• November 14, 2024

JPMorgan Sees Surge in Demand for Equity-Backed Repos Persisting

(Bloomberg) -- A rise in funding costs is spilling into the market for repurchase agreements backed by equities, a phenomenon that’s unlikely to abate, according to JPMorgan Chase & Co. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsThe amount of equity collateral that

  • November 14, 2024

Italy’s Intesa Widens Scope of Crypto Desk to Cover Spot Trades

(Bloomberg) -- Intesa Sanpaolo SpA is expanding the remit of its digital assets desk to handle spot trades with cryptocurrencies, the latest move deeper into the new market by a traditional bank.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsItaly’s biggest lender set u

  • November 14, 2024

Markets pressured by inflation, PPI; Experts advise diversification

US markets are facing pressure with the Dow (^DJI), S&P 500 (^GSPC), and Nasdaq (^IXIC) taking a dip following persistent inflation and a 2.4% year-over-year increase in producer prices. Northwestern Mutual Wealth Management Company CIO ​​Brent Schutte and WisdomTree head of fixed income strategy Kevin Flanagan join Catalyst Anchors Seana Smith and Madison Mills to discuss how market uncertainty should shape investment strategy moving forward. This is a point in the economic cycle where “investors are tempted to concentrate in one particular asset class,” Schutte explains. His advice is to stay diversified and “understand that while large-cap stocks are expensive, there are opportunities in small and mid-cap stocks." Flanagan also raised concerns about rising Treasury yields for the broader economic outlook. “Could the bond market send a signal, a shot across the bow that, ‘hey, you guys need to calm down a little bit here?’” Flanagan said. “That’s what I’d be watching for.” To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Cindy Mizaku.