Learning archive

  • September 9, 2024

Lazard Hires State Street’s ETF Chief to Cash In on Market Shift

(Bloomberg) -- Lazard Asset Management is hiring a former State Street Global Advisors executive to help drive its foray into the deeply competitive market for actively managed exchange-traded funds. Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisWorld's Second Tallest Tower Spurs Debate About Who Needs ItThe Plan for the World’s Most Ambitious Skyscraper RenovationUC Berkeley Gives Transfer Students a Purpose-Built Home on CampusRome May Start Charging Entry to the T

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  • September 9, 2024

Morgan Stanley cuts Brent crude price view as market signals demand softness

Rising fuel inventories, lower refining margins and the spreads between the price now and the price in the future all echo previous recessionary periods or other moments of weak demand, Morgan Stanley said. The bank explored the possibility of oil prices acting as recessionary indicator but concluded that it was too early and acknowledged that the market was pricing in a substantial deterioration in the balance of supply and demand. Seasonal demand strength usually subsides after summer, and supply from both OPEC and non-OPEC sources is likely to re-accelerate in the fourth quarter and 2025, leading to a shift in the supply and demand balance, the bank said.

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