Global corporate bond market door slammed shut on Coronavirus fears and uncertainty. Source: Yahoo Finance (Bloomberg) — The global credit machine is grinding to a halt. The $2.6 trillion international bond market, where the world’s biggest companies raise money to fund everything from acquisitions to factory upgrades, came to a virtual standstill as the coronavirus…
The OECD warns of lower overall credit quality in the current stock of outstanding corporate bonds, with higher payback requirements, longer maturities and inferior covenant protection compared to other credit cycles. Source: Nasdaq PARIS, Feb 18 (Reuters) – The build-up of corporate bonds has hit unprecedented levels since the 2008 financial crisis and created a…
In the next decade, Fintechs anticipate AI will have expanded their workforce by 19%. Source: World Economic Forum Artificial intelligence (AI) is in the process of transforming a variety of models in the global financial services industry, a global survey jointly conducted by the Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge…
Economists and investment strategists are pretty much in line with respect to intensifying Coronavirus risks over the short term, with however less uniformity of view in terms of the medium term ramifications for the global economy. Source: Bloomberg via GARP (Bloomberg) — A raft of new coronavirus cases in numerous countries outside China over the…
Fed Chairperson Powell calls current policy stance “appropriate”, with the economy in a “good place. Source: Thomson Reuters WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell told Congress on Tuesday that the U.S. economy is in a good place, even as he cited the potential threat from the coronavirus in China and concerns about the…
London’s dominance as European financial center threatened by post-Brexit politics and political wrangling. Source: Bloomberg via GARP (Bloomberg) — Talks on the post-Brexit future of European capital markets have largely avoided the toxic haggling of the broader negotiations — until now. U.K. Chancellor of the Exchequer Sajid Javid and chief European Union negotiator Michel Barnier…
The good and the bad of Trump’s economy. Source: Thomson Reuters WASHINGTON (Reuters) – The United States is in its 11th year of a record-setting economic expansion, a fact that President Donald Trump highlighted in his State of the Union speech to Congress on Tuesday. With “The Great American Comeback” as its theme, Trump focused…
While using low-cost bond ETFs for the fixed-income portion of a portfolio seems like the right approach, some say active bond fund management may be a better fit. Source: MoneySense With seemingly perpetual low interest rates—and even the threat of negative interest rates, as seen in parts of Europe and elsewhere—does it make sense to…
What looks on the surface like a “bubble” in the so-called “Green” ESG trade may well become the new normal. Source: Bloomberg via GARP (Bloomberg) — The overall market may be held in sway by developments in the coronavirus outbreak, but demand has been buoyant for stocks based on environmental, social and governance factors. So…
The comprehensive and global study confirms that AI is affecting the financial system at an accelerating pace. Source: moderndiplomacy A new survey released by the World Economic Forum and the Cambridge Centre for Alternative Finance (CCAF) finds nearly two-thirds (64%) of financial services leaders expect to be mass adopters of AI in just two years…
LONDON, UNITED KINGDOM, ENGLAND, February 27, 2024 /EINPresswire.com/
