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Treasuries Seen Dropping to 1.2% on Recession Risk, SocGen Says

(Bloomberg) — Treasury 10-year yields may slide to a record low 1.2% by the end of next year as the U.S. enters a recession, according to Societe Generale SA.Benchmark 10-year Treasuries will probably rally as the Federal Reserve cuts interest rates by a full percentage point in the first half of 2020 to spur inflation, strategists including Subadra Rajappa wrote in a note.“The market is pricing in a Fed hold, but 10 years into this expansion, we see the Fed leaning toward a more accommodative stance,” the analysts wrote. “We expect a steady decline in Treasury yields in 2020.”Treasuries have …read more […]

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Pinterest, Inc. (PINS): Hedge Funds In Wait-and-See Mode

At Insider Monkey, we pore over the filings of nearly 750 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we’ve gathered as a result gives us access to a wealth of collective knowledge based on these firms’ portfolio holdings as of September 30. In this […] …read more […]

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Stocks drop as Trump's Latin American tariffs revive trade angst

Asian shares skidded on Tuesday after U.S. President Donald Trump stunned markets with tariffs against Brazil and Argentina, recharging fears about global trade tensions, while weak U.S. factory data added to the investor gloom. Contrary to his remarks, both Brazil and Argentina have been trying to strengthen their respective currencies against the dollar. …read more […]

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Global stocks drop as Trump's Latin American tariffs revive trade angst

Asian shares skidded on Tuesday after U.S. President Donald Trump stunned markets with tariffs against Brazil and Argentina, recharging fears about global trade tensions, while weak U.S. factory data added to the investor gloom. Contrary to his remarks, both Brazil and Argentina have been trying to strengthen their respective currencies against the dollar. …read more […]

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U.S. says sees no reason to reduce tariffs in EU aircraft subsidy case

The U.S. Trade Representative’s office on Monday said it saw no basis in Monday’s World Trade Organization report that would justify reducing U.S. retaliatory tariffs by $2 billion as Europe’s Airbus has suggested. “Nothing in today’s report even suggests that the (WTO) compliance panel found that the amount has decreased,” said a USTR spokesman. USTR earlier said it could increase tariffs on a wider range of European goods after the WTO rejected European Union claims that it no longer provides subsidies to Airbus. …read more […]

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GLOBAL MARKETS-Stocks drop as Trump's Latin American tariffs revive trade angst

Asian shares skidded on Tuesday after U.S. President Donald Trump stunned markets with tariffs against Brazil and Argentina, recharging fears about global trade tensions, while weak U.S. factory data added to the investor gloom. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.45% in early trade, with Australian shares dropping nearly 2%, on track for their worst day in two months. …read more […]

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RPT-In China, coal creeps back in as slowing economy overshadows climate change ambitions

China is building more coal-fired power plants and approving dozens of new mines, despite assurances from the world’s biggest greenhouse gas emitter that it was serious about fighting climate change. China’s 2021-2030 policy plans are under close scrutiny as the United Nations climate change conference gets under way in Madrid, especially after a new UN report said the world needs to cut carbon dioxide by 7.6% a year over the decade in order to limit temperature rises. “We continue to work hard to advance the fight against climate change, but on the other hand, we are indeed facing …read more […]