Hints and tips:
Oil prices recover as tech stocks lead US equities markets sharply lower and Treasury yields climb
Differing paths of equities and fixed income mark return to longer-term norm
...Spain attracted the largest ever order book for a sovereign bond on Wednesday, capping a series of blockbuster eurozone debt sales at the start of 2024....
Major banks’ forecasts for next year already hit, as market moves after Fed’s dovish comments take analysts by surprise
ECB’s Lagarde says eurozone borrowing costs likely to fall in summer, later than markets expected
...defending levels beyond 4.00 per US dollar and the disclosure of central bank FX [currency] intervention firepower managed to suppress speculative short shekel flows,” said Luis Costa, head of emerging market sovereign...
...Additional reporting by Stephanie Stacey in London...
...Stacey Parsons, head of fixed income at Winterflood, said gilts now offer “significant opportunities” for investor portfolios, and that the brokerage had seen a “trending move” away from trading in fixed...
...Israeli shekel is the world’s top performing currency this month, driven by billions of dollars of purchases by the central bank since the outbreak of the war with Hamas, write Mary McDougall and Stephanie Stacey...
...“First, these proxy officials will arrange sham referenda on joining Russia, then Russia will use those sham referendums as a basis to try to claim annexation of sovereign Ukrainian territory.”...
...“First, these proxy officials will arrange sham referenda on joining Russia, then Russia will use those sham referenda as a basis to try to claim annexation of sovereign Ukrainian territory.”...
...The benchmark index of dollar-denominated emerging market sovereign bonds, the JPMorgan EMBI Global Diversified, has delivered total returns of minus 18.6 per cent in 2022. 10 unmissable stories this week...
...Meanwhile, a bipartisan band of lawmakers is united in expanding the new frontier, the FT’s Kiran Stacey reports....
...They would tell the story of what Pfizer has managed to extract out of sovereign countries around the world.”...
...Regulation of the digital arena is a matter for the sovereign people, governments and the judiciary.”...
...The FT’s Kiran Stacey looks at who will be given access to the vaccine and when. (FT)...
...The European Commission will stand together with France and all other member states who wish to have the sovereign right to impose digital taxation on companies in a fair way.”...
...Reserve compromise I think that there’s already some discussion about whether it might make sense to build the kind of digital payment system that we’re talking about, based on individual sovereign currencies...
...The law firm Baker Botts hired Nigel Stacey as a partner in its corporate department. He joins the London office from Gibson Dunn....
...“The Libra Association, which will manage the reserve, has no intention of competing with any sovereign currencies or entering the monetary policy arena....
...“It will work with the Federal Reserve and other central banks to make sure Libra does not compete with sovereign currencies or interfere with monetary policy.”...
...He said: “France is sovereign, and France decides its own tax rules. And this will continue to be the case.”...
...Additional reporting by Nic Fildes in London and Kiran Stacey in Washington...
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