Latest news with #T. Rowe Price
Wall Street Journal
03-08-2025
- Business
- Wall Street Journal
Is the Stock Market in a Speculative Bubble? T. Rowe Price CIO Weighs In - WSJ's Take On the Week
In this week's episode of WSJ's Take On the Week, co-hosts Gunjan Banerji and Telis Demos dive into how, for the first time, brokerages have taken out more than $1 trillion dollars in margin debt to buy stocks and other securities. Next, they chat about Robinhood's blowout earnings as another sign of market exuberance, and why investors are eagerly awaiting software and data analytics company Palantir's earnings this week. Then after the break, Sébastien Page, head of global multi-asset and chief investment officer at T. Rowe Price, joins our hosts to chat about why he thinks AI stocks have strong financial and economic positions, and why he believes stocks will still deliver an equity risk premium. Plus, Page shares what he thinks investors could learn from sports psychology. This is WSJ's Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street's banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We'd love to hear from you. Email the show at takeontheweek@ To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of Further Reading Five Signs of a Market Bubble Investors Are Tracking With Hectic Trading in Krispy Kreme and OpenDoor, Stocks Head for a Meme Reversion Fed Holds Rates Steady, but Two Officials Back a Cut For more coverage of the markets and your investments, head to WSJ's Heard on The Street Column, and WSJ's Live Markets blog. Sign up for the WSJ's free Markets A.M. newsletter.
Reuters
24-07-2025
- Business
- Reuters
Japan's Topix rallies to record high in trade deal afterglow
TOKYO, July 24 (Reuters) - Japan's Topix index climbed to a record high on Thursday and the Nikkei share average hit a new one-year peak, as stocks rallied for a second straight session after Tokyo struck a long-awaited trade deal with Washington. The Topix (.TOPX), opens new tab advanced as much as 2.1% to reach 2,986.63 for the first time ever. The Nikkei (.N225), opens new tab gained as much as 2.2% to 42,065.83, crossing the psychological 42,000 mark for the first time since July of last year. The trade deal announced late on Tuesday by U.S. President Donald Trump reduced a reciprocal rate and autos-specific levies to 15%, from the 25% Washington had threatened previously. Signs that the European Union may soon agree its own tariff agreement with the U.S. also lifted overall market sentiment. The rubber index (.IRUBR.T), opens new tab, which includes tyre makers, jumped 3.3% after advancing 2% a day earlier. The Topix transport equipment index (.ITEQP.T), opens new tab gained just 0.2%, but that followed a nearly 11% surge in the previous session. On Wednesday, the Topix gained 3.2% and the Nikkei climbed 3.5%. "This trade deal with the U.S. reaffirms the relationship on both strategic and economic levels," Dan Hurley, portfolio specialist at T. Rowe Price, said in emailed comments. "On a three- to-five-year basis, we remain constructive on Japan equities," he said. "Valuations are not stretched by any means." Banks led the equity rally on Thursday, with the sectoral Topix index (.IBNKS.T), opens new tab jumping 3.7% to be top among the bourse's 33 industry groupings. Lenders have been buoyed by bets that the economic clarity offered by the tariff deal will allow the Bank of Japan to resume interest rate hikes later this year. The central bank will meet on policy on Wednesday and Thursday of next week, but traders are eyeing October for a potential rate hike, putting the odds at around 57%.
Reuters
24-07-2025
- Business
- Reuters
Japan's Topix rallies 2% to record high in trade deal afterglow
TOKYO, July 24 (Reuters) - Japan's Topix index climbed to a record high on Thursday and the Nikkei share average hit a new one-year peak, as stocks rallied for a second straight session after Tokyo struck a long-awaited trade deal with Washington. The Topix (.TOPX), opens new tab advanced as much as 2% to reach 2,984.25 for the first time ever. The Nikkei (.N225), opens new tab gained as much as 2% to 42,004.92, crossing the psychological 42,000 mark for the first time since July of last year. The trade deal announced late on Tuesday by U.S. President Donald Trump reduced a reciprocal rate and autos-specific levies to 15%, from the 25% Washington had threatened previously. The Topix transport equipment index (.ITEQP.T), opens new tab gained 1%, adding to the previous session's nearly 11% surge. The rubber index (.IRUBR.T), opens new tab, which includes tyre makers, jumped 3.4% after advancing 2% a day earlier. On Wednesday, the Topix gained 3.2% and the Nikkei climbed 3.5%. "Given the swift and favourable tariff agreement, we view these updates to be positive for Japanese equities," Dan Hurley, portfolio specialist at T. Rowe Price, said in emailed comments, adding that he maintains a "constructive" view of the market on a three- to-five-year horizon. "This trade deal with the U.S. reaffirms the relationship on both strategic and economic levels." Banks stood out, with the sectoral Topix index (.IBNKS.T), opens new tab jumping 3.6% after a 4.4% rally on Wednesday. Lenders have been buoyed by bets that the economic clarity offered by the tariff deal will allow the Bank of Japan to resume interest rate hikes later this year. The central bank will meet on policy on Wednesday and Thursday of next week, but traders are eyeing October for a potential rate hike, putting the odds at about a coin toss. Benchmark 10-year Japanese government bond yields stood at 1.6% on Thursday, matching the high from Wednesday, a level unseen seen since October 2008.
