strap in for prolonged pain in debt-scarred UK markets
  • January 16, 2025

Analysis-Investors strap in for prolonged pain in debt-scarred UK markets

Investors who had been enjoying a brief rebound in long-suffering UK markets are hunkering down for a stretch of losses as ructions in the pound, government bonds and stocks feed on each other and put Britain at risk of a wave of hedge fund attacks. As global borrowing costs rise in a trend led by the U.S. Treasury market, the UK's high-debt, low-growth economy that just months ago appeared to be shrugging off years of post-Brexit gloom is now viewed as vulnerable to capital flight. Traders now expect months of volatility for the pound, which ended 2024 as the top-performing major currency against the dollar due to optimism that the Labour Party's landslide July election win marked the end of years of political instability.

China economy expands 5.4% y/y in Q4, beating market forecast
  • January 16, 2025

China economy expands 5.4% y/y in Q4, beating market forecast

BEIJING (Reuters) -China's economy ended 2024 on better footing than expected helped by a flurry of stimulus measures, although the threat of a new trade war with the United States and weak domestic demand could hurt confidence in a broader recovery this year. For the full-year 2024, the world's second-largest economy grew 5.0%, meeting the government's annual growth target of around 5%.