BlackRock warns that investors are making a mistake by betting on the Fed to cut rates
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, March 27, 2023. Brendan McDermid | Reuters Investors are too confident the Federal Reserve will cut interest rates this year and could pay the price later, according to asset management giant BlackRock and others on Wall Street. Market pricing […]
EU agrees trade defence tool against China
The EU has agreed a new trade defence tool allowing it to retaliate against countries using punitive measures such as China’s block on Lithuanian imports over the Baltic state’s relationship with Taiwan. The anti-coercion instrument is the latest in a series of recent unilateral measures Brussels has adopted after declaring China a “systemic rival” in […]
Market Talk – March 27, 2023
ASIA: Local governments in China are facing a debt crisis, with direct debt exceeding 120% of revenue, which is more than what Beijing has unofficially said is an acceptable debt level. The country’s explicit local government debt nearly doubled over five years to the equivalent of $5.14 trillion last year, and there are rapidly […]
