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Man Group and abrdn Plc remain optimistic about China's stock market despite concerns over Donald Trump's return and potential tariff threats. They anticipate that increased stimulus from Beijing will focus on boosting consumption in 2025, creating investment opportunities even amid trade war pressures on export-reliant companies.
Traders are increasingly betting against corporate bonds as credit spreads tighten amid a robust global economy. Shorts have surged by 25% to nearly $336 billion over the past year, while institutional longs rose by 10.6% to $4.6 trillion, indicating a growing concern over potential price declines.
Goldman Sachs Asset Management's funds are poised to write off nearly $900 million on their investments in Swedish battery manufacturer Northvolt AB, which has recently filed for bankruptcy protection. The private equity funds, with approximately $896 million in exposure, will fully account for this loss by year-end.
Scott Bessent, selected by Donald Trump as Treasury secretary, advocates for tariffs, a shadow Federal Reserve chair, and potentially a weaker dollar. If confirmed, he will oversee public financing, economic sanctions, and the IRS, while also engaging in international economic diplomacy and facilitating financial market operations. Bessent's role will be pivotal in advancing Trump's agenda, including the renewal of 2017 tax cuts and the easing of financial regulations.
Donald Trump has appointed hedge-fund executive Scott Bessent as treasury secretary, marking a significant decision for his administration. This choice, announced on November 22nd, provides insights into the economic direction expected during a potential second term for Trump.
Axis Mutual Fund has launched the Axis Momentum Fund, an NFO designed to leverage the growing popularity of momentum investing. This strategy focuses on stock price trends rather than traditional metrics, allowing the fund to adapt to changing market conditions, including shifts towards defensive stocks.
Scott Bessent, head of macro hedge fund Key Square Group, has been nominated by President-elect Donald Trump to be the US Treasury Secretary, signaling a potential shift in fiscal policy. As bond investors await further insights into Bessent's economic strategies, the $28 trillion US Treasuries market remains closed until trading resumes in Asia.
Investors covered short positions in NSE Nifty and Bank Nifty ahead of the Maharashtra and Jharkhand election results, leading to significant unwinding in the November derivatives series. Nifty surged to reclaim 23,900, with key resistance at 24,000 and support at 23,500, as FIIs increased net long positions, reflecting a cautiously optimistic market sentiment.
President-elect Donald Trump has nominated Scott Bessent, head of macro hedge fund Key Square Group, as the next US Treasury Secretary. Trump highlighted Bessent's strong support for the America First Agenda, aiming to strengthen the US economy as the nation approaches its 250th anniversary.
Investor Scott Bessent has built a notable career in finance, having worked alongside macro investment billionaire George Soros and renowned short seller Jim Chanos. He also has experience running his own hedge fund, showcasing his diverse expertise in the investment landscape.
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