BlackRock, the world’s largest asset manager, is set to launch a new investment platform in Saudi Arabiawith the backing of up to $5 billion from the country’s sovereign wealth fund, the Public Investment Fund (PIF). This significant collaboration aims to boost Saudi Arabia’s capital markets and further the kingdom’s economic diversification efforts. A New Investment …
Traders Expect and investors are bracing for a significant move in the S&P 500 as the Federal Reserve prepares to announce its policy decisions later today. Data from Citibank suggests that the index could experience a swing of nearly 1%marking the most significant movement since May 2023when the Fed’s policy meeting also led to a …
Traders Expect Largest S&P 500 Movement Since 2023 Read More »
Global Investors around the world are rethinking their strategies as Wall Street’s turbulence and stubborn inflation lead to a recalibration of expectations for U.S. Federal Reserve interest rates. April was a rough month for U.S. stocks and bonds, with the S&P 500 share index and U.S. Treasuries experiencing their most significant monthly losses since September. …
Global Investors Seek Shelter from Wall Street’s Turbulence Read More »
Australian Banks are set to report weaker first-half profits, with high operating costs and intense competition in the mortgage and deposit markets squeezing their margins. The pressure on profits comes despite an initial boost to the banking sector from rising interest rates, indicating a potential slowdown in the strong performance that had been driving the …
Australian Banks Face Profit Squeeze Amid Rising Costs Read More »
Kiwi Plumbs often affectionately referred to as the “Kiwi,” has seen better days. It recently hit a two-week low, following the release of disappointing labor data that has stirred up the market. This dip has sharpened the Kiwi’s losses against the US dollar, leading investors to wonder about the broader implications for the New Zealand …
Kiwi Plumbs Two-Week Trough After Disappointing Labor Data Read More »
Dollar Loses experienced a decline against most major rivals on Monday as markets focused on corporate earnings and the Federal Reserve’s policy meeting this week. Following earnings reports from major tech companies like Tesla, Alphabet, and Microsoft, investors are eagerly anticipating new results from other tech giants, including Apple. The Federal Reserve’s upcoming policy meeting, …
Dollar Loses Ground as Markets Focus on Corporate Earnings Read More »
Euro under pressure has been under pressure in European trade on Tuesday, backing away from two-week highs against the dollar. This decline is driven by a combination of profit-taking and concerns ahead of crucial eurozone inflation data. With inflationary pressures showing signs of easing, there is growing speculation that the European Central Bank (ECB) may …
Euro under pressure ahead of European inflation data Read More »
Bitcoin on Track has been on a rollercoaster ride this month, with a significant drop in its price causing waves of concern among investors. With the looming threat of a US inflationary recession and lower-than-expected trading volumes in Hong Kong’s crypto exchange funds, Bitcoin is on track for its largest monthly loss since November 2022. …
Bitcoin on Track for Largest Monthly Loss Since November 2022 Read More »
Wall Street Loses Ground, the stock market saw a notable decline on Tuesday as US treasury yields continued to climb, drawing investor attention and impacting broader market sentiment. Treasury yields play a crucial role in the financial ecosystem, often affecting interest rates, borrowing costs, and ultimately, the performance of stock indices. Understanding US Treasury Yields …
Wall Street Loses Ground as US Treasury Yields Gain Momentum Read More »
Euros Climb is back in the spotlight, gaining against the US dollar as it hovers near a two-week high. Despite this uptick, the overall outlook suggests a potentially bearish future, with market analysts keeping a close eye on key factors like European inflation data and the US-Europe interest rate gap. Let’s delve deeper into the …
