DIRS.INFO The most relevant business & tech news

☆ Bond yields could hit 6% as the Fed is going to keep hiking rates until something breaks, research firm says
▼ + stars: | 2023-10-06 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Key bond yields are likely headed to 6% as the Fed will keep hiking interest rates, TS Lombard said. That's due to recent robust economic data, which could influence the Fed to take interest rates higher. Higher rates risk sparking a recession, especially considering interest rates are already higher than Fed officials think, Blitz said. Markets have panicked in recent weeks as investors try to adjust to a higher-for-longer interest rate environment. Yields on the 10-year US Treasury just rose to their highest level since 2007, briefly touching 4.8% on Friday.

Persons: Lombard, —, Steven Blitz Organizations: stoke, Treasury, Service, Federal Reserve, Lombard, Investors, —

A steepening yield curve is when the spread between long- and short-term bond yields widens. Either the long-term yield rises faster than the short-term yield - a bear steepener - or the short-term yield is falling more - a bull steepener. Bear steepenings of the benchmark two-year/10-year U.S. Treasury yield curve, when the curve is inverted, are rare. In some ways, a positive-sloping yield curve is the natural order of things. Graff reckons the bear steepening is almost over and the curve will struggle to get past -20 bps.

Persons: Warren Pies, Dario Perkins, Lombard's Perkins, Bond, Bill Gross, Goldman Sachs, Tom Graff, Graff, Jamie McGeever, Andrew Heavens Organizations: Treasury, 3Fourteen Research, TS Lombard, Federal Reserve, Reuters, Thomson Locations: ORLANDO, Florida, London reckons

☆ Geodis’s Marie-Christine Lombard on New Hurdles in Global Supply Chains
▼ + stars: | 2023-10-04 | by ( Paul Berger | ) www.wsj.com time to read: 1 min

A parcel-sorting chain of Prisme, an interprofessional book distribution platform of Geodis in a Paris suburb. Photo: emmanuel dunand/Agence France-Presse/Getty ImagesCompanies are making big changes to their supply chains in the wake of the Covid pandemic and rising tensions between the U.S. and China, and logistics businesses are following them to new destinations as they try to clear the hurdles to new manufacturing and distribution strategies.

Persons: emmanuel dunand Organizations: Agence France, Getty, U.S Locations: Paris, China

☆ China won't end up like Japan - but it's headed for a 'grinding deceleration' with a narrow path to avoid stagnation, research firm says
▼ + stars: | 2023-10-03 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

China has only a narrow path to avoid economic stagnation, according to TS Lombard. Stimulus from the government can offset weak investment and low consumption, but only partially. "We define Sinification as a grinding deceleration in activity led by falling property investment and weak consumption," he later added. That's well-below the double-digit growth rate China has seen for much of the past 20 years -- but still better than the 1% growth rate Japan saw in the 90s. AdvertisementAdvertisementOther forecasters have cast similar warnings over China's economy, seeing only slim chances the nation can avoid a difficult economic slowdown.

Persons: —, Rory Green, Green, That's, Morgan Stanley Organizations: TS Lombard, Service, United Locations: China, Japan's, United Nations, Japan

☆ A U.S. government shutdown will be marginally negative on the economy, says economist
▼ + stars: | 2023-09-29 | 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 EmailA U.S. government shutdown will be marginally negative on the economy, says economistSteven Blitz, chief economist at TS Lombard, discusses the impact of a potential government shutdown on the U.S. economy that is "teetering towards recession."

Persons: Steven Blitz Organizations: TS Lombard Locations: U.S

☆ Indian shares struggle on weak global cues, higher crude prices
▼ + stars: | 2023-09-28 | by ( Sethuraman N R | ) www.reuters.com time to read: +2 min

REUTERS/Francis Mascarenhas/file photo Acquire Licensing RightsBENGALURU, Sept 28 (Reuters) - Indian shares struggled to add to initial gains on Thursday as weakness in global equities markets over fears of higher interest rates and surging crude prices weighed. "Despite the correction, India has still outperformed the global markets.. But, we are also seeing many emerging risks like higher crude prices and depreciation in rupee," said Samrat Dasgupta, chief executive at Esquire Capital Investment Advisors. Crude prices, which rose 3% overnight will hurt India, the world's third-largest importer, which is also reeling under lower-than-expected monsoon rains, triggering inflation risks. Among sectoral indexes, information technology stocks (.NIFTYIT) fell 0.8%, metals (.NIFTYMET) gained 0.6%, while the public sector banks (.NIFTYPSU) climbed 0.9%.

Persons: Francis Mascarenhas, Samrat Dasgupta, Esquire's Dasgupta, Sohini Goswami, Dhanya Ann Thoppil Organizations: Bombay Stock Exchange, REUTERS, Rights, BSE, Esquire Capital Investment Advisors, Treasury, Federal Reserve, Oil India, ICICI Lombard, Sethuraman NR, Thomson Locations: Mumbai, India, Bengaluru

☆ We've upgraded China stocks, TS Lombard economist says
▼ + stars: | 2023-09-18 | 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 EmailWe've upgraded China stocks, TS Lombard economist saysRory Green, chief China economist and head of Asia research at TS Lombard, discusses the Chinese property market, stimulus measures and the outlook for stocks.

Persons: Rory Green Organizations: We've, TS Lombard Locations: China, Asia

Reuters Graphics Reuters GraphicsMonth-to-month inflation numbers "will inevitably hop around," wrote Pantheon Macroeconomics Chief Economist Ian Shepherdson, who sees underlying consumer inflation nevertheless slowing to a "benign" level of below 3% by early next year. Since their meeting in July, only two Fed policymakers have said they felt rates do not need to rise further, while others noted their outlook for slowing inflation was built around a slightly higher federal funds rate. Overall bank credit has been falling on a year-over-year basis since mid-July, evidence of financial firms tightening access either through higher rates or stricter standards. By and large Fed officials feel the economy can grow about 1.8% a year with inflation at the 2% target and assuming "appropriate monetary policy." The outlook has diminished prospects for a U.S. recession, but may well keep Fed concerns about high - or higher - inflation alive.

Persons: Jessica Rinaldi, Ian Shepherdson, Jerome Powell, Powell, Torsten Slok, Goldman Sachs, Steven Blitz, Howard Schneider, Dan Burns, Andrea Ricci Organizations: REUTERS, Rights, Federal Reserve, Reuters Graphics Reuters, Investors, Apollo Global Management, Lombard Chief U.S, Fed, Thomson Locations: Flushing , New York, U.S

☆ European retailers risk dressing-down from investors as consumers flinch
▼ + stars: | 2023-09-11 | by ( Joice Alves | ) www.reuters.com time to read: +5 min

Reuters GraphicsThe broader STOXX 600 (.STOXX) is up by 7% this year, meaning retailers are outperforming by the most on record. The snag is that this stellar run has been partly built on investors unwinding bearish bets, or short positions, on retail stocks, after last year's pessimism proved overdone. This means retail stocks might not see as many willing buyers as earlier this year. Jones expects retail stocks to fall in the second half of the year. JPMorgan downgraded the grocery retail sector this month and flagged the prospect of price declines going into 2024.

Persons: Inditex, unwinding, Benjamin Jones, Jones, Florian Ielpo, Ielpo, WH Smith, Alexandre Bompard, LSEG, Joice Alves, Amanda Cooper, Tomasz Janowski Organizations: Reuters, Macro, Multi, Management, Carrefour, JPMorgan, Deutsche Bank, Thomson Locations: Zara, bullish, LSEG, Britain

☆ Konig: If the yield curve inverts because of growth, equities should perform well
▼ + stars: | 2023-09-07 | 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 EmailKonig: If the yield curve inverts because of growth, equities should perform wellSkylar Montgomery Konig, Senior Global Macro Strategist at TS Lombard, discusses the inverted yield curve and its impact on equity markets.

Persons: Konig, Skylar Montgomery Konig Organizations: TS Lombard

☆ China's economy is entering a 'structural hard landing' as growth will remain low
▼ + stars: | 2023-08-30 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

China's economy will struggle for at least the next year, TS Lombard strategists said. The research firm estimated China's growth would remain under 5% through 2024. That implies the nation's economy will slip into a "structural hard landing," strategists said. AdvertisementAdvertisementMeanwhile, turmoil in China's real estate and stock market helped wipe away recent wealth gains, which initially was thought would help economic growth once China's economy reopened. Other analysts have warned of long-term problems for China's economy, given that the nation is also slammed with high debt levels and an aging population.

Persons: TS Organizations: Service, People's Bank of China Locations: Wall, Silicon, China

World shares (.MIWD00000PUS) were up 0.3% in European trading. European stocks, led by technology shares and China-exposed automakers, also rose. But the uncomfortable message from Jackson Hole may mean a protracted higher inflation than market bulls might have hoped, said the note. Figures on European Union inflation this week may also be instrumental in whether the European Central Bank (ECB) decides to hike next month. Oil prices drew some support from the storm developing in the Gulf of Mexico and China support.

Persons: Issei Kato, Florian Ielpo, Jerome Powell, Lombard, Ielpo, Jackson, Christine Lagarde, Ben Broadbent, Kazuo Ueda, Brent, Nell Mackenzie, Amanda Cooper, Stephen Coates, Hugh Lawson Organizations: Nikkei, U.S, REUTERS, Companies, payrolls, China PMI, China, Nasdaq, FTSE, China Evergrande, HK, Hong Kong Stock Exchange, Shanghai, Lombard, Traders, Federal, Fed, JPMorgan, European Central Bank, Bank of England, Bank of Japan, Thomson Locations: Tokyo, Japan, China, Beijing, Generali, Hollywood, Friday's, Gulf of Mexico

☆ China's deflation could spill over into a global concern, economists say
▼ + stars: | 2023-08-24 | by ( Elliot Smith | ) www.cnbc.com time to read: +7 min

SHENZHEN, CHINA - MARCH 09: View of high commercial and residential buildings on March 9, 2016 in Shenzhen, China. "As a result, Chinese economic weakness and falling prices (especially Chinese producer prices) are likely to spill over into global markets — near-term good news for the Western central banks' fight against elevated inflation." "China's disappointing rebound is now feeding negatively into global sentiment and growth. Beyond the trade-related spillovers, a common global disinflationary pressure comes from commodity prices, where as a huge importer of commodities, Chinese domestic demand remains a key factor. "Weak Chinese domestic investment and broad-based excess capacity in manufacturing, as well as weak sales of new homes and land, are likely to continue to depress global commodity demand," Wilding and Liao said.

Persons: Zhong Zhi, Tiffany Wilding, Wilding, Carol Liao, Montgomery Koning, Liao, TS Lombard's Montgomery Koning Organizations: Getty, National Bureau, Statistics, Evergrande, TS Lombard, Lombard, U.S, Census, TS Lombard's Locations: SHENZHEN, CHINA, Shenzhen, China, U.S, Beijing, West, Germany

☆ How Merve Emre became the hottest — and most reviled — name in literary criticism
▼ + stars: | 2023-08-24 | by ( Anna Silman | ) www.businessinsider.com time to read: +40 min

Last winter, the 37-year-old literary critic and Wesleyan professor Merve Emre stood in front of a microphone in Rachel Comey's Soho boutique. While the others had largely opted to pull boldfaced names from the Review's archives — like a 1985 Gore Vidal piece about Tennessee Williams — Merve Emre would be reading Merve Emre. Emre has penned so many introductions for new anthologies and reissues that one fan joked on Twitter: "every new baby in 2024 comes with an introduction by merve emre." Courtesy of Merve Emre. Over her cocktail, Merve Emre told me what my profile on Merve Emre should be about.

Persons: Merve Emre, Rachel Comey's, Emily Greenhouse, Gore Vidal, Tennessee Williams — Merve Emre, Emre, Diane Williams, who's, Everyone's, Elena Ferrante, Jonathan Franzen, Rachel Cusk, Susan Sontag, Michael Roth, Reading Emre, merve emre, John Guillory, Dorothy Parker, Christopher Hitchens, Jon Fosse, Stephanie LaCava, Batuman, Lawrence, Alison Roman, Frank Gehry, Jason Stanley, someone's, they're, Anna Shechtman, Anne, Maggie Doherty, doesn't, Emre Emre, Roald Dahl's, Matilda, Myers, Briggs, you've, I've, Bain, Chris Bierly, I'd, Amy Lombard, Ferrante, She's, Christian Nakarado, Leo Carey, Jason, Nakarado, hasn't, Emre's, Altan, Emre lasered, Ara Osterweil, McGill, Beyoncé, Osterweil, Al Jazeera, sensitively, Ivy pricks, she's, Michael Berube, He'd, he'd, James Joyce, Simone de Beauvoir, Merve, Sarah Chihaya, —, Mary Butts, Leonora Carrington, Susan Taubes, Taubes, Durga Chew, Christian Lorentzen, Orhan Pamuk, Lena Dunham, Chew, Bose, Yale's, it's, she'd, Taylor Swift, Elif Batuman, Swift, Janet Malcolm, Charlie Kaufman, Roth, we're, What's, Natalie Portman, Mila Kunis, It's, Elizabeth Morache, Rebecca Zisser, David Bergman Organizations: The New York, McGill, Times, New York Magazine, The, Yorker, Wesleyan University, Reading, Twitter, McGill ,, Wesleyan, Ivy League, Yale, Shapiro Center, Creative, NBA, Harvard, Bain & Company, Insider Yale, HBO, Congress, NPR, American Academy of Arts and Sciences, New York, Yahoo, Oxford, Oxford . McGill, University of Oxford, Penn State, Fordham University, Boston, Intelligence Squared, Yale Science, University, Whitney Museum, Netflix Locations: Rachel Comey's Soho, McGill , Oxford, Columbia, Norwegian, New Haven , Connecticut, New Haven, Adana, Turkey, New York, Cambridge, Montreal, United States, chiseling, Turkish

☆ How Merve Emre became the hottest — and most divisive — name in literary criticism
▼ + stars: | 2023-08-24 | by ( Anna Silman | ) www.businessinsider.com time to read: +40 min

☆ These 8 charts suggest US stocks still have more upside ahead, despite recent slump
▼ + stars: | 2023-08-23 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

US stocks still have further room to run, according to a Wednesday note from GlobalData TS Lombard. AdvertisementAdvertisementThe bull market in stocks that started earlier this year isn't ending anytime soon, according to a Wednesday note from GlobalData TS Lombard. TS Lombard highlighted eight charts to back up its bullish view on the US stock market. The Fed is approaching the top of its hiking cycle, although markets discounting early cuts may be too optimistic," TS Lombard said. Sentiment has largely normalized now; and the S&P 500, if anything, appears oversold today," TS Lombard said.

Persons: Andrea Cicione, Skylar Koning, Lombard, Disinflation, GlobalData Organizations: GlobalData, Lombard

☆ Surging bond yields add to pressure for Powell's big speech Friday
▼ + stars: | 2023-08-22 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

All eyes will be trained on the central bank leader when he makes his annual address Friday in Jackson Hole, Wyoming. "Powell will need to choose whether to accept or push back against the 'higher-for-longer' narrative at Jackson Hole on Friday." Bond yields are a helpful guide to inflation as they represent a measure of where markets think growth, policy and prices are heading. That has come with one quarter-point Fed rate increase along with rising expectations that the economy may be able to avoid a much-predicted recession. This year's Jackson Hole symposium topic is "Structural Shifts in the Global Economy."

Persons: Jerome Powell, Powell, Andrew Hollenhorst, Jackson, Hollenhorst, Steven Blitz Organizations: Federal, Kansas City, Citigroup, Fed, TS Lombard Locations: Jackson Hole , Wyoming, Kansas

Benchmark 10-year yields reached 4.312%, testing October's 4.338%, a break past which would be its highest since 2007. "What's interesting is usually when you have volatility around rates that's the market trying to price in a higher fed funds rate. "The impact of higher yields is standard: a dollar that is well supported and equities under pressure," he added. MSCI's world index (.MIWD00000PUS) was down 0.1% on Thursday, having dropped to its lowest level since July 6 early in the session. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) slid to its lowest since late November in early trading Thursday.

Persons: Brendan McDermid, Samy Chaar, der Linde, Van der Linde, Shunichi Suzuki, Brent, Ankur Banerjee, Alun John, Anisha, Sonali Paul, Angus MacSwan Organizations: New York Stock Exchange, REUTERS, Lombard, Atlanta Federal, Nasdaq, Zhongzhi Enterprise Group, HSBC, Reuters Global Markets, Finance, Thomson Locations: New York City, U.S, SINGAPORE, CHINA, China's, Asia, Pacific, Japan, Hong Kong, China, Singapore, London, Bengaluru

☆ Russia's economy is returning to growth despite severe sanctions, consultancy says
▼ + stars: | 2023-08-11 | 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 EmailRussia's economy is returning to growth despite severe sanctions, consultancy saysChristopher Granville of TS Lombard says that's also despite the year-on-year fall in oil prices and in oil production in Russia.

Persons: Christopher Granville, TS Lombard, that's Locations: Russia

☆ Konig: Yield surges offer opportunities to buy the dip in fixed income
▼ + stars: | 2023-08-10 | 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 EmailKonig: Yield surges offer opportunities to buy the dip in fixed incomeSkylar Montgomery Konig, Senior Global Macro Strategist at TS Lombard, discusses how to invest in the fixed income market amid recessionary and economic concerns.

Persons: Montgomery Konig Organizations: Konig, TS Lombard

☆ China's July CPI number could show 'outright deflation,' strategist says
▼ + stars: | 2023-08-07 | 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 EmailChina's July CPI number could show 'outright deflation,' strategist saysHomin Lee, senior macro strategist at Lombard Odier, discusses the company's expectations for China's July consumer price index and says the country is facing increasingly challenging demographic and geopolitical problems.

Persons: Homin Lee, Lombard Odier

☆ Here are six ways the rich save big on taxes, from putting mansions in trusts to guaranteeing inheritance for future generations
▼ + stars: | 2023-08-04 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

Thanks to tax cuts made during the Trump administration, Americans can give or hand down nearly $13 million in assets without paying federal estate tax. Currently, individuals and married couples can gift or bequeath $12.92 million and $25.84 million, respectively, before a 40% federal estate tax kicks in. The heirs don't own the trust assets but rather have lifetime rights to the trust's income and real estate. Private-placement life insurance, or PPLI, can be used to pass on assets from stocks to yachts to heirs without incurring any estate tax. These trusts pay a fixed annuity during the trust term, which is usually two years, and any appreciation of the assets' value is not subject to estate tax.

Persons: Uncle Sam, Trump, Robert Strauss, Weinstock Manion, Wrigley, Jeff Bezos, Rich, Ron Wyden, PPLI Organizations: Taxpayers, IRS, Biden, Blackstone, Lombard International, Federal Reserve Locations: Cayman Islands, Bermuda, Florida, Wyoming, Plenty

☆ Winners and losers likely as Switzerland absorbs Credit Suisse layoffs
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +5 min

Logos of Swiss banks UBS and Credit Suisse are seen in Zurich, Switzerland March 20, 2023. In Switzerland, up to 10,000 jobs could be affected with Zurich bearing the brunt if UBS goes ahead with its indicated preferred option of absorbing Credit Suisse and cutting overlapping jobs and operations. "The large banks have many highly paid very specialized roles, where frankly there is very little demand in the market outside UBS and Credit Suisse," he said. Job cuts at Credit Suisse will hit Swiss and foreign nationals on its payroll, which may mean some have to leave Switzerland if they can't find a new job. Swiss banks have been looking in particular to snap up relationship managers with strong client relationships and solid books.

Persons: Denis Balibouse, headhunter Fredy Hausammann, Hausammann, Adecco, Balz Stueckelberger, Sergio Ermotti, Lombard Odier, Marco Arnold, Giorgio Pradelli, Pradelli, EFG, Noele Illien, Susan Fenton Organizations: UBS, Credit Suisse, REUTERS, Reuters, State Secretariat, Economic Affairs, Arbeitgeber Banker, Swiss, EFG's, Thomson Locations: Zurich, Switzerland, Swiss, Europe, Zug

[1/3] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. European shares gained modestly after euro zone inflation fell further in July seeing that most measures of underlying price growth also eased. "Data out this week should remain superficially consistent with the 'soft landing' narrative," Citi market strategists wrote in a note. Japanese 10-year yields surged to a nine-year high up to 0.6% on Monday, and toward the new cap of 1.0%. U.S. crude rose 1.63% to $81.89 per barrel and Brent was at $85.56, up 0.67% on the day.

Persons: Brendan McDermid, Florian Ielpo, Paul Christopher, Christopher, Austan Goolsbee, Sterling, Brent, Lawrence Delevingne, Nell Mackenzie, Nick Macfie, Will Dunham, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Dow Jones, Nasdaq, Apple Inc, Caterpillar Inc, Starbucks Corp, Devices, Markets, European Central Bank, Lombard, U.S, Citi, Intel, Lam Research, Wells Fargo Investment, Chicago Federal Reserve Bank, Bank of England, Bank of, Federal Reserve, Bank of Japan, Treasury, Thomson Locations: New York City, U.S, Wells Fargo, Boston, London

☆ Most of what we've heard about the yuan dethroning the dollar is from the West. Here's what China's actually said about it.
▼ + stars: | 2023-07-31 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

China wants the yuan to play a bigger global role but hasn't called for it to replace the dollar. China wants to make the yuan the global currency," The Washington Post reported in May. Meanwhile, the Chinese currency is in fourth place, after the Japanese yen. In April this year, Xi again raised China's goal of yuan internationalization in Qiushi magazine, a Chinese Communist Party journal. In Qiushi, Xi said that China was committed to promoting yuan internationalization "in an orderly manner."

Persons: Xi Jinping, Niall Ferguson, hasn't, dollarization, China's, Rory Green, Xi, SWIFT, Liqing Zhang, Zhang Organizations: Service, NPR, Washington Post, Stanford, CNBC, European Central Bank, Communist, TS Lombard, Communist Party, Green, Central Bank of, Media, Communist Party's, Daily, Chinese Communist Party, Securities Times, Central University of Finance, Economics Locations: China, Wall, Silicon, Beijing, Russia, London, Xinhua

Search resuls for: "Lombard"

25 mentions found