Strategist Who Nailed 2019 U.S. Stock Surge Warns on Positioning By Bloomberg

(Bloomberg) — U.S. stock positioning is near extreme levels as investors price in improving worldwide economic growth, according to Deutsche Bank AG (DE:). “Equity positioning, like the market itself, has run far ahead of current growth asinvestors price in a global growth rebound,” strategists Parag Thatte, Srineel Jalagani and Binky Chadha wrote in a note Friday. It “is now in the 96th percentile on our consolidated measure, with a wide variety of metrics very stretched.“ Systematic strategies have raised equity exposure to the top of their ranges — to where…

Dimon Echoes Trump, China’s Broad Slowdown, Fed Focus: Eco Day By Bloomberg

© Reuters. Dimon Echoes Trump, China’s Broad Slowdown, Fed Focus: Eco Day (Bloomberg) — Welcome to Thursday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started: Jamie Dimon is sounding a bit like Donald Trump on China. The JPMorgan Chase (NYSE:) CEO says Trump’s trade fight is simply about “fair” trade, not part of some larger ideological struggle China’s economy continued on a slower trajectory in September, with weakness in manufacturing and retailing combining with the trade war to undercut growth One of…

Japan Stocks Pare Gains After BOJ; Aussie Slides: Markets Wrap By Bloomberg

(Bloomberg) — Japanese stocks pared gains and the yen climbed after the Bank of Japan left its policy settings unchanged while noting rising risks from overseas. Australia’s dollar slumped after the unemployment rate rose. U.S. stock futures retreated, Hong Kong shares slumped and China’s yuan dropped as investors took stock of the Federal Reserve’s interest-rate cut and the odds for the People’s Bank of China to lower borrowing costs. Equities were little changed in Shanghai. Failing to follow the Fed and European Central Bank in easing policy interest rates, the…

AB InBev Among 39 Firms Targeted by New EU Probe on Belgian Tax By Bloomberg

© Reuters. AB InBev Among 39 Firms Targeted by New EU Probe on Belgian Tax (Bloomberg) — Anheuser Busch Inbev (NYSE:) is among 39 firms targeted by fresh European Union investigations into Belgian tax deals after an earlier order to recoup about 800 million euros ($885 million) was criticized by an EU court. The European Commission opened separate probes into so-called tax rulings that Belgian doled out to multinational companies from 2005 to 2014, it said in an emailed statement on Monday. The rulings “may have given a selective advantage”…

U.S. Stocks Hold Gains as Fed’s Powell Speaks: Markets Wrap By Bloomberg

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here. U.S. stocks held onto slight gains, while Treasuries edged higher as comments by Federal Reserve Chairman Jerome Powell did little to alter the view the central bank will cut rates in two weeks. The dollar fell. The S&P 500 headed for its second weekly gain after the Fed chief reiterated his stance that a recession is unlikley. Megacap technology stocks weighed on benchmarks after New York opened an antitrust probe into…