US shares struck new highs for the year on Friday (June 9), and helped lift world stocks to a 13-month peak, as rising bets that the US Federal Reserve (Fed) will skip a rate hike next week overshadowed worries about US markets being drained of cash.

World shares at 13-month peak as Wall St scales 2023 highs

Investors poured money into cash and bonds in the week to Wednesday (June 7US), according to data from BofA Global Research, ahead of next week's pivotal central bank meetings from the Federal Reserve, European Central Bank and the Bank of Japan.

Investors pile into cash, bonds ahead of key rate decisions — BofA

Global equities were set for a small weekly gain on Friday (June 9) following a Wall Street rally overnight, as rising bets the Federal Reserve will skip a rate increase next week overshadowed worries about US markets being drained of cash.

Global shares edge up as Fed pause bets bolster sentiment

A gauge of Asian shares headed for a second weekly gain, hot on the heels of the S&P 500 entering a bull market, and as Chinese price data increased pressure for a rate cut from the central bank.

Asian equities on course for second week of gains

The unusually long rally in Japan's stock market has trapped many retail investors in a sea of losses after they made heavy bets on exchange traded funds (ETFs) that double their returns if the benchmark falls.

Japan's retail investors caught out by Nikkei's breakout rally

Credit Suisse and a joint venture partner are seeking buyers for their China securities brokerage business due to the Swiss bank's takeover by rival UBS, said two people with direct knowledge of the matter.

Credit Suisse puts up China brokerage venture for sale — sources

Asian corporates raised US$8 billion (RM36.9 billion) from bond sales in the first seven days of June, the strongest start to a month since March as markets rethink the outlook for further US rate hikes.

Fears of more rate hikes spur US$8b bout of Asia issuance

The Monetary Authority of Singapore (MAS), together with the financial industry, will establish the Singapore Sustainable Finance Association (SSFA), announced the central bank and regulator on Thursday (June 8). For a start, the SSFA will focus on initiatives to scale voluntary carbon markets, transition finance and blended finance.

MAS to set up association to scale voluntary carbon markets, transition finance, blended finance

Borrowing costs in government bond markets rose and share markets stalled on Thursday (June 8) after a surprise interest rate hike in Canada gave investors their second reminder of the week that the surge in global interest rates isn’t done yet.

Shares stall as bond markets reprice rate expectations

Global bonds are slumping after two shock interest-rate hikes this week served traders a reality check that central banks are far from done fighting inflation.

Shorter-maturity Treasury yields are close to their highest since March, while their Australian equivalents have jumped to levels last seen more than a decade ago. Investors are back ditching sovereign debt after the Bank of Canada joined the Reserve Bank of Australia in surprising markets with more rate hikes to combat stubbornly fast consumer-price gains.

Bonds everywhere are suffering as rate-hike fears swamp traders

European stock markets dipped on Wednesday (June 7) and the US dollar nudged higher as weak Chinese trade data had investors fretting about softening global demand, with attention turning towards next week's pivotal inflation data and Federal Reserve meeting.

European shares dip as Chinese trade data disappoints, lira plunges to record low

Asian stocks rose Wednesday (June 7), with hopes for stimulus in China, a positive sign in geopolitics and hints of more broad-based strength in US shares bolstering sentiment.

Benchmark indices were higher at the open in Japan, South Korea and Australia, while futures for Hong Kong climbed 1.9% and a measure of US-listed Chinese companies jumped 3.8% overnight.

Asian equities rise with positive signs for China

US stocks gained on Tuesday (June 6) as a rotation into financial shares bolstered hopes the breadth of the S&P 500’s recent rally might extend beyond technology soon.

The benchmark index rose 0.2% as a decline in Apple Inc’s stock took the air out of a tech rally, but shares in beaten-down regional banks were higher. The KBW Regional Bank index added 5.4% while the Russell 2000 gained 2.7%.

Financials lead US stock gains; bonds slide

European stocks started Tuesday (June 6) mixed, as soft US economic data reinforced expectations the Federal Reserve may skip an interest rate hike when it meets next week.

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