, /PRNewswire/ — The European Central Bank released on 29thSeptember 2022, their latest progress report on the investigation phase of their digital euro project and elaborates on foundational design features approved by the Governing Council. The report highlights key operational transfer mechanism requirements for the digital euro including: Online validation by third-partiesOffline functionality (where payee… Continue reading Fluency’s CBDC technology meets all key ECB foundation design aspects for a digital euro
US stocks fall on inflation data to cap steep losses for September and the 3rd quarter
Jason Ma Spencer Platt/Getty US stocks fell Friday, closing out steep losses for the week, month, and third quarter. The Fed’s preferred inflation gauge increased 4.9% in August from a year ago, up from 4.7% in July. For the third quarter, the S&P 500 gave up 6%, while the Nasdaq lost nearly 5%, and the… Continue reading US stocks fall on inflation data to cap steep losses for September and the 3rd quarter
The EU will try a ‘price corridor’ to rein in surging energy costs after talks to cap gas prices ended without an agreement
The EU will try to implement a “price corridor” as talks of a price cap on natural gas ended without an agreement. Just 15 of 27 nations approved the price cap, but the bloc needs unanimous approval to pass the measure. Opponents say that the price cap could prevent some nations from getting any gas… Continue reading The EU will try a ‘price corridor’ to rein in surging energy costs after talks to cap gas prices ended without an agreement
A $46 trillion wipeout in stocks and bonds won’t stop until central banks around the world launch a coordinated pivot, Bank of America says
A $46 trillion wipe out in stocks and bonds over the past year has led to forced liquidations on Wall Street, according to Bank of America.The bank doesn’t expect the bleeding to stop until the Fed launches a coordinated dovish pivot with other central banks. “Markets stop panicking when central banks start panicking but BoJ/BoE panics… Continue reading A $46 trillion wipeout in stocks and bonds won’t stop until central banks around the world launch a coordinated pivot, Bank of America says
Investors hoping for a pivot should be careful what they wish for as a rate cut at this point will be in response to an economic accident, Mohamed El-Erian warns
Investors who are hoping for a policy pivot should be careful what they wish for, Mohamed El-Erian warned. The top economist told Bloomberg TV that a rate cut at this point would be a response to a major shock. “And the journey to an economic accident and financial accident is a very painful journey.” Loading… Continue reading Investors hoping for a pivot should be careful what they wish for as a rate cut at this point will be in response to an economic accident, Mohamed El-Erian warns
Noah Solomon: Six self-defeating behaviours that get investors suboptimal results
Investors have seen the enemy and it is ourselves The insidious influence of emotions and cognitive bias on investment performance is not limited to individual investors. Photo by Andrew Kelly/Reuters Behavioural finance is the study of the influence that psychology has on investors. Its central theme is that investors are influenced by cognitive biases and… Continue reading Noah Solomon: Six self-defeating behaviours that get investors suboptimal results
Brace yourself, Europe’s open was brutal as new stock selloff takes hold today
Reprieve short-lived as stocks tumble on fresh worries of economic downturn Author of the article: Reuters Noel Randewich and Ankika Biswas S&P 500 futures pointed to Wall Street falling more than 1.2 per cent later today with more Fed policymakers due to speak. Photo by REUTERS/Andrew Kelly/File Photo Wall Street ended sharply lower on Thursday… Continue reading Brace yourself, Europe’s open was brutal as new stock selloff takes hold today
Stock Market Today: Downgraded Apple Drags on Stocks
Yesterday’s market rise proved just a blip as stocks on Thursday returned to the script for most of September by finishing solidly in negative territory. The decline came as yields on government bonds resumed their climb. After the 10-year Treasury yield notched its biggest one-day decline since 2009 yesterday, it rose 6.2 basis points today… Continue reading Stock Market Today: Downgraded Apple Drags on Stocks
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