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

asian equities: China's stock markets were hit hard - its benchmark stock index fell to four-year lows - in a gloomy session for Asian equities and for the yuan which approached a two-month low, according to Nine News Australia. China's premier warned of risks to the economy from an escalating tariff war with the United States. To improve your experience update it here News World Stocks fall after hawkish Fed minutes8 25pm Oct 18, 2018Facebook Tweet Mail The dollar has risen to a one-week high and stocks have edged lower after signs that the Federal Reserve will keep raising interest rates through 2019 undermined a bounce in world markets. European shares, however, largely shrugged off the disappointment in Asia. A pan-European equity index rose 0.4 per cent. London's FTSE traded 0.1 per cent higher and Frankfurt's DAX and Paris's CAC both rose 0.3 per cent. (news.financializer.com). As reported in the news.

bloomberg markets: Bloomberg's Lianting Tu reports on Bloomberg Markets China Open, according to Bloomberg. Source Bloomberg More From Bloomberg Markets The Close' Full Show 10/19/2018 14 hours ago06 12Rockefeller's Chang Says China's Currency Biggest Issue17 hours ago03 40Goldman's Moran on Corporate Pension De-Risking Strategies17 hours ago03 49China's Central Bank Tries to Reassure Investors17 hours ago All episodes and clips Quick Take Explaining the world with Bloomberg News More episodes and clips02 53China's Tech Giants Aren't Copycats Anymore02 33Taking From the Rich Might Not Help the Poor02 43It's Getting Harder to Spot a Deep Fake Video03 15Why Japan's Women Problem Is So Hard to Fix The David Rubenstein Show The David Rubenstein Show Peer-to-Peer Conversations explores successful leadership through the personal and professional choices of the most influential people in business. Analysts say it's due to a perception among investors that state support will continue for the debt-laden sector. More episodes and clips24 05The David Rubenstein Show Christine Lagarde24 05The David Rubenstein Show Barry Diller48 11The David Rubenstein Show Jeff Bezos24 03The David Rubenstein Show Dr. Jim Yong Kim See all shows (news.financializer.com). As reported in the news.

bolton: Bolton favors a harder line approach to the issue and criticized Department of Homeland Security Secretary Kirstjen Nielsen during the argument, a source said, according to CNN. Nielsen used to serve as Kelly's deputy when he ran DHS. Bolton reportedly said Nielsen needed to start doing her job, which incensed Kelly. Trump, who was incensed about the rising levels of migrants and threatened to shut down the southern border on Twitter earlier that morning, took Bolton's side during the argument. Trump blew up at homeland security chief over border security The President, who sources say was present for the beginning of the shouting match, later denied knowledge of it. No, Trump told reporters before boarding Air Force One to fly to Montana on Thursday afternoon. I've not heard about it. (news.financializer.com). As reported in the news.

canada: Exxon Mobil Corp and Royal Bank of Canada have been named two largest investors in the Canadian fossil fuel sector between 2010 to 2015, according to The Toronto Star. Ty Wright/Bloomberg News / Ty Wright/Bloomberg News Co-author and University of Victoria sociology professor William Carroll said in a statement that Canada's fossil fuel industry is in the hands of a few major players that have an interest in the sector's continued growth and the economic power that shapes its future. The report titled Who Owns Canada's Fossil-Fuel Sector was issued by the Corporate Mapping Project, a joint initiative by the University of Victoria, the Canadian Centre for Policy Alternatives and the Parkland Institute, with funding in part from the Social Sciences and Humanities Research Council of Canada. Using shareholder and revenue data from Orbis, a company with information on companies worldwide, Carroll found that the top 25 owners accounted for 40 per cent of the total revenues from the fossil fuel industry between 2010 to 2015. Within the top five largest owners, two out of three were Canadian. In this period, the top two investors were Exxon Mobil Corp with 6.57 per cent in average shares and the Royal Bank of Canada with 3.35 per cent in average shares. (news.financializer.com). As reported in the news.

crude exports: The Canadian oil and gas sector is in a holding pattern in which spending and production growth can't occur until new ways to get products to export markets are found, according to CIBC analyst Jon Morrison, according to The Toronto Star. Larry Mac Dougal / The Canadian Press The price of Western Canada Select, or WCS, a local blend that represents about half the country's crude exports, has plummeted even as global benchmarks such as West Texas Intermediate have risen. The industry is less critical than it once was to the nation's prospects, enabling some Canadian dollar bulls to look past the recent slide in domestic crude prices and focus instead on the outlook for economic growth and the prospect of higher interest rates. Yet analysts continue to predict gains for the loonie, with the median forecast in a Bloomberg survey showing it appreciating to C 1.25 per dollar by the end of next year from current levels around 1.30. While the price of WCS is trading close to its widest discount to WTI on record, the world's 11th largest economy is running near its potential and the unemployment rate has fallen to around 5.9 per cent as other sectors such as technology boom. Good economic conditions in Canada are leading toward ongoing tightening by the Bank of Canada, said Greg Anderson, head of foreign-exchange strategy at Bank of Montreal, who expects the Canadian dollar to strengthen to about 1.27 over the next three months. (news.financializer.com). As reported in the news.

increase prices: The chief executive, Paul Polman, said a plan to increase prices in a bid to offset rising commodity costs had not affected sales, putting the company on track to reach targets it has set for 2020, according to The Guardian. However, despite his optimism, investors were unimpressed and shares in the FTSE 100 company fell 1.5%. The shares have been under pressure since the end of August, amid anger among City shareholders at a proposal, pioneered by Polman, to simplify its Anglo-Dutch structure by having a sole headquarters in Rotterdam. The firm behind brands such as Hellmann's mayonnaise and Dove soap reported a 3.8% rise in underlying sales to 12.5bn 11bn during the three months to the end of September. Unilever would have exited the FTSE 100, forcing many London-based institutions to remove it from their portfolios. Unilever made no mention of the U-turn in its third quarter statement on Thursday but the chief financial officer, Graeme Pitkethly, said the board would take time to consider all the feedback it received from shareholders on the issue before making any further moves. Opposition from investors eventually forced Polman to scrap the plan earlier this month before it was put to a vote. (news.financializer.com). As reported in the news.

master plan: The airport has released its 2018 Master Plan, with construction on a 150 million airport hotel to start next year, and a rail link closer than ever, according to Nine News Australia. Passenger comfort is a top priority, with the airport's 37 million passengers per year expected to double by 2038. To improve your experience update it here News National Pick-ups and drop-offs focus of Melbourne Airport's multi-million-dollar revamp7 16pm Oct 18, Airport is set for a dramatic shake-up, with pick-ups a focus under a new vision to rework roads to-and-from the busy terminals. There are bold new plans for Melbourne Airport. 9NEWS The funny feedback we've had from our masterplan has been around the need for a rooftop bar, Melbourne Airport CEO Lyell Strambi told 9News. New solar panels will help power 20 percent the entire precinct, while roads ware earmarked for 350 million facelift. I kind of get it it would be really lovely before you jump on a plane. (news.financializer.com). As reported in the news.

film: Maybe I should have noted that the film is offered in complete good faith, the production values are strong and it looks different from almost anything else around, according to The Guardian. But revisiting this film for its UK release hasn't fundamentally changed my mind; I continue to be dismayed by what I think is its gruellingly exploitative Euro-hardcore and its shallow, self-satisfied and wrong-headed conflation of honesty with sexual exhibitionism. I was not one of the admirers. It is about the personal and emotional journeys undertaken by quasi-fictional personae, evidently developed through improvisation. Christian Bayerlein is a man with spinal muscular dystrophy who wants to challenge body-image preconceptions. Facebook Twitter Pinterest Laura Benson is Laura, who appears in dialogue scenes with the director, discussing her issues with voyeurism. (news.financializer.com). As reported in the news.

price: I don't recall the complete conversation, Melissa Price told parliament on Thursday, according to Nine News Australia. Labor senator Patrick Dodson has accused Ms Price of making offensive remarks to former Kiribati president Anote Tong about his region always demanding cash . Ms Price told parliament she came across the group at a Canberra restaurant earlier this week but says it was a very pleasant, light-hearted conversation . She called Mr Tong on Wednesday to apologise after Senator Dodson penned a letter to her venting his concerns. To improve your experience update it here News National Price offers apology despite hazy memory4 27pm Oct 18, 2018Facebook Tweet Mail The environment minister has extended an olive branch to the former Pacific leader she has been accused of offending, despite her limited memory of the exchange. I said 'I don't agree with the words that were reflected in the letter but if I have caused any concern, then I am very sorry about that, she told parliament. Related Articles Key quotes from Wentworth by-election Phelps kicks Libs into minority government Royal Adelaide Hospital struggling to clear patient backlog The government greatly values its relationship with Australia's Pacific neighbours, she added. He accepted my apology. (news.financializer.com). As reported in the news.

show: Hosted by Emily Chang, according to Bloomberg. More episodes and clips45 52'Bloomberg Technology' Full Show 10/19/2018 09 20Rep. Source the world with Bloomberg News More episodes and clips02 53China's Tech Giants Aren't Copycats Anymore02 33Taking From the Rich Might Not Help the Poor02 43It's Getting Harder to Spot a Deep Fake Video03 15Why Japan's Women Problem Is So Hard to Fix Bloomberg Technology The only daily news program focused exclusively on technology, innovation and the future of business from San Francisco. Khanna Says EU 'Right to Be Forgotten' Unconstitutional03 11The Rise of Celebrity-Driven Voting02 52The Free Self-Driving Ride-Hailing Service The David Rubenstein Show The David Rubenstein Show Peer-to-Peer Conversations explores successful leadership through the personal and professional choices of the most influential people in business. Jim Yong Kim See all shows More episodes and clips24 05The David Rubenstein Show Christine Lagarde24 05The David Rubenstein Show Barry Diller48 11The David Rubenstein Show Jeff Bezos24 03The David Rubenstein Show Dr. (news.financializer.com). As reported in the news.

bloomberg markets: Source Bloomberg More From Bloomberg Markets05 10Easy to Lose Money in This Market, Alvine Capital Says5 hours ago04 39India's Sensex May Rise to 37,500, BNP's Eleswarapu Says7 hours ago02 54Quite Constructive on Energy Prices, Conning's Franklin Says7 hours ago06 07PwC's Crow Discusses Trade Disputes, Monetary Policies, Markets7 hours ago All episodes and clips More From Futures In Focus01 41Oil Market Contending With 'Interesting Dynamics,' KKM's Deming Says02 14Oil Analyst Sees 'Corrective Activity' Despite U.S.-Saudi Tension02 12Oil Prices Rise With IEA's Cut to Demand Forecast00 57Strategist Sees Bears in Control of Oil and Energy Markets All episodes and clips Quick Take Explaining the world with Bloomberg News More episodes and clips02 53China's Tech Giants Aren't Copycats Anymore02 33Taking From the Rich Might Not Help the Poor02 43It's Getting Harder to Spot a Deep Fake Video03 15Why Japan's Women Problem Is So Hard to Fix The David Rubenstein Show The David Rubenstein Show Peer-to-Peer Conversations explores successful leadership through the personal and professional choices of the most influential people in business, according to Bloomberg. More episodes and clips24 05The David Rubenstein Show Christine Lagarde24 05The David Rubenstein Show Barry Diller48 11The David Rubenstein Show Jeff Bezos24 03The David Rubenstein Show Dr. He speaks with Bloomberg's Vonnie Quinn on Bloomberg Markets. Jim Yong Kim See all shows (news.financializer.com). As reported in the news.

business leaders: The Saudi event, known as Davos in the desert, has suffered an exodus of global business leaders, including the CEOs of JPMorgan Chase JPM and Uber, in the past week as questions have mounted over the fate of Khashoggi, a prominent critic of the Saudi government, according to CNN. The IMF said in a statement late Tuesday that Managing Director Christine Lagarde's trip to the Middle East for the conference next week is being deferred. The latest to drop out are the managing director of the International Monetary Fund and the heads of two major French banks. Business is boycotting Saudi Arabia's big conference. Read More BNP Paribas BNPQY France's largest bank by assets, said Wednesday that Chairman Jean Lemierre will no longer attend. Here's who's still going It's an abrupt change of position from Lagarde, who said as recently as Saturday that she still planned to speak at the event in Riyadh despite being horrified by reports about Khashoggi's disappearance. (news.financializer.com). As reported in the news.

ford: This will save me about 6.62 per month, according to The Toronto Star. Six bucks a month!Just to let Ford know, I have made a donation of 80.44 to the Toronto Environmental Alliance. Why Because of Doug Ford's cancellation of the cap-and-trade program. That is where the money in my pocket is going. We need to do something even if a number of politicians won't. Article Continued Below I hope others will donate their cap-and-trade money to an environmental organization of their choice. (news.financializer.com). As reported in the news.

consequences hours: Greg Sullivan reports on Bloomberg Daybreak Australia, according to Bloomberg. Source Bloomberg More From Bloomberg Daybreak Australia48 11'Bloomberg Daybreak Australia' Full Show 10/19/18 13 hours ago03 05China a Bargain 'Getting There,' Research Affiliates' Arnott Says14 hours ago04 15Trump Says Khashoggi Likely Dead, Warns of Severe' Consequences14 hours ago01 29U.S. Buyout Firms Grab Bigger Slice of Australia's Mortgage Market All episodes and clips Bloomberg Markets Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens. Separately, President Donald Trump plans to withdraw the U.S. from a 192-nation treaty that gives Chinese companies discounted shipping rates for small packages sent to American consumers. More episodes and clips05 10Easy to Lose Money in This Market, Alvine Capital Says04 39India's Sensex May Rise to 37,500, BNP's Eleswarapu Says02 54Quite Constructive on Energy Prices, Conning's Franklin Says06 07PwC's Crow Discusses Trade Disputes, Monetary Policies, the world with Bloomberg News More episodes and clips02 53China's Tech Giants Aren't Copycats Anymore02 33Taking From the Rich Might Not Help the Poor02 43It's Getting Harder to Spot a Deep Fake Video03 15Why Japan's Women Problem Is So Hard to Fix The David Rubenstein Show The David Rubenstein Show Peer-to-Peer Conversations explores successful leadership through the personal and professional choices of the most influential people in business. Jim Yong Kim See all shows More episodes and clips24 05The David Rubenstein Show Christine Lagarde24 05The David Rubenstein Show Barry Diller48 11The David Rubenstein Show Jeff Bezos24 03The David Rubenstein Show Dr. (news.financializer.com). As reported in the news.

greek: From left, Macedonian Foreign Minister Nikola Dimitrov, Macedonian Prime Minister Zoran Zaev, Greek Prime Minister Alexis Tsipras, and Greek Foreign Minister Nikos Kotzias, according to The Toronto Star. Greek Foreign Minister Nikos Kotzias resigned Wednesday, following a disagreement with the defence minister over the handling of a recent deal which would change Macedonia's name in exchange for Greece dropping its objections to the country joining NATO. Yorgos Karahalis / The Associated Press Kotzias quit his post a day after a Cabinet meeting during which he reportedly had a heated argument with Defence Minister Panos Kammenos over the Macedonia deal and felt he didn't receive sufficient support from colleagues or the prime minister. Prime Minister Alexis Tsipras accepted Foreign Minister Nikos Kotzias' resignation and intends to take the helm of the Foreign Ministry himself to help with all his powers in the successful completion of the name change deal, his office said. The PM and a series of ministers made their choices in yesterday's cabinet meeting, and then I made mine, Kotzias wrote on Twitter. Speaking to reporters later, Tsipras warned he would not tolerate disagreements within his government on the deal with Macedonia, which settled a decades-long dispute and which Tsipras negotiated with his Macedonian counterpart. His resignation letter was not immediately made public. (news.financializer.com). As reported in the news.

currency crisis: While the US dollar's mini-bounce off two-week lows checked emerging-market gains, they were supported by easing tensions between Saudi Arabia and the United States, as well as signs that Turkey's currency crisis had been laid to rest, according to Nine News Australia. A pan-European equity index rose 0.15 per cent to a one-week high. To improve your experience update it here News World World stocks extend rise after US earnings8 19pm Oct 17, US company earnings improved the mood on world equity markets, as Asian and European shares put aside concerns on global growth and trade and took their cue from Wall Street's best one-day rise in eight months. Earlier, MSCI's ex-Japan share index added 0.6 per cent while Japan's Nikkei jumped 1.3 per cent. They are set for another strong session, equity futures signalled. The gains follow a scintillating New York session where the three major indexes tallied their biggest one-day percentage gains since March, rising more than 2 per cent each. (news.financializer.com). As reported in the news.

infrastructure: The organization assessed a variety of metrics, including infrastructure, information and communications technology, macroeconomic stability, health, skills and labour market, according to The Toronto Star. Countries were given scores out of 100. The World Economic Forum on Wednesday released its latest global competitiveness report, which looked at 140 economies based on 98 wide-ranging social, political and economic factors. The report also highlighted the nation's strong labour market and financial system. The report also highlighted the nation's strong labour market and financial system. Justin Sullivan / GETTY IMAGES The U.S. took the top slot with a score of 85.6, buoyed by its capacity for innovation, evident in its high scores in business dynamism and entrepreneurial culture. (news.financializer.com). As reported in the news.

irish bottom: The manager, who signed a contract extension until 2020 in January, was speaking in the wake of Tuesday's 1-0 home defeat by Wales that left the Irish bottom of their Nations League group with one point and one goal from three matches, according to The Guardian. Factoring in friendlies, Ireland have not won any of their past five games. Asked why he was so confident, he replied Because I'm good. Wembley will not be sold by the FA after Shahid Khan withdraws offer Read more Not helped by injuries to key players, performances have been dull and fans have gone missing. After the game several local pundits and newspapers suggested O'Neill and his assistant, Roy Keane, should be replaced but the manager remains adamant he will prove critics wrong. Dublin's Aviva Stadium was far from full for the visit of Wales and the official attendance of 38,321 was perhaps the only sign of Irish creativity on the night. (news.financializer.com). As reported in the news.

legs: When the bus pulled into Billings, the passenger confronted Eric Franklin Rosser a former keyboardist for John Mellencamp who had 20,000 in cash taped to his legs, another 50,000 in his bag and 1,000 worth of marijuana, according to court records, according to Nine News Australia. Leave me alone. To improve your experience update it here News World Eric Franklin Rosser Former FBI's most wanted caught watching child porn on bus7 43am Oct 17, 2018Facebook Tweet Mail The first-ever child pornography suspect named to the FBI's Most Wanted list cashed out his life savings and was fleeing law enforcement on a bus travelling across Montana last year when another passenger noticed child pornography on his laptop screen. I know I have a problem, Rosser responded, according to the court files. AAP That July 2017 encounter led to Rosser's arrest and his guilty plea earlier this month in US District Court on a charge of accessing the internet with the intent to view child pornography. Eric Franklin Rosser has pleaded guilty to accessing child pornography. (news.financializer.com). As reported in the news.

mnuchin: We're going to revisit the decision again tomorrow, Mnuchin said, according to CNN. So for now we are. Mnuchin told reporters during a Treasury press event Wednesday alongside Mexico's finance minister that he plans to decide after Secretary of State Mike Pompeo, who visited Saudi Arabia earlier this week, briefs President Donald Trump. We're going to make a decision tomorrow based on Secretary Pompeo's report. Trump said earlier this week that Mnuchin, whose stop in Riyadh is part of a multi-country trip, would decide by Friday. Mnuchin has said he would await further details this week on Khashoggi's case before making a final decision on his attendance. (news.financializer.com). As reported in the news.

kosovo: Kosovo's president, Hashim Tha i, and his Serbian counterpart, Aleksandar Vu i are said to be close to an agreement that would help stabilise the Balkans and open the doors for both countries to join the European Union, according to The Guardian. Negotiations are happening under the mediation of the EU foreign policy chief Federica Mogherini. This time it's because speculation is rife that Kosovo and Serbia may finally end their dispute and normalise their relations. Ten years after Kosovo declared its independence, the last chapter of the disintegration of the former Yugoslavia would be closed. Two leaders who were on opposing sides in the 1998-1999 war that left thousands of Kosovar civilians killed, tens of thousands of homes burned and destroyed, more than a million people expelled and displaced and which ended only after Nato intervened would have suddenly conquered their hatreds and enmities for the sake of a better future for their people. US-backed Kosovo land-swap border plan under fire from all sides Read more It sounds like a fairytale. (news.financializer.com). As reported in the news.

parking garage: Jonathan Dick has been on the run since February 2017, after the alleged murder of his brother, David, in the parking garage of a Westfield shopping centre, in Melbourne's north-east, according to Nine News Australia. A personal training group stumbled across David Dick after he had been attacked near a lift at the shopping centre. To improve your experience update it here News National Jonathan Dick Reward offer to catch Australia's most wanted who is hiding in 'plain sight'By Sean Davidson1 29pm Oct 17, 2018Facebook Tweet MailA huge reward is being offered to catch one of Australia's most wanted fugitives more than a year after the alleged samurai sword murder of his brother. He was suffering severe head injuries and died at the scene. Victoria Police Since then, Dick's movements have been a mystery with the 40-year-old slipping under the radar of authorities and managing to avoid capture. Detectives today also released new footage of Dick, filmed at a wedding in 2007. (news.financializer.com). As reported in the news.

parliament: The changes came as the then home secretary was introducing controversial hostile environment measures, with which she hoped to curb overall immigration, according to The Guardian. It is possible, May told parliament in November 2010, to reduce numbers while promoting growth and underlining the message that Britain is open for business. Theresa May's Home Office redesigned its visa programme with a view to attracting rich foreign investors, after the coalition had entered government, as ministers pursued investment from global elites. Established London law firms, accountants and specialists including Henley were invited to a series of events hosted by civil servants in 2010. The responses informed changes to investor visas, which offer UK residency, that were introduced in March 2011. Firms including KPMG, Pricewaterhouse Coopers, EY, Clifford Chance, Eversheds and HSBC bank were among those who responded to a UK Border Agency questionnaire issued in September 2010 as part of the consultation. (news.financializer.com). As reported in the news.

source bloomberg: Source Bloomberg More From Bloomberg Daybreak Americas01 24Market Expectations Are Too High, Morgan Stanley's Wilson Says27 minutes ago06 33Nobel Winner Romer Says Fears of Another Crisis Stifle Investment56 minutes ago01 09Rolls-Royce Takes Luxury Off-Road in a 325,000 SUV1 hours ago01 41Honeywell Reports 3Q Sales Boost on Aerospace, Automation2 hours ago All episodes and clips Bloomberg Markets Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens, according to Bloomberg. More episodes and clips05 10Easy to Lose Money in This Market, Alvine Capital Says04 39India's Sensex May Rise to 37,500, BNP's Eleswarapu Says02 54Quite Constructive on Energy Prices, Conning's Franklin Says06 07PwC's Crow Discusses Trade Disputes, Monetary Policies, the world with Bloomberg News More episodes and clips02 53China's Tech Giants Aren't Copycats Anymore02 33Taking From the Rich Might Not Help the Poor02 43It's Getting Harder to Spot a Deep Fake Video03 15Why Japan's Women Problem Is So Hard to Fix The David Rubenstein Show The David Rubenstein Show Peer-to-Peer Conversations explores successful leadership through the personal and professional choices of the most influential people in business. He speaks with Bloomberg's Alix Steel on Bloomberg Daybreak Americas. More episodes and clips24 05The David Rubenstein Show Christine Lagarde24 05The David Rubenstein Show Barry Diller48 11The David Rubenstein Show Jeff Bezos24 03The David Rubenstein Show Dr. Jim Yong Kim See all shows (news.financializer.com). As reported in the news.

christopher katsarov: The Government of Alberta appears to have been surprised that cannabis is being legalized on Wednesday and that municipalities have very significant costs that they're incurring, Mayor Nenshi said, according to The Toronto Star. Christopher Katsarov / THE CANADIAN PRESS But the city reports it has already spent 3.7 million and is estimating these costs would reach between 8.2 million and 12.9 million per year. Matt Zabloski, lead for the city's legalization project, said that 3.84 million over two years would be provided to Calgary by the province to cover the cost of implementing and enforcing cannabis legalization. It certainly falls short of what we were expecting and what we were hoping for, Zabloski said. This will offer 11.2 million over two years to municipalities with populations over 5,000. The provincial government announced Monday that it would offset the cost of cannabis legalization for Alberta municipalities with the Municipal Cannabis Transition Program. (news.financializer.com). As reported in the news.

goldman sachs: The Toronto Stock Exchange Broadcast Centre in 2013, according to The Toronto Star. Aaron Vincent Elkaim / THE CANADIAN PRESS file photo The activity comes as U.S. corporate earnings have started to roll in with Goldman Sachs and Morgan Stanley on Tuesday outperforming some forecasts, suggesting a solid earnings season ahead. The upturn in markets was almost global, where the stock losers of the past few days outperformed led by the technology sector, said Patrick Bernes, a portfolio manager for CIBC Asset Management. We've seen the sell-off, a little bit of a correction and you've seen some decent results come in. Bernes said bond yields, which drove investor anxiety when they increased to multi-year highs, have retreated in the last few days to provide some support to equity markets. I don't think there are any growth or macro concerns that would warrant further downward pressure, he said of equity markets. (news.financializer.com). As reported in the news.