The US authorities filed a lawsuit against Facebook - what are the implications?
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.
Russian media companies are complaining that Youtube and Facebook block them. So sad. Now, what about the stock price?
Have you seen the Tesla stock price? But it has already dropped from that high... will it move up again?
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.