Bloomberg Markets
Marie-Anne Allier, Fixed Income Fund Manager at Carmignac Gestion, discussed the current challenges facing bond markets amid rising energy prices and geopolitical tensions involving Iran. She noted that much of the negative impact from higher oil, gas, and energy prices is already priced into the market, with expectations of fewer interest rate cuts and potential hikes in the US and Europe. However, Allier highlighted a looming risk that is not yet fully reflected in bond prices: food inflation.
Yahoo Finance
Bloomberg Markets
Yoni Assia, co-founder and CEO of eToro, said that his company bought brokerage TradeZero to expand their presence in the United States and not have to build it from the ground up. Assia said that he sees a 'huge untapped market' in the United States for eToro products that have found success in Europe. (Source: Bloomberg)
Bloomberg Markets
Laureline Renauc-Chatelain, fixed income strategy lead at Pictet Wealth Management, discussed the likelihood of a Federal Reserve rate hike in September. She noted that the recent payroll data was somewhat surprising but indicated a stable labor market that is not adding inflationary pressure. Despite noisy and downwardly revised employment figures, the key focus remains on upcoming Consumer Price Index (CPI) prints, which will heavily influence the Fed's decision. (Source: Bloomberg)
Yahoo Finance
Yahoo Finance
Bloomberg Markets
Ontario Municipal Employees Retirement System returned 4.8% in the first half of the year, gaining C$6.9 billion ($5 billion) from a strong US dollar and rising stock market.