- US Trade Deficit Unexpectedly Narrows As Services Surplus Rises
- ECB’s Centeno: Don’t Think We Have To Wait Until May To Make Decisions
- ECB’s Villeroy: ECB To Cut Rates Once Inflation Expectations Settle At Target
- Eurozone Unemployment Hits Record Low, Defying Recession Gloom
- PIMCO Predicts Equity-Like Returns From Bonds Even After Rally
- Bitcoin ETF Fever Drives Ethereum To 32-Month Low Versus BTC
- Stocks Fluctuated After A Tech-Led Bounce And Oil Rebounds
- US Oil Prod. Forecast To Reach New Heights Despite Drilling Slowdown
- Bullish Oil Options Wager on Rally Beyond $110 in Coming Months
- Google Teams Up With TikTok To Stream Videos From Phones To TVs
- Tesla Lowers Range Est As US Regulators Tighten Vehicle-Test Rules
- BlackRock Cuts 600 Staff As Asset Managers Defend Profit Margins
The European Central Bank is likely to cut interest rates in the spring, before the Federal Reserve does, as the eurozone economy is weaker than that of the U.S., Daniel Morris, chief market strategist at BNP Paribas Asset Management told Dow Jones Newswires.
“It would make more sense that the ECB cuts first,” he said in an interview. An initial ECB rate cut in March or April is “conceivable.”
U.S. growth is still strong, however, and the Fed can afford to wait for more signs of a slowdown. (Continue Reading - WSJ)
Bond investors can still reap equity-like returns in 2024 despite the steep declines in yield from last year’s highs, according to Pacific Investment Management Co.
Pimco’s latest “cyclical outlook,” focused on the next six to 12 months, looks for the bond market’s recent gains to be sustained but not extended in a way that would warrant increasing exposure to interest rates, as they recommended in October. (Continue Reading - Bloomberg)
The race-to-the-bottom on fees among prospective spot Bitcoin ETF issuers picked up speed with at least four companies slashing their costs.
Invesco, Bitwise, Valkyrie and WisdomTree lowered fees in their spot Bitcoin ETF applications, according to updated filings with the US Securities and Exchange Commission. Bitwise, which already had the lowest final fee of 24 basis points, dropped it even lower to just 20 basis points in Tuesday’s filing. (Continue Reading - Bloomberg)