Edition:
United States

Trevor Hunnicutt

Trade conflict looms but higher rates, oil prices help some stocks

Sep 14 2018

NEW YORK A world stock index climbed as bank and energy shares rose on Friday, but the momentum was sapped by a report that Washington may fire a new salvo in its trade war with Beijing.

Global Markets: Trade conflict looms but higher rates, oil prices help some stocks

Sep 14 2018

NEW YORK A world stock index climbed as bank and energy shares rose on Friday, but the momentum was sapped by a report that Washington may fire a new salvo in its trade dispute with Beijing.

GLOBAL MARKETS-Trade conflict looms but higher rates, oil prices help some stocks

Sep 14 2018

* Oil rises, helping energy shares (Updates with forthcoming U.S. tariffs on China)

GLOBAL MARKETS-Trade hopes lift stocks; emerging markets get boost from Turkey rate hike

Sep 14 2018

* Chinese markets, copper still under pressure (Updates to U.S. stock market open; changes dateline, previous LONDON)

Investors favor lower-risk bonds in latest week: Lipper

Sep 13 2018

NEW YORK Investors favored lower-risk U.S. bond exposure during the latest week, Lipper data showed on Thursday, as trade conflicts, an emerging market crisis and contradictory economic news spoiled the idea of a smooth sprint through the second half of the year.

UPDATE 1-Investors favor lower-risk bonds in latest week -Lipper

Sep 13 2018

(Adds details on funds, investor comment) By Trevor Hunnicutt NEW YORK, Sept 13 Investors favored lower-risk U.S. bond exposure during the latest week, Lipper data showed on Thursday, as trade conflicts, an emerging market crisis and contradictory economic news spoiled the idea of a smooth sprint through the second half of the year. U.S.-based taxable debt funds pulled in $2.4 billion while their equity counterparts faced withdrawals of $1.8 billion, Lipper said. The research service's data covers activity in mutual funds and exchange-traded funds (ETFs) for the week ended Sept. 12. Markets wrestled with prospects of a U.S.-China trade war despite reports that U.S. President Donald Trump's administration has put out feelers to Beijing for a new round of trade talks. Emerging market stocks and currencies remained under pressure from heavy debt loads denominated in dollars that have grown more scarce and expensive this year as the U.S. Federal Reserve tightens monetary policy. Even within U.S. bonds, investors favored lower risk. High-yield bond funds, which are speculative and trade in sympathy with equities, posted $862 million in withdrawals during the week, the most since early July, according to Lipper. Yet higher quality investment-grade corporate bond funds pulled in $3.2 billion and Treasury funds attracted $2.2 billion, the most for both categories since April. Michael DePalma, chief executive officer at PhaseCapital LP, said markets have been demanding higher returns from riskier bonds in recent months. "The widening of credit spreads may be the canary in the coal mine for global investors, as credit markets are flashing an early warning about financial conditions amid the ongoing [emerging markets] crisis and China-U.S. trade uncertainty," said DePalma. "The bond market is clearly signaling something different than the seemingly invincible equity market." On Friday, data showed U.S. wages notched their largest annual increase in more than nine years. Adding to the narrative of a tight job market that could spur inflation, Labor Department data on Tuesday showed job openings surged to a record high in July. Yet producer and consumer price data released later in the week disappointed expectations, suggesting that inflation pressures are actually waning. Weaker inflation could stall Fed rate hikes, a short-term positive for stocks, but could also represent an early warning sign for economic growth. Investors seemed to bet on inflation, with funds invested in debt that increases in value alongside prices, taking in $348 million and most cash since July. The following is a breakdown of the flows for the week, including mutual funds and ETFs: Sector Flow Chg Pct of Assets Count ($ blns) Assets ($ blns) All Equity Funds -1.807 -0.02 7,512.012 12,245 Domestic Equities 0.888 0.02 5,390.279 8,707 Non-Domestic Equities -2.695 -0.13 2,121.734 3,538 All Taxable Bond Funds 2.441 0.09 2,817.005 6,066 All Money Market Funds -3.790 -0.14 2,747.136 1,037 All Municipal Bond Funds -0.136 -0.03 429.345 1,432 (Reporting by Trevor Hunnicutt Editing by Leslie Adler and Grant McCool)

Trade hopes and Turkey rate hike feed the bulls

Sep 13 2018

NEW YORK Signs of movement in the U.S.-China trade stand-off and an interest rate hike in emerging market trouble-spot Turkey sent an index of global stocks higher on Thursday as risk appetite returned.

GLOBAL MARKETS-Trade hopes, Turkey rate hike feed the bulls

Sep 13 2018

* Oil prices ease (Updates to U.S. stock market open; changes dateline, previous LONDON)

Global stocks look for direction in trade strife, oil prices leap

Sep 12 2018

NEW YORK An index of global stocks rose on Wednesday, helped by a report that Washington is proposing a new round of trade talks with Beijing and as resurgent oil prices pumped up energy shares.

GLOBAL MARKETS-Global stocks look for direction in trade strife, oil prices leap

Sep 12 2018

* Oil price rally helps energy stocks (Updates to U.S. stock market open; changes dateline, previous LONDON)

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