This month’s wild ride in global stocks and fears of an emerging market crisis led funds to raise bond allocations to eight-month highs, even though most investors remain bullish on the outlook for Japan and the West.
Go here to see the original:
Global funds buy more bonds as China-fueled volatility surges: Reuters poll
(Reuters) – BNY Mellon Corp’s computer glitch this week disrupted pricing on nearly 5 percent of U.S. mutual funds and exchange-traded funds, according to data from Morningstar Inc and Lipper Inc.
See more here:
BNY Mellon glitch disrupted pricing on nearly 5 percent of US funds
(Reuters) – Wall Street opened lower on Friday, suggesting investors were wary of taking big positions into the weekend after days of tumultuous trading that featured both the market’s worst day in four years and biggest two-day gain since the financial crisis.
Wall Street opens lower after two-day rally
(Reuters) – U.S. funds cut recommended equity allocations in August and increased exposure to debt, a Reuters poll found, largely maintaining a broad trend since the start of the year as stocks underperform and government bonds remain in demand.
U.S. funds cut recommended global equity exposure again: Reuters poll
DUBAI/LONDON (Reuters) – A second oil price rout of 2015 has forced Arab OPEC members to cut their price expectations for this year, showing they are prepared to tolerate cheaper crude for longer to defend market share and curb rivals’ output.
See more here:
Exclusive: Arab OPEC producers brace for oil-price weakness for rest of 2015
SHANGHAI/BEIJING (Reuters) – China’s largest banks warned of a tough year after posting their weakest half-yearly profit growth in at least six years as a slowing economy forces the lenders to make even more provisions for soured loans and squeezes interest income.
China banks warn of rising bad loans and falling margins as economy slows
JACKSON HOLE, Wyo. (Reuters) – Recent market turmoil should not delay the Federal Reserve from raising U.S. interest rates at least once, given that the selloff and a slowdown in China have so far had little effect on the U.S. economy, a top Fed official said on Friday.
See the original post here:
Market turmoil shouldn’t delay at least one Fed rate hike: Bullard
JACKSON HOLE, Wyo. (Reuters) – Two top Federal Reserve officials who have pressed for interest rate hikes said on Friday that a spate of violent swings in financial markets won’t knock the U.S. economy off its feet.
Originally posted here:
Two Fed officials pressing for rate hikes unfazed by market volatility
WASHINGTON, (Reuters) – U.S. consumer spending picked up a bit in July as households bought more automobiles, offering further evidence of strength in the economy that could keep the door open to a Federal Reserve interest rate hike this year.
Consumer spending rises in July; inflation muted
(Reuters) – Violent swings in financial markets over the last 10 days will probably not change the Federal Reserve’s view that the U.S. economy is on a firm footing, a top Fed official said on Friday.
Fed’s Bullard says market swings not hitting economic outlook: Bloomberg
(Reuters) – U.S. stock index futures fell on Friday, after a two-day market rally, suggesting nervousness heading into the weekend after a hair-raising ride for global markets in the past few days.
Read the rest here:
Stock futures fall after two-day market rally
LONDON (Reuters) – HSBC reported a computer glitch on Friday which it said prevented some of its British business customers from making payments, leaving thousands of workers without wages ahead of a three-day weekend.
Read the original here:
British payments glitch at HSBC leaves thousands without wages
(Reuters) – China’s central bank is highly likely to ease monetary policy again by the end of this year, according to economists surveyed by Reuters, as it seeks to support a rapidly cooling economy and calm financial markets.
China’s central bank likely to ease policy again by end-December: Reuters poll
LONDON (Reuters) – U.S. private equity firm Carlyle is in advanced talks about buying Innovation Group for 40 pence a share in cash, valuing its equity at almost 500 million pounds ($769 million), the British software company said on Friday.
Read the original post:
Carlyle in talks on $770 million takeover of UK’s Innovation Group
NEWPORT BEACH, Calif. (Reuters) – The Pentagon is teaming up with Apple, Boeing, Harvard and others to develop high-tech sensory gear flexible enough to be worn by people or molded onto the outside of a jet.
Here is the original post:
Pentagon teams up with Apple, Boeing to develop wearable tech