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IMF fears trade war and weak Europe could trigger sharp global slowdown

7 hours ago DieselGasoil Comments Off on IMF fears trade war and weak Europe could trigger sharp global slowdown
DAVOS, Switzerland (Reuters) – The International Monetary Fund on Monday cut its world economic growth forecasts for 2019 and 2020 due to weakness in Europe and some emerging markets, and said failure to resolve trade tensions could further destabilize a slowing global economy. In its second downgrade in three months, the global lender also cited Read More

IMF cuts global growth outlook, cites trade war and weak Europe

10 hours ago DieselGasoil Comments Off on IMF cuts global growth outlook, cites trade war and weak Europe
DAVOS, Switzerland (Reuters) – The International Monetary Fund on Monday cut its world economic growth forecasts for 2019 and 2020, due to weakness in Europe and some emerging markets, and said failure to resolve trade tensions could further destabilize a slowing global economy. Swiss special police officer keeps watch from a rooftop, ahead of inauguration Read More

Investors punish poorly performing hedge funds by pulling billions

3 days ago DieselGasoil Comments Off on Investors punish poorly performing hedge funds by pulling billions
FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 8, 2019. REUTERS/Brendan McDermid BOSTON (Reuters) – Hedge funds suffered their worst quarterly outflows in two years when investors pulled $23 billion from the industry during the last three months of 2018, new data released on Read More

Return of risk-on fuels worst government debt outflows since October: BAML

3 days ago DieselGasoil Comments Off on Return of risk-on fuels worst government debt outflows since October: BAML
FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 17, 2019. REUTERS/Brendan McDermid LONDON (Reuters) – Government bonds suffered the biggest weekly outflows since October last year as investors plowed money into emerging market and high-yield debt, Bank of America Merrill Lynch (BAML) said on Read More

Saudi and Canadian cuts are leaving world hungry for heavy crude

1 week ago DieselGasoil Comments Off on Saudi and Canadian cuts are leaving world hungry for heavy crude
By Robert Tuttle and Sheela Tobben on 1/13/2019 Duvernay rig floor. Photo: Encana. CALGARY and NEW YORK (Bloomberg) — Output cuts in oil-rich Alberta and Saudi Arabia are combining to leave heavy-crude refiners from the Gulf of Mexico to Asia in a bind. While curtailments in the Canadian province have propelled local prices to their Read More

Investors plow billions into stocks, bonds and EM assets as risk appetite returns: BAML

1 week ago DieselGasoil Comments Off on Investors plow billions into stocks, bonds and EM assets as risk appetite returns: BAML
LONDON (Reuters) – Global investors plowed money back into stocks and bonds this week as they regained their appetite for risk, boosted by dovish comments from Federal Reserve Chairman Jerome Powell. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 8, 2019. REUTERS/Brendan McDermid Equity Read More

Gold-backed ETFs gained globally in 2018, even with North America outflows

2 weeks ago DieselGasoil Comments Off on Gold-backed ETFs gained globally in 2018, even with North America outflows
NEW YORK (Reuters) – Gold-backed exchange-traded funds ended 2018 with new inflows globally as uncertainty about Britain’s exit from the EU drove investors to the perceived safety of European-backed ETFs, more than offsetting outflows in North America resulting from a strong U.S. dollar. FILE PHOTO: Ingots of 99.99 percent pure gold are placed on a Read More

Wall Street rally pauses, but stocks mint weekly gain

3 weeks ago DieselGasoil Comments Off on Wall Street rally pauses, but stocks mint weekly gain
(Reuters) – The S&P 500 ended marginally lower in a choppy session on Friday, but major indexes posted weekly gains for the first time in December following a wild few days of trading that saw equities rebound from a prolonged slide. Major indexes moved in and out of positive territory during the day, action that Read More

Wall Street pushes higher in bid to extend rally

3 weeks ago DieselGasoil Comments Off on Wall Street pushes higher in bid to extend rally
(Reuters) – U.S. stocks pushed higher in a choppy session on Friday following a wild week of trading that has seen equities rebound from a prolonged slide. Major indexes moved in and out of positive territory during the day, action that was emblematic of recent volatility though lacking the huge swings of the past week. Read More