HSBC's Pulse Check survey showed that nearly 68% of local customers expect no change or improvement in their wealth position by year-end, despite global uncertainties.
Shares of Opendoor Technologies Inc. surged more than 188% over a week, reflecting investor interest despite recent struggles due to rising interest rates and a slowing housing market.
Foreign investor activity eased as global uncertainty around the pandemic, and inventory shortages made the U.S. market less attractive. However, the U.S. dollar has softened, inventory has picked up, and buyers have pulled back, creating opportunities for foreign investors, especially those paying in all-cash.
All English regions and the three devolved nations have seen manufacturing output rise back above 2019 levels for the first time. The South West was the strongest performing region with output more than a quarter (27%) above 2019 levels, driven by a surge in spending in the aerospace and defence sectors.
The hedge fund industry is expected to grow to USD 5 trillion by 2028, driven by demand for alternatives in uncertain markets.