Targa Resources (TRGP) upgraded to Strong Buy from Outperform at Raymond James with analyst J R Weston saying the recent selloff
in the shares is overdone and makes Targa "inexpensive." 3.
Summary: Mumbai (Maharashtra) [India], May 6 (ANI): Equity benchmark indices opened lower on Monday tracking a selloff
in global markets after US President Donald Trump vowed to hike tariffs on China.
18, exchange data showed on Sunday - one of the biggest selloff
since the market opened to direct foreign buying in mid-2015.
KARACHI -- The stock market on Monday closed down 2 percent after briefly hitting a two-year low, weighed down by a global selloff
and the new government seeking a bailout from the International Monetary Fund (IMF).
The recent selloff
in Italian HY bonds was driven by political risk aversion rather than fundamental concerns over near-term credit performance.
As President Recep Tayyip Erdogan lashed out at the United States, took higher rates off the table and said he wouldn't accept an international bailout, traders pushed down Turkish assets in a selloff
that spilled over to other developing countries.
Investors are becoming increasingly worried about how the Turkish crisis would spread into other markets after Monday's EM currencies and equities selloff
. So far, the risk of contagion is limited and Monday's selloff
was due more to a risk-off mood than a fundamental reason.
The Philippines' largest pension fund is holding off on buying local shares after the selloff
in emerging-market assets pushed the nation's equities into a bear market last month.
Global Banking News-May 30, 2018--Government bond selloff
affects Italian banks' shares
includes its employees' quarters in Cheonan, South Chungcheong Province, and the training center for the bank-sponsored women's basketball team.
Gold, seen as a safe haven asset, has failed to capitalise this week from the biggest selloff
in six years in global equities, but the precious metal, still driven largely by dollar movement, is not poised to unwind.
MANILA, Philippines Philippine stocks tumbled yesterday, extending the rout to a second day as a selloff
pummelled markets across the world.The Philippines Stock Exchange index (PSEi) dropped 0.