There’s something Jim Cramer doesn’t want you to do. Ever.» Read More
NEW YORK, May 22- Investors have been flocking to highly concentrated stock mutual funds in the hope that more daring bets will produce bigger returns, but it hasn't worked out that way.
*MSCI world index rises, U.S. stocks up in early trading. *U.S., China factory sector data supportive. NEW YORK, May 22- World stock indexes edged higher on Thursday as data showed factory activity picked up in both the United States and China, while U.S.
NEW YORK, May 22- U.S. The National Association of Realtors said existing home sales increased 1.3 percent to an annual rate of 4.65 million units in April, marking the second increase in sales in nine months. "I don't think any of the data this morning was that much of a surprise," said Brian Rehling, chief fixed-income strategist at Wells Fargo Advisors in St. Louis.
HASENSTAB'S $70 BLN GLOBAL BOND FUND HELD 5 PCT OF ASSETS IN UKRAINE AT MARCH 31.
ISTANBUL, May 22- Turkey's central bank surprised markets with its first rate cut in a year on Thursday, weeks after Prime Minister Tayyip Erdogan called for rates to fall- reviving questions about political pressure on the bank. Yields on Turkey's two-year bond slid to a six-month low after the announcement.
LONDON, May 22- Trading in derivatives based on Russian Urals oil, one of the world's biggest grades of crude by volume, has more than doubled in recent months as demand has risen and new brokers have entered the market.
*Best Buy falls in premarket after results. NEW YORK, May 22- U.S. stock index futures were little changed on Thursday, ahead of data on the labor and housing markets, after the S&P 500 advanced for a third time in four sessions. Dow Jones industrial average e-mini futures gained 8 points and Nasdaq 100 e-mini futures added 2.75 points.
*French data brings ECB outlook back into focus. *Some in the market remain nervous about EU elections. LONDON, May 22- Yields on the euro zone's lower-rated bonds stabilised on Thursday as expectations the European Central Bank will ease monetary policy overshadowed concerns about EU elections.
*Cuts in waste spending could trim borrowing by $4 bln. NEW DELHI, May 22- India's finance ministry is working on a proposal for the new government to cut welfare spending and rein in the deficit in its first budget, to allay fears of fiscal slippage that would increase the risk of a sovereign credit downgrade.
NEW DELHI, May 22- India's finance ministry is working on a proposal for the new government to cut welfare spending and rein in the deficit in its first budget, to allay fears of fiscal slippage that would increase the risk of a sovereign credit downgrade.
LONDON, May 22- Yields on the euro zone's lower-rated bonds fell on Thursday after data showed French business activity unexpectedly contracted in May, strengthening the case for more monetary policy easing by the European Central Bank.
May 22- After Detroit filed for bankruptcy last summer, portfolio managers at Eaton Vance municipal bond funds saw a gem hidden in the plumbing of the beleaguered Midwestern city. Eaton Vance's payoff is just one example of the recovery of municipal junk bond funds so far this year, after a tough 2013..
*Banco de Chile could be next in line to tap Australian market. SYDNEY, May 22- Australia's A $1.5 trillion bond market is attracting interest from borrowers in Latin America and the Middle East, as they seek to diversify their portfolio and lower funding costs in the world's fourth-largest pension savings pool.
TOKYO, May 22- Japanese government bond prices ended the morning session modestly lower on Thursday, as rallying equities undermined the appeal of safe-haven fixed income assets.
TOKYO, May 22- Japanese government bond prices were slightly softer on Thursday as share markets rose, but remained in a familiar range, with immediate focus on a 400 billion yen sale of long-dated bonds. The 10- year cash JGB yield rose 0.5 basis point to 0.595 percent while the 10- year JGB futures price dipped 0.04 point to 145.18.
NEW YORK, May 21- Medium- and longer-dated U.S. "The Fed's going to stay behind the curve" in raising rates, said Chris McReynolds, head of U.S. Treasury Trading at Barclays in New York, after the release of the minutes.
*MSCI all-world index gains along with U.S. stocks. NEW YORK, May 21- World stock markets and U.S. bond yields rose on Wednesday on views the Federal Reserve could raise interest rates more slowly than expected. The euro declined for a second straight session against the dollar on expectations of further easing from the European Central Bank.
*MSCI all-world index gains, U.S. stocks up in early trading. NEW YORK, May 21- World stock markets rose while U.S. bond yields edged higher on Wednesday on views the Federal Reserve could raise interest rates more slowly than expected.
NEW YORK, May 21- Medium- and longer-dated U.S. "There's a concern that rates will rise much more slowly than the market is anticipating," said Sean Murphy, Treasuries trader at Societe Generale in New York.
*Rwanda bourse to offer trading of derivatives. KIGALI, May 21- Rwanda's finance minister said the country will soon allow derivatives trading on its stock exchange and a new investment code, which could offer tax breaks for foreign investors, has been sent to parliament.