Author: Will Smith

Higher inflation forecasts and higher bond yields increased the dollar’s attractiveness against its peers on Monday, with the New Zealand dollar breaking the trend thanks to excellent statistics. On Monday, US Treasury yields firmed, continuing a recent trend that saw five-year bond yields rise to their highest levels since February 2020 as investors increased their…

Property stocks in China slumped today as Beijing pressed ahead with plans for a property tax and new evidence of real estate market weakness emerged. However, the central bank’s efforts to assuage worries over China Evergrande Group’s (3333.HK) debt troubles, as well as Chinese developer Kaisa Group’s (1638.HK) coupon payment for a dollar bond, helping to…

Goldman Sachs Group Inc (GS.N) outshone the superlatives on Friday, reporting third-quarter revenues and profits that exceeded expectations across the board. Goldman Sachs Group Inc. reported a surprising increase in trading revenue, capping off a strong quarter for Wall Street’s major banks. The bank earned $5.28 billion, rising from $3.23 billion one year ago, capping…

Key point: Treasury bond yields straightens; dollar rise stops  Fed speakers, U.S. bank results, and PPI data to be released  China manufacturing sector inflation reaches new highs  Oil and gas prices are rising once more The stock markets around the world are rising. World markets remained focused on increasing inflation as tech stocks revived global…

JP Morgan Chase announced third-quarter results on Wednesday exceeded forecasts thanks to a $1.5 billion boost from lower-than-expected loan losses. Advisory fees for mergers and acquisitions nearly tripled during the time, helping to boost quarterly net revenue to $11.7 billion. JP Morgan Chase surpassed analyst estimates for the third quarter on Wednesday, due to strong…