38 billion redeemed from top performing hedge funds Private equity and venture capital costs exceed profits Pensions and endowments hold investments to avoid losses LONDON, Dec 15 Reuters The best performing hedge funds are falling victim to their own success as institutional investors such as pension funds and university endowments cut back their most profitable […]

Previous Trading Days Events 13 Dec 2023 PPI data were reported yesterday showing no change in U.S. producer prices in November amid cheaper energy goods. The related report also showed that services prices remained flat for a second straight month, boosting optimism that overall inflation would continue to subside and allow the Federal Reserve to […]

SHANGHAI, Dec 14 Reuters The stock exchange in China39;s city of Shenzhen and the Abu Dhabi securities exchange agreed to promote crossborder investment and listings in the latest flurry of cooperation between institutions in countries looking to cut reliance on the West. It comes days after a similar pact between the Shenzhen exchange and the […]

MUMBAI, Dec 14 Reuters The Indian rupee is expected to open higher on Thursday after a dovish U.S. Federal Reserve outcome prompted investors to price in more rate cuts next year, fuelling a plunge in U.S. Treasury yields and the dollar. Nondeliverable forwards indicate the rupee will open at around 83.30 to the U.S. dollar […]

JOHANNESBURG, Dec 14 Reuters South Africa39;s rand was unchanged in early deals on Thursday, ahead of a slew of local economic data points that could provide fresh clues on the health of the economy. At 0647 GMT, the rand was flat at 18.6650 against the dollar . The dollar index was last down 0.25 after the U.S. […]

Bullish bets firm on most Asian currencies Bearish bets on indian rupee, chinese yuan ease Thai baht turns bearish again Dec 14 Reuters Bullish bets firmed on most emerging Asian currencies as expectations of an end to U.S. interest rate hikes triggered an easing in the greenback, boosting investors39; appetite for riskier assets, a Reuters […]

LONDON, Dec 14 Reuters The dollar dropped to a fresh fourmonth low on Thursday after the Federal Reserve indicated that its interestrate hike cycle has ended and that lower borrowing costs are coming in 2024. On a busy day for policy announcements in Europe, the Norwegian crown strengthened after a rate hike, while the Swiss franc was […]