Newton Investment Management

Sep 18, 2023

Goldman Strategists Raise Forecasts for Japanese Shares on Stable Yen View Oil Steadies After Three-Week Rally With Tighter Markets in View Hedge Funds Just Turned Bullish on Dollar Before Key Fed Meeting Alibaba Unveils $2 Billion Turkey Investment in Erdogan Meeting Asia Stocks Look Set to Fall on Wall Street Losses: Markets Wrap France and Germany Clash in Feud Over Europe’s Industrial Crown KKR to Take 20% of Singtel’s Datacenter Arm for $800 Million Scramble for Diesel Helps to Boost Premium on Russia’s ESPO Oil Chinese Police Detain Some Staff of Evergrande Wealth Unit A Crunch in Key Corner of Oil Market Leaves Consumers Vulnerable to Heat and War Stocks Euphoria in India Draws Warning From Top-Performing Fund JPMorgan Sees India Share Sale Boom Reaching $30 Billion in 2024 XPeng’s $31 Billion Gap Shows Hazy China EV Outlook China’s Stock Benchmark Declines to 2023 Low as Foreigners Flee McCarthy Demands 8% Spending Cut, Border Wall to Avert Shutdown Chevron’s Australian LNG Plant Resumes Full Output Amid Strikes The $300 Trillion Question Taiwan Dollar Slump Seen Ending on China Recovery, Chip Outlook Bank of Canada rate pause opens sweet spot for savers: Dale Jackson 3 silent portfolio killers that could drain your retirement savings Registered Education Savings Plan tips for parents and students Millennials’ debt has 'ballooned': RBC economist Dale Jackson: Options could be the right option for your portfolio Canadian tech company uses AI to assess loan qualifications Don’t shy away from asking for a raise, even with recession fears: Experts Finding the right investments for a FHSA can be tricky Canadian spending habits showing early signs of slowing, RBC report finds Dale Jackson: Is your mutual fund really an overpriced ETF? Young Canadians flocking to First Home Savings Accounts, banks say Spending on fun isn’t impossible — it’s just hard, experts say Majority of parents worry about their kid's financial future: Survey Bank of Canada delivers growth and security to retirement portfolios What to consider before budgeting with the cash-stuffing method Northwest Territories to increase minimum wage by nearly 5.6 per cent WonderFi interim CEO on possible changes now that crypto merger is finalized Debt, savings worries up as higher interest rates and costs take a toll: surveys Set your investment portfolio for summer, but don’t forget it The $300 Trillion Question 70-year amortization periods not realistic: OSFI Country Garden Dollar Bond Coupon Due as Yuan Debt Vote to End A Labour Government Would Be Best for UK Markets, Investors Say Japan Post Plans Redevelopment of Urban Centers, Nikkei Says Greece to Boost Climate Disaster Funds With Hotel Tax Hike Fed’s Higher-for-Longer Mantra Has Doubters in Bond Market Charting the Global Economy: ECB Hikes, Cuts Growth Outlook Troubled Shadow Bank Zhongrong Gets Help From China State Giants National home sales fall 4% between July and August as market slows: CREA US Envoy Says Mexico Energy Dispute Merits a Formal Trade Panel Vacant offices can help fix the housing crisis, former deputy PM argues Weekly ABS Issuance Jumps to Highest in Years US Economic Reports on Jobs, Inflation Would Be Delayed in Shutdown El-Erian Warns of ‘Massive’ Corporate Refinancing Next Year Aramco Buys Retailer Esmax in Chile to Expand Fuel Distribution Canadian Home Sales Fall for Second Month While Prices Creep Higher Goldman Says City of London Office Market Risks Oversupply Goldman Strategists Raise Forecasts for Japanese Shares on Stable Yen View China Sends Record 103 Warplanes Near Taiwan Amid US Visits Xi’s Missing Defense Chief Opens a Window for US Military Talks Alcoholic Chocolate Sells Out as Another Boozy Craze Hits China Hedge Funds Just Turned Bullish on Dollar Before Key Fed Meeting Congo Republic Government Denies Speculation of Military Coup Crypto Platform JPEX Shuts Down Trading Amid Hong Kong Probe Alibaba Unveils $2 Billion Turkey Investment in Erdogan Meeting Australia Demands Dating Sites Boost Safety Amid Sexual Violence Asia Stocks Look Set to Fall on Wall Street Losses: Markets Wrap Monaco Bankers Face Trial With Client Linked to ‘Mafia Capitale’ France and Germany Clash in Feud Over Europe’s Industrial Crown KKR to Take 20% of Singtel’s Datacenter Arm for $800 Million Scramble for Diesel Helps to Boost Premium on Russia’s ESPO Oil Chinese Police Detain Some Staff of Evergrande Wealth Unit A Crunch in Key Corner of Oil Market Leaves Consumers Vulnerable to Heat and War Xi’s Security Obsession Turns Ordinary Citizens Into Spy Hunters JPMorgan Sees India Share Sale Boom Reaching $30 Billion in 2024 Kim Jong Un’s Trip to Russia May Help Him Put Spy Satellites in Orbit Oil Steadies After Three-Week Rally With Tighter Markets in View Hedge Funds Just Turned Bullish on Dollar Before Key Fed Meeting Asia Stocks Look Set to Fall on Wall Street Losses: Markets Wrap France and Germany Clash in Feud Over Europe’s Industrial Crown KKR to Take 20% of Singtel’s Datacenter Arm for $800 Million Scramble for Diesel Helps to Boost Premium on Russia’s ESPO Oil A Crunch in Key Corner of Oil Market Leaves Consumers Vulnerable to Heat and War Chevron’s Australian LNG Plant Resumes Full Output Amid Strikes Taiwan Ally Paraguay Is Open to China Investment, Finance Minister Says Australia Says Coal to Nuclear Switch Would Cost $249 Billion Asia Loan Deals Set for Boost From Australia, India, Bankers Say China’s Corn Harvest Escapes Worst of Typhoon Flood Devastation California Governor Blames Fossil Fuel Companies for the Climate Crisis Regulators Are Trying to Stop Greenwashing Before It Gets Worse How Auto Executives Misread the UAW and Ignited a Historic Strike France to Allow Selling Fuel at Loss in Effort to Curb Inflation Brazil Energy Chief Piles Pressure on Petrobras to Pay Tax Debts Brazil Calls on Rich Nations to Pay for Global Energy Transition Ukraine Recap: GOP Senators Urge Biden to Give Ukraine Missiles Canadian automakers, union stare down Monday strike deadline The Daily Chase: U.S. autoworkers on strike; Trudeau pushes grocers on food costs Statistics Canada says manufacturing sales up 1.6% in July after falling in June U.S. auto strike expected to affect Canada in deeply integrated industry Analyst says auto industry should brace for U.S. strike In Congress, a mounting push to bring Latin American countries under USMCA umbrella Wholesale sales excluding petroleum products and oilseeds and grains up in July 'One family, one lawyer' model promises to save divorcing couples time and money ​The Daily Chase: Laurentian review wraps; Fuel boosts Empire earnings Europe's central bank hikes interest rates again even as threat of recession grows ​Credit balances hit record high in Q2: Equifax Canada Canada's economy appears to be slowing down: RBC Economics The Daily Chase: U.S. inflation creeps higher; Dollarama sales up U.S. CPI rose 3.7% in August Consumer spending down with new focus on business practices The Daily Chase: Earnings from Roots; When will oil demand peak? The Daily Chase: First Quantum strike averted; Canopy Growth shares up Bank of Canada may need to raise rates again, despite this week's hold: Macklem Economists weigh in on surprise August jobs gain Xi’s Missing Defense Chief Opens a Window for US Military Talks Australia Demands Dating Sites Boost Safety Amid Sexual Violence France and Germany Clash in Feud Over Europe’s Industrial Crown Chinese Police Detain Some Staff of Evergrande Wealth Unit Xi’s Security Obsession Turns Ordinary Citizens Into Spy Hunters Japan Voters Dissatisfied With PM’s Price Policies, Poll Shows Australia Says Coal to Nuclear Switch Would Cost $249 Billion Zelenskiy to Meet US Senators Amid Threat of Blocked Spending Europe Must Cut Down on Its Dependence With China, Baerbock Says New Zealand May Get First Female Finance Minister in 30 Years Biden Says ‘Lots of Luck’ to Republicans Looking to Impeach Him Europe Is Better Prepared If Trump Wins Again, Germany’s Baerbock Says Brazil Energy Chief Piles Pressure on Petrobras to Pay Tax Debts Ukraine Recap: GOP Senators Urge Biden to Give Ukraine Missiles Swiss Vote on Plan to Nationalize UBS Proposed, SoZ Reports A Labour Government Would Be Best for UK Markets, Investors Say Trump Plans Two Mar-a-Lago Fundraisers for Campaign, Legal Fees Erdogan to Attend UN General Assembly Amid Tensions With US Greece to Boost Climate Disaster Funds With Hotel Tax Hike China Sends Record 103 Warplanes Near Taiwan Amid US Visits Crypto Platform JPEX Shuts Down Trading Amid Hong Kong Probe Australia Demands Dating Sites Boost Safety Amid Sexual Violence Asia Stocks Look Set to Fall on Wall Street Losses: Markets Wrap KKR to Take 20% of Singtel’s Datacenter Arm for $800 Million Kim Jong Un’s Trip to Russia May Help Him Put Spy Satellites in Orbit Erdogan to Meet With Musk Ahead of UN General Assembly XPeng’s $31 Billion Gap Shows Hazy China EV Outlook IPhone Maker Foxconn Aims to Double India Investment, Employment Klaviyo Is Said to Boost Target for Tuesday IPO to $557 Million Taiwan Dollar Slump Seen Ending on China Recovery, Chip Outlook How Auto Executives Misread the UAW and Ignited a Historic Strike Country Garden Dollar Bond Coupon Due as Yuan Debt Vote to End Ukraine Recap: GOP Senators Urge Biden to Give Ukraine Missiles SoftBank Considers Investment or Partnership With OpenAI: FT Greece to Boost Climate Disaster Funds With Hotel Tax Hike Ukraine Recap: EU Grain Import Ban Ends; Kim Meets With Shoigu Ethereum’s Successful Overhaul Sends Developers Scrambling for Another Fix Billionaire Case Bets on Superfast Jet, AI Beyond Silicon Valley The U.S. Fed is failing in four ways: Mohamed A. El-Erian Apple, JPMorgan turn to pay now grow later Remote Working Boom Is Huge for College Towns Like Knoxville Walmart flashes a warning sign to the entire consumer economy: Andrea Felsted Millennials are finally spending like grown-ups Dismal U.S. GDP report raises the odds of recession this year: Gary Shilling Musk is wrong for Twitter even if deal math works out Chocolate bunnies can teach us to save our food supply The Fed has made a U.S. recession inevitable America's oil reserve weapon risks misfiring Four-day workweeks can burn you out U.S. Fed expects a soft landing. Don't count on it Markets are pushing Fed into developing-economy territory Commodity traders go from bonanza to bailout plea Putin's war shows West must clean up dirty money Salary transparency is good for everyone Microsoft's US$69B Activision deal could be a blunder What if the oil market bulls are wrong and this lonely bear is right? Canada's trucker protest may spread from Ottawa to U.S. Airline Stocks Tumble Into Bear Market on Soaring Oil Prices Dow Industrials Paying Price for Leaving Out Amazon and Alphabet Cathie Wood, Boaz Weinstein Among Winners From Bitcoin Fund Bet Taiwan Bourse Taps Into New Crop of Tech Companies to Diversify Zero-Day Options Boom Is Spilling Into $7.4 Trillion ETF Market Crypto Seeks Lifeline in Asia as US Crackdown Spurs More Layoffs Fund Managers See Water Risk in Semiconductor Bets Being Mispriced Crypto Volatility Picks Up on Looming Sales From FTX’s $3.4 Billion Token Hoard Franklin Templeton Joins Race to Offer US Spot Bitcoin ETF ETF Traders Are Pouring Cash Into EM’s Non-China Growth Engines Fear of Stock Market Dive Creeps Back as Hedging Costs Climb Bitcoin ETFs With a $100 Billion Promise Put Old Funds in Danger Making the Case for Buying the Dip Nomura Crypto Chief Warns Market Rout May Delay Unit’s Profit Crypto Trading Volume Slumped to Lowest Level of the Year in August Winklevoss Claims Fuel US Investigation of Barry Silbert’s DCG Crypto Empire China Is Being Left Out by a Record Number of New EM Stock Funds Traders Unfazed as Soft-Landing Calls Stoke Bets on Market Calm Breach of Microsoft Engineer’s Account Likely Led to Hack of US Officials Playing for global basketball and sponsorship glory Awareness still at disadvantage in decades-long battle for tennis pay equity FanDuel, Rivalry deliver something new for betting customers Corporations considering Canadian cricket Curling Canada announces Montana’s as new sponsor of Brier Difficult conversations regarding hockey's 'toxic masculinity' continue at summit Suspended Spanish soccer federation president Rubiales resigns after kiss scandal at World Cup MLB makes strides in attracting younger fans, ticket buyers in growing the game Pegula appoints himself Sabres president, dissolves parent company Royals unveil proposed ballpark, entertainment district plans for two locations NHL eyeing 2025 best-on-best tournament, set international play schedule Canadian clubs talk 'Messi effect' as superstar grabs headlines Garfield Reynolds and Ruth Carson, Bloomberg News , (Bloomberg) -- Hedge funds have turned bullish on the dollar for the first time since March as speculation builds that Federal Reserve policymakers will retain a hawkish bias when they meet this week. Leveraged funds and other major players held a combined 18,000 net long positions on the dollar across eight major peers in the week ended Sept. 12, versus 25,175 net shorts the week before, Commodity Futures Trading Commission data show. The switch was driven by the biggest slide in euro longs since January as traders bet the European Central Bank is about done raising interest rates. “With the U.S. data remaining relatively strong, we believe the dollar rally will continue,” Win Thin, global head of currency strategy at Brown Brothers Harriman & Co. in New York, wrote in a client note. “We expect a hawkish hold from the Fed this week that leaves the door open for further tightening,” he said. “On the other hand, virtually every other major central bank that’s meeting this week is expected to follow in the ECB’s footsteps and hike rates 25 basis points whilst signaling a peak is near.” Investors have been turning more positive on the dollar over the past seven weeks after they had held the biggest net short against the greenback in more than two years at the end of July. The shift has taken place as the resilient US economy boosted the potential that Fed officials will stick with forecasts for at least one more rate hike this year, and led traders to trim bets on steep cuts in 2024. The US central bank is widely expected to keep policy on hold Wednesday, and the focus is more on the so-called dot plot that lays out rates guidance for coming years. Newton Investment Management Ltd. is among investors who switched to becoming a dollar bull in recent months. “We went long dollar on growth differentials,” Trevor Holder, a money manager at Newton Investment in London, said in an interview last week. ©2023 Bloomberg L.P.