Euro Surges to One-Year High as Traders Eye Interest-Rate Path

Aug 21, 2024 | Markets

Momentum reinforced by view Fed will cut rates faster than ECB Pound also touched highest level in a year as dollar is weaker The euro rose to the highest level in one year against the dollar as currency traders bet US central bankers will reinforce the case for lower...

Opaque Australian Private Markets Pose Outsized Risk, ASIC Says

Aug 21, 2024 | Markets, Private Markets

ASIC says more investors becoming exposed to private markets Australia regulator outlines strategic priorities in report Private markets in Australia are hiding potentially large risks to a growing number of investors amid their rapid expansion, making them a key...

Asset Managers Must Invest in Private Markets Now, Bain Says

Aug 21, 2024 | Markets, Private Markets, Recommended

Private-market assets under management to reach $65 trillion Bain calls it ‘the biggest opportunity in financial services’ A wide variety of asset managers need to look at investing in private markets if they want to avoid wipe-out, while revamping their entire...

Big E-Commerce Squeezing Mom-and-Pop Stores, India Minister Says

Aug 21, 2024 | Markets

India’s trade minister Piyush Goyal on Wednesday said the growth of big e-commerce companies such as Amazon.com Inc. risks putting about 100 million small mom-and-pop stores in the country out of business. “I don’t see it as a matter of pride that half our market...

Traders Look to US Jobs Data to Support the Rally in Treasuries

Aug 21, 2024 | Markets

BLS issues preliminary benchmark employment revision Wednesday Treasuries are up, dollar is down this month on rate-cut bets Investors who’ve positioned for more gains in US Treasuries will look to revised data on the US labor market for signs the Federal Reserve...