Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock characte ...

Asset manager BNP Paribas Asset Management has become the latest TradFi giant to use Ethereum as part of a tokenisation push. The investment arm of Paris-based bank BNP Paribas said Friday that it had used the top crypto network to issue a tokenised share class of a French‑domiciled money market fund. “The tokenised fund shares were issued on the public Ethereum network with permissioned tokens ensuring that only eligible participants can hold and transfer the tokens, while benefiting from the strength ...

Core Insights - BNP Paribas has launched a tokenized share class of a French-domiciled money market fund on the public Ethereum blockchain, marking a significant step in the migration of traditional finance to distributed ledger technology [1][2] - The initiative allows BNP Paribas to test the integration of public blockchains into regulated fund structures while maintaining strict control over digital assets [2][3] Group 1: Tokenization and Compliance - The tokenized shares utilize a permissioned access model, restricting holdings and transfers to a whitelist of authorized participants who meet compliance standards [3] - The initiative was described as a limited intra-group experiment to test new processes within a controlled and regulated framework [3] Group 2: Institutional Trends - There is a growing consensus among institutional asset managers to utilize the settlement infrastructure of public networks like Ethereum while demanding strict access controls [4] - The initiative follows a previous pilot using a private blockchain, indicating a cautious shift toward public networks for broader interoperability [5] Group 3: Operational Efficiency - Tokenization offers a regulated, yield-bearing alternative to fiat-backed stablecoins, with money market funds serving as a primary testing ground for blockchain ambitions [5] - Traditional fund processing relies on slow, batch-based settlement systems, while tokenization introduces the possibility of nearly instantaneous settlement, improving capital efficiency [6] Group 4: Industry Participation - BNP Paribas joins other major financial institutions like BlackRock, JPMorgan Chase & Co., and Fidelity Investments in deploying tokenized money market funds on Ethereum [8]

法国巴黎银行资产管理公司 BNP Paribas Asset Management 宣布在以太坊上开展货币市场基金代币化试 点，通过其 AssetFoundryTM 平台发行一只法国注册货币市场基金的代币化份额。该代币采用基于以太 坊的"许可访问模型"，仅允许符合监管要求的合格与授权参与者持有和转让。BNP Paribas Asset Management 担任基金发行人，BNP Paribas Securities Services 负责过户与销售。（The Block） （来源：吴说） ...

Group 1 - Yields on US government debt are near their lowest levels in months due to haven demand amid stock-market volatility and a tame January inflation reading, suggesting investor expectations for potential rate cuts later this year if labor-market weakness is observed [1][9] - Invesco, Carmignac, and BNP Paribas do not share the outlook of further rate cuts, citing strong economic data, including January job growth exceeding projections and significant corporate investments in artificial intelligence [2][9] - The Federal Reserve's recent meeting minutes indicate a cautious stance on rate cuts, with some policymakers suggesting that rate hikes may be necessary if inflation remains above the 2% target [2][9] Group 2 - Macro strategists at TS Lombard recommend betting on fewer rate reductions in the second half of 2026, while Invesco's fixed-income chief strategist anticipates one rate cut this year, though the likelihood of no cuts is increasing due to robust economic data [3][6] - Carmignac's co-head of fixed income, Guillaume Rigeade, is short US Treasuries and predicts the 10-year yield could rise to 4.5% in the coming months, up from approximately 4.1% [7][9] - Recent economic data presents mixed signals, with a headline annual consumer inflation figure of 2.4% indicating cooling, yet services prices have accelerated, creating a complex environment for bond investors [8][9]

Market Overview - Gold prices remained stable at approximately $4,880 an ounce after experiencing a decline of over 3% in the previous two sessions due to a strengthening US dollar [1] - A significant rally had previously driven gold to an all-time high of over $5,595 an ounce in late January, but the market corrected sharply to nearly $4,400 within two sessions [2] Price Forecasts - Major banks such as BNP Paribas, Deutsche Bank, and Goldman Sachs predict that gold prices will resume an upward trend, supported by ongoing geopolitical tensions and a shift away from sovereign bonds and currencies [3] - Investors are closely monitoring comments from Federal Reserve officials for insights into US monetary policy, as potential interest rate cuts could benefit non-yielding precious metals like gold [4] Federal Reserve Insights - Fed Governor Michael Barr indicated that interest rates should remain steady until there is more evidence of inflation moving towards the central bank's 2% target [5] - Fed Bank of Chicago President Austan Goolsbee mentioned the possibility of further rate cuts this year if inflation continues to trend towards the target [5] Current Market Data - As of 8:51 a.m. in Singapore, spot gold was priced at $4,880.18 an ounce, while silver decreased by 1% to $72.83 an ounce. Platinum and palladium saw slight increases of 0.9% and 0.5%, respectively [6]

Core Viewpoint - Investors are evaluating BNP Paribas SA (BNPQY) and National Australia Bank Ltd. (NABZY) to determine which stock presents a better value opportunity for investment [1] Group 1: Zacks Rank and Earnings Outlook - Both BNP Paribas SA and National Australia Bank Ltd. currently hold a Zacks Rank of 2 (Buy), indicating positive revisions to their earnings estimates and improving earnings outlooks [3] - The Zacks Rank emphasizes earnings estimates and revisions, which are crucial for investors seeking value [2] Group 2: Valuation Metrics - BNPQY has a forward P/E ratio of 7.64, significantly lower than NABZY's forward P/E of 19.55, suggesting that BNPQY may be undervalued [5] - The PEG ratio for BNPQY is 0.63, while NABZY's PEG ratio is 5.63, indicating that BNPQY has a more favorable earnings growth outlook relative to its price [5] - BNPQY's P/B ratio is 0.78, compared to NABZY's P/B of 2.45, further supporting the notion that BNPQY is undervalued [6] Group 3: Value Grades - BNPQY has received a Value grade of A, while NABZY has a Value grade of D, highlighting the relative attractiveness of BNPQY as a value investment [6] - Based on the discussed valuation metrics, BNPQY is considered the superior value option at this time [7]

Core Viewpoint - Gold prices have experienced volatility, slipping below $5,000 an ounce amid thin trading conditions, influenced by recent US inflation data and market sentiment [1][2]. Group 1: Price Movements - Gold fell as much as 1.4% on Tuesday, following a 1% loss in the previous session, with current trading at $4,967.82 an ounce [1][6]. - A speculative buying wave had previously pushed gold to a record high above $5,595 an ounce, but a two-day rout brought it back to near $4,400, from which it has regained roughly half of its losses [2]. Group 2: Market Forecasts - Major banks, including BNP Paribas, Deutsche Bank, and Goldman Sachs, predict that gold prices will resume an upward trend due to persistent factors such as geopolitical tensions and a shift away from currencies and sovereign bonds [3]. - Jefferies analysts have raised their 2026 price forecast for gold to $5,000 an ounce from $4,200, citing inflation and dollar debasement as key supportive macro factors [4]. Group 3: Market Sentiment and Risks - Analysts suggest that if gold remains below $5,000 for an extended period, it could discourage bullish traders due to recent volatility, increasing downside risks [5].

BNP Paribas is deepening its partnership with Mistral AI, extending it for a three year period https://t.co/qdzE0aSydt ...

Core Insights - BNP Paribas has positioned itself as a leader in sustainable finance, providing a total of $69 billion in sustainable finance bonds and loans in 2025, making it the top issuer and lender in this sector [3] - The bank has significantly increased its credit exposure to low carbon energy projects, rising from 54% in 2022 to 82% in 2025, indicating a strong commitment to sustainability [4][8] - BNP Paribas aims to support the transition to net-zero by financing projects aligned with sustainability goals and reducing funding for polluting sectors [5] Sustainable Finance Commitment - The bank has committed over $299 billion (252 billion euros) to support the low carbon transition from 2022 to 2025, surpassing its initial target of $237 billion (200 billion euros) [8] - As of September, 82% of BNP Paribas' credit exposure to energy production, amounting to $45.5 billion (38.3 billion euros), was directed towards low carbon energy financing [8] - The investment in low carbon energies has grown over 37% in the past three years, showcasing the bank's ability to support client projects globally [8] Strategic Shifts - BNP Paribas Asset Management will cease investing in new bonds from companies focused on oil and gas exploration and production by the end of 2024, aligning with the bank's broader sustainability practices [6] - The bank has not financed oil projects since 2016 and has set ambitious goals to reduce oil and gas financing by over 30% and 80% respectively by 2030 [7] - BNP Paribas is fully committed to exiting investments in fossil fuels, including the development of new oil and gas fields [7]