The start of the trading week has shown that it is becoming increasingly difficult to navigate, never mind predict, markets right now, with many asset correlations being weakened by strong cross-currents of news flow and drivers.
Will investors in Asia take their cue on Tuesday from higher Treasury yields, the lower dollar, the U.S. tech frenzy or the ongoing deterioration in Chinese data and sentiment? A near 90% majority, 38 of 43, predicted interest rates to remain unchanged next quarter, followed by a 25 basis point cut to 4.10% in the final quarter of this year.
Warren Buffett's Berkshire Hathaway, meanwhile, has trimmed its stake in China's BYD, the world's largest seller of electric vehicles. The change in stake is tiny, but potentially symbolic of foreigners' angst at the brewing trade wars.‘I’m counting on this income’: Single mom in NC faces squatter nightmare after Airbnb guests refuse to leaveHere's what investors should expect from Enbridge's dividend in 2024.