US regulator protests bank claims regarding stricter capital regulations LeapRate

January 23, 2024 BY Elizabeth Anderson

US regulator protests bank claims regarding stricter capital regulations

Under Basel III, an international regulatory reform created by the Basel Committee on Banking Supervision, stricter regulations are now finalised to bolster the regulation, supervision, and risk management of banks to avoid a repeat of the 2007 to 2009 global financial crisis. US banks have, however, been contesting these rules for months, claiming they will…

January 22, 2024 BY Elizabeth Anderson

Hong Kong stock sell-off adds to China’s market instability

Following market instability, the Hang Seng China Enterprises Index (HSCEI) plummeted 2.4%, a stone’s throw away from its lowest level in 20 years. The CSI 300 index also fell 1.6% at market opening. Across the water, however, Wall Street’s S&P 500 index hit a 2-year record high to close last week’s market. Don’t miss out…

January 19, 2024 BY PureContent

2024 financial market outlook by Octa

As a consequence of rising interest rates, higher asset return requirements have also become a drag on the global economy. In 2024, we are in for an election year of heightened geopolitical tensions in the US and worldwide. In addition, the likelihood of the Fed guiding the US economy to a safe landing with interest…

January 19, 2024 BY Elizabeth Anderson

Exness Emerges Victorious as the Most Reliable Broker in the MEA Region at iFX EXPO Dubai 2024

Firstly, they secured the Most Trusted Broker MEA 2024 and the Best IB/Affiliate Programme MEA 2024. The awards were held from 16 to 18 January 2024 at the Dubai World Trade Centre, and the event attracted over 3,500 attendees, with Exness acting as the Official Global Partner. Three of Exness’s senior executives delivered talks, including…

January 19, 2024 BY Elizabeth Anderson

Global markets wait for ECB statement regarding rate cuts

Despite the positive survey from over 60 global chief economists, investors and industry experts are reconsidering when the cuts will come largely because the major global economies have failed to get inflation consistently under its 2% target. Last week, markets predicted a 75% chance of US rate cuts in March of this year. This week,…

January 18, 2024 BY Elizabeth Anderson

OneD Battery Sciences and Koch Modular to boost silicon-graphite anode material production

This material is used in the batteries of these automobiles. OneD is among the startups that develop silicon anode materials. Others in this arena include GDI, Nexeon, and Sila Nanotechnologies. Reportedly, the silicon anode works better than the pure graphite EV batteries. Data shows that China processes more than 90% of the global graphite supply…

January 17, 2024 BY Elizabeth Anderson

Gold Declines Over 1% as Dollar Strengthens and Yields Surge in Response to Hawkish Fed Remarks by Waller

According to a Reuters report, spot gold was down by 1.3%, reaching $2,027.26 per ounce, following three consecutive sessions of gains at 2:36 p.m. E.T. (19:36 GMT). U.S. gold futures also settled more than 1% lower at $2,030.2. A senior analyst at Kitco Metals, Jim Wyckoff, commented: Strong gains in the U.S. dollar index are…

January 17, 2024 BY Elizabeth Anderson

Weekly data: focus on inflation

There was no significant activity among major central banks last week, but expectations of a single cut by the Federal Reserve (‘the Fed’) at the end of this quarter remain high. According to CME FedWatch Tool, around 55% of participants expect five cuts to the funds rate between 20 March and 18 September, which would…

January 16, 2024 BY Elizabeth Anderson

Economists gather at Davos to discuss global outlook

The survey, conducted at the beginning of each year before the World Economic Forum's (WEF) annual meeting in the Swiss resort of Davos, collects data from over 60 chief global economists in both public and private sectors and aims to educate policymakers on worldwide economics. Many of the surveyed experts noted that the disruptive impact…

January 15, 2024 BY Elizabeth Anderson

Ashmore suggest emerging markets will rebound in 2024

Ashmore’s CEO Mark Coombs noted the uptick in investment performance in Q4 of 2023 as talk of cuts spread across markets. According to Yahoo Finance, Ashmore’s funds managed to offset negative flows of $1.6bn in Q4 and gained a positive investment of $3.9bn in the same period. Coombs noted: Emerging Markets delivered good returns and…

Category: Market News