Well, I think there's definitely good momentum across uh you know across the investment banking uh you know business Carl and and you know IPOs and equity capital markets is one of them as you know the the the you know IPOs can or the the sentiment around sort of IPOs can come and go pretty quickly but but I think you've certainly seen some momentum given some of the performance of some of the IPOs that have come out uh mo most recently and as the as the you know the market continues to do well and volatili ...

And here on set to discuss where he sees the markets going, Jay Woods is the chief global strategist at Freedom Capital Markets. And with us also to break down the bank earnings in particular is Dory Wy the CEO of Commerce Street Holdings. Dory, just first to you, Wells Fargo. What happened? Well, you know, Wells Fargo doesn't have the robust in investment banking structure JP Morgan does. So, unfortunately, it got compared to them, but other than that, it had a pretty good quarter. you know, mortgage press ...

Ernest HoffmanErnest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations. Ernest began working in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada, where he developed the fastest web-based audio news service in the world and produced economic news videos in partnership with MSN and the TMX. He has a Bachelor's degree Specialization in ...

What is the Nvidia news and also you see that the stock just kind of popping right now. What does that say to you about the AI and the tech trade. US exceptionalism is still ontact and I think that the emphasis on AI infrastructure and investment that's continuing.Obviously, they got good news from the president. They're able to sell their chips in China. So, that's good news for Nvidia.But I think the AI space in general you there was news also yesterday with Meta uh investing in their data center you know ...

July 14, 2025 08:49 AM GMT Global Macro Strategist Unsustainable Unsustainability Analyzing debt sustainability in an investor-less vacuum amounts to debt stabilization analysis relying on hard-to-forecast variables. Most research reduces debt sustainability into 1 or 2 dimensions, despite a 3-dimensional investment landscape with investors that try playing 4-dimensional chess. Key Takeaways Please add me to your distribution list. Must reads from Global Macro Strategy Japan Rates Strategy: Guidebook of the ...

July 14, 2025 12:25 PM GMT Morgan Stanley Research Global Tariffs Are Back – Implications to the Economy and Markets July 14, 2025 Vishwanath Tirupattur – Chief Fixed Income Strategist | Strategist Diego Anzoategui – US Economist Michael Zezas – Global Head of Fixed Income Research | Strategist Michael Wilson – Chief Investment Officer and Chief US Equity Strategist | Equity Strategist MORGAN STANLEY & CO. LLC Morgan Stanley Global Macro Forum Chetan Ahya – Chief Asia Economist MORGAN STANLEY ASIA LIMITED+ ...

Investment Rating - The report indicates a positive outlook on China's trade growth, with exports and imports both showing unexpected increases in June [1][9][10]. Core Insights - China's trade growth accelerated in June, with exports rising by 5.8% year-over-year (yoy) and imports increasing by 1.1% yoy, surpassing consensus expectations [1][2][9]. - The rebound in US-bound exports is a significant factor, attributed to tariff reductions following US-China trade talks [1][9]. - The trade surplus reached a record high of US$114.8 billion in June, up from US$103.2 billion in May [1][3][9]. Summary by Sections Trade Growth - Year-over-year, exports increased by 5.8% in June compared to 4.8% in May, while imports rose by 1.1% compared to a decline of 3.4% in May [2][9]. - Sequentially, exports grew by 0.8% non-annualized in June, recovering from a decline of 0.7% in May, and imports increased by 0.9% non-annualized, up from a 6.0% decline in May [2][9]. Regional Analysis - Exports to the US rebounded significantly, while exports to the EU and some emerging markets declined [10]. - Chinese imports from the US saw the largest increase in June, while imports from Latin America and ASEAN fell [10]. Product Categories - Export values for automobiles and housing-related products rose, with automobile exports jumping by 23.1% yoy in June [11]. - Import values for energy goods and metal ores increased, although imports of semiconductors, automobiles, and agricultural products declined notably [12].

Core Viewpoint - The article discusses the evolution of the international monetary system, emphasizing the dual anchors of the US dollar: the "legal anchor" based on national credit and the "functional anchor" provided by its robust financial markets, which have allowed the dollar to maintain and even strengthen its global position despite various crises [1][2]. Group 1: Sovereign Currency Anchor - The evolution of currency forms has transitioned from commodity-based (gold and silver) to credit-based systems, with modern fiat currencies relying on national credit as their "legal anchor" [4][7]. - The modern fiat currency's essence is a special debt backed by national sovereignty, which requires public trust in its value and stability [8]. Group 2: International Currency Anchor - The international monetary system relies on a dual anchoring mechanism, where the "legal anchor" is supported by national credit, while the "functional anchor" is established through a strong financial market that provides stability and liquidity [9][10]. - The US dollar's global dominance is attributed to its extensive and efficient financial market, which supports a vast array of transactions and serves as a safe haven for global capital [10][14]. Group 3: Historical Validation of the Dollar's Functional Anchor - The dollar's international status was solidified through historical events, including the establishment of the Bretton Woods system and the subsequent oil dollar mechanism, which reinforced its role as a global reserve currency [19][24]. - The 2008 financial crisis highlighted the dollar's position as the "ultimate safe asset," as global capital flowed into US markets despite the crisis originating in the US [28][30]. Group 4: Implications for the Renminbi - The current shift in the international monetary system presents a strategic opportunity for the internationalization of the Renminbi, as the weakening of the dollar's dominance creates a window for alternative currencies [37][41]. - The article suggests that building a strong financial market and strategically planning for international currency status are crucial for the Renminbi's future [39][40].

伦敦, July 15, 2025 (GLOBE NEWSWIRE) -- Emerging Markets Global Advisory LLP (EMGA) 今日宣布为其巴西长期客户 BTG Pactual 获得另一笔 1.6 亿美元的债务融资。 这笔 1.6 亿美元的 7 年期优先无担保贷款由 AIIB（亚洲基础设施投资银行）提供，此前不久，EMGA 还为 BTG 促成了几笔累计金额达 11 亿美元的融资交易。 EMGA 董事总经理兼投资银行业务主管 Sajeev Chakkalakal 表示：“这项融资再次证明了我们与 BTG 长期以来的良好合作关系。 还进一步促进了 BTG 在水务和卫生领域的投资增长，从而巩固了 BTG 作为巴西 ESG 投资领域领先银行之一的地位。 此外，我们也很高兴能与 AIIB 合作，以多边开发性金融机构 (DFI) 领头羊的身份参与 AIIB 与巴西私营银行之间达成的最大一笔交易。” EMGA 董事总经理兼运营主管 Jeremy Dobson 补充道：“本次交易是我司与 AIIB 之间达成的首次交易，我们十分期待在未来与 AIIB 继续共事。 迄今为止，EMGA 已为巴西 ...

金十数据7月14日讯，高盛指出，各国央行和其他机构在今年1月至5月期间，平均每月买入约77吨黄 金。高盛仍然预计未来几个季度金价将创下新高。高盛还指出，基金的黄金净头寸已从4月的高位回 落，这为黄金ETF以及央行继续买入提供了"更具结构性的空间"。高盛分析师仍然预计金价到2025年底 达到每盎司3700美元，到2026年年中升至4000美元，并重申"长期做多黄金"的投资建议。 订阅黄金市场动态 +订阅 高盛：各国央行买入黄金热情不减 预计明年年中金价升至4000美元 ...