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...Balls said his preferred places to have exposure to bonds more sensitive to changes in interest rates were in the UK, Australia, New Zealand and Canada....
...The CBO forecast benchmark 10-year rates peaking at 4.6 per cent next year....
...This was driven by a surge in prescriptions of Sandoz’s Hyrimoz, CVS’s preferred biosimilar, which was given to more than 10,000 patients in the week ending April 12, pushing biosimilars’ share of new Humira...
...Also due next week is personal consumption expenditures data, the Fed’s preferred measure of price rises....
...The flash composite purchasing managers’ index for the eurozone, tracked by policymakers as an early gauge of economic fortunes, rose to an 11-month high of 51.4 in April, up from 50.3 a month earlier....
...$10.5tn money manager paid $563,513 to “upgrade the home security systems” at Fink’s residences during 2023, on top of $216,837 of protection by bodyguards, according to BlackRock’s disclosure of executive...
...The world’s largest money manager reported a 36 per cent year-on-year jump in net income to $1.57bn in its fiscal first quarter, on an 11 per increase in revenue to $4.7bn....
...It targets spending 4 to 6 per cent of its endowment each year on operating expenses. When the endowment underperforms that, its balance falls....
...In November, the Nomura chief said he would target another $100mn in cost cuts in the wholesale banking division as he tries to attain a target of 8 to 10 per cent return on equity for the bank....
...Paul Kearney, managing director, Asset Risk Consultants, says: “Our data shows that, between 2009-10, the number of private wealth portfolios in riskier assets shrank and moved to lower risk strategies.”...
...A version of this article was first published by Nikkei Asia on April 2 2024. ©2024 Nikkei Inc. All rights reserved....
...However, the moves have been greater in the US, where the benchmark Treasury yield has risen by 0.5 percentage points to 4.4 per cent....
...Many banks, she reckons “are unable to uniquely identify and systematically aggregate or measure their combined credit and counterparty risk exposures to the private equity sector”....
...Scott Chipolina Will progress on the Fed’s preferred measure of inflation stall?...
...Over 10 years it has delivered a total return of 46.5 per cent compared with its peer group average of 32.5 per cent, according to Citywire....
...“We saw, coming into the new year, that investors were more comfortable taking on interest rate risk and some credit risk,” Rosenbluth said of the US market....
...Eurozone inflation had been “decreasing faster than expected” to 2.8 per cent in January, down from a record 10.6 per cent in 2022, the ECB said....
...It also paid $4.9bn this month for Alpine Immune Sciences, which is developing a treatment for an autoimmune kidney disease....
...Pictet preferred “direct exposure to commodities [over miners] as the first movers”, Ramjee said....
...Inflation at 3 per cent will reduce the buying power of £100,000 to £74,000 over 10 years, according to the inflation calculator at Wesleyan....
...He says the litigation is, on a risk scale of 1-10, an eight, whereas other tech litigation in recent decades was a two or three....
...Help is welcome, writes columnist Emma Jacobs, but it must avoid the risk of “meno-washing”....
...Any sharp risk to China (be it political or economic) is thus bad for Apple. 10. The AI bubble....
...During that time, investors poured $4.44tn into ETFs and took $950.8bn from their mutual fund counterparts....
...Now that Americans have amassed $10.6tn in defined contribution plans, asset managers and plan sponsors are trying to hang on to those assets for as long as possible by offering the income products inside...
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