Asia’s AT1 bond market is struggling to recover
The perpetual bond market has yet to recover from a confidence crisis triggered by recent market turmoil.
Gold and Silver Forecast: As Prices Dwindle, Retail Traders Become More Bullish
Gold and silver prices have continued aiming lower in recent weeks. Now, retail traders have responded by increasing their bullish exposure. Is this a warning that further losses might be in store?
Blackstone Limits REIT Investor Redemptions again in April
NEW YORK, May 1 Reuters Blackstone Inc on Monday said it had again limited withdrawals from its 70 billion real estate income trust in April as investor redemption requests continued to pile up. Blackstone said BREIT had received 4.5 billion worth of withdrawal requests in April, but the fund fulfilled only 1.3 billion or 29 of […]
Bond Investors Fearing Recession, Boost Safety Bets ahead of FOMC
NEW YORK, May 1 Reuters Bond investors, fearing a recession is around the corner and preparing for an end of the Federal Reserve39;s tightening cycle, have embraced the safety of U.S. Treasuries and shed risky exposures in investment grade and high yield credit. The collapse in March of Silicon Valley Bank and Signature Bank, and […]
Currencies in Limbo Awaiting Packed Week of Central Banks
SYDNEY, May 1 Reuters Currencies were in limbo on Monday as holidays in most of Asia made for thin trading, while traders braced for a packed week of central bank meetings that would offer the latest guidance on future rate hikes across continents. Activity in the foreign exchange markets was subdued due to the Labour […]
UK Inflation Expectations Ease, BoE Considers next Rate Hike
LONDON, May 1 Reuters Inflation expectations in Britain eased in April, bank Citi said on Monday, offering some relief to the Bank of England which is expected to announce a 12th straight interest rate hike next week with investors betting on further increases after that. Citi said its monthly survey conducted by market research company […]
FDIC Report to Reopen U.S. Bank Deposit Insurance Debate
May 1 Reuters A key U.S. banking regulator is set to publish a comprehensive overview of the federal deposit insurance system on Monday, teeing up fresh debate about whether the government should expand protections on bank deposits and if so, by how much. The review will be the third report issued in the wake of […]
US FDA Declines to Approve Ascendis Hormone Disorder Therapy
May 1 Reuters Ascendis Pharma AS said on Monday the U.S. Food Drug Administration had declined to approve the Danish drugmaker39;s experimental therapy to treat adult patients with a hormone disorder called hypoparathyroidism, citing concerns linked to manufacturing control of the drug and device combination. The company39;s U.S.listed shares surged 19 in premarket trade as the […]
Australia to Reveal Huge Budget Rebound, Pledge Restraint in Response
Budget for 202324 due on May 9 Deficit to shrink sharply, almost near surplus But red ink ahead from spending pressure, tax cuts SYDNEY, May 1 Reuters Australia39;s Labor government is set to reveal a vast improvement in the budget bottom line next week as its coffers bulge with tax windfalls, yet the outlook will […]
India Apr Factory Activity Hits 4mth High on Robust Demand
BENGALURU, May 1 Reuters India39;s factory activity expanded at its quickest pace in four months in April, driven by solid growth in new orders and output, a private survey showed on Monday, signaling resilient demand and an encouraging outlook. The survey results suggest India will continue to be one of the fastestgrowing major economies despite […]