NEW YORK (Reuters) - PIMCO said on Monday it plans to diversify its government bond exposure by buying outside the United States, where its outlook on long-term government debt is bearish due to a deteriorating fiscal profile. The $2 trillion bond-focused asset manager said it favors short-term and intermediate U.S. Treasuries, while it has reduced allocations to long-dated U.S. government...

On Monday, U.S.-listed Chinese stocks like Alibaba Group Holding ( BABA ). , JD.com, Inc. ( JD ) , Baidu, Inc. , NIO Inc. , Li Auto Inc. , and XPeng Inc.  maintained their upward trajectory ahead of a key policy meeting this week. China reportedly plans to host its annual economic planning meeting, at which it will discuss its financial goals and additional stimulus measures. On Monday, President Xi Jinping led...

(Reuters) - U.S. consumers were bracing last month for higher levels of inflation in coming years even as they marked up expectations that their personal financial situations would improve markedly, the New York Federal Reserve reported on Monday. Respondents to the regional Fed bank's survey of consumer expectations in November see inflation a year from now at 3%, versus the...

(Reuters) - Citigroup has lowered its expectations for an interest-rate cut at the U.S. Federal Reserve's December meeting, joining peers in predicting a 25-basis-point reduction, following robust nonfarm payrolls data. Brokerages including Morgan Stanley and Goldman Sachs reiterated their expectation of a 25-basis-point cut after the jobs data. Data showed nonfarm payrolls increased by 227,000 jobs last month after rising...