After opposing waves of fear and excitement pulled in opposite directions, U.S. markets largely sank. On Friday, the S&P 500 fell by 0.5%. The Nasdaq composite dropped 1.2% while the Dow increased by 0.1%. Concerns on the rising bloodshed in the most recent conflict in Gaza caused gasoline prices to soar and Treasury yields to … Read more
According to a panel at the Risk Management Association (RMA) Securities Finance and Collateral Management Conference, several businesses are concerned about the proposed US Treasury Clearing because they believe the implementation costs would exceed the advantages. The panel discussing “Challenges and Economic Considerations in Cash Collateral, Fixed Income, and Repo” conducted a thorough examination of … Read more
A surprise invitation to take “new steps” on post-Brexit commercial relations with the European Union (EU) was sent by the German finance minister to the UK. Christian Lindner stated: “If you want to intensify your trade relationship with the EU – call us!” in a BBC interview. According to a government spokesman, the UK was … Read more
Although there are indications of a slowdown in volatility in the wider markets, options traders are prepared for greater-than-usual post-earnings stock price swings for certain U.S. banks, choices data indicated. Large banks, such as Morgan Stanley and Goldman Sachs, are expected to release their financial results next week; JPMorgan, Wells Fargo, and Citigroup Inc. are … Read more
One week later on Wednesday than in 2022, when issuance reached that milestone during the first week of October, gross new issue in the US investment-grade market crossed the $1 trillion mark. For the balance of the year, around $200 billion in new sales of high-quality bonds are yet to be made, according to David … Read more
The major vape brand of British American Tobacco (BAT), Vuse Alto, was prohibited from being sold in the market on Thursday by the US health agency. Of these flavours, the menthol flavour accounts for the majority of sales. R.J. Reynolds, owned by BAT, is subject to three marketing denial orders (MDOs) from the U.S. Food … Read more
