Macquarie Profit Misses Estimates as Commodities Unit Weighs
Macquarie Group Ltd.’s earnings missed estimates as a plunge in profit from its commodities and global markets business dragged on the Australian firm’s performance.
Macquarie Group Ltd.’s earnings missed estimates as a plunge in profit from its commodities and global markets business dragged on the Australian firm’s performance.
By one measure, according to Point72’s Sophia Drossos, Japan’s intervention to prop up the yen has achieved a key objective: Preventing the market from piling into lopsided bets against the currency.
Equities in Asia climbed after stocks and bonds rallied on Wall Street Thursday, ahead of crucial US jobs data due later Friday.
Oil is headed for its biggest weekly decline since February on signs of weakening demand, increasing speculation that OPEC+ will prolong output cuts to shore up prices.
Bond traders pulled forward expectations for the Federal Reserve’s first full interest-rate cut by a month to November ahead of a key US jobs report on Friday.
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