2 Burst results for "Alleanza Bernstein"

"alleanza bernstein" Discussed on Wall Street Breakfast

Wall Street Breakfast

05:42 min | 1 year ago

"alleanza bernstein" Discussed on Wall Street Breakfast

"Is monday. September twentieth and amer host nathaniel e baker filling in for pimm fox. Our top story today is focused on china's property crisis. But let's first take a look at markets this morning in asia japan is closed hong kong. The hang sang is down three point. Four percent china is closed and india is down four tenths of one percent in europe at midday. We have the footsie in london down. One point four percent cac in paris is off two point one percent and the dax in frankfurt also off two point one percent here in the us futures are pointing lower as well. The dow is down about one point six percent s and p five hundred off about one point. Three percent nasdaq one percent lower. Crude oil is down about one point. Eight percent and gold is rising about three tenths of one percent. Bitcoin is down almost seven percent to trade around forty five thousand. The ten year treasury yield is dropping as well that is down to one point three three percents now our top stories. The possibility of china property company ever grand is leading to concerns in markets. This morning as we saw shares of ever grant are off more than eleven percent today at the stock has fallen more than eighty percent this year as it struggles to meet debt payments. The company has more than three hundred million dollars in debt and has warned about default. It has a eighty three million dollar payments due on thursday for a march. Twenty twenty two bond according to reuters and this is leading to concerns of a domino effect as this would have an effect on other china and hong kong property developers and a systemic effect on the rest of the economy. That's according to jenny. Zang co head of asia fixed income at alleanza bernstein quote in the offshore dollar market. There is a considerable large portion of developers who are implied to be highly distressed. Zang said on cnbc. These developers quote can't survive much longer. If the refinancing cheinal continues to be shut but she played down the possibility of ever grant being akin to the collapse of lehman brothers noting that the fragmentation of the china property market is much less involved than lemans regulatory crackdown. Along with ever grand pressure is on. The hong kong market as china's leaders looked rain in what they are calling monopoly behavior much as they have taken aim at tech sector but also like the moves against big tech companies. The exact actions the government will take are unclear. This is all part of president. Xi jinping's com- common prosperity plan to address inequality quote. People may be worried about whether they have to take up extra responsibility to build more subsidized. Housing said philip. C head of hong kong and china property research at bocom international. According to bloomberg quote foreign investors will be concerned administrative. Matters in china will lead to a price cap more stringent purchasing limits or some tax payment. Proof is required to pay for buying a flat and quote brian. Quarter rallo portfolio manager at pilgrim partners. Asia says the following quote the price action across several asset classes in asia. Today is horrendous due to rising fears over ever grand and a few other issues but it could be an overreaction to to all the market closures in the region and quote. ipo arrivals footsie. russell has added a record. sixty two recent. ipo's to it's popular russell. Two thousand index. Which could boost stocks like crispy cream and fly wire as early as today. Because index funds will have to buy some shares quote a rising tide lifts all boats so it's not surprising that he continued influx of capital into the stock market has pushed up valuations for ipo companies lifting more of them into the index at an earlier stage so said donovan jones. A seeking alpha contributor who follows initial public offerings the russell two thousand tracks two thousand of the market small-cap stocks making the basis for popular smallcap index funds like the i shares. Russell two thousand. Atf because small-cap stocks are typically more volatile and riskier than their large-cap brethren investors expect bigger rewards from them as a result the ideal um etf frequently out performs large-cap sector spider etf as has happened over the past year streaming pause streaming share of television viewing inching forward. Steadily in recent months has taken a pause to go back to school three months of growth in streaming share turn flat in august according to the gauge from nielsen..

china nathaniel e baker pimm fox hong kong asia Zang co alleanza bernstein Bitcoin
China's Evergrande Collapse Would Have 'Profound Consequences'

Wall Street Breakfast

01:27 min | 1 year ago

China's Evergrande Collapse Would Have 'Profound Consequences'

"Possibility of china property company ever grand is leading to concerns in markets. This morning as we saw shares of ever grant are off more than eleven percent today at the stock has fallen more than eighty percent this year as it struggles to meet debt payments. The company has more than three hundred million dollars in debt and has warned about default. It has a eighty three million dollar payments due on thursday for a march. Twenty twenty two bond according to reuters and this is leading to concerns of a domino effect as this would have an effect on other china and hong kong property developers and a systemic effect on the rest of the economy. That's according to jenny. Zang co head of asia fixed income at alleanza bernstein quote in the offshore dollar market. There is a considerable large portion of developers who are implied to be highly distressed. Zang said on cnbc. These developers quote can't survive much longer. If the refinancing cheinal continues to be shut but she played down the possibility of ever grant being akin to the collapse of lehman brothers noting that the fragmentation of the china property market is much less involved than lemans

China Zang Co Alleanza Bernstein Reuters Hong Kong Jenny Zang Asia Cnbc Lehman Brothers