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Asia-Pacific market mostly rebound, yen steadies; U.S. data in focus
Asia-Pacific market mostly rebound, yen steadies; U.S. Data in focus. Tokyo's core inflation rate accelerated for a third month in July to highest level since March. Japan's benchmark fell to its lowest level in three months; yen held around 153.60 per dollar.
Seeking Alpha · 17h ago
PBOC Surprises Markets With An Off-Schedule 20bp Cut To The MLF
PBOC Surprises Markets With An Off-Schedule 20bp Cut To The MLF. Collateral reductions for MLF signal the PBOC's intention to cool the bond market. The PBOC cut the 1-year medium-term lending facility (MLF) rate from 2.5% to 2.3%.
Seeking Alpha · 1d ago
China surprises markets again by cutting key MLF rate
China surprises markets again by cutting key MLF rate to 2.3% from 2.5%. Biggest rate cut for one-year policy loans since April 2020. The People's Bank of China conducted an unscheduled lending operation at a much lower interest rate.
Seeking Alpha · 1d ago
Asia market in red tracking global sentiment as disappointing earnings reports weigh on investor sentiment
Asia market in red tracking global markets as disappointing earnings reports weigh on investor sentiment. Japan, Australia and China hit lowest levels in almost a month as business activity data from Japan, China and the U.S. Falls. US stock futures fell sharply on Wednesday on disappointing quarterly results from mega-cap tech firms Tesla and Alphabet.
Seeking Alpha · 2d ago
China Cuts 7-Day Reverse Repo Rate And Loan Prime Rates In Move To Support Growth
Seeking Alpha · 3d ago
China's Third Plenum Provides Little Support To Metals
Seeking Alpha · 3d ago
Asia-Pacific market mixed ahead of batch of earnings reports, key U.S. economic data
Asia-Pacific market mixed ahead of batch of earnings reports, key U.S. Economic data. The Asia-Pacific equity market were mixed on Tuesday, tracking a technology-led rebound on Wall Street overnight. Japan rose slightly from three-week lows, while China and Hong Kong both fell. In the US, all three major indexes ended higher on Monday, driven by tech stocks.
Seeking Alpha · 3d ago
Weekly Report: what happened at TDF last week (0715-0719)?
Weekly Report · 4d ago
Asia market mostly in red as traders access surprise PBOC cuts, Biden drops out of 2024 race
Asia market mostly in red as traders access surprise PBOC cuts, Biden drops out of 2024 race. China's central bank's unexpected policy rate cut to support the economy. Markets also weighed US President Joe Biden's decision to end his reelection bid. Bitcoin climbs to around $68,000 as investors book profits.
Seeking Alpha · 4d ago
PBOC unexpectedly cuts LPR rates and short-term policy rates to bolster economic recovery
PBOC unexpectedly cuts LPR rates and short-term policy rates to bolster economic recovery. The People's Bank of China cut its one-year and five-year loan prime rates to record lows of 3.35% and 3.85%. The central bank also lowered the seven-day reverse repo rate to 1.7%.
Seeking Alpha · 4d ago
Weekly Market Outlook: U.S. PCE, GDP, And Earnings Expected To Drive Volatility
Home Market Outlook Today's Market Weekly Market Outlook: U.S. PCE, GDP, And Earnings Expected To Drive Volatility. This week, markets were influenced by trade war fears, US political developments, and a global cyber outage. In Asia, the Japanese yen weakened, and Chinese authorities remained silent on economic goals. Next week, US PCE and GDP data will be key drivers of market volatility.
Seeking Alpha · 6d ago
China's Third Plenum: Leaders pledge reforms, but dampen stimulus hopes
Seeking Alpha · 07/19 10:22
Asset Allocation Committee Outlook Q3 2024: Policy And Politics
Asset Allocation Committee Outlook Q3 2024: Policy And Politics. Neuberger Berman says political and market volatility is likely to rise in the second half of the year. We are concerned that the U.S. Federal Reserve may wait too long to make its first rate cut.
Seeking Alpha · 07/18 18:50
Rising Costs And Gloomier Prospects Cast Shadow Over Emerging Market Outlook
Emerging market economic growth was sustained at a solid pace in June, despite easing from the one-year high seen in May. The expansion was led by manufacturing as service sector growth slowed. Manufacturing production rose at the fastest pace since November 2020. Input price inflation climbed to a ten-month-high, driven by rising costs.
Seeking Alpha · 07/18 11:20
What To Expect From China's Monetary Policy Framework Reforms
The PBOC has signalled that changes to China's monetary policy framework may be on the horizon. Governor Pan Gongsheng has suggested the medium-term lending facility may be phased out as the main policy rate. The 7-day reverse repo rate is expected to be the main rate in the future.
Seeking Alpha · 07/18 11:10
Asia-Pacific market mixed tracking global selloff on tight U.S. chip export curbs to China
Asia-Pacific market mixed tracking global selloff on tight U.S. Chip export curbs to China. Japan comes under pressure from a sharp rally in the yen. India's shares hit a record high for the fourth straight session. The Asia-Pacific equity market were mixed on Thursday following a weak lead on Wall Street.
Seeking Alpha · 07/18 07:36
Evolving Geopolitics Create Opportunities
Home Investing Strategy Portfolio Strategy Evolving Geopolitics Create Opportunities. William Blair says the world economy is clearly growing. He says major economies are growing at or above their potential rates. Every geopolitical change presents opportunities to someone, somewhere, he says. Blair says there's a disconnect between the geopolitical narrative and economic reality.
Seeking Alpha · 07/17 12:12
China's Economy Is In Deep Trouble
Seeking Alpha · 07/17 11:02
Asia markets in red, yen on intervention watch; eyes on updates as Third Plenum unfolds
Asia markets in red, yen on intervention watch; eyes on updates as Third Plenum unfolds in China. The Japanese yen steadied near its strongest levels in a month as investors digest President Xi Jinping's recent address at the third plenum. Bitcoin climbs above $65,000, hitting its highest levels in nearly a month.
Seeking Alpha · 07/17 06:32
Asia-Pacific markets mixed as traders assess Powell's dovish remarks; eyes on more earnings
Asia-Pacific markets mixed as traders assess Powell's dovish remarks; eyes on more earnings. Nikkei 225 Index rises in post-holiday trade in Japan; India hits a record high for third straight day. Federal Reserve Chair Jerome Powell's remarks on rate cuts boosted Wall Street overnight. Bitcoin advanced toward $65,000 on Tuesday.
Seeking Alpha · 07/16 07:57
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About TDF
Franklin Universal Trust is a closed-end management investment company. The Fund's primary investment objective is to provide high, current income consistent with preservation of capital. Its secondary objective is growth of income through dividend increases and capital appreciation. It invests primarily in two asset classes: high yield bonds and utility stocks. Within the high yield portion of the portfolio, it uses fundamental research to invest in a diversified portfolio of bonds. Within the utility portion of the portfolio, it focuses on companies with attractive dividend yields and with a history of increasing their dividend. It invests in various industrial sectors, such as Electric Utilities, machinery, metals and mining, multi utilities, oil, gas and consumable fuels, auto components, beverages, biotechnology, building products, chemicals, commercial services and supplies, communications equipment, and consumer finance. Franklin Advisers, Inc. is its investment manager.