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Futures Slide Alongside Cryptocurrencies Amid China Crackdown zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) The strongest Treasuries rally in a year is encouraging investors to pile back into riskier assets as they grow more confident the Federal Reserve is right to call a surge in consumer prices transitory.Strategists are turning bullish on investments that experienced bouts of underperformance since yields started rising in August last year. Expensive growth stocks, especially technology companies and emerging-market assets have solidified their place on investors’ shopping lists ami ....
[Contribution] What investors can expect from Biden administration Posted : 2021-01-31 10:17 Sylvia ShengBy Sylvia Sheng We expect the Biden administration to focus its near-term efforts on recovery from the virus, both by improving vaccine distribution and by steering another fiscal stimulus package through Congress. On the stimulus, Biden will first attempt to work with congressional Republicans, which will limit the size of any bill. If that fails, congressional Democrats will work alone through the budget reconciliation process, which requires only a simple majority, and would thus likely allow for a larger package. We already expect above-trend growth in the U.S., especially from the second quarter onward. Reinforcing the existing stimulus could turn that into a boom. ....
BEIJING (AP) The U.S.-Chinese trade war isn’t going away under President Joe Biden. Biden won’t confront Beijing right away, economists say, because he wants to focus on the coronavirus and the economy. But he looks set to renew pressure over trade and technology grievances that prompted President Donald Trump to hike tariffs on Chinese imports in 2017. Negotiators might tone down Trump’s focus on narrowing China’s multibillion-dollar trade surplus with the United States and push harder to open its state-dominated economy, which matters more in the long run, economists say. But no abrupt tariff cuts or other big changes are expected. ....