Foreign investors search for licences and profit as China NPLs rise
China has opened the door wider to foreign funds keen to invest in its fast-growing market for distressed bank debt, allowing them to apply for licences for the first time to operate as provincial-level asset management companies (AMCs). The trigger...
Private equity can be the big winner in the Covid-19 bear market
Investors may already be eagerly hunting bargains amid the carnage in the coronavirus bear market One large and powerful group of investors, with plenty of money to put to work, should be quite relaxed at the precipitous falls stock markets...
EUR/USD Trades Near 1.2125
On Wednesday, the EUR/USD currency pair raised to the 1.2125 level. It is likely that the exchange rate could gain support from the 55-hour SMA and the weekly R2 in the 1.2070 area and trade upwards in the short term....
GBP/USD Remains Below 1.3440
Yesterday, the GBP/USD exchange rate reversed north from the psychological level at 1.3300. It is likely that some upside potential could prevail in the market due to the support area formed by the 55-, 100– and 200-hour SMAs, as well...
Oil Awaits OPEC+ Decision, Gold Little Changed
Oil dips as OPEC+ dithers Crude prices are slightly softer as the latest OPEC+ saga unfolds, with many expecting them to deliver a delay to its output hike. Complicating negotiations is the recent rise of US production. OPEC+ does not...
Gold Settles Above 1818 Technical Level
The precious metal is extending its bullish momentum. Price action is trading above the key resistance level of 1818.80. As long as gold prices remain firmly above this level, we could expect further gains. This could extend the correction further. The next...
Yen Down on Surging US Yields, Europeans Stay Strong
Yen trades generally lower today as pressured by surging US treasury yields and mild risk-on sentiments. Dollar and commodity currencies are not too far behind. European majors continue to be strong as led by Euro and Swiss Franc. Sterling is...
‘We’re positive that it will be a good end to 2020,’ Ally Invest’s top investment strategist says
There may be more juice left in the fourth quarter. Ally Invest’s Lindsey Bell said she believes the backdrop supports December gains. “We’re positive that it will be a good end to 2020,” the firm’s chief investment strategist told CNBC’s...
Kaplan says he’s not in favor of Fed increasing bond purchases
Dallas Federal Reserve President Robert Kaplan said he wouldn’t be in favor of changing the central bank’s bond-purchasing program even though he sees some rocky times ahead for the U.S. economy. Speaking Wednesday to CNBC, Kaplan said financial conditions are...
Mortgage demand from homebuyers spikes 28%, and the average loan amount sets a record high
A house for sale in Sarasota, Florida Scott Mlyn | CNBC Thanksgiving week isn’t usually a popular time for homebuying, but most economic numbers this year are incomparable, especially in the pandemic-spiked housing market. Mortgage applications to purchase a home...
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