Category: Economy
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Corporate Bond Issuance Predicted to Rise in New Year Amid Lower Costs
Anticipated Increase in Issuance Investors and other market participants are now predicting a higher volume of bond issuance in the upcoming year. Their expectations are based on the anticipation of a more rapid pace of interest-rate easing following the Federal Reserve meeting last week. The combination of increased U.S. Treasury buying and a tightening of […]
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Yen Dips as Markets Await BOJ Decision on Monetary Policy
Volatility and Uncertainty Surround the Yen The yen fell 0.2% to 142.41 per dollar in early Asian trade, partially reversing the nearly 2% gain it achieved last week due to the decline of the dollar. Over the past few weeks, the Japanese currency has experienced volatility as market participants attempt to gauge the timeline for […]
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Trump Criticizes Record Stock Market as Biden’s Inflation Crisis Looms
Trump Takes Aim at Biden’s Administration Former President Donald Trump, currently the leading contender for the 2024 Republican nomination, made scathing remarks on Sunday about the record highs of the stock markets, stating that they were only benefitting the already affluent. Trump had previously foretold that if Democratic President Joe Biden were to win the […]
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Asia braces for central bank meetings amid mixed investor sentiment
Introduction Asia enters the final full trading week of 2023 with a waning risk appetite following the surge fueled by the U.S. Federal Reserve last week. Investors are now focusing on the upcoming major central bank meeting in Japan. Additionally, the Bank of Japan’s policy decision on Tuesday is expected to take center stage in […]
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Betting on Further Gains as Economy Weakens Threatens Markets’ Resilient Growth
Fed Projections and Investor Sentiment The Fed’s new projections, released on Wednesday, forecast a median of 75 basis points in rate cuts next year, lowering the fed funds rate to between 4.50% and 4.75%. In contrast, traders are betting on a 150 basis point reduction, according to LSEG data. New York Fed President, John Williams, […]
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Indonesia and Japan Bolster Bilateral Trade Relations with New Economic Agreement
Improved Bilateral Economic Agreements Indonesia and Japan have successfully concluded negotiations on protocols to enhance their bilateral economic agreements, according to Indonesia’s Foreign Minister. In a statement, Minister Retno Marsudi announced that the two countries have agreed to the removal of trade barriers, with Japan opening up its markets to Indonesian products. This includes the […]
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The Outdated Economic Framework: Is the IMF Failing in Its Mission?
Ambitious Post-WWII Framework Showing Cracks Martin Guzman, former finance minister of Argentina, is among a growing chorus of economists and world leaders who argue that the post-World War II economic framework, centered around the International Monetary Fund (IMF) and World Bank, is failing to deliver on its mission of global economic growth and stability. Guzman […]
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Ex-Citigroup Oil Bankers Jump Ship Again, Heading to Moelis for Better Deals
Restless Dealmakers Pursue Mega Deals in Energy and Power Sector Six U.S. oil and gas bankers who departed from mergers and acquisitions giant Citigroup last year to join smaller firm Guggenheim Securities are now making another move, heading to Moelis & Co, according to insiders familiar with the matter. This merry-go-round highlights the ambition of […]
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SEC Appeals Court Ruling, Fears Illegal Profits in Securities Industry
Background The U.S. Securities and Exchange Commission (SEC) has filed a petition with a federal appeals court, urging it to review a recent ruling that prevents the agency from recovering ill-gotten gains in cases where no victims were harmed. The SEC argues that upholding the ruling would allow individuals in the securities industry to profit […]
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Positive Economic Data Signals Soft Landing and Immigrant-Powered Labor Force Rebound
Economic Data Indicates Potential for a Soft Landing, says Lael Brainard WASHINGTON – Recent economic data indicates that the potential for a “soft landing” has significantly increased, according to Lael Brainard, head of the National Economic Council and top economic adviser to President Joe Biden. In a press conference held in Washington, Brainard expressed optimism […]