Funds' Underweight Stance on China Stocks Leaves Room for Rally bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) — Stocks took a breather after rallying to all-time highs, with investors turning to Federal Reserve speakers and jobless claims data for new clues on the path of interest rates. S&P 500 futures were little changed, while Europe’s benchmark index edged lower. Treasuries and the dollar posted small moves. Meanwhile, copper soared for another…
Investor sentiment has turned positive after a slew of global investment banks made positive calls on Chinese stocks amid expectations of more policy support from Beijing.
A dovish US Federal Reserve and a gigantic share buy-back programme from Apple lifted Hong Kong stocks with sentiment remaining upbeat after China’s top policymakers signalled further support to economic growth.
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