In this article, you'll find the list of the hottest stocks to trade on April 19-23, which will publish their earnings!
Lipper: American bond funds and tech equities attract decent inflows
As Lipper data showed on Thursday, US-based taxable-bond funds managed to take in $7 billion for the last week, which is the greatest weekly intake since July. The outcome contributed to an already firm year for debt versus the backdrop of a rate-hiking cycle.
Well, even in a week with huge inflows for technology equities, American fund traders keep favoring debt over equity. On Wednesday, the Fed unveiled plans to cut its own bond holdings, thus marking a historic shift from the ultra-easy monetary policy it had been pursuing since the 2007-2009 global financial meltdown.
In 2017, taxable-bond mutual funds as well as exchange-traded funds have currently brought in almost $219 billion in America, as Thomson Reuters' Lipper research unit states.
Nevertheless, it’s not a bubble, as some financial experts say. Technology-driven disinflation, demographics and debt – all work to put pressure on long-term rates.
While Citigroup reports better-than-expected quarterly data, it is also aims at restructuring its global presence. What will be the impact?
Three more corporations reported their earnings today. While the US session is still closed, let's see the data - it's pretty strong!
Read the daily report to get the full market wrap!
The European Central Bank is holding a meeting on April 22 at 14:45 MT time. What to watch?
The Bank of Canada (BOC) will publish the rate statement and the update on the interest rate on April 21, at 17:00 MT time.