Hedge funds posted gains of 2.33% in April, mostly driven by macro funds, which managed to perform well amid high volatility, a report by hedge fund data provider HFR showed on Friday. Macro hedge funds, which bet on macroeconomics trends, rose 5.49% in the quarter, according to a macro fund asset weighted index.
Volatility has been the watchword for markets in the last several months, as worries over a hawkish Fed, sky-high commodity prices and geopolitical tensions stemming from the war in Ukraine roil asset prices.
Volatility has been the watchword for markets in the last several months, as worries over a hawkish Fed, sky-high commodity prices and geopolitical tensions stemming from the war in Ukraine roil asset prices.
Gold prices were on track for a third
straight weekly decline on Friday as investors fretted over the
prospects of aggressive rate hikes from the U.S. central bank,
though slight pullback in dollar ...
The yuan's slump has triggered a scramble by Chinese companies to hedge against the risk of further depreciation, which analysts say could add downward pressure on the currency. The yuan's 4% tumble in April, its steepest monthly drop since foreign exchange reforms of 1994, is being driven by portfolio outflows, a rising U.S. dollar and a gloomy economic outlook at home.
Global banks are taking steps to weather the wider impact of war and runaway inflation as the stream of central bank money that kept them afloat for more than a decade is switched off. But if policymakers are hoping banks will help avert recession by turning on their own lending taps, they could be disappointed, bankers, analysts and investors told Reuters.
The dollar was headed for a fifth winning week versus major peers on Friday, ahead of closely watched U.S. jobs report that's likely to back the case for aggressive monetary policy tightening.
Australia's central bank on Friday drastically revised up forecasts for inflation, foreshadowing how far interest rates might have to rise to bring the country's cost of living crisis under control.
Brazil's real slipped 2.5% on Thursday,
hurt by a surging dollar and signals that the central bank's
tightening cycle may be ending soon, while the Czech crown
remained afloat after a ...
Bank of America (BAC) said Thursday that consumers' debit and credit card spending rose across all income brackets in April, although spending levels for lower-income customers appeared to flatten out in recent weeks. The bank said total debit and credit card spending was up 13% in April compared to a year ago, thanks to sharp increases in travel and entertainment spending.
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