INSUBCONTINENT EXCLUSIVE:
By Robert BurgessThere was a time when a bold call from Goldman Sachs Group moved markets worldwide
a research note dated Tuesday
The best the MSCI All-Country World Index of stocks could do was to end the day unchanged
After plunging to a record low of 69.4 for January, the firm has said the index was basically unchanged at 70.9 in February
tradeable assets.
DEBT TRADERS HAVE NO DEBT CONCERNSFor all the hand-wringing over the rising level of corporate debt, those with the most
About nine investment-grade rated issuers including Stanley Black Decker and Huntsman International were in the market on Wednesday seeking
to raise funds.
Some strategists blamed the activity for reducing demand for US Treasuries, which fell
At the heart of the issue is the more than doubling of the size of the US investment-grade debt market since 2008 to about $5 trillion
But as East West Investment Management market strategist Kevin Muir noted in a blog post, company executives would most likely divert cash
from buybacks and dividends to paying down debt if it looked as if their credit ratings were in jeopardy of falling below investment grade
In fact, SP Global Ratings said this month that only 27 issuers globally were downgraded to junk in 2018, the fewest since 2014
The largest junk bond exchange-traded fund is experiencing its biggest cash injection in two years in February, with $1.6 billion flowing
To recap, Pakistani fighter jets on Wednesday struck at targets inside Indian-controlled Kashmir, prompting both nations to close down large
That came a day after India bombed a major terror camp inside Pakistan
The Sensex of Indian stocks declined 0.19 per cent, leaving it little changed on the year
in a research note Wednesday
Moreover, since mid-December our (money flow) data show foreign investors have been losing faith in the local equity market while the surge
after government data showed US stockpiles plunged when the US has become a net oil exporter
The oil market is complicated, and the US still imports lots of crude
The report from the Energy Information Administration said oil imports to the US fell to a two-decade low, with shipments from Saudi Arabia
supplies further, Nussbaum reports
Securities USA, told Bloomberg News
The US imported 5.92 million barrels of crude last week, the lowest level since 1996, the EIA said
The decline in foreign shipments and increase in demand for refined products overshadowed American shale oil production that hit yet another
weekly record.
RUSSIAN BONDS ARE IN HIGH DEMANDMaybe, it had something to do with the outlook for higher oil prices, but Russia is finally
getting some love from the bond market
Russia scored its biggest local-debt auction on record, and foreigners boosted their holdings of the debt for the first time in almost a
exceeding the amount offered
Also, on Wednesday, the central bank published data on bond holdings for January, which showed foreigners increased their share to 25 per
cent, the first gain since March
Pogorelov, an analyst at Credit Suisse, told Bloomberg News
fourth-quarter gross domestic product report will finally be released on Thursday, a month late because of the government shutdown
The median estimate of economists surveyed by Bloomberg is for growth to have slowed to a 2.2 per cent annual rate in the final three months
of 2018 following the best back-to-back gains since 2014
In that regard, economists are rapidly slashing their forecasts
The median estimate in a Bloomberg survey is for the economy to expand 1.98 per cent in the January through March
At the start of the year, the forecast was for 2.30 per cent growth
