IBAFIN

Federal Reserve Governor Michelle Cook found herself at the center of a social media storm after refusing to step down from her position following a tweet by Federal Housing Finance Agency (FHFA) Director Mark Calabria. The controversy began when Calabria questioned Cook’s qualifications for her role, leading to a heated exchange between the two officials.…

European equities have witnessed a sell-off today, with the Euro Stoxx 50 down 40 basis points. Within themes, Cyclicals are outperforming Defensives by around 50 basis points, and Momentum is up 50 basis points on the back of increased defense spending, with the UBS European Defence spend basket [UBXESPND] gaining 2.8%. However, there are several…

Ahead promises to be eventful for financial markets, with a slew of key economic releases slated to hit the wires. Investors will eye Initial Jobless Claims, which are expected to show a slight increase from the previous week’s 219,000. This data point is important as it can provide insight into the health of the labor…

Today, several central banks will be hosting speakers to discuss various economic topics. Here is a list of the scheduled speakers and their respective times: * Federal Reserve Bank of San Francisco President Mary Daly will speak at 12:30pm BST. * Banxico (Bank of Mexico) minutes will be released at 4pm BST. * Swiss National…

Regional stock markets in the Asia-Pacific (APAC) region traded mixed on Thursday, with a mildly positive bias, despite a lacklustre lead from Wall Street. The FOMC Minutes from the July meeting revealed that a majority of participants believed the upside risk to inflation was greater than the labour market, although this was conducted prior to…

In a surprising turn of events, foreign investors recorded the highest net purchases of US equities in a single quarter, according to JPMorgan Chase’s latest report. The data suggests that foreign investors are increasingly optimistic about the US economy and its corporate sector, with China being the largest buyer. This influx of capital is expected…

The latest snapshot analysis from various sources suggests that there may be significant downward revisions to the September jobs report, with estimates ranging from 500K to over 1 million. This marks the second year in a row that such revisions are expected. As we await the full report tomorrow, it’s important to consider the implications…

As the week begins, Asia-Pacific stocks are attempting to shake off the lackluster lead from Wall Street, where sentiment was dampened amid continued tech weakness and hawkish-leaning FOMC Minutes. Despite this, some regional indices are managing to post gains, with Australia’s ASX 200 (+0.5%) and South Korea’s KOSPI (+0.7%) leading the way. However, Japan’s Nikkei…