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Asia-Pacific markets fall; oil up 2% on possible OPEC+ supply cuts

CNBC Pro: Investment Pro Says ETFs Are a $10 Trillion Opportunity – Revealing Areas of ‘Huge’ Value

Exchange-traded funds offer the advantage of diversification, says Jon Maier, chief investment officer at Global X ETFs. He said the ETF market is “growing exponentially” and estimates it is worth $10 trillion.

He mentions several opportunities for ETF investors in this volatile market.

Pro subscribers can read more here.

— Zavier Ong

Business confidence in Japan̵[ads1]7;s major manufacturers is deteriorating

Sentiment among Japan’s major manufacturers worsened in the July-September quarter, according to the Bank of Japan’s latest quarterly tankan business sentiment survey.

The headline index of major manufacturers’ sentiment came in at 8, down from the previous quarter’s reading of 9. Economists polled by Reuters had expected a print of 11.

“Our expectations and market expectations were for the production reading to pick up – supply conditions had improved, you’ve seen fading supply effects from zero-Covid policies in China, commodity prices coming down a bit,” said Stefan Angrick, senior economist at Moody’s Analytics.

“The fact that the manufacturing side of the economy is not doing so well is certainly not good for the outlook,” he told CNBC’s “Squawk Box Asia.”

But the non-manufacturing index ticked up slightly, which could mean Japan’s late Covid recovery is under way, he added.

— Abigail Of

CNBC Pro: The five global stocks experiencing the de-globalization trend, according to HSBC

New research from HSBC says supply chains, geopolitical tensions and worsening economic conditions have forced many global companies to turn “significantly” inward in search of robust revenue and growth.

In a tough economic environment with recessionary pressures, the bank said turning inward is “probably helpful” for these stocks.

The report entitled “A de-globalization wave?” said European firms’ overseas sales fell below 50% in 2021, the lowest level in five years.

Oil prices jump on reports that OPEC+ is considering production cuts

CNBC Pro: Should investors flee stocks? Strategists give their view – and reveal how to trade the volatility

With monetary policy set to tighten further in the months ahead and Wall Street mired in the depths of a bear market abyss, many investors are beginning to wonder if now is the time to leave the stock market and put their money into other asset classes.

CNBC Pro spoke with market watchers and sifted through surveys from investment banks to find out what the pros think.

Pro subscribers can read more here.

— Zavier Ong

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