Latest news with #BarclaysBankPlc
Deccan Herald
30-04-2025
- Business
- Deccan Herald
Pakistan assets set for worst month since 2023 as tensions with India mount
By Malavika Kaur MakolDollar bonds and stocks in Pakistan are poised for the worst month since 2023, as escalating tensions with neighbour India roil investor sentiment. Pakistani stocks are underperforming most peers in April while dollar bonds and the rupee also fell, amid the threat of war with neighbouring India. Pakistan's Information Minister Attaullah Tarar said Wednesday India would carry out military action in the next 24 to 36 hours, adding Pakistan would respond 'assuredly and decisively.' Relations between the nuclear-armed neighbours deteriorated after 26 people were killed on April 22 in an attack on an area in the Jammu and Kashmir region. New Delhi has accused Pakistan of involvement, a claim Pakistan has denied. Efforts to de-escalate tensions between the neighbours are ongoing, with countries including the US pushing for calm. 'The outlook in the near term is uncertain and therefore we can expect further slight weakness since additionally, the US tariffs are an overhang,' said Thomas Hugger, chief executive officer and fund manager at Asia Frontier Capital Ltd. in Hong Kong. .'Any de-escalation of the tension will obviously calm down the nervousness of investors regarding further deterioration of the fragile relationship between the two countries and we can expect a small rally in bond and equity prices,' Hugger added. .Maharashtra man claims terror suspect spoke to him day before J&K bonds have handed investors a loss of nearly 4 per cent this month, while equities are down almost 3 per cent. Meanwhile, Indian assets are proving relatively immune for now with stocks and local bonds up this of the incident, investor sentiment toward Pakistan was improving with a rating upgrade and falling oil prices. Stocks were coming off the biggest annual gain in 22 years, setting the stage for further gains as economic activity picked up in the country. 'The fall in bond prices in recent days offers good entry points,' Avanti Save, head of Asia credit research & strategy at Barclays Bank Plc, wrote in a note. She maintains an overweight rating on the country.
Time of India
30-04-2025
- Business
- Time of India
Pakistan stock markets, bonds to see worst month since 2023 as Indo-Pak border tensions mount
The performance of dollar bonds shows a decline of nearly 4% this month. (AI image) Pakistan's dollar bonds and equities are heading towards their poorest monthly performance since 2023, with growing India-Pakistan tensions affecting investor confidence. The performance of dollar bonds shows a decline of nearly 4% this month, whilst equities have decreased almost 3%. In contrast, Indian assets remain relatively unaffected, with both stocks and domestic bonds showing positive returns this month. In April, Pakistani equities have shown weaker performance compared to regional markets, whilst the rupee and dollar bonds declined amidst potential conflict with India, according to a Bloomberg report. Pakistan's Information Minister Attaullah Tarar claimed on Wednesday that India would initiate military operations within 24 to 36 hours, stating that Pakistan would respond "assuredly and decisively." Pakistan Stock Markets The relationship between these nuclear-armed nations worsened following the terror attack on April 22 in the Jammu and Kashmir region, resulting in 26 casualties. "The outlook in the near term is uncertain and therefore we can expect further slight weakness since additionally, the US tariffs are an overhang," said Thomas Hugger, chief executive officer and fund manager at Asia Frontier Capital Ltd. in Hong Kong. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Google Brain Co-Founder Breaks His Silence: Read These 5 Books And Turn Your Life Around Blinkist: Andrew Ng's Reading List Undo "A reduction in tensions would naturally ease investors' concerns about potential worsening of the delicate relations between the two nations, potentially leading to modest gains in bond and equity markets," Hugger noted. Also Read | Foreign investors back with $4.11 billion in Indian equities! FPIs extend longest buying spree since July 2023 Before this development, Pakistan's investment outlook was becoming more positive, supported by improved credit ratings and declining oil prices. The stock market had recorded its strongest annual performance in 22 years, creating favourable conditions for additional growth as the nation's economic activities increased, the Bloomberg report said. "Recent declines in bond prices present favourable investment opportunities," wrote Avanti Save, head of Asia credit research & strategy at Barclays Bank Plc, in a note. She continues to maintain an overweight position on the country. Stay informed with the latest business news, updates on bank holidays and public holidays . Master Value & Valuation with ET! Learn to invest smartly & decode financials. Limited seats at 33% off – Enroll now!
Economic Times
30-04-2025
- Business
- Economic Times
Pakistan stocks, bonds set for worst month since 2023 amid rising border tensions
Dollar bonds and stocks in Pakistan are poised for the worst month since 2023, as escalating tensions with neighbor India roil investor sentiment. ADVERTISEMENT Pakistani stocks are underperforming peers in April while dollar bonds and the rupee also fell, amid the threat of war with neighbor India. Pakistan's Information Minister Attaullah Tarar Wednesday said India would carry out military action in the next 24 to 36 hours, adding Pakistan would respond 'assuredly and decisively.' Relations between the nuclear-armed neighbors deteriorated after 26 people were killed on April 22 in an attack on an area in the Jammu and Kashmir region. New Delhi has accused Pakistan of involvement, a claim Pakistan has denied. 'The outlook in the near term is uncertain and therefore we can expect further slight weakness since additionally, the US tariffs are an overhang,' said Thomas Hugger, chief executive officer and fund manager at Asia Frontier Capital Ltd. in Hong Kong.'Any de-escalation of the tension will obviously calm down the nervousness of investors regarding further deterioration of the fragile relationship between the two countries and we can expect a small rally in bond and equity prices,' Hugger added. ADVERTISEMENT Dollar bonds have handed investors a loss of nearly 4% this month, while equities are down almost 3%. Meanwhile, Indian assets are proving relatively immune for now with stocks and local bonds up this of the incident, investor sentiment toward Pakistan was improving with a rating upgrade and falling oil prices. Stocks were coming off the biggest annual gain in 22 years, setting the stage for further gains as economic activity picked up in the country. 'The fall in bond prices in recent days offers good entry points,' Avanti Save, head of Asia credit research & strategy at Barclays Bank Plc, wrote in a note. She maintains an overweight rating on the country. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
30-04-2025
- Business
- Time of India
Pakistan stocks, bonds set for worst month since 2023 amid rising border tensions
Dollar bonds have handed investors a loss of nearly 4% this month, while equities are down almost 3%. Pakistani stocks and bonds face their worst month since 2023. Tensions with India escalate, impacting investor confidence. Information Minister Attaullah Tarar suggests potential Indian military action. India accuses Pakistan of involvement in an attack, which Pakistan denies. Despite recent improvements in investor sentiment, uncertainty prevails. Some analysts see the bond price drop as a buying opportunity. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Dollar bonds and stocks in Pakistan are poised for the worst month since 2023, as escalating tensions with neighbor India roil investor stocks are underperforming peers in April while dollar bonds and the rupee also fell, amid the threat of war with neighbor India. Pakistan's Information Minister Attaullah Tarar Wednesday said India would carry out military action in the next 24 to 36 hours, adding Pakistan would respond 'assuredly and decisively.'Relations between the nuclear-armed neighbors deteriorated after 26 people were killed on April 22 in an attack on an area in the Jammu and Kashmir region. New Delhi has accused Pakistan of involvement, a claim Pakistan has denied.'The outlook in the near term is uncertain and therefore we can expect further slight weakness since additionally, the US tariffs are an overhang,' said Thomas Hugger, chief executive officer and fund manager at Asia Frontier Capital Ltd. in Hong Kong.'Any de-escalation of the tension will obviously calm down the nervousness of investors regarding further deterioration of the fragile relationship between the two countries and we can expect a small rally in bond and equity prices,' Hugger bonds have handed investors a loss of nearly 4% this month, while equities are down almost 3%. Meanwhile, Indian assets are proving relatively immune for now with stocks and local bonds up this of the incident, investor sentiment toward Pakistan was improving with a rating upgrade and falling oil prices. Stocks were coming off the biggest annual gain in 22 years, setting the stage for further gains as economic activity picked up in the country.'The fall in bond prices in recent days offers good entry points,' Avanti Save, head of Asia credit research & strategy at Barclays Bank Plc, wrote in a note. She maintains an overweight rating on the country.
Bloomberg
21-04-2025
- Business
- Bloomberg
Rupiah to Extend Losses as Bank Indonesia Battles Volatility
The Indonesian rupiah will extend this year's 4% decline due to fragile investor confidence, spurring further intervention by the central bank to stem volatility, according to analysts. MUFG Bank Ltd. expects the currency will weaken to 17,100 per dollar in coming months, while Barclays Bank Plc says its likely to test 17,200 by the first quarter of 2026 with Bank Indonesia intervening. The rupiah closed Monday at 16,805.
