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  • Mar 05, 2025

Bond market extends selloff after seismic German spending pledge

World financial markets kept on a radical readjustment course on Thursday after U.S. President Donald Trump's shakeup of the transatlantic relationship spurred a seismic, half-a-trillion-euro shift in German defence and infrastructure spending. The European Central Bank cut its interest rates again, as expected, and said monetary policy was becoming less restrictive, which traders took to mean another cut in April might not be a given - giving the euro another boost. "The reality is that I still don't think the enormity of the (German) news has got close to being fully comprehended and digested by global investors yet," said Deutsche Bank's Jim Reid, who estimated that Wednesday's Bund yield spike was the biggest move since German reunification in 1990.

  • Mar 05, 2025

Goldman Sachs raises emerging markets' target on AI-driven China rally

Goldman Sachs raised its target price for emerging markets stocks on Thursday, projecting that the AI-powered rally in Chinese equities could boost other markets as well. The brokerage raised its 12-month target for MSCI Emerging Markets Index by 3%, reaching 1,220 from 1,190, indicating an 11% potential upside from current levels. The increase reflects Goldman Sachs' recent adjustment to its MSCI China target, driven by the impact of AI adoption on valuations through earnings, multiples and portfolio flows.

  • Mar 05, 2025

Oil recovers from multi-year low but Brent remains below $70

LONDON (Reuters) -Oil prices rose on Thursday, recovering slightly from a multi-year low, though Brent was still below $70 under pressure from trade tariffs between the United States, Canada, Mexico and China and OPEC+ plans to raise output. Those factors and a larger than expected build in U.S. crude inventories had sent Brent as low as $68.33 on Wednesday, its weakest since December 2021. Brent futures were up 53 cents, or 0.8%, at $69.83 a barrel by 1246 GMT on Thursday while U.S. West Texas Intermediate crude futures gained 54 cents, also 0.8%, to $66.85.

  • Mar 05, 2025

Philippine Fund Managers Push for Inclusion in Bond Repo Market

(Bloomberg) -- Fund managers in the Philippines expect to be included this year in the market for bond repurchase agreements, a development that could pave the way for more investments in one of Asia’s fastest-growing economies.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to 11-Year LowHow Sanctuary

  • Mar 05, 2025

EXp Realty CEO expects US home sales will rise modestly this year and a more buyer-friendly market

Elevated mortgage rates and rising home prices are freezing out many would-be buyers, keeping the U.S. housing market in a sales slump dating back to 2022. While home sales are off to a soft start this year, it hasn’t been all bad news for home shoppers. Leo Pareja, CEO of real estate brokerage eXp Realty, recently spoke to The Associated Press about his expectations for the housing market, the trajectory of mortgage rates and how home shoppers in places like Florida, Texas and other states where home listings have risen sharply are likely to have more leverage when it comes time to negotiate with sellers.

  • Mar 05, 2025

Why Altcoins Were Soaring on Wednesday

Bitcoin Cash (CRYPTO: BCH) was something of an outlier in a good way, with a more than 23% rise. On Wednesday, President Donald Trump elected to grant a one-month exemption to the freshly introduced tariffs on imports from those countries, specifically to automobile manufacturers.

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