Welcome to green digital supercycle where selectivity is a must
We’re at the early stages of a new green-digital supercycle, but unlike the prior outcome in China, our analysis suggests it will pay to be selective.
How Goldman and Morgan Stanley Avoided Losses after Fund Meltdown Burned Nomura, Credit Suisse
When investors are stampeding for the exits, it pays to be first out the door. Thats what happened when falling shares in ViacomCBS last week ignited a 20 billion wave of forced selling at the Wall Street banks that cater to Archegos Capital Management, the family office founded by former Tiger Management analyst Bill Hwang. […]
Silicon Valley Leaders Think A.I. will One Day Fund Free Cash Handouts
Artificial intelligence companies could become so powerful and so wealthy that theyre able to provide a universal basic income to every man, woman and child on Earth. Thats how some in the AI community have interpreted a lengthy blog post from Sam Altman, the CEO of research lab OpenAI, that was published earlier this month. […]
China Bonds Set for Billions of Inflows after FTSE Index Inclusion
Index provider FTSE Russell gave final approval on Monday for inclusion of Chinese sovereign bonds in its flagship bond index, starting later this year, setting the stage for billions of dollars of inflows into the worlds secondlargest economy. The index provider also said India and Saudi Arabia were being considered for potential inclusion, and that […]
Financials navigate higher rates, but await help on short end
U.S. financial companies such as universal bank JPMorgan and regional lender Comerica may remain beneficiaries of higher long-term rates, but need those on the short end of the curve to rise to show any significant earnings improvement.
JPY Down, NZD AUD Up on Expectations of Faster Growth Inflation; German CPI
Rates as of 0500 GMT Market Recap JPY weakness continued to be a focus of the market as USDJPY hit the highest its been since March 25th last year almost exactly a year ago. This is despite betterthanexpected data out of Japan the February unemployment rate stayed at 2.9 vs. 3.0 expected and retail sales […]
Global Banks Brace for Losses from Archegos Fallout
Global banks may lose more than 6 billion from the downfall of Archegos Capital, sources familiar with trades involving the U.S. investment firm said on Monday, and regulators and investors fear the episode could reverberate more widely. Japans Nomura and Credit Suisse of Switzerland warned of major losses from lending to Archegos for equity derivatives […]
Japans Retail Sales Fall for Third Straight Month
Japanese retail sales fell for the third straight month in February as households kept a lid on expenditure amid the coronavirus emergency, underscoring the fragile nature of the economys recovery from last years slump. Analysts expect Japans economy sharply contracted in the first quarter, as lacklustre consumer spending and weakening exports create challenges for policymakers […]
GBP/USD IG Client Sentiment: Our data shows traders are now net-short GBP/USD for the first time since Mar 18, 2021 when GBP/USD traded near 1.39.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bullish contrarian trading bias.
German Air Taxi Startup Lilium to Float via Reverse Merger
German flying taxi startup Lilium said on Tuesday it would float on the U.S. stock market via a reverse merger with Qell Acquisition Corp, a blankcheque acquisition company, in a deal valuing the combined company at 3.3 billion. Munichbased Lilium is in a race with other aviation startups to deploy batterypowered aircraft that can take […]