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Retirement Industry People Moves

CFP Board Names New D&I Director The Certified Financial Planner Board of Standards Inc. (CFP Board) has named Dawn Harris as its director of diversity and inclusion (D&I) for the Center for Financial Planning.  In this newly created position, Harris will be responsible for advancing diversity and inclusion programs and growing the number of diverse CFP professionals within the financial planning profession.   “CFP Board and the center are committed to advancing a culture of diversity and inclusion throughout the financial planning workforce,” says CFP Board CEO Kevin R. Keller. “Dawn brings experience and skills that will strengthen our D&I strategic objectives and programs that help drive a more diverse financial profession.”

Retirement Industry People Moves

Retirement Industry People Moves
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ASX to bounce, bond selloff eases

ASX to bounce, bond selloff eases Save Share Australian shares are poised to open higher, recouping some of Friday’s losses, as the panic selling in government bonds abated. The currency continued its fast retreat after briefly trading above US80¢ on Thursday; it traded below US77¢ and then steadied as traders repositioned after a suddenly wider gap between US and Australian bond yields. In New York, the Nasdaq ended higher, bolstered by mega techs even though their early rally faded into the close. The Dow shed 470 points or 1.5 per cent. US markets “found some firmer footing” and US Treasuries were “well bid”, TD Securities said. The yield on the US 10-year note fell 11 basis points to 1.40 per cent.

China, Hong Kong stocks drop over 2% as bond yields surge

HK->Shanghai Connect daily quota used -3%, Shanghai->HK daily quota used -1.8% FTSE China A50 -2.1% SHANGHAI, Feb 26 (Reuters) - China and Hong Kong stocks fell sharply on Friday, in line with broader markets, as a rout in global bonds sent yields flying and dampened appetite for risky assets. The CSI300 index was down 2.1% at 5,352.60 points at the end of the morning session, while the Shanghai Composite Index lost 1.8% to 3,519.09 points. For the week, CSI300 slumped 7.4%, set for its worst week since Oct. 12, 2018, while the SSEC dropped 4.8%. The Hang Seng index dropped 2.4% to 29,342.49 points, while the Hong Kong China Enterprises Index lost 2.7% to 11,404.68.

China stocks post worst week in nearly 2-1/2 yrs as bond yields surge

China stocks fell sharply on Friday to end the week lower, in line with global markets, with the blue-chip index posting its worst week in 28 months, as a rout in global bonds sent yields flying and dampened appetite for risky assets.

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