Managers signal warning over European markets


first_imgEuro-zone equities have “struggled” relative to US equities, BoAML added. Average allocations to Europe have reduced slightly since May, but the researchers said they remained positive in the short term on the region, citing the economic backdrop and expected free cash flow growth.A majority of those surveyed (42%) said that the Fed’s planned reduction of its quantitative easing programme this year would be a “non-event”. Roughly a third (31%) said it would send bond yields up and stock prices down.“Yet until 10-year Treasury yields climb the wall of 3%, few investors think Treasuries will cause an equity bear market,” BoAML’s researchers said.The survey also showed that the sample of 179 managers had their highest net underweight position in US stocks since January 2008. The UK was managers’ biggest underweight relative to the survey’s history.During June, US tech stocks were among the most sold sector: 68% of respondents said US and global internet stocks were “expensive”. A further 12% said the sector was “bubble-like”.Since 2009, technology has been the most popular sector in 80% of BoAML’s surveys, the company said.Managers held an average 4.9% in cash, the research showed, down slightly from 5% in June’s survey. A quarter of those holding higher cash levels said they were doing so because of “bearish views on markets”. The European Central Bank (ECB) is the most likely trigger of a selloff, according to a leading survey of fund managers.Managers told Bank of America Merrill Lynch’s (BoAML) monthly sentiment and positioning survey that the risk of a policy mistake from the US Federal Reserve or the ECB was the second biggest tail risk, after a bond market crash.In addition, respondents said euro-zone equities and EU and US credit were among the most crowded trades, which BoAML said meant the ECB was the “most likely central bank to spark global ‘risk-off’” scenario.BoAML’s researchers said: “The persistent overweight in euro-zone versus US equities could be more bad news for European investors. The three-month average for allocation [to Europe] is above 50% and, at 57%, is a record high. This is often a contrarian signal.”last_img read more

PKL 2019: Six teams that have qualified for the PKL playoffs


first_img LIVE TV Written By Aamra pouchhe gechhi! 🛣We are 📴 to the Playoffs! 🙌🏼🎉#AamarWarriors #JAIvKOL #VIVOProKabaddi pic.twitter.com/EVeM4CyRJH— Bengal Warriors (@BengalWarriors) September 22, 2019 FOLLOW US Last Updated: 11th October, 2019 15:09 IST PKL 2019: Six Teams That Have Qualified For The PKL Playoffs Haryana Steelers, Dabang Delhi KC, Bengal Warriors, UP Yoddha, Bengaluru Bulls and U Mumba have qualified for the upcoming PKL 2019 playoffs starting on Oct 14. SUBSCRIBE TO US COMMENT Top six teams that qualified for the PKL 2019 playoffsPKL 2019 playoffs: Dabang Delhi KCDabang Delhi KC were the first team to qualify for the playoffs. Their performance has been consistent for the entire season. Currently, they are ranked second on the PKL 2019 points table with 82 points. Out of the 21 matches played, Dabang Delhi KC has won 15 matches and lost four matches. Dabang Delhi KC still have one league stage match with U Mumba left to go. PKL 2019 playoffs: Bengal Warriors Bengal Warriors secured their place in the PKL 2019 playoffs with their 41-40 victory over Jaipur Pink Panthers on September 22. They were the second team to qualify. They are currently ranked first with 83 points. In PKL 2019, they have won 14 matches, lost five matches and tied three matches.  Devika Pawar The PKL 2019 playoffs will begin on October 14 with the eliminators, as the top six teams battle it out to become the PKL champion. The semi-finals will take place on October 16, and final is scheduled on October 19. Dabang Delhi KC, Bengal Warriors, Haryana Steelers, U Mumba, Bengaluru Bulls and UP Yoddha are the six teams that have qualified for the PKL 2019 playoffs.  Also read | PKL 2019: U Mumba’s Road To Playoffs, Performance And ResultsPKL 2019 playoffs: UP YoddhaThis is the third year UP Yoddha have qualified for the playoffs. As per the current PKL standings, they are ranked fifth. Their number of wins is almost double the number of their losses. UP Yoddha has one final match with Bengaluru Bulls left before they enter the playoffs.Also read | UP Yoddha, PKL 2019: Road To Playoffs, Performances And ResultsPKL 2019 playoffs: Bengaluru BullsBulls qualified for the playoffs on October 2, after U Mumba. They are currently ranked sixth on the points table. Bengaluru Bulls have won 11 out of their 21 games. If Bengaluru win their match against UP, they might move up the points table. We have qualified for the playoffs! Beat @PatnaPirates 30-26#Mumboys #MeMumba #HowsTheJosh #VivoProKabaddi #MUMvPAT #UMumba pic.twitter.com/7ahNH0gcJx— U Mumba (@U_Mumba) October 2, 2019 WATCH US LIVE Also read | PKL 2019: Bengal Warriors’ Road To Playoffs, Performance And ResultsPKL 2019 playoffs: Haryana SteelersHaryana Steelers’ 38-37 victory against Gujarat Fortunegiants on September 30 qualified them for the PKL playoffs. Haryana are currently placed third on the points table with 71 points. The team has won 13 out of the 22 matches played. They lost their last league stage match against U Mumba on October 10.Also read | PKL 2019: Haryana Steelers’ Road To Playoffs, Performance And ResultsPKL 2019 playoffs: U MumbaOn October 2, U Mumba beat Patna Pirates 30-26 to qualify for the playoffs. After their last win on October 10, U Mumba moved up to the fourth spot on the PKL points table with 69 points. U Mumba has won 12 and lost eight out of the 21 matches played. Their game with Dabang Delhi KC on Friday will be their last league stage game before the playoffs. First Published: 11th October, 2019 15:09 ISTlast_img read more