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Tech Optimism Helps Offset Macro Worries: UBS

Strong earnings results from Microsoft and Alphabet have boosted optimism in the tech sector and helped offset concerns over the US economic outlook, according to an article published by UBS. S&P 500 futures pointed to a positive end to the week for equities, as investors cheered the tech
Tech Optimism Helps Offset Macro Worries: UBS

Private Equity at an Inflection Point: Goldman Sachs

After a sluggish year for dealmaking in 2023, the private equity industry is poised for a turnaround, according to a recent report from Goldman Sachs. Key factors driving this expected resurgence include stabilizing interest rates, strong company balance sheets, and a substantial pool of "dry powder" - capital
Private Equity at an Inflection Point: Goldman Sachs

US Crude Oil Inventories Fall, Gasoline Production Declines: EIA

US crude oil refineries processed an average of 15.9 million barrels of crude oil per day during the week ending April 19, 2024, a slight decrease from the previous week, according to the latest Petroleum Status Report from the US Energy Information Administration (EIA). Operating at 88.5% of

Private Equity Exits Remain Muted Despite Market Highs, Prompting Focus on Secondary Deals

Despite public equity markets reaching record highs and improving economic outlooks, private equity (PE) exit activity remains surprisingly subdued, prompting investors to turn towards the secondary market for liquidity. A recent report from JPMorgan highlights this trend, raising questions about the future of PE exits. "Muted exit activity has

High Gas Inventory Levels Point to Easing Market Fundamentals: IEA

Following a mild winter with subdued demand, gas storage facilities in both the European Union and the United States have concluded the 2023/24 heating season with inventory levels significantly exceeding their five-year averages. This surplus is anticipated to reduce injection demand during the summer months, potentially leading to a
High Gas Inventory Levels Point to Easing Market Fundamentals: IEA

IEA Forecasts 2.3% Growth in Global Gas Demand, Driven by Asian Markets

Following a period of relative stability in natural gas markets during the mild 2023/24 winter, the International Energy Agency (IEA) predicts a 2.3% increase in global gas demand for 2024. This growth will be primarily driven by the expanding economies of Asia, with industrial and residential/commercial sectors

Market Pessimism Premature and Overdone: UBS

Despite recent market turbulence triggered by geopolitical tensions and rising bond yields, UBS believes the resulting investor pessimism is "premature and overdone," according to a research note published by its CIO office on Monday. The Swiss bank remains optimistic about a market rebound, citing strong US earnings growth

Global Economy Shows Signs of Sustained Growth, But Inflation Concerns Remain

The global economy is picking up steam according to a report by S&P Global. The latest Purchasing Managers Index (PMI) data from S&P Global reached 52.3, a nine-month high, indicating a broad-based recovery across sectors and regions. "This suggests a sustained and positive outlook

BOJ Chief Signals Rate Hikes If Inflation Persists

Bank of Japan Governor Kazuo Ueda has indicated that the central bank will likely raise interest rates if underlying inflation continues to rise. Speaking at a think tank event in Washington, Ueda acknowledged the challenges of determining the appropriate level of interest rates as Japan has not experienced a sustained

Moody's Analytics: ECB Rate Cut on Track for June

Moody's Analytics expects the European Central Bank (ECB) to implement its first interest rate cut in June, despite persistent inflation within the services sector, according to a research report published on Thursday. While acknowledging the need for further data to solidify the decision, the research firm suggests the