Michael Kurtz, Hong Kong-based head of global equity strategy at Nomura Holdings Inc., Japan’s largest brokerage, comments on Europe’s debt crisis. He spoke in an interview at an equity forum in Singapore.
China’s stock-index futures will allow investors to hedge risks from potential asset bubbles and make equities cheaper in the long-term, according to Macquarie Group Ltd., Australia’s largest investment bank.
More than a century and a half after Millard Fillmore dispatched an emissary to Asia to transform commerce across the Pacific, a U.S. president again sees an historic opportunity to strengthen America’s role in the region.
Distressed debt funds are buying Greek mortgage bonds after yields soared to a record, wagering the securities will rebound if Greece stays in the euro and with some priced so low they can still be profitable with an exit.
Asian stocks rose for the first time in three days after better-than-estimated U.S. data bolstered the outlook for the world’s largest economy and China’s central bank sought to ease cash crunch concerns.
Asian stocks rose, with Japan’s Nikkei 225 Stock Average closing at the highest in six years as the yen touched a sixth-month low against the dollar after U.S. employment and consumer confidence reports boosted optimism in the world’s largest economy.