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Trump’s election tweets to spark rates volatility, JPMorgan says
Named after Trump’s inscrutable “covfefe” tweet from May 2017, the index attempts to gauge the impact of Trump’s tweeting on the U.S. Treasury market through interest rate derivatives known as swaptions.
JP Morgan says usual hedges aren’t working as they once did
Easy-money policies may actually be keeping investors in cash and away from oth...
Central banks doing a lot, we need more fiscal policies: Jamie Dimon, JPMorgan Chase
"You and I can criticise all these policies, but they mo...
Wall Street prepares systems for election night trading surge
With a tight race and President Donald Trump already questioning any outcome that doesn’t have him defeating rival Joe Biden, trading volumes are likely to spike to as much as eight times their normal levels on Nov. 3, according to technology-consulting firm ITRS Group Ltd.
Short sellers are rushing back into stocks as volatility returns
Bearish wagers climbed to about 7% of total stocks available for lending this month, up from 2020’s low of a little above 6% reached in August, data compiled by JPMorgan Chase & Co. show.
Putting economy over health? WFH is ending, but the onus is on employers as the pandemic is here to stay
People will find it morally reprehensible to ask employees to return to work.
Wall Street ends lower on lockdown fears, likely delay of stimulus
The Dow shed as much as 900 points and the CBOE Market Volatility index, Wall Street's fear gauge, shot up to its highest level in nearly two weeks. The S&P 500 ended down less than 9% from its record high on Sept. 2 after paring losses that had pushed the benchmark almost into corrective territory.
Asian stocks fall on concerns about fresh lockdowns, banking sector
Emerging market stocks lost 1.64%. MSCI's broadest index of Asia-Pacific shares outside Japan closed 1.26% lower. In Asia, Australia's S&P/ASX 200 declined 0.5% while South Korea's Kospi fell 0.9%. Japan is closed for a public holiday. Hong Kong's Hang Seng index futures were down 0.36%.
Bull run over? Analysts fear a long-dreaded correction in stock markets
“It is possible that we may see more correction in the market. Scotland and the UK have said they are contemplating a lockdown. Fears that more economies may close down are creating more nervousness in the market,” said Abhimanyu Sofat, head of research at IIFL Securities.
Banks suspected illegal activity, but processed big transactions anyway
Banks are required to file the reports with the U.S. Treasury Department’s Financial Crimes Enforcement Network, or FinCEN, about transactions that they believe could be part of a money laundering scheme, fraud or other illegal activity.
S&P 500 ends higher on growing hopes Fed will stay accommodative
The Dow Jones Industrial Average rose 2.27 points, or 0.01%, to 27,995.6, the S&P 500 gained 17.66 points, or 0.52%, to 3,401.2 and the Nasdaq Composite added 133.67 points, or 1.21%, to 11,190.32.
NSE-BSE bulk deals: Deutsche Boerse cuts stake in BSE
Deutsche Boerse, which held a 4.4 per cent stake in BSE, sold 12,00,000 shares in the company to Acacia Banyan Partners .
Increase in marketing margins to boost OMCs' EBIDTA
“The elevated marketing margins on auto fuels will allow these companies to adequately offset underlying weakness in the earnings trajectory from lower refining margins and the lower-than-normal petroleum demand environment amid lockdowns,” said Tarun Lakhotia, analyst, Kotak Securities.
US stocks end lower as tech swoon persists, Tesla in historic drop
Technology once again dragged indexes lower with a drop of 4.59%, the third straight decline and worst three-day performance for the sector since mid-March. Even with the recent drop, the sector remains the best performer on the year.
JPMorgan Chase appoints three new MDs
The bank implemented those promotions effective from July 1.