Daily News

Source: BNN Bloomberg October 25, 2022

Fundamentals 'flashing red' as last pillar of credit crumbles

Corporate credit conditions are worsening, with the last of three key measures now “flashing red,” according to a traffic-light system used by Janus Henderson Investors. The outlook for cash flow and earnings was downgraded from amber in the third quarter,...

Source: BNN Bloomberg October 25, 2022

Morgan Stanley's Wilson sticks to bullish call amid client doubt

One of Wall Street's most vocal bears is doubling down on his short-term bullish call on equities a week after his initial view was met with skepticism by clients. Morgan Stanley's Michael Wilson sees stocks grinding higher as markets transition to expecta...

Source: BNN Bloomberg October 25, 2022

U.K. bonds surge on hopes Sunak victory will cement fiscal caution

U.K. bonds surged after Rishi Sunak emerged as the frontrunner to become prime minister, a candidate investors expect will restore credibility to economic policy making and help calm the nation's rattled markets. Short-dated notes led the rally, sending th...

Source: BNN Bloomberg October 25, 2022

Yellen 'closely monitoring' financial markets as volatility rises

Treasury Secretary Janet Yellen said that while the U.S. financial system remains resilient, the current backdrop has created the conditions where risks to its stability could appear. This is a “dangerous and volatile environment” for the global economy, i...

Source: BNN Bloomberg October 25, 2022

Global junk-bond sales drop most ever with no signs of recovery

Junk bond sales are falling at an unprecedented rate globally as interest rates rise, a double blow to riskier companies in need of financing in the next few years. Issuance for high yield corporates plummeted 73 per cent through Oct. 24 compared with the...

Market Call Source: BNN Bloomberg October 25, 2022

Eric Nuttall's Top Picks: October 24, 2022

Eric Nuttall, partner and senior portfolio Manager, Ninepoint Partners FOCUS: Energy stocks MARKET OUTLOOK: Despite lingering worries of a recession and the potential negative impact on oil demand, we believe energy investors are positioned for fur...

Source: BNN Bloomberg October 25, 2022

U.S. stocks keep rally going as big-tech earnings loom

U.S. stocks rallied for a second straight session as investors geared up for some of the world’s biggest companies to report earnings this week. Traders also mulled whether the Federal Reserve will slow its pace of interest-rate hikes after assessing weak eco...

Source: BNN Bloomberg October 25, 2022

TSX recap: Index closes 0.3% higher

Canada's main stock index was up Monday, continuing Friday's rally, while U.S. markets were also up.  The S&P/TSX Composite Index was up 57.45 points, or 0.3 per cent, at 18,918.40. In New York, the Dow Jones Industrial Average was up 417.06 points at 3...

Source: BNN Bloomberg October 25, 2022

Tesla options hint at trouble ahead with bets near US$200 a share

Tesla Inc. was the one of the biggest laggards in the S&P 500 Index on Monday, and options traders are betting the stock could drop further before the weekend.  A put contract with a Friday expiration and a strike price of US$200 was the most-traded contra...

Source: Financialpost October 25, 2022

Matthew Lau: Ottawa’s woke plan for washroom equity

Ottawa is flamboyantly committed to demonstrating its wokeness and wasting everyone’s money Government absurdities are like dandelions in the summer. They are everywhere and there are so many to choose from. But while dandelions are generally u...