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Recap | Fed's Hawkish Cut and Market Sell-Off

Recap | Fed's Hawkish Cut and Market Sell-Off

The Federal Reserve, in its December meeting, delivered exactly what the market had predicted: a 25-basis-point cut to interest rates. Yet, instead of celebrating the anticipated move towards easier monetary policy, markets threw a tantrum. Stocks tumbled, bond yields soared, and volatility spiked – all on the back of a move
Trump's Quest for Cheap Energy

Trump's Quest for Cheap Energy

Trump and Bond Yields

Trump and Bond Yields

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The Financial Times
IPO hopeful eToro grabs market bull by the horns
Israel-based company seeks to take advantage of equities and crypto boom despite its struggles to show consistent growth ...
Reuters
Bank of Japan poised to raise rates to highest in 17 years - Reuters
Bank of Japan poised to raise rates to highest in 17 years  Reuters
Bloomberg L.P.
Emerging Stocks Trade at Biggest-Ever Inauguration-Day Discount
Emerging markets on Monday braced for Donald Trump’s second term with stocks languishing at the biggest-ever valuation discount on record for a US presidential inauguration day, and some bond spreads ...
Reuters
BoE could slow QT to hold off bond vigilantes
Bond vigilantism has returned to Britain, raising the prospect that the government will be forced to consider politically toxic tax rises or public spending cuts to placate investors concerned about ...
Reuters
China's crude oil imports from top supplier Russia reach new high in 2024
China's crude oil imports from top supplier Russia were up 1% in 2024 to a record high versus 2023, while purchases from Saudi Arabia dropped 9%, data showed on Monday, as refiners chased discounted ...
Nikkei Asia
All eyes on cautious BOJ as money flows out of Japan - Nikkei Asia
All eyes on cautious BOJ as money flows out of Japan  Nikkei Asia
Reuters
China's surplus crude oil surged last year, giving options for 2025
China's surplus crude oil eased slightly in December, but the excess surged in 2024 to more than 1 million barrels per day (bpd) as refiners gobbled up cheaper Russian cargoes.
Reuters
China's surplus crude oil surged last year, giving options for 2025: Russell
China's surplus crude oil eased slightly in December, but the excess surged in 2024 to more than 1 million barrels per day (bpd) as refiners gobbled up cheaper Russian cargoes.
Economist
China meets its official growth target. Not everyone is convinced
For one thing, 2024 saw the second-weakest rise in nominal GDP since the 1970s
Reuters
Brazil's Haddad says high interest rates will curb inflation
Brazil's Finance Minister Fernando Haddad said on Friday that high interest rates are poised to have a much stronger effect on inflation than many expect, dismissing fears that fiscal challenges could ...
Bloomberg L.P.
Federal Reserve Withdraws From Global Climate Coalition
The Federal Reserve announced Friday it had withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System, a global coalition of central banks engaged in the study of ...
Reuters
Federal Reserve announces exit from regulatory climate change group
The Federal Reserve announced on Friday it had withdrawn from a global body of central banks and regulators devoted to exploring ways to police climate risk in the financial system.
Reuters
Japan companies preparing for Trump tariffs, survey shows - Reuters
Japan companies preparing for Trump tariffs, survey shows  Reuters
Reuters
Private equity 'secondary' sales hit record as Ardian closes $30 bln fund
The secondary market for private equity funds saw record transaction volumes last year as buyout bosses and their investors looked for ways to generate cash amid a downturn in dealmaking.
Reuters
India's economy set for rebound but food inflation needs monitoring, cenbank says
India's economic growth is poised to rebound as domestic demand regains strength, but "stickiness" in food inflation warrants careful monitoring, the central bank said in its monthly bulletin released ...
Reuters
Fed to hold rates in Jan as Trump's policies stir inflation worries
The U.S. Federal Reserve will hold interest rates steady on Jan. 29 and resume cutting in March, according to a slim majority of economists polled by Reuters, as policymakers digest an expected ...
Bloomberg L.P.
Here's Why Immigration Policy Matters So Much For The US Economy
Many economists and business leaders credit immigration for filling vacancies across the economy, but Donald Trump and many of his allies accuse immigrants of lowering wages and taking jobs from ...
Reuters
U.S. equity fund outflows surged on doubts over Fed rate cuts
U.S. equity funds saw a spike in outflows for the week ending Jan. 15, as the outlook for Federal Reserve rate cuts this year had dimmed while investors were cautious about the ongoing quarterly ...
Reuters
Corporate hedging to save debt costs may have worsened 10yr sell-off
A sell-off in U.S. Treasury markets in recent weeks was likely made worse by corporate plans to borrow nearly $190 billion in the bond market this month, bankers and analysts said, highlighting a risk ...
Reuters
OPEC's share in India's annual oil imports rises after 8-year drop
OPEC's share in India's crude oil imports edged up in 2024, rising for the first time in nine years, while top supplier Russia's share remained steady, data obtained from trade sources showed.
Reuters
Russia's Sberbank reports record profits for 2024
Russia's largest lender Sberbank on Friday reported record annual profits of 1.56 trillion roubles ($15.22 billion)for 2024, helped by strong growth in corporate borrowing and high interest rates, ...
Nikkei Asia
Home - Nikkei Asia
Home  Nikkei Asia
Reuters
Trump’s Treasury pick Bessent says US must keep oversight of Treasuries
The United States should keep oversight of potential problems in the U.S. bond market, President-elect Donald Trump's Treasury Secretary pick Scott Bessent told Congress on Thursday, referring to Wall ...
Nikkei Asia
Japan's ultra-easy monetary policy hurt fiscal discipline, economists say
TOKYO -- The Bank of Japan's long-term quantitative and qualitative easing measures since 2013 had the side effect of loosening fiscal discipline, 64% of respondents said in a new Nikkei poll of ...
Reuters
How bond market vigilantes could check Trump's power
Like Clinton before him, Trump now faces the prospect of bond vigilantes becoming a potent check on his policy agenda, according to several former U.S. and foreign policymakers who faced market ...
Economist
Ethiopia gets a stockmarket. Now it just needs some firms to list
The country is no longer the most populous without a bourse
BBC
Bank performance signals boost to US economy - 16 Jan 2025
Jason Betz, a Private Wealth Advisor at Ameriprise Financial says that there is untapped resilience in the American economy. While her three offspring take a leisurely bath, this Bengal tiger mother ...
Reuters
EM central banks cool on Treasuries, stoking bond yield heat
Spiking Treasury yields and the 'wrecking ball' dollar are creating a negative feedback loop that monetary authorities around the globe may be helping to sustain.
Reuters
Oil retreats slightly after boost from US crude draw, Russia sanctions
Oil prices fell back slightly on Thursday, a day after settling at multi-month highs on U.S. President Joe Biden's latest sanctions targeting Russia and a larger than forecast fall in U.S. crude ...
Reuters
Inflation revival persists as market risk despite CPI-fueled rally
A relatively benign U.S. reading on consumer price increases triggered a sharp relief rally in stocks and bonds on Wednesday, but traders and investors warn that markets are likely to remain anxious ...

Fixed Income

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Country Garden Proposes $11.6 Billion Debt Reduction Deal

Country Garden, once China's largest property developer, has proposed a deal to its offshore creditors that would slash its debt by $11.6 billion, Reuters reports. This move aims to secure more time from the Hong Kong high court to implement a restructuring plan. The deal, reached with

China to Sharply Increase Treasury Bond Funding to Spur Growth in 2025

China plans to significantly increase funding from ultra-long treasury bonds in 2025 to stimulate business investment and consumer spending, Nikkei Asia reports. This move aims to revitalize the faltering economy. Yuan Da, deputy secretary-general of the National Development and Reform Commission (NDRC), announced the plan at a press conference. Special

China Dividend ETFs Soar as Investors Ditch Bonds

Chinese investors are flocking to dividend-paying stocks as 2024 draws to a close, propelling two of the largest dividend exchange-traded funds (ETFs) in the country to record-breaking inflows, reports Bloomberg. The Huatai PB CSI Bonus Low Fluctuation ETF and Huatai-PineBridge SSE Dividend Index ETF saw a combined 9.4 billion

Japan Approves Record $730 Billion Budget with Reduced Bond Issuance

Japan's cabinet is set to approve a record ¥115.54 trillion ($731.28 billion) general-account budget for fiscal 2025 on Friday, according to Nikkei Asia. While this represents a significant increase from the previous year, the government plans to finance a smaller portion of the budget with debt.

Commodities

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Equinor Extends Norway LNG Outage by 10 Days

Equinor has extended the outage at its Hammerfest LNG plant in Norway by 10 days, Reuters reports. The plant, also known as Melkoeya LNG, is Europe's largest liquefied natural gas (LNG) export facility, and the outage is expected to last until January 19. The company initially announced on

Cocoa Plunges as Exchange Curbs Volatility

Cocoa prices tumbled to their lowest point in over a week, with the most-active contract shedding nearly 5% in London. Bloomberg reports that traders are adjusting their positions in response to new measures implemented by Intercontinental Exchange Inc. (ICE) to curb market volatility. ICE Futures Europe on Tuesday lowered the

Oil Prices Slip in Thin Holiday Trade as Traders Await Economic Data

Oil prices edged lower on Monday in light holiday trading, as traders awaited key economic data releases from China and the US this week, according to Reuters. The upcoming data is expected to shed light on the health of the world's two largest oil consumers and the outlook

Gas Prices Surge as Ukraine Transit Deal Uncertainty Deepens

European natural gas prices surged on Friday, driven by Russian President Vladimir Putin's latest pronouncements casting doubt on a post-2024 gas transit deal through Ukraine, as reported by Bloomberg. Benchmark futures jumped as much as 5%, marking the most significant weekly increase, following Putin's Thursday statement