November 7, 2024
Financial Assets

Regulatory win whets British bank’s appetite for U.S. loans

London-based OakNorth has built a $600 million U.S. loan portfolio in a year without any marketing assistance, CEO Rishi Khosla said. OakNorth London-based digital business bank OakNorth announced Tuesday it has received permission from the Federal Reserve and New York Department of Financial Services to open a representative office. The grant allows the nine-year-old OakNorth

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Financial Assets

Stocks, bonds may rally on Fed Chair Jerome Powell’s rate cut cue | News on Markets

3 min read Last Updated : Aug 25 2024 | 10:20 PM IST The equity market and government bonds are expected to open on a positive note on Monday, following a decline in US Treasury yields after Federal Reserve (Fed) Chair Jerome Powell signalled that it’s time to cut interest rates. Dealers also

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Gold Investing

Could a Black Swan Event Crash Bitcoin? Why Gold Might Be the Safer Bet

In his recent interview with David Lin, Rick Rule, a seasoned investment strategist and commodities investor, shared his deep concerns about the Federal Reserve’s ability to manage the delicate balance between supporting economic growth and controlling inflation. He noted that while recent inflation readings have shown some moderation, he remains deeply concerned about the broader

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Financial Assets

Nasdaq leads stocks higher as Powell waits in the wings

Stocks climbed on Friday in the run-up to a pivotal speech by Federal Reserve Chair Jerome Powell that is likely to shape expectations on policy, the economy, and the future path of interest rates. The S&P 500 (^GSPC) rose 0.6%, while the Dow Jones Industrial Average (^DJI) added 0.5%. The tech-heavy Nasdaq Composite (^IXIC) led

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Gold Investing

Gold nears record high, rallying over a fifth in 2024: Will this continue?

Gold traded near a record high as Federal Reserve minutes and a downward revision of US payrolls reinforced expectations that policymakers will cut interest rates in September. All eyes will be on Fed Chair Jerome Powell’s speech at the Jackson Hole symposium on Friday, when he’s expected to set the table for an interest-rate cut.

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Financial Assets

US Yields Fall as Jobs ‘Seal the Deal’ for Fed Cut: Markets Wrap

(Bloomberg) — Bond yields fell as a big downward revision of US payrolls reinforced bets the Federal Reserve will cut rates in September. Most Read from Bloomberg Treasuries rose across the curve, with the move led by shorter maturities. Swap traders are pricing in about 100 basis points worth of easing in 2024. The implied

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Financial Assets

S&P 500 Spikes to Notch Its Longest Rally in 2024: Markets Wrap

(Bloomberg) — Stocks kept pushing higher, adding to a rally from August lows that’s already topped $3 trillion amid bets the Federal Reserve will signal it’s ready to start cutting interest rates. Most Read from Bloomberg All major groups in the S&P 500 rose, with the gauge up for an eighth straight day — the

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Financial Assets

Why are investors turning to bonds? Experts weigh in

Stock market turmoil earlier this month prompted some investors to ditch stocks in favor of an alternative typically viewed as safer but less exciting: bonds. The renewed popularity of bonds follows months of heightened interest, since investors have sought to lock in high yields in anticipation of interest rate cuts at the Federal Reserve, experts

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Financial Assets

Asian Stocks Rise Ahead of CPI, Kiwi Slumps: Markets Wrap

(Bloomberg) — Stocks in Asia rallied on bets that the upcoming US consumer price report will allow the Federal Reserve to start easing in September. The New Zealand dollar slumped following a surprise rate cut by the country’s central bank. Most Read from Bloomberg The MSCI Asia Pacific Index climbed for a fourth session, with

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Financial Assets

China’s central bank wary of bond bonanza as secondary trade talk continues

China’s central bank has taken a more vocal stance towards secondary market bond trading, suggesting tough action – punishment of rule violators or direct intervention – could be in the works as it attempts to fend off a domestic bond frenzy and optimise its yield curve, analysts said. The People’s Bank of China said it

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