Information

  • Dec 12, 2024

European Banks Still Have Upside After Market-Leading 2024 Gains

(Bloomberg) -- European banks face multiple headwinds but analysts from Barclays Plc to Goldman Sachs Group Inc. remain bullish on the sector — albeit selectively.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersHow California Sees the World, and ItselfCity Hall Is HiringAmerican Institute of Architects CEO ResignsLenders are the top-performing equity group in Europe in 2024, up 26% year-to-date. But slowing eco

  • Dec 12, 2024

Pimco, Fidelity See Risk of More ECB Cuts Than Market Expects

(Bloomberg) -- Pacific Investment Management Co. and Fidelity International are among investors who say the darkening economic outlook in Europe may force policymakers to cut interest rates more than the market expects.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsHow California Sees the World, and ItselfThe latest pricing suggests the European Ce

  • Dec 12, 2024

Australian Pension Fund Reveals Rare Wager on Bitcoin Futures

(Bloomberg) -- Australian pension and wealth firm AMP Ltd. has become one of the nation’s first large retirement managers to invest in cryptocurrency products, allocating about A$27 million ($17.2 million) to Bitcoin futures. The fund “took the plunge and made a modest allocation to bitcoin” earlier this year, AMP Senior Portfolio Manager Steve Flegg said in a LinkedIn post this week. A spokesperson for AMP said the investment was in Bitcoin futures, adding that there are no plans to increase th

  • Dec 12, 2024

S&P 500 on Track for 6,500, Says Citi – Here Are 2 Stocks Poised to Climb Along

With the 2024 election behind us, conventional wisdom suggests a second Trump administration may aim to replicate the economic playbook of the first. This approach is expected to feature a blend of pro-business deregulation and elements of protectionism. Citigroup head of US equity strategy Scott Chronert is keeping a close eye on the evolving economic landscape and leans toward an optimistic outlook – while acknowledging the inherent risks. “We maintain a positive view on US equities headed int

Popular Post