Bonds issuance will become investor last choice
Investors are focusing on the upcoming quarterly refunding announcement from the Treasury Department, as the financial industry prepares for another surprise regarding the magnitude of US debt. The announcement will outline bond issuance strategies for the next three months, following concerns about the bond market’s capacity for acquiring additional Treasurys. The release is attracting increased…
Regional bank issues comes from bad debts
Regional banks in the US experienced lending problems in Q3 due to increased nonperforming loans and mounting costs from unpaid debts written off as losses. Out of 18 banks, 15 reported jumps in nonperforming loans and charge-offs compared to the same period in 2022. The KBW Nasdaq Bank Index fell by 2.3%, reaching a level…
Oil prices may fall if energy transition start
National oil corporations (NOCs) have made significant progress in enhancing their ability to withstand future oil price downturns due to substantial cash flows and profits. However, many face challenges in sustainability and ESG indicators due to governance concerns, inadequate disclosures, and the absence of Scope 3 emission objectives. Energy consultancy Wood Mackenzie has incorporated eight…
Gold has found its way back to $2.000 per ounce
Gold prices have surged, surpassing $2,000 per ounce for the first time since May due to heightened apprehensions of violence in the Middle East. Spot gold prices increased by up to 1.2% following Israel’s military announcement about Gaza expansion, reaching their largest monthly gain since July 2020. Bullion prices gained almost 9% following the Hamas…
Another hiking interest rates will bring an increase in long term debt
The Consumer Financial Protection Bureau (CFPB) has observed a significant increase in credit card debts in 2022, with the mean debt held by cardholders reaching $5,288. This represents a 24% increase from the previous year’s minimum and is comparable to those observed in late 2019. The highest levels of debt were found among cardholders with…
The Fed may pause another rising rate on next meeting
The Federal Reserve may no longer pursue interest rate hikes due to the depletion of surplus reserves amassed during the epidemic. However, there are still potential concerns associated with an increase in interest rates. The stock market experienced a 0.8% increase, driven by sectors such as international travel, housing and utilities, healthcare, and airline transportation…
The buying power of US consumer are showing a good signal on economic growth
Consumer expenditure in the United States increased significantly in September, driven by increased purchases of motor vehicles and travel. This trend has contributed to sustained growth in consumer spending as the economy enters the fourth quarter. The Commerce Department’s report revealed a surge in expenditure, surpassing initial expectations, and was followed by heightened monthly inflation…
US investor are looking on technological sector while look away from financial sector
U.S. investors have been net selling equities funds for the sixth consecutive week, driven by increased bond yields and concerns about the Israel-Hamas conflict. The yield on 10-year Treasury bonds reached its highest level in 16 years, indicating strong economic expansion and an expanding fiscal deficit. Multi-cap, mid-cap, and small-cap funds experienced net withdrawals, while…