This year’s first bull market in China’s stocks perished after just 69 trading days.
— Read on www.bloomberg.com/news/articles/2019-06-06/trade-war-claims-china-s-first-bear-market-after-just-69-days
China Issues 5G Licenses as Race to Build Networks Heats Up – Bloomberg
China approved four operating licenses for 5G networks, setting the stage for the super-fast telecommunications system amid simmering tensions with the U.S. over technology and trade.
— Read on www.bloomberg.com/news/articles/2019-06-06/china-issues-5g-licenses-as-race-to-build-new-networks-heats-up
Goldman Sachs and UBS execs: Markets are ‘overpricing’ Fed rate cuts
The financial markets are getting too far ahead on expectations for potential for Federal Reserve rate cuts, according to a pair of top global bankers at UBS and Goldman Sachs.
— Read on www.cnbc.com/2019/06/06/goldman-sachs-and-ubs-execs-markets-are-overpricing-fed-rate-cuts.html
Here’s how high oil could go if a conflict broke out with Iran
In an area responsible for the shipment of one-third of the world’s seaborne oil, just how high could military confrontation — or indeed, an outright war — send the price of crude?
— Read on www.cnbc.com/2019/06/06/heres-how-high-the-price-of-oil-could-go-if-conflict-broke-out-with-iran.html
Planning for retirement? Build a mini pension with these 3 RRSP stocks
If you’re investing for retirement, it pays to buy long-term stocks like Fortis Inc (TSX:FTS)(NYSE:FTS).
— Read on www.msn.com/en-ca/money/topstories/planning-for-retirement-build-a-mini-pension-with-these-3-rrsp-stocks/ar-AACrnIo
Steepening Yield Curve Shows Market Isn’t Waiting for Fed to Act
Futures reflected more than 70 basis points of easing in 2019 at one point Wednesday, a move that helped push key portions of the curve to their widest since at least November. Bets on steepening — historically the darling trade during easing cycles — are building amid signs of weakness in U.S. manufacturing
— Read on ca.finance.yahoo.com/news/steepening-yield-curve-shows-market-171348712.html
5G is not overhyped, ‘it’s a global need’: Boingo CEO
Mike Finley, CEO of internet service provider Boingo, told Yahoo Finance On the Move that 5G is necessary and “not something that happened overnight.”
— Read on ca.finance.yahoo.com/news/5-g-is-not-overhyped-its-a-global-need-boingo-ceo-135500154.html
Fed Inches Toward Rate Cut as Trade War Frays Patience
The Federal Reserve’s top policy makers aren’t yet ready to cut interest rates, but worsening trade tensions are nudging them in that direction. In separate comments Tuesday, Fed Chair Jerome Powell and his No. 2, Richard Clarida, reassured nervous investors they’re watching closely for signs that disputes
— Read on ca.finance.yahoo.com/news/fed-inches-toward-rate-cut-040000573.html
10-year yield could fall to 1.75% by end of the year: market watcher
Expectations of a dovish Federal Reserve have revived the 10-year yield this week, but Chad Morganlander, portfolio manager at Washington Crossing Advisors, says the bounce could be short-lived.
— Read on www.cnbc.com/2019/06/05/10-year-yield-could-fall-to-1point75percent-by-end-of-the-year-market-watcher.html
Loonie will surge if Poloz doesn’t follow Fed on cuts: Rosenberg – BNN Bloomberg
Loonie will surge if Poloz doesn’t follow Fed on cuts: Rosenberg – BNN Bloomberg
— Read on www.bnnbloomberg.ca/loonie-will-surge-if-poloz-doesn-t-follow-fed-on-cuts-rosenberg-1.1269061