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U.S., UK investors slash euro zone debt: Reuters poll
LONDON (Reuters)- U.S. and British institutional investors walked away from euro zone bonds during November as fears for the future of the currency bloc grew, Reuters asset allocation polls showed on Wednesday.
The surveys of 59 leading investment houses in the United States, Europe ex UK, Britain and Japan also showed an increase in exposure to stocks, mainly as a result of demand for emerging market equities.
Suggesting caution still reigns, however, cash holdings rose to 6.4 percent from 5.9 percent and were at their highest for the year.
Overall, the polls showed a model mixed-asset portfolio held an average of 50.6 percent of assets in equities, up from 49.5 percent in October. Bonds fell to 35.3 percent from 35.9 percent.
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GRAPHIC: Asset allocation poll link.reuters.com/byt35s
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U.S. and UK investors slash euro zone debt – Reuters poll
LONDON (Reuters)- U.S. and British institutional investors walked away from euro zone bonds during November as fears for the future of the currency bloc grew, Reuters asset allocation polls showed on Wednesday.
The surveys of 59 leading investment houses in the United States, Europe ex UK, Britain and Japan also showed an increase in exposure to stocks, mainly as a result of demand for emerging market equities.
Suggesting caution still reigns, however, cash holdings rose to 6.4 percent from 5.9 percent and were at their highest for the year.
Overall, the polls showed a model mixed-asset portfolio held an average of 50.6 percent of assets in equities, up from 49.5 percent in October. Bonds fell to 35.3 percent from 35.9 percent.
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GRAPHIC: Asset allocation poll link.reuters.com/byt35s
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Uber-bear Albert Edward’s latest — BRIC stands for Bloody Ridiculous Investment Concept
Econ headlines from Reuters: Swiss exports up in Oct, but EU sales suffer
Econ headlines from Reuters: World Bank: China faces Europe risk, soft landing possible
Econ headlines from Reuters: U.S. lawmakers abandon deficit-cutting effort
Globals stocks rebound after heavy losses
LONDON (Reuters) – Stock markets put in gains on Tuesday after a heavy session of losses the previous day, though the respite from worries over U.S. and European government debt looked only temporary.
The dollar slipped but remained near a six-week high against a basket of currencies .DXY, indicating that flows into traditionally safer U.S. assets were holding up.
Pressure also remained on debt from peripheral euro zone economies.
Focus will be on a Spanish auction of up to 3 billion euros of 3- and 6-month Treasury bills, where borrowing costs are expected to surge by around two percentage points, with no respite from the center-right Popular Party’s emphatic election win on Sunday.
World stocks as measured by MSCI .MIWD00000PUS were up half a percent. The pan-European FTSEurofirst 300 .FTEU3. gained nearly 1 percent after a 3.3 percent loss on Monday.
It was viewed as a rebound from losses rather than any major turning point.
“This does not look like any weakness that one could buy into with a high degree of confidence,” said Jeremy Batstone-Carr, strategist at Charles Stanley.
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