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UK Gilt Yields Rise as Government Hints at Fiscal Rule Changes

The UK government's borrowing costs have risen on global financial markets, following news that Chancellor Rachel Reeves is considering changes to Britain's debt rules, reports The Guardian. Reeves, ahead of next week's budget, is expected to announce at the International Monetary Fund's

BOJ Expected to Keep Rates Steady

The Bank of Japan (BOJ) is set to maintain its ultra-low interest rate policy at its upcoming meeting on October 30-31, but may signal a less dovish stance, reports Reuters. This shift could be driven by receding fears of a US recession and the need to prevent further yen depreciation.

China's Stock Rally May Have Legs, Says Goldman Sachs

Chinese stocks are showing signs of life again after a volatile year, and this time, the rally may have staying power, according to a note published by Goldman Sachs. Despite recent gains fading after a September surge, the bank suggests that several factors point to further upside potential in Chinese

US Equities Poised for Further Gains Despite Short-Term Volatility: UBS

UBS maintains a positive outlook on US equities and anticipates further gains for the S&P 500, predicting a target of 6,600 by the end of 2025, according to a note published by its Chief Investment Office on Thursday. The S&P 500 has experienced a three-day

Gold Shines as De-Dollarization Drives Safe-Haven Demand

Gold's recent surge to an all-time high, breaching $2,750 per ounce, has ignited renewed interest in precious metals. This rally, according to a note from J.P. Morgan Asset Management, is fueled by a confluence of factors, including persistent macroeconomic uncertainty, heightened geopolitical risks, and a growing

UBS: US Dollar Strength a Selling Opportunity, Weakness Set to Return

Despite the US dollar's recent surge to a two-month high, UBS remains steadfast in its view that the currency is headed for a downturn. In a note published Wednesday, the Chief Investment Office of the Swiss bank suggests investors to capitalize on current strength to reduce exposure. The

"Magnificent 7" Companies Expected to Drive S&P 500 Q3 Earnings Growth

The "Magnificent 7" tech giants continue to exert their dominance over the S&P 500, with four of these companies projected to rank among the top 10 contributors to earnings growth for the third quarter of 2024, according to a note published by FactSet on Monday. NVIDIA

Chinese Think Tank Floats $280 Billion Stock Market Stabilization Fund

A prominent Chinese policy think tank has recommended the establishment of a massive 2 trillion yuan ($280 billion) stock market stabilization fund to be financed by special treasury bonds, reports Reuters. The proposal, outlined in a quarterly economic report by the Institute of Finance & Banking, affiliated with the prestigious

ECB Policymakers Shift Focus to Inflation Undershoot Risk

In a noticeable shift in tone, European Central Bank (ECB) policymakers are increasingly expressing concern over the risk of inflation falling below their 2% target, reports Reuters. This comes after years of grappling with excessively high inflation. While eurozone inflation dipped to 1.7% last month and is projected to

Investors Shun China in Emerging Markets, Embrace 'Ex China' Funds

A growing wave of investors are turning their backs on China within the emerging markets landscape, opting for funds that exclude the world's second-largest economy, reports the Financial Times. This shift, fueled by concerns over escalating geopolitical tensions and the potential for sanctions, marks a significant change in