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Private Credit in Australia Booms as Interest Rates Rise, Banks Retreat

Australia's burgeoning private credit market is experiencing a surge of interest from institutional investors seeking higher returns amidst rising interest rates and a cautious banking sector, reports Bloomberg. This trend is driven by the attractive yields offered by private credit funds, which have become a compelling alternative to

Goldman Sachs Cools on Indian Stocks, Citing Slowing Growth

Goldman Sachs downgraded its outlook on Indian equities to neutral from overweight on Tuesday, signaling growing concern over the impact of slowing economic growth on corporate earnings, reports Bloomberg. The move, outlined in a note by strategists including Sunil Koul, marks a shift from the firm's optimistic stance

IMF Cuts China Growth Forecast, Warning of Worsening Property Crisis

China's growth forecast for 2024 has been downgraded by the International Monetary Fund (IMF), which cites a deepening property crisis as a key risk to the global economic outlook, CNBC reports. The organization now predicts China's economy will expand by 4.8% this year, down 0.

Fixed Income Outlook Positive, UBS Says

Despite climbing US Treasury yields this week amidst election uncertainty and global debt concerns, UBS maintains a positive outlook on fixed income. The Chief Investment Office of the Swiss bank cites anticipated easing of Federal Reserve policy and robust corporate bond fundamentals as key drivers, according to a note published

US Equities Supported by No-Landing Economy: UBS

The US economy is headed for a "no landing" scenario, characterized by controlled inflation and sustained growth, according to a note published by UBS on Friday. This outlook has prompted the Swiss bank to upgrade US equities to "Attractive" and predict double-digit returns for the S&

Fed Walks Tightrope Between Growth and Inflation

The Federal Reserve finds itself at the crossroads of satisfying Wall Street's desires and adhering to its dual mandate of maximum employment and 2% inflation. Recent developments and statements from Fed officials have highlighted the complexities of this balance. The September Rate Cut and Its Aftermath In September,

Goldman Sachs Warns of Oil Price Spike on Middle East Supply Fears

The recent missile attack by Iran on Israel has raised concerns about potential disruptions to oil supplies from the Middle East, prompting a spike in oil prices, according to a note published by Goldman Sachs yesterday. "While there’s been persistent geopolitical turmoil, with wars in Ukraine and the

Tech Volatility Presents Buying Opportunity for Long-Term AI Investors, Says UBS

The technology sector, particularly AI-related stocks, experienced a volatile start to the week, with the Nasdaq Composite falling on Monday before rebounding 1.5% on Tuesday. This volatility, attributed to potential shifts in Federal Reserve policy and geopolitical tensions, presents a buying opportunity for long-term investors, according to a note

Goldman Sachs: US Recession Fears Recede as Job Market Shines

The US economy is showing remarkable resilience, leading Goldman Sachs to significantly downgrade its recession probability forecast. Citing a robust job market and strong economic activity, the investment bank now predicts only a 15% chance of a recession in the next 12 months, down from its previous estimate of 20%

Financial Sector Braces for Mixed Q3 Earnings as Banks Face Continued Pressure

The financial sector is gearing up for a crucial earnings season, with nearly half of the S&P 500 financial companies set to report third-quarter results in the coming weeks. The spotlight will be on major players like Bank of America, Citigroup, and JPMorgan Chase. The sector is predicted