Author: FX
In the final week of the year, there was mixed performance by the major US indices: USA500 closed a tad lower at 3,863; USA100 recorded a 3-week losing streak, closed at 11,038; USA30 was the best performer, ended higher at 33,309. In the last trading week of 2022 and in general in December no ‘Santa Claus Rally’ happened. A research study revealed that a Santa rally would result in the USA500 showing average gains of 10.9% in the year, otherwise there would be an average gain of 4.1% in a ‘non-Santa’ year and tend to imply a potential bearish year.…
Binance CEO Changpeng “CZ” Zhao took to Twitter on Dec. 23 to share his perspective on the reasons behind the recent fear, uncertainty, and doubt (FUD) surrounding the crypto exchange. According to CZ in the thread, Binance’s FUD is primarily caused by external factors – not by the exchange itself. Continue Reading on Coin Telegraph Source link
ICYMI, I posted last week on the holidays in major FX centres in Asia this week. The whole week is going to be more or less a holiday, but Monday and Tuesday will be officially closed in many centres:Japan and China are officially open on Monday. BOJ Gov Kuroda is speaking:Once again, market liquidity will be very thin. If you are trading, take extra care.I won’t be around today or tomorrow but will pop in from time to time. For Kuroda’s speech, for example (although afterwards rather than live coverage). Have a great break if you are taking one. ADVERTISEMENT…
bluebay2014 The rapid increase in interest rates around the world weighed on investment banking activity this year as central banks in many advanced economies took the punch bowl away. The higher cost of borrowing in 2022 put the kibosh on 2021’s boom times. Equity capital markets issuance of $582B (as of Dec. 19) didn’t even surpass the $733B issued in H2 2021, according to Dealogic data. Debt capital market supply of $6.3T year-to-date slid 30% from a year ago. Global mergers & acquisition deal values of $3.6T dropped almost 39% from 2021. Leveraged finance issuance totaled $444B YTD vs. the…
Most major forex centres are closed for a holiday Monday (26 December 2022).I posted who is open and who is closed here:Japan is open Monday, 26 December 2022, and BOJ Gov. Kuroda is speaking:scheduled for 0350 GMT on 26 December 2022 (this is 2250pm NY time on 25 December)Kuroda is addressing a meeting of Councillors of Keidanren (Japan Business Federation) in Tokyo. Keidanren is a significant organisation in Japan with close links to Japan’s ruling Liberal-Democratic Party. It provides advice to the government on economic issues. Last week the BOJ widened its tolerance band for JGB yields, sending a shockwave…
5/5 © Reuters. FILE PHOTO: A woman walks her dog in a local park in Hoboken, New Jersey, while storm clouds pass by the One World Trade Center in New York, U.S., December 23, 2022. REUTERS/Eduardo Munoz 2/5 By Gabriella Borter and Ahmed Aboulenein (Reuters) -A deadly blizzard pummeled Buffalo, New York, on Christmas Day, trapping people in their cars, causing power outages and raising the death toll from a severe winter storm system that swept the United States. Twenty-eight people have died so far in weather-related incidents across the country, according to an NBC News tally. CNN reported a…
Valerii Evlakhov/iStock via Getty Images Goldman Sachs spotlighted key healthcare themes to follow in 2023, noting a few days ago in a research note that despite the ongoing macro uncertainty, the micro factors have become increasingly critical for stock selection in the sector. “Notwithstanding the macro environment, we view micro factors as of increased important for selection,” Goldman analyst Asad Haider and the team wrote in the firm’s 2023 outlook for healthcare. This year, healthcare stocks are on track to outperform the S&P 500 after lagging the benchmark index for three consecutive years, according to analysts. While the defensive pockets…
Torsten Asmus Interactive Brokers Senior Economist Jose Torres warned of growing risks that the U.S. economy will enter a stagflation environment, in which inflation stays high while economic and employment growth cool down. Leading into the potential stagflation landscape, the Federal Reserve has ratcheted up its hawkish monetary policy it started in March via interest-rate increases and balance sheet runoff to dampen the highest level of consumer price inflation seen in nearly 40 years. It’s been the most aggressive tightening cycle since the Volcker era in the 1980s. The U.S. central bank, though, “has a long way to go to…
Nastassia Samal Microsoft (NASDAQ:MSFT) is likely to get its $69 billion planned purchase of Activision (NASDAQ:ATVI) across the finish line and Broadcom (NASDAQ:AVGO) is also expected to get its $61 billion acquisition of VMware (VMW) done. While the market is implying a 40% chance that the Activision (ATVI) deal goes through, especially after the Federal Trade Commission sued to block the transaction earlier this month, Westchester Capital’s Roy Behren sees a significantly higher chance of a deal close. “We would consider this to be mispriced situation, however, there is a long road ahead and things could change,” Behren, Co-President and…
© Reuters. FILE PHOTO: The Bank of Israel building is seen in Jerusalem June 16, 2020. REUTERS/Ronen Zvulun JERUSALEM (Reuters) – Israel’s banking regulator on Sunday approved a conditional licence and control permit to a group of entrepreneurs to establish a new online bank, the second addition to the highly concentrated banking sector in three years. The Bank of Israel said its banking supervision department had completed the inspection process for the new institution named Esh Bank Israel. The approvals, it said, will allow the founders to move forward and complete the mechanical, operational and regulatory preparations required for the…