Stocks in Asia, US Futures Dip on Inflation Anxiety: Markets Wrap

“I would not rush in to buy anything blindly right now; I still think we are going to have some pains over the next couple of weeks and months as inflation starts to stabilize, ”Erin Browne, multi-asset strategies portfolio manager at Pacific Investment Management Co., said on the“ Bloomberg Surveillance ”show. .

Goldman Sees Emerging-Asia Currencies Coming Under More Pressure

“Along with the broader emerging market currency complex, high-yielding currencies like the Philippine peso, Indian rupee and Indonesian rupiah have been under pressure in June,” strategists including Zach Pandl and Danny Suwanapruti wrote in a research note. “In coming weeks, we expect this pressure to continue versus the dollar, in some cases potentially posing upside … Read more

Gut-Wrenching Surge in US Real Yields Is Crushing Risky Assets

Inflation-adjusted bond yields were negative for about two years, providing a key pillar of support for risk assets, which looked more appealing as a result. Their climb above zero has evaporated that positive backdrop, undermining equity valuations and threatening their relative attraction to bonds. .

JPMorgan Stars Take Other Side of Dimon’s ‘Hurricane’ Trade

(Bloomberg Opinion) – As chairman and chief executive officer of JPMorgan Chase & Co., Jamie Dimon is perhaps the most powerful person in the banking industry anywhere in the world. So when he says – like he did on June 1 – that investors should brace for an economic “hurricane,” it’s worth taking the warning … Read more

Bonds Fall, Stocks Waver as Inflation Fears Mount: Markets Wrap

“It’s very hard to have conviction at the moment,” Mike Bell, global market strategist at JPMorgan Asset Management, said in an interview with Bloomberg Television. “We think it makes sense to be neutral on stocks and pretty neutral on bonds actually.” The possibility that Russia could retaliate to the EU move on oil by disrupting … Read more