Wall Street Has Best CPI Day Since at Least 2023: Markets Wrap
Wall Street futures climbed as big US banks posted estimate-topping results and investors awaited a crucial inflation print that they hope will surprise to the downside.
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Wall Street futures climbed as big US banks posted estimate-topping results and investors awaited a crucial inflation print that they hope will surprise to the downside.
After launching a spot Bitcoin ETF on U.S. markets last year, BlackRock has launched a similar product for the Canadian market.
JPMorgan Chase & Co. analysts estimate that a proposed batch of exchange-traded funds holding alternative cryptocurrencies may attract inflows of as much as $14 billion should they get approved by the US Securities and Exchange Commission.
An exchange-traded fund (ETF) expert says the record inflows seen by Canadian ETFs last year was broad based across asset classes and markets, indicating their growing popularity among retail investors – a trend she says is likely to continue.
Traders who briefly had been sitting on more than $100 million in paper profits after buying call options in early December on a pair of tiny China-linked ETFs appear to have closed the positions Friday at almost as big of a loss.
It wasn’t supposed to be this way. With the economy booming, a friendly Federal Reserve at its back and Donald Trump headed to the White House, Wall Street saw nothing but upside as the calendar turned.
After a strong start to the new year that saw Bitcoin retake the $100,000 level, the original digital asset is struggling to maintain momentum.
After cementing its position as the dominant player in the US for a niche but highly lucrative investment vehicle, Janus Henderson is looking to try its luck in Europe.
Asian stocks were poised for a muted open after Wall Street traders refrained from making big bets, with US equity markets set to close ahead of Friday’s jobs report.
Saudi Arabia’s sovereign wealth fund invested $200 million in the first European-listed exchange traded fund to track the kingdom’s debt, as the government looks to attract more foreign flows into its bond market.
Foreign investors keep pulling money out of Brazilian stocks as mounting fiscal risks and rising interest rates dim the outlook for local equities.
Apollo Global Management Inc.’s head of private equity capital markets, Matthew Manin, has left the firm to pursue another opportunity, according to people with knowledge of the matter, who asked not to be identified discussing private information.
Since mid-September, the US Federal Reserve has cut benchmark interest rates by 100 basis points. Yet the yield on 30-year Treasury bonds has risen by around the same amount. This divergence between short- and long-term rates is counterintuitive and far from isolated, with UK 30-year yields hitting the highest since 1998 even as the Bank of England eases monetary policy.
Chinese investors’ demand for better returns overseas is so strong that even an expanded purchase quota for some funds is selling out fast.
Stocks in Asia are set to follow US peers lower after a selloff in Treasuries deepened on bets the Federal Reserve won’t cut interest rates again before July because of inflation risks.
Invesco Ltd.’s ETF lineup absorbed a record amount of cash in 2024 from at least two classes of investors: those chasing AI-driven gains, and those shying away from big tech’s sway.