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Separately, two days of chaos in China's $21 trillion bond market ended on Friday after Beijing allowed money brokers to resume providing data to third-party platforms. Jeffrey Gundlach, CEO of DoubleLine Capital, said he considered selling Treasuries earlier in the week but the market was "wildly illiquid." Bond market volatility spikesKEEPING WATCHThe heightened volatility has caught the eye of officials who play a role in ensuring financial markets stability. Analysts noted that bond volatility was exceptionally high not only because of a flight to safe-haven government debt, but also due to a massive repricing of rate-hike expectations. "If liquidity is deteriorating due to wild swings in safe-haven markets, that has implications for the functioning of financial markets and broader economic stability."

SVB's meltdown sparked a partisan battle in Washington on Monday, with Democrats arguing that a Trump-era change to bank oversight rules undermined the stability of regional banks. In the money markets, indicators of credit risk in the U.S. and euro zone banking systems edged up. [1/3] U.S. President Joe Biden delivers remarks on the banking crisis after the collapse of Silicon Valley Bank (SVB) and Signature Bank, in the Roosevelt Room at the White House in Washington, D.C., U.S. March 13, 2023. On Monday morning, U.S. bank regulators sought to reassure nervous customers who lined up outside SVB's Santa Clara, California, headquarters, offering coffee and donuts. A furious race to reprice interest rate expectations also sent waves through markets as investors bet the Fed will be reluctant to hike next week.

Biden said his administration's actions over the weekend meant "Americans can have confidence that the banking system is safe", while also promising stiffer regulation after the biggest U.S. bank failure since the 2008 financial crisis. Shares in U.S. banking giants JP Morgan Chase (JPM.N), Morgan Stanley (MS.N) and Bank of America (BAC.N) nevertheless weakened. But your second thought is, how big was that crisis, how big were the risks that this step had to be taken?" U.S. regulators stepped in on Sunday after the collapse of SVB, which had seen a run after a big bond portfolio hit. [1/3] U.S. President Joe Biden delivers remarks on the banking crisis after the collapse of Silicon Valley Bank (SVB) and Signature Bank, in the Roosevelt Room at the White House in Washington, D.C., U.S. March 13, 2023.

Germany's Commerzbank (CBKG.DE) fell as much as 12.7%, while Credit Suisse (CSGN.S) hit a new record low after falling 15%. Biden said his administration's rapid actions at the weekend should reassure Americans that the U.S. banking system is safe, and promised stiffer bank regulation after the country's biggest bank failure since the 2008 financial crisis. "Americans can have confidence that the banking system is safe. But big U.S. banks including JP Morgan Chase (JPM.N), Morgan Stanley (MS.N) and Bank of America (BAC.N) also weakened. In the money markets, a closely watched indicator of credit risk in the U.S. banking system edged up, as did other indicators of credit risk in the euro zone.

[1/3] U.S. President Joe Biden delivers remarks on the banking crisis after the collapse of Silicon Valley Bank (SVB) and Signature Bank, in the Roosevelt Room at the White House in Washington, D.C., U.S. March 13, 2023. Germany's Commerzbank (CBKG.DE) fell as much as 12.7%, while Credit Suisse (CSGN.S) hit a new record low after falling more than 15%. Dowding said he did not think that a lot of the issues affecting U.S. banks would be present in European lenders. It said Silicon Valley Bank UK had loans of around 5.5 billion pounds and deposits of around 6.7 billion pounds as of March 10. U.S. banks lost more than $100 billion in stock market value late last week following SVB's failure, while European banks have now lost a similar amount, a Reuters calculation showed.

☆ The winners and losers of the Silicon Valley Bank failure
▼ + stars: | 2023-03-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

Silicon Valley Bank was taken over by regulators on Friday. These are the biggest winners, and losers, in the wake of the bank failure. Which brings us to the downfall of Silicon Valley Bank. Here's a rundown of who stands to gain, and lose, the most as a result of the fall of Silicon Valley Bank. Silicon Valley Bank's obituary had barely been written before firms were offering to buy up customers' uninsured deposits for as little as 55 cents on the dollar.

☆ Starbucks doubles down on Asia Pacific with biggest expansion in five years
▼ + stars: | 2023-02-16 | by ( Michelle Toh | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Starbucks will open more than 400 stores across Asia Pacific in 2023, marking its biggest expansion in the region in five years. “We are seeing headwinds shifting to tailwinds across markets around the world, including the Asia Pacific region, and continued recovery coming out of the pandemic,” he said in the statement. The metric refers to sales at stores open at least 13 months. The company’s locations elsewhere proved to be bright spots during the quarter, with revenue jumping by more than 20% year-on-year for Asia Pacific, Conway said during the presentation. Drive-thrus are becoming more popular, as customers look for more convenience, according to Emmy Kan, the firm’s Asia Pacific president.

Jesper Brodin, CEO of IKEA stores owner Ingka, said visitor numbers and sales volumes were up so far in the group's fiscal year through August 2023. "We are currently seeing growing visitor numbers and growing sales ... It started late spring, summer, and has continued," Brodin said, adding that current trading was better than feared. Some costs such as gas prices have started to decline as well, prompting some retailers to consider price cuts. Brodin said Ingka was currently seeing no signs of weakening demand, or of any of its markets heading towards a deep recession this year.

☆ Crypto markets are undergoing a 'flight to quality,' says Goldman Sachs digital assets chief
▼ + stars: | 2023-02-10 | by ( Talia Kaplan | ) www.cnbc.com time to read: +3 min

In this article GSGSBD Follow your favorite stocks CREATE FREE ACCOUNTwatch nowLast year's havoc in the cryptocurrencies space has allowed for a "flight to quality" among crypto investors, Mathew McDermott, Goldman Sachs' global head of digital assets, said on CNBC's "Crypto World" on Friday. “We do have a crypto trading desk at the firm," he said, noting that the bank only trades cash-settled derivatives, options and futures. Three key areasSpeaking with CNBC's "Crypto World," McDermott pointed to the bank's three key areas of focus in crypto: tokenization, remaking the plumbing of financial markets and the "profound" effect that digital money will have across markets. Collaborating with two other banks, Goldman Sachs launched a tokenization platform that processed a $100 million dollar eurobond from the European Investment Bank. "This we felt was a really important kind of feature for the market," McDermott said, describing Datonomy.

[1/2] U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. Initial claims for state unemployment benefits rose 13,000 to a seasonally adjusted 196,000 for the week ended Feb. 4, data showed. In late morning trading, the dollar index fell 0.7% to 102.74 . The euro , the biggest component in the dollar index, climbed 0.6% to $1.078, while sterling rose 0.9% to $1.2179 , with both boosted by improving risk sentiment across markets. The dollar fell 0.4% against the Japanese yen to 130.92 .

☆ Swedish crown gains on c.bank forecast for more hikes, softer dollar
▼ + stars: | 2023-02-09 | by ( Alun John | ) www.reuters.com time to read: +3 min

LONDON, Feb 9 (Reuters) - The Swedish crown rallied on Thursday after the country's central bank raised interest rates and forecast further tightening, while the dollar weakened against most other currencies alongside positive sentiment across markets. The dollar was last down 1.4% against the crown at 10.45 crowns and the euro was down 1.16% at 11.21, after the Riksbank raised its interest rate by 50 basis points to 3%, and forecast more increases in the spring. The Swedish currency has been under pressure, having hit its weakest since 2009 against the euro earlier this week as markets bet the central bank will raise rates less aggressively than the European Central Bank due to domestic economic conditions. Markets are also digesting a series of remarks from Federal Reserve policymakers about the U.S. interest rate plans after Friday's stronger-than-expected jobs data and ahead of next week's closely watched inflation numbers. Williams's comments followed Chair Jerome Powell's sticking by his interest rate outlook on Tuesday, when he reiterated that a process of "disinflation" was under way.

☆ How to pinpoint the housing markets most set to decline in 2023 — and why real estate in the most expensive cities could fall 30%
▼ + stars: | 2023-02-02 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +5 min

BiggerPockets' Dave Meyers forecasts national housing prices will come down in 2023. Low interest rates, easy money, and a dwindling supply of new homes sent nationwide housing markets into uncharted territory over the last two years. "When you see inventories start to spike, that signals a significant shift towards a buyer's market where prices are probably going to go down. Prices are likely to go down in 2023According to Meyer, the housing market in 2023 should be a tale of two halves. But once affordability begins to improve again, Meyer believes the housing market will bottom, spurring new growth.

☆ Why the case is growing for a Federal Reserve interest rate cut before year end
▼ + stars: | 2023-01-31 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +11 min

The Fed will get to 5%, but quickly start to retreat so that the year-end rate is going to be 4.6%, according to the Fed Survey. The Fed interest rate policy path is pretty clear for the next few months of Federal Reserve FOMC meetings. Fear of recession dipped in the latest Fed Survey, but it's still elevated, with 51% of respondents expecting a recession. The Fed Survey doesn't have a positive outlook on growth for 2023, but isn't forecasting negative growth either. But one consumer CFO did say that the way price increases are "pushed through" is becoming more strategic as opposed to across-the-board.

☆ Citi downgrades Morgan Stanley after earnings beat, says upside is limited from here
▼ + stars: | 2023-01-18 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Gains for Morgan Stanley will be harder to come by, according to Citi. Analyst Keith Horowitz downgraded the bank stock to neutral from buy. He also noted that Morgan Stanley's high valuation relative to its peers as a downside catalyst for the stock. The downgrade comes a day after Morgan Stanley reported blockbuster fourth-quarter results. The company's earnings and revenue beat analyst expectations thanks in large part to a record quarter for its wealth management division .

☆ Gold little changed ahead of key U.S. inflation data
▼ + stars: | 2023-01-11 | by ( ) www.cnbc.com time to read: +1 min

Gold prices were hemmed into a narrow range on Wednesday as investors held back from making large bets ahead of key U.S. inflation data due later this week. Spot gold was little changed at $1,875.68 per ounce as of 0242 GMT, hovering near the eight-month high hit on Monday. U.S. gold futures rose 0.2% to $1,879.30. "If the data shows that inflation is softer, then gold might go north of the $1,900 level. Gold is considered an inflation hedge but is highly sensitive to rising interest rates, which increases the opportunity cost of holding the non-yielding bullion.

☆ Recession may force Fed rate cut in 2023, sending Treasury yields lower -BofA
▼ + stars: | 2022-11-29 | by ( Davide Barbuscia | ) www.reuters.com time to read: +2 min

"The Fed is likely going to show signs of becoming successful in their attempt to rein in inflation by softening the labor market," he said. "That's probably also going to be allowing for volatility within rates and across markets to compress to some extent." The Fed has raised interest rates by 375 basis points so far this year as it attempts to bring down the highest inflation in decades. Cabana expects the central bank to increase rates three more times until reaching a terminal rate of 5.25% in March. Ten-year Treasury yields - a global benchmark for a swathe of other asset classes - are set to decline from 4% in the first quarter next year to 3.25% by year end, Cabana said.

☆ Here’s how China’s COVID lockdown protests are sparking unrest across markets and rattling the global investing landscape.
▼ + stars: | 2022-11-29 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Today we're going over what the ongoing protests in China mean for markets and investors. While the protests in China have been largely peaceful, some protesters have been met with violence from the authorities. Anti-government protests have erupted from Shanghai to Beijing as citizens rise up in opposition of China's zero-COVID policies. "Markets don't like bad news, and protests are bad news," Laffer told me on a phone call yesterday. China protests over lockdown measures could mean inflation gets stuck at 4%, according to Mohamed El-Erian.

☆ German regulator stays vigilant as Meta changes VR headset rules
▼ + stars: | 2022-11-23 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Nov 23 (Reuters) - Facebook's parent company Meta Platforms (META.O) has responded to the German cartel office's concerns by allowing the use of its virtual reality headset without a Facebook account, the office said on Wednesday. The cartel office has been closely watching Meta since May when it declared it was of "paramount significance for competition across markets", a classification that gives the regulator more scope to curb digital companies' market power. In a statement on Wednesday, Germany's cartel office said Meta will allow the device to be used with a separate Meta account, clearing the path for it to begin selling the Quest 2 headset in Germany. Cartel office chief Andreas Mundt pointed to Meta's strong position in social media as well as the growing VR market. Despite the headset being made available to others via the Meta account, the German regulator said it would continue to monitor the design of user choices and issues relating to the aggregation and processing of user data from Meta services.

The surge in stocks and bonds, and steep dollar slide last week sparked one of the biggest loosening of financial conditions in decades. "We see this as another example of the inherent challenges that come from trying to slow the pace of hikes without easing financial conditions." chartchartEvery time investors and traders begin to price a Fed 'pivot', market conditions loosen, and inflationary pressures rise. Policy decisions affect financial conditions immediately, but the full effects of changing financial conditions on inflation are felt much later, Powell told reporters. Related columns:- Fed 'pivot' draws closer, but the word has had its day (Nov. 11)- China reopening may add inflation headache (Nov. 9)- Hedge funds capitulate on Fed pivot (Nov. 6)By Jamie McGeever; Editing by Andrea RicciOur Standards: The Thomson Reuters Trust Principles.

LONDON, Nov 9 (Reuters) - Some European retailers this week forecast or reported better full-year sales after working to keep prices low to attract cash-strapped shoppers although others, including Marks & Spencer (MKS.L) and Adidas (ADSGn.DE) warned on profit. Many consumers have turned to cheaper private-label products, boosting sales for retailers like Dutch grocer Ahold Delhaize and Primark owner Associated British Foods (ABF.L), as they face a prolonged cost-of-living crisis. On Wednesday, Ahold raised its annual outlook for the third time this year, expecting low-double-digit earnings per share growth versus a prior mid-single-digit guidance. Carrefour said it would step up its expansion in e-commerce, open more discount stores and cut costs as it detailed its new turnaround strategy, . LUXURY GAPHaving less disposable income has meant many shoppers are holding back on buying mid-market clothes and other discretionary items.

☆ Euro, sterling bounce, dollar drops as investors cash in
▼ + stars: | 2022-11-07 | by ( Hannah Lang | ) www.reuters.com time to read: +3 min

[1/3] Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, January 21, 2016. REUTERS/Jason Lee/IllustrationWASHINGTON, Nov 7 (Reuters) - Euro and sterling rose against the safe-haven dollar on Monday, supported by a risk-on sentiment across markets as investors digested positive euro zone data and looked to cash in on the strength of the U.S. currency. The euro was up 0.69% to $1.0029, its highest level since Oct. 27, while sterling was last trading at $1.1534, up 1.40% on the day. Investors were also cheered by a readout on Monday showing that German industrial production grew in September, beating analyst expectations. Against a basket of currencies, the dollar index fell 0.91% to 110.070.

☆ Euro, sterling jump, dollar tumbles as market turns to risk assets
▼ + stars: | 2022-11-07 | by ( Joice Alves | ) www.reuters.com time to read: +3 min

[1/2] U.S. dollar and British pound notes are seen in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/IllustrationLONDON, Nov 7 (Reuters) - Euro and sterling rose against the safe-haven U.S. dollar on Monday, supported by a risk-on sentiment across markets with European stocks rising on persistent hopes China will ease COVID restrictions. Another risk-sensitive currency, sterling , reversed earlier losses to trade up 0.6% to $1.1442, while the euro jumped to its highest since Oct. 27. Four Fed policymakers on Friday also indicated they would still consider a smaller interest rate hike at their next policy meeting. Reporting by Joice Alves in London; Editing by Ed Osmond and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Quarterly revenue rose 20.5% year-on-year to 171.66 billion pesos ($8.66 billion), driven by increased sales across markets and beating the Refinitiv consensus of 163.17 billion pesos. Operating costs rose in almost all of Femsa's divisions, including a 69.4% jump in its logistics and distribution business on increased transportation and labor costs. Earnings from companies in which Femsa has controlling stakes, including Dutch beer maker Heineken (HEIN.AS), also took a hit in the quarter, Femsa said. Femsa's core earnings, or EBITDA, for the quarter rose 14.4% to 23.20 billion pesos. Revenue at Grupo Nos, Femsa's convenience store joint venture with Brazilian energy firm Raizen (RAIZ4.SA), surged 156% from the year-ago quarter.

☆ Buy these 15 quality stocks that are healthy enough to rise despite a rocky earnings season, Jefferies says
▼ + stars: | 2022-10-27 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

Amid a harsh macro outlook, investors are looking for stocks that are healthy enough to rise. After posting another quarter of declining profits, Meta shares plunged 22% on Thursday. Jefferies recommends these 15 Russell 2000-listed stocks during a rocky earnings season. Shares of Meta, formerly known as Facebook, are also down 22% after the social media giant posted a fourth straight quarter of declining profits. Amid painful interest rate hikes, along with a volatile earnings season, investors are looking for bets that are healthy enough to rise despite a murky macro outlook.

☆ Billionaire hedge fund titan Seth Klarman reveals how he finds investments that meet his standards and his 2 favorite principles of investing
▼ + stars: | 2022-10-18 | by ( David Rubenstein | ) www.businessinsider.com time to read: +7 min

David Rubenstein: You and Warren Buffett, with whom you have often been compared, are probably the two best-known and successful value investors. What skills are required to be a successful value investor? Simon and Schuster: The basic practice of value investing is trying to buy dollars for 50 cents, sometimes 60 or70 cents — in effect, buying bargains. Early on in the 1920s and 1930s, Benjamin Graham wrote about value investing. In terms of the requirements to be a value investor, the skill set, first of all, people need to be patient and disciplined.

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