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☆ Caitlin Clark completed her expensive Prada outfit with more than $10,000 worth of sparkling diamonds
▼ + stars: | 2024-04-17 | by ( Amanda Krause | ) www.businessinsider.com time to read: +1 min

Caitlin Clark attended the 2024 WNBA Draft on Monday and was picked by the Indiana Fever. On the red carpet, she wore a $17,000 Prada outfit and more than $10,000 worth of John Hardy jewels. She wore diamond earrings and three bracelets made from silver and gold. AdvertisementThe 2024 WNBA Draft wasn't just about basketball for superstar Caitlin Clark. The event was also her first foray into the world of fashion, with the 22-year-old athlete sporting a $17,000 Prada outfit and an array of diamond jewelry worth $10,485 on the red carpet.

Persons: Caitlin Clark, John Hardy, — Organizations: Indiana, Service

☆ President RFK Jr. and an AI deepfake security crisis headline Saxo Bank's 8 outrageous predictions for 2024
▼ + stars: | 2023-12-05 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Denmark's Saxo Bank published its annual list of outrageous predictions Tuesday. They flagged risks including an AI deepfake security crisis and Robert F. Kennedy Jr. winning the US presidential election. Headlining the bank's predictions this year are Robert F. Kennedy Jr. winning the 2024 presidential election and the rise of generative AI sparking a national security crisis in the US. Meanwhile, Saxo sees a high-profile government official getting tricked by AI deepfake technology, triggering a national security crisis. "Outrageous predictions are a deliberate effort to push the boundaries of market participants' imaginations and prepare them for any eventuality," Saxo added.

Persons: Robert F, Kennedy Jr, —, Saxo, –, Joe Biden, Donald Trump, John Hardy, Hardy, Peter Garnry Organizations: Denmark's Saxo Bank, Service, RFK, Big Tech, New York Times, EU Locations: Wall, Silicon, FiveThirtyEight

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. The U.S. central bank on Wednesday kept its key lending rate steady, as expected, but indicated another hike is possible as it and other central banks tighten policy to tame inflation. Major equity indices in Europe and on Wall Street fell more than 1% on concerns higher rates will curb growth. /FRXMirroring a rise in Treasury yields, Germany's 10-year government bond yield touched a fresh six-month high of 2.73% and Britain's 10-year gilt yield rose to 4.29% after falling on Wednesday to its lowest since July. Gold extended its decline for a third straight day as the dollar and Treasury yields rallied on the Fed's warning of a possible additional rate hike.

Persons: Brendan McDermid, there's, Michael Arone, Jack Ablin, it's, John Hardy, Hardy, Brent, Xie Yu, Marguerita Choy, Tomasz Janowski, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Swiss, Bank of England, Swiss National Bank, Fed, State Street Global Advisors, Reuters, Treasury, Cresset Capital Management, Saxo Bank, Dow Jones, Nasdaq, Sterling, Reuters Graphics, U.S, West Texas Intermediate, Thomson Locations: New York City, U.S, Norway, Sweden, Europe, Boston, Pebble Beach , Florida, Hong Kong

☆ Dollar reigns as Europe's central banks spring some surprises
▼ + stars: | 2023-09-21 | by ( Marc Jones | ) www.reuters.com time to read: +5 min

"It punctures the balloon on terminal rates and also creates more second guessing on the quality of the (economic) landings". With a crucial Bank of Japan meeting still to come this week, Japan's 10-year government bond yield rose to its highest in a decade. Ben Luk, senior multi-asset strategist at State Street Global Markets said the overall tone of the Fed's meeting on Wednesday, while not overly hawkish, included two surprises. The median forecast for the federal funds rate is 5.1% by year-end, up from 4.6% estimated in June. Additional reporting by Xie Yu in Hong Kong Editing by Shri Navaratnam and Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

Persons: BoE, Bond, John Hardy, Hardy, Goldman Sachs, Tom Hopkins, Ben Luk, Wall, Brent, clawing, Gold, Xie Yu, Shri Navaratnam, Tomasz Janowski Organizations: Sterling, Swiss, U.S . Federal Reserve, Dealers, Swiss National Bank, Bank of England, Saxo Bank, BRI Wealth Management, Treasury, Reuters Graphics, Apple, Nvidia, Japan's Nikkei, of Japan, State Street Global Markets, Thomson Locations: Europe, Britain, Sweden, Norway, Turkey, U.S, Asia, Pacific, Japan, Saudi Arabia, Russia, Hong Kong

☆ The Fed's newfound focus on data is bad news for the sliding dollar
▼ + stars: | 2023-07-29 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Its losing streak could carry on with the Fed taking a "data-dependent approach" to interest rates. Chair Jerome Powell said the central bank would start taking a "data-dependent approach" to rate hikes, with inflation cooling rapidly and the jobs market holding firm. When interest rates stop rising, the dollar becomes less attractive to foreign investors seeking higher yields, meaning the currency is likely to weaken against its rivals. The key number for currency traders to watch going forward will now be the monthly inflationary print, analysts said. If that cooling carries on, the dollar will likely keep sliding – but any flare-up could encourage the Fed to bring in further rate hikes, which could offer some support to the currency.

Persons: that's, Jerome Powell, John Hardy Organizations: Fed, Service, greenback, Federal Locations: Wall, Silicon

BENGALURU, July 6 (Reuters) - The U.S. dollar will hold its ground against most major currencies for the rest of the year despite expectations of narrowing interest rate differentials as the U.S. economy stays resilient, according to FX strategists polled by Reuters. "The tightness of the U.S. labour market may help the economy and the dollar in the very short term," said Kit Juckes, chief FX strategist at Societe Generale. "Even if we see (interest) rate convergence, it seems unlikely a new major euro uptrend will start without stronger growth." Indeed, a majority of common contributors showed the dollar view against most major currencies for the coming six months has been either upgraded or kept unchanged from a month ago. "The dollar is getting a tailwind from the Fed ... the current strength is on a repricing of the Fed (rate) higher," said John Hardy, head of FX strategy at Saxo Bank.

Persons: Jerome Powell, Kit Juckes, Jonas Goltermann, Sterling, John Hardy, Indradip Ghosh, Shaloo Srivastava, Sarupya Ganguly, Anitta Sunil, Veronica Khongwir, Hari Kishan, Ross Finley, Matthew Lewis Organizations: U.S, Reuters, Federal Reserve, European Central Bank and Bank of England, Societe Generale, Futures Trading Commission, Capital Economics, Saxo Bank, Thomson Locations: BENGALURU, U.S, Europe, Asia, Britain, Bengaluru

☆ European Central Bank more hawkish than expected, strategist says
▼ + stars: | 2023-06-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEuropean Central Bank more hawkish than expected, strategist saysJohn Hardy, head of FX strategy at Saxo Bank, weighs in on the European Central Bank's latest interest rate decision and assesses what it could mean for global currency markets, saying better economic outcomes are needed across Europe for the euro to turn higher.

Persons: John Hardy Organizations: Central Bank, Saxo Bank, Central Locations: Europe

To be sure, the April inflation data hit the UK debt market like a thunderbolt. While the headline consumer price inflation rate dropped to 8.7% from 10.1% in March, as energy prices ebbed, that was still far higher than forecast and core inflation rates hit their highest in 31 years at just under 7%. And a chief concern for many households is ongoing annual food price inflation still near 20%. Sterling and real yield spreadsNew UK gilt shock? Using 5-year real yields from the index-linked bond market, that premium jumped almost 40bp this week to its highest since last October.

Summary Dollar index on course for fifth weekly lossesEuro touches two-month highLONDON/SINGAPORE, April 13 (Reuters) - The dollar fell to a two-month low on Thursday after data showed U.S. inflation slowed sharply in March, bolstering hopes that the Federal Reserve's rate-hiking campaign is either already finished or will be by May. The dollar dropped after the data was released and weakened further on Thursday, helping the euro rise 0.27% to a two-month high of $1.102. The dollar index , which measures the greenback against six major peer, was last down 0.2% at 101.28, its lowest since the start of February. John Hardy, head of FX strategy at Saxo Bank, said the inflation data "left the market with not much to go on". He said he expects the dollar to grind lower from here as inflation cools and the economy slows.

The dollar index , which measures the currency against a basket of peers, was flat at 104.64, but was still set for a February gain of 2.6%, its first monthly increase since September. The next move in the dollar is really a function of how the February data starts to play out in March," Atrill said. U.S. Treasury yields have also moved higher with the inflation sensitive two-year yield back at three-and- a-half-month highs. [US/}The dollar on Tuesday gained particularly against the Japanese yen , climbing 0.44% to 136.84, its highest in over two months. ,Elsewhere, sterling built on its gains from the previous session against the dollar, rising 0.2% to $1.2082.

☆ Putin took cancer drugs that warped his decision-making on Ukraine, Danish intel says, reviving disputed theories about his health
▼ + stars: | 2022-12-30 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +4 min

A Danish intelligence official said Putin was taking thyroid-cancer drugs in February 2022. He told Danish media the drugs can cause "delusions of grandeur" and may have warped his thinking. The claim was reported by the Danish newspaper Berlingske based on an interview with the head of the Russia analysis team for its national defense intelligence agency, Forsvarets Efterretningstjeneste (FE). He told the newspaper that Putin was taking hormones to treat thyroid cancer in February 2022, and that it likely affected his mental capacity. The Danish official also spoke to Berlingske in guarded language, asserting that reports of Putin having had thyroid cancer were "definitely a good bet."

☆ Sterling supported by expectations Rishi Sunak will become prime minister
▼ + stars: | 2022-10-24 | by ( Alun John | ) www.reuters.com time to read: +2 min

LONDON Oct 24 (Reuters) - Sterling strengthened on Monday finding short term relief from the likelihood that former finance minister Rishi Sunak would become Britain's next prime minister after Boris Johnson quit the race. It rose as far as $1.1402 in Asian trading before paring gains to hold just inside positive territory at $1.1323. Former prime minister Boris Johnson had raced home from a holiday to see if he could enter the ballot. The so-called 'mini budget' also ultimately led to the removal of Truss as Prime Minister. Register now for FREE unlimited access to Reuters.com RegisterReporting by Alun John; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ Sterling slides after BOE jumps into gilt market, dollar marches on
▼ + stars: | 2022-09-28 | by ( Alun John | ) www.reuters.com time to read: +3 min

Pound and U.S. dollar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration/File PhotoLONDON, Sept 28 (Reuters) - Sterling tumbled again on Wednesday after the Bank of England (BOE) said it would step in to prop up the gilt market, the latest sign of nerves in financial markets which helped nudge the dollar to its latest two-decade peak. The BOE said it would buy as many long-dated government bonds as needed between now and Oct. 14 to stabilise financial markets, and added that it would postpone next week's start of its gilt sale programme. "As the rest of the world is in tightening mode, this should be sterling negative. Long-dated British government prices soared after the announcement and the yield on the 30-year gilt slid around 30 basis points.

☆ Bank of England faces pivotal policy decision with pound at multi-decade lows
▼ + stars: | 2022-09-21 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

Bank of England Governor Andrew Bailey has reiterated his commitment to reining in inflation, but the Bank faces a difficult balancing act as growth slows and the labor market tightens. On Tuesday, Sweden's Riksbank hiked interest rates by 100 basis points, warning that inflation was "undermining households' purchasing power." The U.S. Federal Reserve is expected on Wednesday to lift its benchmark borrowing rate by 75 basis points, the third consecutive hike of that magnitude. Meanwhile the European Central Bank earlier this month announced a 75 basis point increase to its benchmark deposit rate. It would really be quite a tone deaf performance from the Bank of England if they don't go for 75 basis points at this week's meeting."

☆ No end to U.S. dollar incline until Fed rates peak, FX strategist says
▼ + stars: | 2022-09-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNo end to U.S. dollar incline until Fed rates peak, FX strategist saysJohn Hardy, head of FX strategy at Saxo Bank, discusses the series of upcoming monetary policy decisions from central banks and the implications for currency markets.

☆ Primul medicament împotriva Alzheimer, autorizat în SUA în ultimii 20 de ani
▼ + stars: | 2021-06-08 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +3 min

Un nou medicament împotriva bolii Alzheimer a fost aprobat de autoritățile de reglementare din Statele Unite, fiind primul tratament autorizat în ultimele două decenii, informează BBC, citat de libertatea.ro. Noul medicament se numește aducanumab și este produs de compania Biogen. Ulterior, producătorul american Biogen a analizat mai multe date și a concluzionat că medicamentul a funcționat, atâta timp cât a fost administrat în doze mai mari. Aldo Ceresa, în vârstă de 68 de ani, originar din Glasgow, a participat la studiul pentru noul medicament şi a luat aducanumab timp de doi ani înainte ca procesul să fie oprit. Medicamentul ar putea fi folosit la pacienţii aflaţi în stadiu incipient cu vârste cuprinse între 60 şi 70 de ani.

Persons: Alzheimer, Ulterior, Biogen, Profesorul Bart, Strooper, John Hardy, Robert Howard, Aldo Ceresa Organizations: BBC, Biogen, University College London, UCL Locations: Statele Unite, SUA, amiloidul, Britanie, Glasgow

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