The Daily Chase: BofA survey shows investors shy away from risk; Netflix set to report Q2
BNN Bloomberg
Bank of America’s investment strategy team says its latest survey of fund managers with about US$800 billion in assets under management suggests we’ve seen “the full capitulation.”
MARKET WATCH
Major European equity markets are little changed this morning and U.S. futures are pointing to gains at the start of trading in New York. But yesterday was another reminder of how fickle these markets can be as the American indices sagged into the red. Up here, the S&P/TSX Composite Index will be put to the test as West Texas Intermediate crude gives up some of the gains that helped power yesterday’s rally. Most notable move might be in FX, where the euro is climbing against the U.S. dollar and several other major currencies ahead of this week’s European Central Bank decision. Bloomberg News is reporting a half-point hike is on the table, while cautioning “it’s unclear” if that’ll come to be.
BHP EYES SPEEDIER JANSEN OUTPUT
