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Strategist on fair value for U.S. 10-year treasury yield
  + stars: | 2024-04-30 | 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 EmailStrategist on fair value for U.S. 10-year treasury yield given significant risk in budget deficitRon Temple of Lazard discusses his outlook for U.S Treasury yields and the structural challenges facing U.S. budget.
Persons: Ron Temple, Lazard Organizations: Treasury
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors shouldn't be expecting 'exuberant' growth this year, says Lazard's Ron TempleRon Temple, Lazard Financial Advisory and Asset Management chief market strategist, joins 'Squawk Box' to discuss the state of the economy, what to expect from February's CPI data, impact on the Fed's interest rate path, and more.
Persons: Ron Temple Ron Temple Organizations: Lazard Financial, Asset Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina faces serious structural issues, but its stocks offer some trading opportunities: Ron TempleRon Temple from Lazard explains why he sees China market as a trading opportunity rather than an investment opportunity.
Persons: Ron Temple Ron Temple, Lazard Organizations: China Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S.10-year treasury yield is trapped between 4% and 5% even with Fed rate cut: Ron TempleRon Temple from Lazard says the debt and deficit issue facing the U.S. government is becoming "insurmountable".
Persons: Ron Temple Ron Temple, Lazard
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMay is the most likely case for first Fed rate cut, says Lazard's Ron TempleRon Temple, Lazard chief market strategist, joins 'Money Movers' to discuss what to expect from the next Federal Reserve meeting, what the Fed's path looks like going forward, and more.
Persons: Ron Temple Ron Temple Organizations: Lazard, Reserve
A job seeker visits a Job News USA career fair in Louisville, Kentucky, on June 23, 2021. The department's Job Openings and Labor Turnover Survey showed employment listings nudged lower to 8.79 million, about in line with the Dow Jones estimate for 8.8 million and the lowest since March 2021. Openings fell by 62,000, though the rate of vacancies as a measure of employment was unchanged at 5.3%. The ratio of job openings to available workers fell to 1.4 to 1, still elevated but down sharply from the 2 to 1 level that had been prevalent in 2022. Job openings fell by 128,000 for transportation, warehousing and utilities and were off 97,000 in leisure and hospitality.
Persons: Dow Jones, Ron Temple Organizations: USA, Labor Department, Labor, Companies, Federal Reserve, Lazard, Dow Jones, CNBC PRO Locations: Louisville , Kentucky, Kentucky
Bets on oil prices moving up from here are at their highest level since Russia's 2022 invasion of Ukraine, CME options market volatility data shows. Average daily volumes in energy options of the CME exchange overall are the highest since an all-time record in 2018. "The aftermath of the attacks and rising Middle East tensions did not impact oil prices as many investors expected, including ourselves," Unigestion multi-asset portfolio manager Sandrine Perret said. Reuters Graphics3/ DEFENCE STOCKSA gauge of defence stocks compiled by index provider MarketVector (.MVDEF) is 8% higher in the four weeks since the conflict began. It's also near eight-year highs versus the euro and therefore another asset class attracting questions about how it would perform if Middle East tensions are resolved.
Persons: Abdel Hadi Ramahi, Israel, Sandrine Perret, Derek Sammann, Gold, Jeff, Mikhail Zverev, Ron Temple, It's, Francesca Fornasari, Fornasari, Elisa Belgacem, Brent, Naomi Rovnick, Marc Jones, Dhara Ranasinghe, David Evans Organizations: United Arab Emirates, REUTERS, U.S White, Aegon, Reuters, Global, Defence, Lazard Asset Management, Swiss, Insight Investment, Generali Investments, Thomson Locations: Dubai, United Arab, Hamas, Israel, Gaza, Ukraine, Jordan, Egypt, China, Taiwan, Europe
Shares, oil rise as sentiment towards China brightens
  + stars: | 2023-09-04 | by ( Amanda Cooper | ) www.reuters.com   time to read: +4 min
There was relief that embattled property developer Country Garden won approval from its creditors to extend payments for an onshore private bond. S&P 500 futures and Nasdaq futures rose between 0.2%-0.3%, while European stocks neared one-month highs. At least seven Fed officials are due to speak this week ahead of the next policy meeting on Sept. 19-20. In commodities, oil traded near seven-month highs on tightening supply as Saudi Arabia was widely expected to extend voluntary oil production cuts into October. Brent crude futures rose 0.2% to $88.75 a barrel, as did U.S. futures , reaching $85.73.
Persons: Ron Temple, I'm, Craig Erlam, we're, Christine Lagarde, Wayne Cole, Shri Navaratnam, Muralikumar Anantharaman, Simon Cameron, Moore, Sonia Cheema, Ed Osmond Organizations: Federal Reserve, Country Garden, Lazard, Investor, Holdings, Nasdaq, drugmaker Novo Nordisk, August's U.S, European Central Bank, Brent, Thomson Locations: United States, Beijing, China, Europe, U.S, Saudi Arabia, Sydney
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 1.1%, having climbed 2.3% last week, thanks in large part to a 1.3% rise in Chinese blue chips (.CSI300). S&P 500 futures and Nasdaq futures rose between 0.2%-0.3%, while European stocks neared one-month highs. At least seven Fed officials are due to speak this week ahead of the next policy meeting on Sept. 19-20. In commodities, gold benefited from the diminished risk of a U.S. rate rise to stand at $1,940 an ounce . Brent crude futures rose 0.2% to $88.75 a barrel, as did U.S. futures , reaching $85.73.
Persons: Ron Temple, Jim Reid, Christine Lagarde, Wayne Cole, Shri Navaratnam, Muralikumar Anantharaman, Simon Cameron, Moore, Sonia Cheema Organizations: Federal Reserve, Country Garden, Lazard, Holdings, Nasdaq, drugmaker Novo Nordisk, August's U.S, Deutsche Bank, European Central Bank, Brent, Thomson Locations: China, United States, Beijing, Asia, Pacific, Japan, drugmaker Novo, Canada, Australia, U.S, Saudi Arabia
The US even reminded everyone just how influential the buck is when it effectively froze Russia out of the global financial system with sanctions last year. Becoming the issuer of the global reserve currency is about trust. The US has controlled the global reserve currency for 102 years — giving it a special status in the world economy. Still, given that the country controlling the global reserve currency holds that status of an average of 94 years, history seems to indicate it's high time for a successor. Why shouldn't the financial world resemble something closer to the mosaic of cultures, politics, and nations that exists today?
Persons: Chenzi Xu, there's, Xu, , Ron Temple, Gregory Brew, Eurasia's Brew, dollarizing, Stephen Jen, Jen, we've, Stanford's Xu, Luiz Inácio Lula da Silva, Josh Lipsky, " Lipsky, It's, Alexander Wise, Jan Loeys, Loeys, dollarization, Wise, Lazard's Temple, isn't, Phil Rosen Organizations: Stanford, Federal, European Central Bank, People's Bank of China, Lazard, Publishing, Getty Images, International Monetary Fund, Bank of International Settlements, Eurasia Group, Sandman's, Eurizon, IMF, Atlantic Council, JPMorgan Locations: Russia, Israel, France, China, America, Saudi Arabia, Brazil, India, Pakistan, Bolivia, Iraq, South Africa, Beijing
US stocks rose on Friday, boosted by a streak of strong earnings reports. 79% of S&P 500 companies that reported earnings have beated estimates, according to FactSet. Investors digested fresh bank weakness amid reports that First Republic is headed for FDIC receivership. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. Meanwhile, the Employment Cost Index rose 1.2% over the past quarter, a sign that inflation's presence is still being felt in the economy.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed should hike interest rates by 50 basis points as the economy remains strong, strategist saysRon Temple, chief strategist for Lazard Asset Management, discusses the outlook for the Federal Reserve's monetary policy, especially regarding interest rates.
Traders on the floor of the NYSEStock futures slipped Tuesday evening as investors looked ahead to the Federal Reserve's Wednesday meeting. S&P 500 futures and Nasdaq Composite futures were down 0.20% and 0.37%, respectively. On Wednesday, the Federal Reserve will announce how much it is increasing interest rates in its latest effort to tame high inflation. "With a 25bps hike already discounted by markets, Powell's task is to unambiguously signal the Fed's commitment to tame inflation." The Federal Reserve will announce its decision Wednesday afternoon, followed by Chairman Jerome Powell's comments.
The bank should also post better-than-expected net interest margins and net interest income given the rise in short-term interest rates, he added. The bank's third-quarter profit and earnings topped expectations on better-than-expected fixed income trading and gains in interest income. Meanwhile, Chuck Liberman, chief investment officer at Advisors Capital Management, likes Wells Fargo , calling it a "one of the cheapest banks with a large retail deposit base." This will boost the bank's net interest margins as interest rates spike, he told CNBC's "Street Signs Asia" on Tuesday. "A rare small cap play for us at only $2.6 billion market cap, the company has been a dividend grower (with significant annual special dividends on top) since day one … they have no debt on the balance sheet.
But a surprising drop in the unemployment rate and another boost in worker wages sent a clear message to markets that more giant interest rate hikes are on the way. Everybody who seems to want a job is getting a job," said Ron Hetrick, senior economist at labor force data provider Lightcast. "But we've been getting into a situation where our low unemployment rate has absolutely been a significant driver of our inflation." A series of central bank rate increases has been aimed at reducing demand and thus loosening up a labor market where there are still 1.7 open jobs for every available worker. It all makes the inflation fight look ongoing, even with a slowdown in payroll growth.
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