Latest news with #AllianzGlobalInvestors
Bloomberg
27-06-2025
- Business
- Bloomberg
Allianz GI, Keppel Join Princeton Digital's $400 Million Loan
Private credit funds Allianz Global Investors and Keppel Credit will come in as lenders for data center operator Princeton Digital Group 's $400 million private credit loan, according to people familiar with the matter. Other lenders in deal are pension fund Ontario Municipal Employees' Retirement System, Sumitomo Mitsui Banking Corp., Standard Chartered Plc and bookrunners Barclays Plc, BNP Paribas and Deutsche Bank AG, said the people familiar, who asked not to be identified discussing private matters. The allocations are set to be finalized next week, they said.
Bloomberg
27-06-2025
- Business
- Bloomberg
Allianz's Zeng on Fed Rate, De-Dollarization
The China Show Jenny Zeng, Allianz Global Investors Deputy Head of Fixed Income & APAC Fixed Income CIO, speaks on Bloomberg TV about the Fed rate and the trend of de-dollarization. (Source: Bloomberg)
Yahoo
24-06-2025
- Business
- Yahoo
Oil price drops, shares jump as Trump announces Israel-Iran ceasefire
Stocks rallied on Tuesday after US President Trump said that a "complete and total ceasefire" between Iran and Israel would take effect in the coming hours. Iran's foreign minister denied that an official ceasefire agreement had been reached, but noted that Tehran would not continue its attacks as long as Israel halted its 'aggression'. At the time of writing, Israel had yet to comment. The truce, which Trump is labelling the end of the '12-day war', came after Iran attacked a US base in Qatar on Monday, retaliating against the US bombing of its nuclear sites over the weekend. In response to Tuesday's development, oil prices dropped as fears over a blockage to the Strait of Hormuz subsided. About 20% of global oil and gas flows through this narrow shipping lane in the Gulf. Brent crude, the international standard, dropped 3.83% to $68.74, while WTI dropped 3.85% to $65.87. Last week, Brent reached over $78 a barrel, a level not seen since the start of this year. Related Why the Strait of Hormuz remains critical for the global economy The dollar sees a rebound after US strikes Iran, but can it continue? European markets opened in the green. The DAX was 1.99% higher at 23,730.98, the CAC 40 was up 1.71% at 7,666.69, while the FTSE 100 rose 0.81% to 8,828.83 in morning trading. The STOXX 600 increased 1.48% to 542.93, while the EURO STOXX 50 rose 1.9% to 5,320.97. Looking to the US, S&P 500 futures rose 0.97% to 6,135.75 on Monday, while Dow Jones futures increased 0.89% to 43,284.00. Australia's S&P/ASX 200 jumped 0.89% to 8,550.10, South Korea's Kospi rose 2.75% to 3,097.28, and the Shanghai Composite index climbed 1.07% to 3,417.89. Hong Kong's Hang Seng rose 2% to 24,162.70 and the Nikkei 225 increased 1.16% to 38,796.39. The US Dollar Index slipped by 0.32% to 98.10. The euro gained 0.25% against the dollar while the yen dropped 0.48% in comparison to the greenback. Economists had suggested that persistent threats to oil would increase the value of the US dollar and hurt other currencies such as the euro, notably as the US economy is more energy independent. Greg Hirt, chief investment officer with Allianz Global Investors, told Euronews earlier this week that although the dollar may see a short lift on the Iran-Israel conflict, 'structural issues around a twin deficit and the Trump administration's volatile handling of tariffs should continue to weigh on an overvalued US dollar'.
Euronews
24-06-2025
- Business
- Euronews
Oil price drops, shares jump as Trump announces Israel-Iran ceasefire
Stocks rallied on Tuesday after US President Trump said that a "complete and total ceasefire" between Iran and Israel would take effect in the coming hours. Iran's foreign minister denied that an official ceasefire agreement had been reached, but noted that Tehran would not continue its attacks as long as Israel halted its 'aggression'. At the time of writing, Israel had yet to comment. The truce, which Trump is labelling the end of the '12-day war', came after Iran attacked a US base in Qatar on Monday, retaliating against the US bombing of its nuclear sites over the weekend. In response to Tuesday's development, oil prices dropped as fears over a blockage to the Strait of Hormuz subsided. About 20% of global oil and gas flows through this narrow shipping lane in the Gulf. Brent crude, the international standard, dropped 2.92% to $69.39, while WTI dropped 3.18% to $66.35. Last week, Brent reached over $78 a barrel, a level not seen since the start of this year. Looking to the US, S&P 500 futures rose 0.58% to 6,112.00 on Monday, while Dow Jones futures increased 0.51% to 43,118.00. Australia's S&P/ASX 200 jumped 0.89% to 8,550.10, South Korea's Kospi rose 2.75% to 3,097.28, and the Shanghai Composite index climbed 1.07% to 3,417.89. Hong Kong's Hang Seng rose 2% to 24,162.70 and the Nikkei 225 increased 1.16% to 38,796.39. The US Dollar Index slipped by 0.32% to 98.10. The euro gained 0.25% against the dollar while the yen dropped 0.48% in comparison to the greenback. Economists had suggested that persistent threats to oil would increase the value of the US dollar and hurt other currencies such as the euro, notably as the US economy is more energy independent. Greg Hirt, chief investment officer with Allianz Global Investors, told Euronews earlier this week that although the dollar may see a short lift on the Iran-Israel conflict, 'structural issues around a twin deficit and the Trump administration's volatile handling of tariffs should continue to weigh on an overvalued US dollar'.
Zawya
13-06-2025
- Business
- Zawya
China c.bank plans second cash injection via outright reverse repos in June
China's central bank will inject cash via outright reverse repos for the second time this month, it said on Friday, aiming to ease funding pressures during the peak season for bond financing. The People's Bank of China said on Friday that it would inject 400 billion yuan ($55.70 billion) into its banking system via outright reverse repos on June 16. The tenor of the repos is six months. The PBOC surprised the market by injecting 1 trillion yuan such repos in the 3-month tenor last week, as banks brace for a record 4 trillion yuan in interbank negotiable certificate of deposit (NCD) maturities this month. China's central bank has been very carefully managing the liquidity conditions this year to aid the broad economy without replicating a relentless bond rally seen late last year in what policymakers feared could fuel asset bubbles and trigger financial instability. This week, net government bond financing hit a seasonal peak of 410 billion yuan ($57.10 billion). "The upcoming liquidity demands will likely require further injections by the PBOC," said Jenny Zeng, chief investment officer for fixed income Asia Pacific at Allianz Global Investors. Zeng remained bullish on China's bond market and saw room for the 10-year government bond yield to decline toward 1% in 2026. The 10-year bond yield last traded at 1.64%. Traders said state-owned banks were observed buying short-term government bonds for several consecutive days last week. While it remains unclear whether the purchases were made for the banks' own needs, or in anticipation of potential bond buying by the PBOC, the activity has fuelled expectation of more cash support from the central bank. The PBOC has not announced any buying or selling of Chinese government bonds in the secondary market this year. Investors are closely watching next week's annual Lujiazui Forum for signals on monetary policy, with PBOC Governor Pan Gongsheng expected to attend. ($1 = 7.1813 Chinese yuan renminbi)
