Analysis: Falling U.S. bond yields may signal death knell for ‘reflation’ stock trade
Stock investors are watching the dramatic moves in the Treasury market for clues on the fate of one of this year’s most successful plays – the so-called reflation trade that helped power shares of economically sensitive companies higher after nearly a decade of underperformance.
Fed keen to be ‘well positioned’ to act on inflation, other risks, minutes show
Federal Reserve officials last month felt substantial further progress on the U.S. economic recovery “was generally seen as not having yet been met,” but agreed they should be poised to act if inflation or other risks materialized, according to the minutes of the central bank’s June policy meeting.
Exxon investors to prod revamped board on net zero carbon study
Investors calling for Exxon Mobil Corp (XOM.N) to study the impact of getting its oil and gas business to net-zero emissions by 2050 will push for talks later this year with what they hope is a more sympathetic board.
BlackRock becomes first to operate wholly owned China mutual fund biz
BlackRock Inc (BLK.N) has become the first global asset manager licensed to start a wholly owned onshore mutual fund business in China, as the government opens up the country’s $3.5 trillion mutual fund industry.
