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SimCorp discusses outlook for markets amid 'huge' earnings week
  + stars: | 2024-04-23 | 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 EmailEarnings: No guarantee that 3 of Magnificent 7 reporting this week will lift markets, says SimCorpOlivier D'Assier, head of Asia-Pacific applied research at Simcorp, discusses the outlook for markets in a week when more than 30% of S&P 500 companies are set to report results.
Persons: SimCorp Olivier D'Assier Locations: Asia, Pacific
Photo taken on April 20, 2022 shows the Japanese yen and U.S. dollar banknotes in Tokyo, Japan. The dollar kicked off the last quarter of the year on the front foot on Monday as the prospect of higher-for-longer U.S. rates provided solid support, pushing the yen to an 11-month low. Sterling was last 0.13% lower at $1.2188, having similarly slid nearly 4% against the dollar in the third quarter. "This puts the 1 November FOMC meeting back on the table as a potential venue for a further 25-basis-point rate hike." Elsewhere, the Australian dollar fell 0.07% to $0.64305, while the kiwi edged 0.1% lower to $0.59925.
Persons: Olivier d'Assier, Jarrod Kerr, Sterling, Kiwibank's Kerr, Chris Weston Organizations: U.S, Congress, Democratic, U.S . Labor Department, CPI Locations: Tokyo, Japan, Asia, Australia, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestor sentiment on the U.S. is neutral to positive, analyst saysOlivier d'Assier, head of applied research of Asia-Pacific at Qontigo, says the United States has low volatility, good earnings and a resilient economy.
Persons: Olivier d'Assier Locations: Asia, Qontigo, United States
"The risk of a downgrade is exacerbated every time Congress flirts with the debt ceiling," said Calvin Norris, Portfolio Manager & US Rates Strategist at Aegon Asset Management, who sees another downgrade as still a risk. Economic damage from the 2011 and 2013 debt ceiling battles had a chilling impact. Rating agency Fitch and other smaller agencies recently placed the U.S. credit rating under review. Reuters GraphicsCASCADE EFFECTInvestors use credit ratings as one of the metrics to assess the risk profiles of governments and companies. In the 2013 debt ceiling crisis the legislative standoff did not cause a rating downgrade, although Fitch placed its rating under review.
Persons: Kevin McCarthy, Joe Biden, Leah Millis, Calvin Norris, Wendy Edelberg, Edelberg, Fitch, William Foster, , Andy Sparks, Olivier d'Assier, Peter Crane, MSCI's Sparks, Davide Barbuscia, Megan Davies, Nick Zieminski Organizations: U.S, White, REUTERS, Senate, Republicans, Aegon Asset Management, AAA, Government, Office, The, Brookings Institution, Moody's, Moody’s Investors Service, Applied Research, Crane, Treasury, Thomson Locations: Washington , U.S, U.S, United States, Washington, APAC, Qontigo
It's 'all hands on deck' for China's 2023 GDP, analyst says
  + stars: | 2023-03-01 | 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 EmailIt's 'all hands on deck' for China's 2023 GDP, analyst saysOlivier d'Assier, head of applied research of Asia-Pacific at Qontigo, says China's regulators and the government are trying to make sure that the country is "on target" after last year's "big miss."
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