Emerging markets hit by worst sell-off in decades

Emerging market bonds are suffering their worst losses in almost three decades, hit by rising global interest rates, slowing growth and the war in Ukraine. The benchmark index of dollar-denominated EM sovereign bonds, the JPMorgan EMBI Global Diversified, has delivered total returns of around minus 15 per cent so far in 2022, its worst start … Read more

fpi selloff: After 8 months of relentless outflows, is FPI selloff showing signs of slowdown?

Over the last eight months, foreign portfolio investors (FPIs) have dumped Indian stocks at a pace comparable only with that of the Global Financial Crisis, with their net sales crossing the Rs 2 lakh crore mark earlier this month. There are several factors prompting overseas investors to exit Indian stock markets in droves. Stretched valuations, … Read more

Gold climbs over 1% on dollar sell-off as growth woes weigh

Breadcrumb Trail Links PMN Business Author of the article: Reuters Ashitha Shivaprasad Article content Gold prices rose over 1% on Monday, boosted by a slide in U.S. dollar to its lowest in a month, while growth concerns in the economy kept bullion’s safe-haven demand intact. Spot gold rose 1% to $1,863.70 per ounce by 1004 … Read more

Stock Selloff to Intensify as Fresh 10% Plunge Looms, Survey Finds

(Bloomberg) — Get ready for a fresh slump in the world’s most-watched stock index, as economic growth fears spiral and the Federal Reserve embarks on its biggest policy-tightening campaign in decades. Most Read from Bloomberg With the S&P 500 flirting with a bear market last week and notching more than $1 trillion in losses, participants … Read more

Funds post record soymeal selloff but corn views don’t budge -Braun

Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Publishing date: May 22, 2022  •  18 minutes ago  •  3 minute read  •  Join the conversation Article content NAPERVILLE — Speculators continued selling Chicago-traded soybean meal at a hot pace last week as prices dipped near four-month lows, but they continue carrying a hefty … Read more

US Dollar: After 4 weeks of selloff, gold manages to attract buyers as US dollar takes a break

After four weeks of sharp losses and a break below the key $1800/oz level, COMEX gold ended the week with a robust 1.9% gain. Gold’s sharp fall in the last few days made it susceptible to short-covering moves. Gold corrected more than 10 per cent after testing the $2,000/oz level on April 18 and hit … Read more

Crypto lender Celsius stung by sell-off in digital asset market

Crypto lender Celsius Network has suffered a 50 per cent decline this year in the value of assets deposited on its platform, a sign of the pressure the industry is facing in the wake of falling digital token prices. Celsius, which borrows cryptocurrencies from its customers and lends them out to earn a return, had … Read more

Selloff puts Dow, S&P 500 on cusp of bear market. History says more pain may lie ahead.

History shows that when the S&P 500 enters a bear market, it tends to stay awhile. Back-to-back drops left the large-cap benchmark SPX, -0.58% down 18.7% from its Jan. 3 record finish on Thursday, closing at 3,900.97. A fall of 20% from a recent peak is the traditional definition of a bear market. That would … Read more