Sticky Money Stays in Japan While Short-Term Players Dump Stocks
  • August 20, 2024

Sticky Money Stays in Japan While Short-Term Players Dump Stocks

(Bloomberg) -- When the Japanese stock market endured its worst selloff in years earlier this month, foreign investors were selling futures heavily but buying cash equities. To some, that is a good sign that stickier money hasn’t lost confidence in the market.Most Read from Bloomberg‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemForeign investors sold ¥777 billion

Two rate calls on deck as markets consolidate
  • August 20, 2024

Two rate calls on deck as markets consolidate

Interest rate decisions in Thailand and Indonesia top the Asian calendar on Wednesday, as investors put the recent rebound across many markets on hold and look ahead to a keynote speech from U.S. Fed chief Jerome Powell later in the week. The global equity market picture going into Wednesday appears to be one of consolidation, while U.S. Treasury yields are retreating once again and the dollar is printing fresh lows for the year. Fed Governor Michelle Bowman, one of the most hawkish U.S. rate-setters, on Tuesday repeated that she sees upside risks to inflation and is cautious about cutting rates.