It now has a reputation as a terrific, safe earner.
Investors also await a key German court ruling Wednesday. Moody's warns it could lower its rating on the US. The US trade deficit widens. McDonald's comp sales miss expectations.
The bailed-out insurer is in much better shape than before.
| Tags: | aigCJonathan Berr |
Trading volume remains light as investors stay on the sidelines ahead of the Fed's next rate decision, expected later this week.
Weak China data drags on global stocks even as it increases hopes for more stimulus. An eventful week in Europe could provide more hurdles for the eurozone. The government will sell $18B in AIG shares.
In the second quarter, the portfolio manager bought shares of these companies.
The S&P 500 hits a 4-year high and the Dow jumps more than 200 points after the European Central Bank also keeps its key rate unchanged. US jobless claims decline, and private employers hire more workers than expected. The US services sector expands.
The insurer looks to offset low yields from bonds and stocks through investments in higher yielding mortgage loans.
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