Gold and silver continued to rally this week, despite a Friday tumble, amid renewed trade tensions between the world’s top economies. In China, credit growth slowed, dragged by government bond sales and sluggish loan demand among households and companies. In the US, private-sector gauges of inflation showed signs of tariffs boosting the prices of some…
Wall Street’s attention in the week ahead will largely be fixed on a scheduled address from the Federal Reserve Chair, Jerome Powell, alongside the onset of the third quarter earnings season. Economic data, typically a key driver, will take a backseat due to ongoing delays caused by the US government shutdown. Mr Powell is due…
U.S. Treasury yields are little changed as investors assess the growing risk of a potential federal government shutdown, while also looking ahead to the Job Openings and Labor Turnover Survey (JOLTs) report. The 10-year Treasury yield was lower by one basis point to 4.13%, while the 2-year Treasury yield fell over 2 basis points to 3.61%. The 30-year Treasury yield was…
Wall Street is set for a busy week with a plethora of economic data releases scheduled. The primary focus for market participants will centre on the September non-farm payrolls report and the August job openings numbers. Beyond these key employment figures, traders will be closely monitoring releases covering S&P final manufacturing and services PMIs, consumer…
HSBC on Thursday announced it has successfully used quantum computing in a trial to optimize bond trading, making it the first in the world to prove the value of the powerful emerging technology in the financial services industry. Working with IBM, the bank used a combination of classical computing and the tech giant’s Heron quantum…
Another Federal Reserve rate cut, another … rise in interest rates? That is the current dynamic across the Treasury yield curve — the real-time market rates — a week after the Fed’s first cut in policy interest rates in nearly a year. Many consumer loans, such as home equity and mortgages and credit cards —…
The Hong Kong government announced plans for regular digital bond issuances as part of its digital assets Policy 2.0 statement in June. To date it has issued a tokenized green bond in 2023 and a far larger natively digital green bond issuance in 2024 of more than $750 million. According to Bloomberg, it has now…
Long-term borrowing costs in the UK reached their highest level since 1998 on Tuesday, as concerns over the country’s economic outlook combined with a global move higher in bond yields. In a move that adds to pressure on chancellor Rachel Reeves ahead of her Autumn Budget, the yield on the 30-year gilt rose 0.03 percentage…
The S&P 500 made a fresh record high on Wednesday, but the rally is likely to be on pause later today. US futures point to a tepid open later today, and the FTSE 100 has opened up marginally higher. Global stocks have had a strong August so far, led by US indices, and markets are…
NVIDIA CEO believes US tech companies will survive tariffs In an interview with USA TODAY, Jensen Huang, CEO of the world’s most valuable company NVIDIA, discussed President Trump’s tariffs and manufacturing. Nvidia (NVDA) is slated to report its second-quarter earnings after the bell on Wednesday, Aug. 27, roughly two weeks after the company agreed to…