This year is shaping up as a key test for buoyant commodity prices, and we expect a dynamic similar to the pre-pandemic one — with supply elasticity to overwhelm demand, on the back of advancing technology.
Family offices have grown in the U.S., but that segment remains lightly regulated and that could be a problem for the financial industry, warned a former counsel at the Securities and Exchanges Commission. The risks posed by large family offices came under the spotlight after the multibilliondollar Archegos Capital Management was last week forced to […]
Singapores stock market is staging a strong comeback. The benchmark Straits Times Index ended 2020 as the worst performer in Asia, losing 11.8 through the year. But the STI climbed around 12.2 so far this year, and has become one of the regions top performers. The STI is a market capitalization weighted index that tracks […]
Rates as of 0500 GMT Market Recap Its hard to classify todays moves as riskon or riskoff or risky or whatever. The growthsensitive AUD was the 1 loser but the safehaven CHF was the 2. I think probably the main impetus was just positioncutting ahead of the long holiday weekend both Friday and Monday are […]
President Joe Biden unveiled a more than 2 trillion infrastructure package on Wednesday as his administration shifts its focus to bolstering the postpandemic economy. The plan Biden outlined Wednesday includes roughly 2 trillion in spending over eight years and would raise the corporate tax rate to 28 to fund it. Speaking at a union hall […]
LONDON, April 1 Reuters The pound was little changed against the dollar on Thursday and a touch lower versus the euro, but traders remained optimistic about its longerterm prospects, boosted by expectations for a vaccineled economic recovery in the UK. Sterling had its strongest quarter against the euro since 2015 in the first three months […]
Asias factories stepped up production in March as a solid recovery in global demand helped manufacturers move past the setbacks of the pandemic, although rising costs are creating new challenges for businesses in the region. A series of upbeat factory surveys released on Thursday reinforce market optimism that vaccine rollouts, as well as strong growth […]
TOKYO, April 1 Reuters Yields on Japanese government bonds rose on Thursday after the Bank of Japan BOJ said it will reduce the amount and frequency at which it buys debt, reflecting monetary policy changes made last month. The BOJs buying of conventional JGBs will fall by about 9 to 5.9 trillion yen 53.32 billion […]