Author: Multibagger News

By Rodrigo Campos (Multibagger) – Foreign investors poured a net $30.9 billion into emerging market stocks and debt portfolios in August as markets position for an imminent rate cut from the U.S. Federal Reserve, according to data from a banking trade group. Fixed income funds ex-China saw $27.8 billion in inflows, with $1.4 billion going to Chinese debt. Despite a $1.5 billion outflow from Chinese equities, the net inflow to stocks was $1.7 billion. “The expectation of Fed cuts in the near future seems to be priced in, and investors are positioning themselves into EM debt in large quantities,” stated…

Thierry Breton Resigns from European Commission, France Appoints Stephane Sejourne as Replacement In a surprising turn of events, Thierry Breton of France has abruptly resigned from the European Commission and has been replaced by Foreign Minister Stephane Sejourne as the country’s candidate for the next EU executive body. This unexpected twist comes as Commission President Ursula von der Leyen prepares to announce her new team. Breton, a high-profile member of the European Commission known for his work in shaping EU regulations and responses to various issues, accused von der Leyen of questionable governance in his resignation statement. He alleged that…

Lagos, Nigeria, September 16th, 2024 – Onboard Secures Funding from Coinbase Ventures & LAVA to Drive Global Expansion and Unlock Onchain Economy Potential As the world faces unprecedented challenges, Onboard announces a significant expansion and rebrand, with successful capital raise from Coinbase Ventures and LAVA. This marks the evolution of Onboard into a comprehensive platform empowering onchain builders globally. With over 3.5 billion people living below the poverty line and rampant inflation, Onboard believes in the transformative possibilities of the onchain economy. The platform enables independent builders and creators to bring the world onchain, offering a gateway for as little…

Breaking News: Bicycle Therapeutics (NASDAQ: NASDAQ:) Receives Buy Rating and $55.00 Price Target After Clinical Data Update H.C. Wainwright reaffirms its Buy rating and $55.00 price target on Bicycle Therapeutics following the company’s recent clinical data update presented at the 2024 annual Congress of the European Society for Medical Oncology (ESMO). The update showcased results from the Phase 1/2 Duravelo-1 Study evaluating the efficacy of zelenectide pevedotin (BT8009) in treating patients with metastatic urothelial cancer (mUC). The data revealed a 45% objective response rate (ORR) with promising results, highlighting the potential of zelenectide pevedotin as a treatment option for mUC.…

Hedge Fund Frenzy: Why Investors Are Betting Big on the Japanese Yen in 2023 By Jamie McGeever ORLANDO, Florida (Multibagger) – Hedge funds are showing their most bullish stance on the Japanese yen in eight years, driven by a significant shift towards ‘long’ positions. As the yen strengthens, the currency’s volatility is also on the rise, raising questions about whether this rapid change is sustainable. Surge in Yen: A Look at the Numbers Since mid-July, the yen has surged 15% against the dollar, making it slightly stronger year-to-date. Commodity Futures Trading Commission (CFTC) data reveals that hedge funds and speculators…

Canada’s Economy Struggles Despite Rate Cuts: What Investors Need to Know By Promit Mukherjee OTTAWA (Multibagger) – Despite three interest rate cuts since June, Canadian consumers still appear to be feeling more stressed than their neighbors in the U.S., where the Federal Reserve has yet to start any reductions in borrowing costs. The persistent financial pressure reflects the vagaries of the Canadian mortgage structure, a surge in rents and a heavy debt load carried by many households. All three have crimped disposable incomes. With more mortgage renewals coming up and high population growth to put more upward pressure on rents,…

Israeli Defence Minister Warns of Closing Window for Diplomatic Solution with Hezbollah – What Does This Mean for Your Investments? Israeli Defence Minister Yoav Gallant has issued a warning to U.S. Defense Secretary Lloyd Austin regarding the diminishing possibility of a diplomatic solution to the standoff with Hezbollah in southern Lebanon. This news comes as White House Special envoy Amos Hochstein visits Israel to address the crisis on the northern border. Gallant emphasized the urgency of the situation, stating that as long as Hezbollah remains connected to Hamas in Gaza, the situation will continue to escalate. The potential for a…

Capital One Financial Corp (NYSE:COF) has released its monthly credit card charge-off and delinquency statistics for August 2024 in a regulatory filing submitted to the SEC. This data provides insights into consumer credit behavior and the financial health of Capital One’s credit card portfolio. Investors closely monitor these disclosures as they can indicate trends in the credit card industry and reflect the economic well-being of consumers. The information shared by Capital One can impact investor sentiment and influence the company’s stock performance on the NYSE. The filing did not include specific figures but emphasized the essential facts related to credit…

Top Investment Manager Insights: Focus on Labor and Growth Data, Not Just Fed Rate Cuts In a recent note, Morgan Stanley strategists highlighted that despite the expected Fed rate cuts, the key focus for stock markets in the coming months will be on labor and growth data rather than just the size of the rate cuts. This shift in focus is crucial for understanding how markets may react in the short-term. The strategists argue that if labor and growth data show improvement, a series of 25bps rate cuts could create a positive environment for risk assets. On the other hand,…

Global Equities Experience Ninth Straight Week of Net Selling: What’s Next for Financial Markets? Introduction Global equities faced another challenging period, with net selling for the ninth consecutive week from Sept. 6 to Sept. 12, according to Goldman Sachs analysts. The investment bank’s latest client note highlights significant shifts in gross trading flow, with short sales notably surpassing long buys. Sector Analysis Among the sectors, financials, healthcare, industrials, and communication services emerged as the most net bought, with financials witnessing the largest net buying surge since June 2023 after a prolonged period of net selling. Conversely, information technology, staples, and…