Analysts say the partial U.S.-China trade deal doesn't touch on thorny issues plaguing both sides, and warn talks could break down again.World Economyread more
"The Champagne should probably be kept on ice, at least until the two presidents put pen to paper," said state-owned media China Daily.Traderead more
Economists polled by Reuters had expected Chinese exports denominated in the U.S. dollar to fall by 3% and imports to decline by 5.2% in September, compared to a year ago.China Economyread more
The U.K. and EU are gearing up for what could be the busiest week in British politics since June 2016.Europe Politicsread more
"It seems like what the two leaders have done is try to set some of the thorny political issues to the side," said Dhruva Jaishankar, director of the U.S. Initiative at the...Asia Politicsread more
The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
The United States has cleared the final procedural hurdle in order to impose tariffs on billions of dollars of European products later this month.World Economyread more
A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
"Deepfakes" are being used to depict people in fake videos they did not actually appear in, and can potentially affect elections, diplomacy and how markets move, experts say.Technologyread more
Chinese President Xi Jinping warned on Sunday that any attempt to divide China will be crushed.China Politicsread more
Investors poured a record $1.3 billion into funds managing tech shares over the past week, contrasting with a picture of ebbing inflow into world equity vehicles and losses on U.S. stock funds, Bank of America/Merrill Lynch (BAML) said on Friday.
The data, which tracks flows through Wednesday, also showed some alarm over junk debt, with some $600 million in outflows from high-yield bond funds, an eight-week high.
World stocks are witnessing their second day of losses, albeit after the longest daily winning streak in almost 11 years. A 0.4 percent pullback in U.S. tech shares on Thursday came after a 40 percent jump in 2017 alone.
"The recent pullback is a 'dress rehearsal' not the Big One," BAML told clients, noting the fall had been preceded by "insane gains" which had pushed for instance the value of U.S. tech firms and their U.S.-listed Chinese peers past the entire market capitalization of Germany's DAX index.
U.S. as well as European junk bond yields have hit record lows in recent months, with the latter having fallen below U.S. Treasurys, the bank noted.
A meltdown would "require recession risk or moves higher in wage inflation, bond yields, and volatility or credit spreads."
Equity funds received a net $3.9 billion, slowing from the previous week's $5 billion, though mutual funds witnessed $1 billion in outflow.
U.S. equities suffered outflows of $5.6 billion while European funds took in $2.9 billion, having enjoyed gains in nine of the past 10 weeks.
Bonds took in $6.5 billion, with the 46th straight week of flow to investment-grade funds and $500 million going to emerging debt funds, the latter slowing from recent weeks.