financializer news A weblog highlighting financial topics making news in the international media.

everyone: I hoped to find a bit of levity within the gathering gloom.I was disappointed, according to The Toronto Star. Colbert, normally never at a loss for words, seemed as nonplussed as everyone else at the unfolding events. Scott Kowalchyk / Tribune News Service By Gordon Pape Building Wealth Sat., Nov. 12, 2016 At 11 p.m. on election night, I switched over to watch Stephen Colbert live special on the U.S. Showtime network. Not even one of the country brightest satirists could find something funny to say. He replied in one word cataclysmic . At that point, I switched back to CNN. Few people ever really thought Donald Trump would win. At one point he asked a guest to compare the stunning results to historic U.S. elections. (news.financializer.com). As reported in the news.

hillary clinton: In her concession speech, Hillary Clinton herself observed We are a far more divided society than we realized, according to The Guardian. In the Seattle Times, Nicholas Confessore and Nick Corasanti described the electorate as unprecedentedly segregated socially and geographically About half of Americans now live near people more politically like them than not, whether in conservative rural towns or sprawling liberal cities. The complex lines that divide us are now exposed, and they run deeper than we thought from what we see as the most pressing issues facing the country, to our values, to our understanding of race, gender and freedom. Few Trump supporters report having close friends voting for Mrs Clinton. Republicans and Democrats have always been on opposite sides of political and social fences. Many Clinton supporters are more likely to see Trump voters on television than in person. (news.financializer.com). As reported in the news.

dobry sygna: Premier Brandenburgii Dietmar Woidke, kt ry pe ni te funkcj koordynatora rz du Niemiec ds. polsko-niemieckiej wsp pracy mi dzyspo ecznej i przygranicznej, wielokrotnie upomina si o zwi kszenie dofinansowania spotka m odzie y z Polski i Niemiec, according to Deutsche Welle. W ci gu 25 lat istnienia Polsko-Niemieckiej Wsp pracy M odzie y spotka o si ze sob ok. 2,7 mln m odych Polak w i Niemc w Ka de euro zainwestowane w polsko-niemieck wymian m odzie y jest inwestycj w przysz o . To dobry sygna w tym jubileuszowym roku polsko-niemieckiego traktatu o dobrym s siedztwie! powiedzia Woidke w podsumowaniu decyzji komisji bud etowej Bundestagu. Bud et Polsko-Niemieckiej Wsp pracy M odzie y wyniesie w przysz o ci razem z wk adem Polski 10 mln euro. Polsko-Niemiecka Wsp praca M odzie y, zwana te jugendwerkiem od niemieckiej nazwy Deutsch-Polnisches Jugendwerk, powsta a w 1991 roku. Dotychczasowe dotacje nie wystarcza y jednak, eby realizowa wszystkie zg aszane z Polski i Niemiec projekty. Redakcja poleca Die Welt To buduje mosty Efektem setek tysi cy spotka m odzie y s nie tylko przyja nie, ale nawet polsko-niemieckie rodziny - m wi w Warszawie o polsko-niemieckiej wymianie m odzie y premier Brandenburgii Dietmar Woidke. 14.06.2016 Przez 25 lat jej istnienia przy okazji ok. 70 tys. polsko-niemieckich przedsi wzi spotka o si ze sob 2,7 mln m odych Polak w i Niemc w. (news.financializer.com). As reported in the news.

egyptian pound: This will make our foreign currency reserves jump to 23.5 billion dollars, Amer affirmed, according to Global Times China. The foreign currency reserves at the CBE declined since the 2011 uprising that toppled former president Hosni Mubarak from 36 billion dollars to 19.6 billion dollars as of the end of September 2016. Meanwhile, Governor of the Central Bank of Egypt CBE Tarek Amer told official MENA news agency that Egypt has received Friday an initial 2.75 billion dollars from the IMF. Egypt reached an initial deal with the IMF on a 12 billion dollars loan in August, a move seen by many experts as a necessary step to help the country ailing economy. Earlier this month, the CBE announced the devaluation of the Egyptian pound by 48 percent which would allow the pound to float in the financial market based on supply and demand. Meanwhile, the Washington-based IMF board said in a statement that further disbursements following the immediately released 2.75 billion dollars will depend on the country economic performance and implementation of reforms. The move was meant to limit the hike and shortage of dollar, boost foreign investments and meet a key demand of the IMF to provide Egypt with the loan. (news.financializer.com). As reported in the news.

market: The Dow Jones Industrial Average DJIA, 0.21%soared to new heights, adding 5.4% for the week, its biggest weekly gain since December 2011, while the S&P 500 SPX, -0.14% rose 3.8% on the week, the strongest since October 2014, according to Market Watch. The Nasdaq Composite COMP, 0.54% had its best week since February, finishing the week 3.8% higher. V also represents the shape of the stock market trajectory as Donald Trump historic upset will likely recharge this bull market which had been languishing until he clinched the White House, according to analysts. The gains were driven as much by relief over the end of the presidential election, which had been hanging over the market like a wet blanket, as by investors repositioning portfolios to prepare for what many expect will be ramped up fiscal spending. That the election coincided with a recovery in earnings and a more upbeat outlook on the economy will juice stocks higher in a V-shaped rebound that was already in progress, according to Binky Chadha, chief strategist at Deutsche Bank in a separate note. Read Trump happened What it means for stocks, bonds, other markets Markets have so far given this result the benefit of the doubt, embracing the potential boost to growth and inflation that could come from a shift in the policy mix, said Deutsche Bank analysts in a special report released Friday. (news.financializer.com). As reported in the news.

nonconsecutive terms: The comparison is an easy one to draw, and not only because of a common penchant for sexist and offensive statements or perennial roles as lawsuit defendants, according to Deutsche Welle. In 1993, then a highly successful media magnate, Berlusconi rose to power as the leader of the newly-founded nationalist and populist Forza Italia party. In the same interview, Berlusconi condemned US President Barack Obama for destabilizing the world by promoting the Arab Spring. He has allegedly admitted he entered politics to enjoy parliamentary immunity as he found the legal complaints against his businesses piling up. It only shows a small-minded superiority complex towards America that Italian politicians are not entitled to. Over three nonconsecutive terms, the tycoon went on to become Italy longest-serving prime minister since World War II. Let Trump work Berlusconi told Corriere della Sera that Italy was in no position to criticize the US choice Donald Trump will demonstrate his ability to govern his country .the discussion in Italy does not make sense. (news.financializer.com). As reported in the news.

purposes india: But opponents argue that India, which tested nuclear weapons in the 1970s and 1990s, could end up using technology obtained through the pact for military purposes, according to The Japan Times. India is a nonsignatory to the Nuclear Non-Proliferation Treaty. The pact opens up a massive market for Japan nuclear energy industry, which suffered a huge setback from the March 2011 Fukushima disaster, and falls in line with Prime Minister Shinzo Abe infrastructure export-focused growth strategy. The government has downplayed the concerns, saying strictly peaceful use of the nuclear technology is ensured by provisions stating Japan that can terminate the pact if India breaks its 2008 promise to maintain a moratorium on nuclear testing. It will ensure India will take responsible action regarding the peaceful use of nuclear energy, Abe said. The pact matches with our country stance to promote nonproliferation and a world without nuclear weapons, Abe told a joint news conference Friday after the deal was signed in Tokyo at a meeting with Indian counterpart Narendra Modi. (news.financializer.com). As reported in the news.

pension: Webb makes the claim in a new report published by mutual insurer Royal London, which concludes that urgent action needs to be taken to deal with this problem before a whole generation of women reach pension age with incomplete pension records . This is a sensitive area for the government because of an ongoing row about thousands of women born in the 1950s who say that controversial changes to the state pension age have left them facing financial hardship, according to The Guardian. The new claims relate to rules introduced in 2013 which mean that families where one parent earns more than 60,000 a year are hit with a tax charge which wipes out their entire child benefit payment. Steve Webb, ex-pensions minister, said the women, currently totalling around 50,000 but with the number rising every year, may have lost out on more than half a billion pounds in state pension rights over the past three years as a result of a wider clampdown on entitlement to child benefit. The rules, known as the high income child benefit charge, also affect people earning 50,000-plus, because once you hit this level of income child benefit is gradually clawed back until you receive nothing at 60,000. Many people have opted to give up the benefit so they don t have to pay the extra tax. Those in this position can choose to carry on receiving their child benefit, but if they do they have to pay extra tax, which will cancel out some or all of the money they get. (news.financializer.com). As reported in the news.

san diego: A US federal judge on Thursday encouraged lawyers involved in a class-action lawsuit against Mr Trump now-defunct university to settle the case out of court, according to Nine News Australia. US District Judge Gonzalo Curiel, whom Mr Trump accused of bias during the campaign because of his Mexican heritage, said at a hearing in San Diego, California, that another judge had offered to work with both sides on a possible settlement. Mr Trump is currently the subject of more than 70 active lawsuits, with one of the more controversial due to begin in a fortnight. I can tell you right now Im all ears, Trump attorney Daniel Petrocelli told Curiel, according to local media. He added that he planned to file a motion for the trial to be delayed for several months while Mr Trump prepares to take office on January 20. Mr Petrocelli told the judge it was unlikely that Mr Trump, who has been called as a witness in the case, would be able to attend the trial set for November 28 in San Diego. (news.financializer.com). As reported in the news.

shoulder: But as he places the notes in his wallet, the machine starts ejecting a flurry of notes that fall on the ground all around him, according to Nine News Australia. After quickly looking over his shoulder to see no one is watching the man bends down to scoop up the cash. CCTV footage, posted on Live Leak today and reportedly filmed in Malaysia, shows the man standing in front of the ATM and taking a handful of notes he d just withdrawn. According to caption in Live Leak, the cash accidentally dispensed added up to A 3000. Nine Digital Pty Ltd 2016Send your photos, videos and stories to can remain anonymous. It is not known if the man reported the money and malfunction to the bank. (news.financializer.com). As reported in the news.

three-decade veteran: Yet the real estate magnate upset win triggered the opposite reaction -- a bonanza for greenback bulls and one of the most stunning rallies since the financial crisis, according to Bloomberg. Scott Petruska, a three-decade veteran of the foreign-exchange industry, counts himself among those who didn t anticipate the Republican sweep of Congress that accompanied Trump triumph. The widely held view was that a victory by Donald Trump in the U.S. presidential election would spur a dollar rout as investors anticipated uncertainty and financial-market volatility that would cause the Federal Reserve to delay interest-rate increases. Investors are betting the power of the executive and legislative branches combined will open the fiscal tap, boosting economic growth and spurring faster inflation. We have a Republican president and a Republican Congress -- things may actually happen after eight years of gridlock in Washington. The net result of that scenario is that expectations are mounting for a higher Fed rate target, boosting the appeal of holding dollars. function global function ad Code markets/article dimensions id 1 0 2 1 10 strategy targeting targeting Modifiers ; ; window ; It probably ranks as one of the biggest surprises in the currency market in the past 30 years, said Petruska, a Newton, Massachusetts-based senior adviser at SVB Financial Group. (news.financializer.com). As reported in the news.

ultra-low-cost carriers: Transport Minister Marc Garneau says he heard the gripes, and is taking steps to open up competition by raising the limits on foreign ownership in Canadian airlines, in hopes of spurring no-frills airlines, known in the industry as ultra-low-cost carriers, according to The Toronto Star. Those carriers like Allegiant Air in the U.S. or Ireland Ryanair offer only the basics and passengers will often pay for any extras, whether it to bring a carry-on bag or to print a boarding pass at the airport. PATRICK DOYLE / THE CANADIAN PRESS By Vanessa LuBusiness reporter Sat., Nov. 12, 2016 Canadians have long complained about sky-high air fares and fees on domestic routes, and on flights down south, millions are willing to trek across the border in search of better deals at U.S. airports. In a speech last week in Montreal, Garneau said the Liberal government would bring in legislation to raise the foreign ownership cap from the current 25 per cent to 49 per cent though no single investor can own more than 25 per cent. Article Continued Below But it unclear whether the raising of foreign ownership caps will be enough to lower the price of flights within Canada, with some calling for additional relief for existing airlines or even more dramatic changes to long-held airline regulations. This will lead to more options for Canadians, and allow the creation of new, low-cost airlines in Canada, Garneau said. (news.financializer.com). As reported in the news.

term: But the relationship is more metaphorical than causal, according to The Guardian. That, in any case, is the sense in which American commentary has appropriated the term Brexit shorthand for the punishment administered by angry voters to what they perceive as a corrupt, metropolitan establishment. There are analogous dynamics driving support for Brexit and for Donald Trump, just as there are comparable weaknesses in the remain proposition and Hillary Clinton candidacy. But Brexit is not a metaphor in the UK, it is government policy. It adds new layers of diplomatic complexity and economic uncertainty. The election of Mr Trump does very little to make its passage smoother. (news.financializer.com). As reported in the news.

business day: In China spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day, according to Xinhua China. The central parity rate of the yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. The central parity rate of the renminbi lost 230 basis points, falling to 6.8115 against the dollar Friday, breaking the threshold of 6.80 for the first time since Sept. 2, 2010, according to data from the China Foreign Exchange Trade System. Trump defeated Democratic candidate Hillary Clinton in U.S. presidential election Tuesday, and the dollar has rallied against several major currencies since Wednesday on the back of a string of positive economic data and the expectation of a looming U.S. interest rate hike. The number of Americans applying for unemployment aid fell more than market expectations last week as the job market kept improving, according to latest data, which strengthened the rationale for a U.S. interest rate increase. The predictions of an interest rate increase by the U.S. Federal Reserve in December did not change after the presidential election, which led to a stronger dollar and weaker non-dollar currencies, said Liu Yangyi, an analyst with the Bank of China. (news.financializer.com). As reported in the news.

canadian: Frank Gunn / THE CANADIAN PRESS By The Canadian Press Fri., Nov. 11, 2016 Kirkland Lake Gold Inc. has identified the unsolicited alternative joint bids valued at 1.44 billion it rejected from two miners it deemed inferior to a deal it previously accepted with Newmarket Gold Inc, according to The Toronto Star. Responding to market rumours after its shares were halted Friday on the Toronto Stock Exchange, Kirkland Lake confirmed that Gold Fields Netherlands Services B.V. and Silver Standard Resources Inc. submitted several proposals in cash and Silver Standard shares. Shares for Kirkland Lake Gold Inc. were halted on the Toronto Stock Exchange on Friday, leading the mining company to confirm that it rejected unsolicited joint bids valued at 1.44 billion in favour of a deal with Newmarket Gold Inc. In an Oct. 28 proxy circular, Kirkland Lake said it receive alternative bids but didn t identify the proponents. Consequently, Kirkland Lake said under terms of the deal with Newmarket, it is prevented from holding discussions with the rival bidders or providing them any access to information to conduct due diligence. The Toronto-based miner said Friday that after receiving legal and financial advice it determined the revised proposal was not financially superior to a deal with Vancouver-based Newmarket announced in September. (news.financializer.com). As reported in the news.

cash-depended economy: Key points People are being forced to queue for hours and banks are running out of the new currency The Government announced the overnight withdrawal and replacement of banknotes to combat corruption and tax evasion Most Indians support the idea but it has meant hardship in cash-depended economy It has been two days since India suddenly withdrew most of its money from circulation and people have been waiting outside banks for several hours, desperate to get money that grocery stores will accept, according to Australian Broadcasting Corporation. Manoj Kumar, who works in real estate, has spent the last two days lining up each day to exchange the equivalent of 40 in worthless bills for money he can use. ABC News James Bennett Related Story India abolishes larger banknotes in surgical strike against black money Related Story Indian banks call thousands of police as people rush to ditch abolished banknotes Map India This week the Indian Government announced the overnight withdrawal and replacement of 330 billion worth of banknotes, but delays in getting the new currency into India largely cash economy are creating frustration and hardship. I came here by 10 00am. We are not able to buy our daily useable things. It is 11 30am now and it will take another two hours to get inside, Mr Kumar says. (news.financializer.com). As reported in the news.

century: Reconstruction in the 18th century was followed by a century of Jim Crow, according to CNN. The civil rights movement of the 1950s and 60s was followed by President Ronald Reagan and the rise of the religious right. But the term describes an old reality Dramatic racial progress in America is inevitably followed by a white backlash, or whitelash. (news.financializer.com). As reported in the news.

companies: While turnover of domestic e-commerce companies ballooned from 52 million yuan 7.6 million U.S. dollars in 2009 to 91.2 billion yuan in 2015, traditional bricks and mortar retailers are losing ground, according to Xinhua China. British retailing giant Marks & Spencer announced on Wednesday that it will shut its 10 stores on the Chinese mainland and lay off more than 400 workers, the latest in a growing list of major western retailers such as Best Buy and Tesco to pull out of a difficult market. The Singles Day online shopping bonanza, which happens in China on November 11 every year, showcases the rise of online retailing platforms such as Vipshop, JD and Alibaba. Though e-commerce has seen explosive growth over the past eight years, widespread fraud now haunts online retailers that fail to take appropriate measures. Even for sales-record holder Alibaba, Singles Day is a double-edged sword. Just before Singles Day, the State Administration for Industry and Commerce held talks with the country 15 leading e-commerce companies, telling them that price fraud, false advertising, unfair competition, sales of fake and shoddy goods, as well as scalping were strictly prohibited. (news.financializer.com). As reported in the news.

arms makers: European arms manufacturers could not boast quite such good numbers, but also saw significant increases in their share values, according to Deutsche Welle. The British firm BAE Systems, which sells everything from warplanes to naval vessels around the world, saw its share prices rise between three and four percent, as did the French Thales Group, which specializes in remote weapons systems, and Germany biggest military equipment supplier Rheinmetall, which saw its value rise by 2.9 percent. Donald Trump victory in the presidential election led to a surge in the prices of shares in arms makers, especially large American ones Northrop Grumman, Lockheed Martin and Raytheon all gained between 5.4 percent and 7 percent in the day following the Republican victory. It wasnt difficult to see the immediate cause for this boost. Both the US and Russia are likely to go on a military spending spree Below the line that all good news for Europe defense industry. Trump has always demanded a bigger contribution from the Europeans in defense efforts, one trader told the N-TV news outlet. (news.financializer.com). As reported in the news.

dow jones: A correction is typically defined as a drop in an asset of at least 10% from a recent peak, according to Market Watch. That forecast would put the broad-market benchmark peak well above its previous record of 2,190.15, reached Aug. 15. Expectation is for U.S. stocks to endure at least 11% decline after top recorded, he said. He sees the Dow Jones Industrial Average DJIA, 0.21% possibly rising as far as 19,434 in a 1-2 day blow-off. With stocks stretching higher, DeMark warns that it may be appropriate to take caution Heed and caution are appropriate at this time, he said. The S&P 500 ended Friday at 2,164.45, while the Dow closed at a record 18,847.66, notching its second record close in a row. (news.financializer.com). As reported in the news.

executive officer: The founder and chief executive officer of Wealth Navi Inc., a startup backed by Japan three biggest banks, is developing an app that encourages users to invest their spare change by putting aside a few yen each time they open their wallets, according to The Japan Times. The software works like this When a customer buys something with their credit card or electronic money, it rounds up from the purchase price to the nearest 100 and collects that change. Kazuhisa Shibayama is trying to change that, one coin at a time. Once the balance reaches 500, the cash is channeled into an investment fund selected using the robo-adviser algorithm-based technology. Wealth Navi is one of many companies emerging around the world that are seeking to appeal to tech-savvy investors and disrupt the financial services industry using computers to do the job of money managers. Shibayama ambitions depend on whether younger Japanese can be persuaded to save and invest more as wages stagnate, stock prices fall and interest rates evaporate in an economy that still plagued by deflation. (news.financializer.com). As reported in the news.

onshore yuan: The central parity rate of the Chinese currency weakened 230 basis points to 6.8115 against the dollar on Friday, the lowest rate since September 2010, according to the China Foreign Exchange Trade System, according to Global Times China. The onshore yuan was quoted at around 6.81 as of 11am on Friday, while offshore yuan traded in Hong Kong sat at about 6.83 against the US dollar, according to the Foreign Exchange Trade System. Although the yuan depreciation will persist in the short-term, mainly due to the influence of monetary policies Trump is likely to implement after assuming the presidency, such fluctuations will be within a controllable range, experts predict. The US currency rebounded on Thursday, just a day after Donald Trump presidential win surprised the world and prompted the dollar steep fall earlier this week, Zhou Yu, director of the Research Center of International Finance at the Shanghai Academy of Social Sciences, told the Global Times on Friday, noting that the market has absorbed the panic over Trump victory. The expectations of an interest rate hike by the US central bank, which is projected to take place in December and strengthen the dollar, is another factor behind the yuan downward pressure, Xu Gao, chief economist at China Everbright Securities Co, told the Global Times on Friday. The US dollar index, which tracks the greenback against a basket of six major currencies, was trading 0.12 percent higher on Thursday. (news.financializer.com). As reported in the news.

reserve currency: S&P US outlook was still stable, the agency said in New York, adding that it did not expect any change in its assessment in the immediate future, according to Deutsche Welle. Standard Poor noted the US kept having a diversified and resilient economy, with the dollar remaining the world most important reserve currency. It left its rating untouched at AA the agency second-best ranking. Long-term prospects Nevertheless, all big ratings agencies indicated they were aware of Trump political inexperience and the uncertainty it created. It said its credit rating could be negatively affected in the middle and long term, if his proposals were fully implemented. Watch video 01 50Share Winners and losers of the US election result Send Facebook Twitter Google Whatsapp if typeof WURFL object if WURFL.is mobile && ! -1 WURFL.is mobile && ! -1 ; Tumblr linkedin stumble Digg reddit del.icio.us Newsvine Permalink and losers of the US election result On Wednesday, the Fitch ratings agency warned of negative consequences of Trump proposed economic policies. (news.financializer.com). As reported in the news.

company: The company was the biggest faller on the FTSE 250 as it warned full-year profits were now expected at between 75m and 80m, lower than the 90m City analysts had been forecasting, according to The Guardian. The company said Following a slowing of activity around the time of the EU referendum, trading conditions in the UK have continued to soften and competition in the market has intensified. Investors took fright as the company warned that trading had been weaker than expected following the EU referendum, with a distinct slowdown in its traditionally strongest months of September and October. Bike prices could rise because of Brexit vote, says Halfords Read more It said the group had been hit by delays to some projects in the commercial sector and weak demand for specialist insulation among petrochemicals and manufacturing customers. The chief executive, Stuart Mitchell, is leaving by mutual agreement with immediate effect . Leslie Van de Walle, chairman, said that at a time when the business was under pressure, they needed a way to accelerate opportunities under new leadership. The company, which supplies insulation, roofing, commercial interiors and other building products, said it would be closing about 20 to 30 branches and cutting some jobs to reduce costs. (news.financializer.com). As reported in the news.

bank: As part of the settlement, Swiss bank UBS, French giant BNP-Paribas, and Bank of America also pledged to provide information that could help pursue more than 40 other banks alleged to have profited from a conspiracy to push and pull foreign exchange rates for more than a decade, according to The Toronto Star. In addition to these very substantial financial settlements that these three settling defendants have agreed to pay, they all agreed to provide extremely valuable co-operation which will help the class achieve greater success against the remaining defendants, said Robert Gain, one of the lawyers who brought the class action on behalf of Canadian investors.A UBS spokesperson wrote that the bank is pleased to have resolved the matter. LOIC VENANCE / AFP/GETTY IMAGES file photo By Marco Chown Oved Foreign Affairs Reporter Thu., Nov. 10, 2016 In a case that could affect hundreds of thousands of retail investors in Canada, three major international banks accused of colluding to manipulate foreign exchange markets have settled a class action lawsuit for almost 16 million. Representatives from Bank of America and BNP-Paribas did not return requests for comment. Article Continued Below The class action includes any investor who held mutual funds that included currency contracts called FX Instruments between 2003 and 2013. The lawsuit against the remaining banks, which is the first benchmark rigging case in Canada, seeks 1 billion in compensation. (news.financializer.com). As reported in the news.

government bonds: They cut fixed income, saying government bonds and the credit market will underperform in the next 12 months, according to Bloomberg. The shift came during the S&P 500 Index best week in two years as more than 1 trillion was wiped off the value of bonds around the world. Strategists led by Jeremy Hale raised the firm recommendation on global equities to overweight from underweight, meaning investors should hold more stocks relative to their benchmarks. While acknowledging the risk that fixed income volatility spills into equities, Citigroup said Trump plans to ramp up fiscal spending will benefit corporate earnings and make bonds less attractive. function global function ad Code dimensions id 1 0 2 1 10 strategy targeting targeting Modifiers ; ; window ; Fiscal easing could be exactly what the U.S. and global economy needs right now, thus lifting real growth expectations but also inflation expectations, the strategists wrote in a note to clients. The capitalization of a global bond-market index slid by 450 billion Thursday, a fourth day of declines that pushed the week total above 1 trillion for only the second time in two decades, Bank of America Merrill Lynch data show. The prospect of stronger nominal growth should bode well for earnings, though we highlight how higher bond yields and rich US equity valuations as a starting point, constrain our optimism. (news.financializer.com). As reported in the news.