LONDON - The world's biggest asset manager BlackRock is still backing stocks after recent market turbulence triggered by rising global bond market borrowing costs. World stocks have seen two heavy weekly falls since late January as bets on a strong post-COVID rebound in the global economy have pushed U.S. government bond yields, the main driver of borrowing costs, up roughly 50%. "We still believe the new nominal will support equities and risk assets over the next six to 12 months," BlackRock's Investment Institute economists said, referring to an expectation the world's leading central banks will keep bond yields low. In recent weeks, the fund giant, which manages nearly $9 trillion worth of assets, mainly in passive funds, has turned "overweight" equities on a "strategic horizon" due to "a better outlook for earnings amid moderate valuations". REUTERS
apple developer account
buy high quality apple developer account, in buyappleacc.com, shop in one step and good satisfying services, buyappleacc.com is a reputed apple developer account seller, working almost 3 years in bussiness.