by Bloomberg.com | Jun 27, 2024 | alerts, Markets/Economy
Traders take money off the table ahead of July meeting Hong Kong equity benchmark also close to entering correction MSCI Inc.’s key gauge for Chinese stocks has entered into a technical correction as policy measures fail to arrest a slide in earnings, increasing...
by Michael Markowski | Jun 27, 2024 | alerts, Markets/Economy
Goldman Sachs has reported that hedge funds are aggressive sellers of tech company shares. Read “Hedge Funds Sell Tech Stocks ‘Aggressively’, Goldman Says”. Goldman had predicted a summer correction on 06/12/24. The selling that has commenced is likely the...
by Bloomberg.com | Jun 27, 2024 | alerts, Markets/Economy
US office vacancy rate is forecast to hit a peak of 24% by 2026. Nearly one-quarter of all US office space will be vacant by 2026 as working from home persists, slicing commercial-property values by as much as $250 billion, according to a report from Moody’s....
by Bloomberg.com | Jun 27, 2024 | alerts, Markets/Economy
Net selling of tech in June on track to be worst on record Prime brokerage desk sees growing signs of equity degrossing In a month when Nvidia Corp. briefly became the world’s largest company, hedge funds were “aggressively” selling tech stocks, according to analysis...
by Bloomberg.com | Jun 25, 2024 | alerts, Markets/Economy
Uncertain how Republicans may react to possible second defeat Chinese premier warned of negative consequences of decoupling America’s deep partisan divide threatens to inject uncertainty into markets even if Joe Biden wins a second term, according to economic...
by Bloomberg.com | Jun 24, 2024 | alerts, Markets/Economy
Perusahaan Listrik Negara notes among biggest losers in Asia Next government mulls lifting debt ratio to two-decade high Indonesian state-run power utility’s dollar bonds have suffered the most in Asia over the past two weeks due to rising concerns about the nation’s...
