Markets are shifting their focus east, with Chinese data and policies in the spotlight as Beijing’s once-in-five years leadership reshuffle looks set to see President Xi Jinping break with precedent and secure a third term. U.S. data will no doubt be scoured for signs of a long-hoped Federal...
https://www.hellenicshippingnews.com/take-five-chinas-challenges/
Investors piled into cash at the fastest weekly rate since April 2020 in the week to Wednesday, as soaring government borrowing costs, high energy prices and slowing growth fanned risk aversion, BofA Global Research said in a note on Friday. Investors ploughed $88.8 billion into cash, BofA said,...
African startups attracted a record $3.5 billion in venture capital investment in the first half of this year, bucking a global decline in dealmaking linked to worldwide economic turmoil, data released by an industry group showed on Tuesday. The funding, raised by 300 different companies,...
The soundest gauges of the bond market’s long-term inflation view plunged last week to their lowest in almost two years, suggesting investors think the Fed will get inflation back near its target level as it hikes rates and slows the economy. The five- and 10-year Breakeven Inflation rates , which...
https://www.hellenicshippingnews.com/bond-market-bets-u-s-inflation-will-eventually-behave-for-fed/
Calls to the Bank of England saying some British pension funds were struggling to meet margin calls began on Monday. By Wednesday they were getting more urgent and coordinated. Wild gyrations in financial markets in response to a government “mini-budget” on Sept. 23 meant that swathes of Britain’s...
https://www.hellenicshippingnews.com/under-water-how-the-bank-of-england-threw-markets-a-lifeline/
In this turbulent market, opportunities abound, according to JPMorgan’s Mary Callahan Erdoes. Stocks have been trading in a bear market this year as investors navigate inflation, Federal Reserve interest rate hikes and talk of a potential recession. On Wednesday, the S&P 500 rebounded after hitting...
Japanese Finance Minister Shunichi Suzuki said authorities stood ready to respond to speculative currency moves, a fresh warning that comes days after Tokyo intervened in the foreign exchange market to stem yen falls for the first time in more than two decades. Suzuki also told a news conference on...
British government bond prices collapsed on Monday, pushing yields to their highest in over a decade, amid speculation that the Bank of England might need to take emergency action after sterling hit a record low against the U.S. dollar overnight. Two-year gilt yields rose as much as 54 basis points...
https://www.hellenicshippingnews.com/uk-bond-prices-collapse-after-sterling-hits-record-low/
Goldman Sachs has cut its year-end 2022 target for the benchmark S&P 500 index by about 16% to 3,600 points, as the U.S. Federal Reserve shows little signs of stepping back from its aggressive rate-hike stance. Analysts at Goldman Sachs (NYSE:GS) wrote in a note late Thursday that the expected path...
https://www.hellenicshippingnews.com/goldman-sachs-cuts-2022-target-for-sp-500-by-16/
The global Basel Committee of banking regulators will complete work on “robust” rules for how banks must set aside capital to cover cryptoassets on their books, the committee’s oversight body said on Tuesday. The panel, made up of banking regulators from the world’s main financial centres, has...
https://www.hellenicshippingnews.com/bank-capital-rules-for-cryptoassets-due-by-year-end/