China PMI data, stocks, currencies, oil

SINGAPORE – Chinese markets rose on Thursday as government data showed factory activity grew in June, but most other Asia-Pacific indexes fell. Mainland China’s markets traded higher. The Shanghai Composite advanced 0.37%, and the Shenzhen Component gained 1%. The Hang Seng index in Hong Kong was up 0.13%. Shares of artificial intelligence software company SenseTime … Read more

Analysts still see earnings rising this year even as the U.S. teeters on a recession

Two big earnings trends as we end the first half of the year and look forward to the second half: 1) Aggregate estimates for the S&P 500 are slightly higher than the start of the year, indicating the analyst community as a whole is not modeling a recession into earnings estimates, at least not yet. … Read more

China’s economy didn’t bounce back in the second quarter, survey finds

China’s exports surged by 16.9% in May from a year ago, two times faster than analysts expected. Pictured here on June 15, 2022, are workers in Jiangsu province making stuffed toy bears for export. Si Wei | Visual China Group | Getty Images BEIJING – Chinese businesses ranging from services to manufacturing reported a slowdown … Read more

Wall Street, consumer confidence, currencies and oil

SINGAPORE – Shares in the Asia-Pacific fell on Wednesday after Wall Street’s negative performance on Tuesday. Investors will also be looking forward to Australia’s retail sales report and Japan’s consumer confidence data release. The Nikkei 225 in Japan was down 0.95%, and the Topix slipped 0.87%. Retail sales in Japan rose 3.6% in May compared … Read more

How to tell if the bear market is bottoming, according to the pros

After the worst first-half for US stocks in decades, a major rebound last week prompted some optimism that the worst of the sell-off may be behind us – but not everyone’s convinced. It’s perhaps unsurprising that market watchers are reluctant to call the bottom on the brutal selloff, but there’s one indicator that many strategists … Read more

ECB Lagarde plays down recession risks at Sintra Forum

European Central Bank President Christine Lagarde said the central bank can raise rates faster, if needed. Handout | Getty Images News | Getty Images European Central Bank President Christine Lagarde on Tuesday played down concerns about a recession in the euro zone, also saying her team is ready to raise rates at a faster pace … Read more

Asia markets: Stocks, earnings currencies, oil

SINGAPORE – Shares in the Asia-Pacific region were mixed on Tuesday as investors weigh economic concerns. Hong Kong’s Hang Seng index fell 0.86%, while the Hang Seng Tech index slipped 1.67%. Technology investor Prosus NV will sell some of its stake in Tencent to fund a stock buyback of itself and parent Naspers, the Dutch … Read more

Fund manager says this stock is so cheap it makes ‘no sense’

Trying to buy the dip in a beaten down market might feel similar to stepping into a clearance sale at your favorite store – everything’s on sale and screams “buy.” But with no guarantee that the recent uptick in markets is anything more than temporary, investors are stressing the importance of being selective if adding … Read more

More than half of Americans live paycheck to paycheck amid inflation

With inflation at 40-year highs, workers across all income levels are having a harder time making ends meet. As of May, 58% of Americans – roughly 150 million adults – live paycheck to paycheck, according to a new LendingClub report. That’s down slightly from 61% who reported living paycheck to paycheck in April, but up … Read more

Investors should learn from past bear markets

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 22, 2022. Brendan Mcdermid | Reuters The stock market bounce in recent days is just a relief rally and investors should avoid getting sucked back in, according to Trevor Greetham, head of multi-asset at Royal London Asset … Read more