Loading…
Loading…
US stocks may have further room to rise despite elevated valuations, as the earnings and productivity gains generated by artificial intelligence are not yet fully reflected in equity prices, according to HSBC's Willem Sels. According to Bloomberg, Sels, global chief investment officer at HSBC Private Bank and Premier Wealth, said investors remain skeptical about the sustainability of corporate earnings growth, particularly among technology and semiconductor companies.
The Trump administration's fiscal policy is at odds with its goals for interest rates and the bond market. Trump's latest trade threats raise the stakes for the economy.
US bonds unwound all of the gains that followed Treasury Secretary Scott Bessent's plan to increase buybacks of longer-dated debt. The moves pushed the 30-year yield on Thursday back to levels seen just before the Treasury's announcement a day prior.
US bonds unwound all of the gains that followed Treasury Secretary Scott Bessent's plan to increase buybacks of longer-dated debt, a sign that investors see it as only a short-lived remedy to curb borrowing costs. Jonathan Levin, Bloomberg Opinion Columnist, reacts to the treasury market moves.
Asian stocks opened Tuesday with two markets sending different signals. South Korea's KOSPI jumped more than 3% as trading resumed after a holiday, helping lift MSCI's Asia-Pacific index outside Japan by 0.8%.
Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." -------- More on Bloomberg Television and Markets Like this video?
The 30-year Treasury yield touched 5.24% recently, marking its highest level since 2007. The risk of the Fed raising interest rates this year and persistently high inflation are pressuring yields higher.
Fresh tensions over the Strait of Hormuz, a vital maritime route for 20% of the world's oil, could keep gasoline from falling below the $3 mark.