ICYMI:BSCN (@BSCNews):PNC BANK BECOMES FIRST MAJOR US BANK TO ALLOW SPOT BITCOIN TRADING WITH COINBASE- Coinbase and PNC Bank have launched a feature that lets PNC Private Bank clients trade Bitcoin inside their regular banking accounts. This is the first time a major US bank has allowed direct spot https://t.co/VopVpsmLeE ...

All right, options traders pricing in a 1% move on the S&P tomorrow. That seems like complacency. Why such a It seems like kind of a muted move even though the markets have been muted over the last few weeks.>> Yeah. Well, actually, uh, if you look at kind of the statistics on daily moves on the day of the FOMC announcement, over the last four or five announcements, it's actually been incredibly muted. Um, you know, we've been seeing average uh absolute moves of under three 30 to 40 basis points.So the fact ...

Summary of Key Points from J.P. Morgan Global Data Watch Industry Overview - The report discusses the global economy, highlighting a growth trajectory that is above potential, with GDP expected to exceed forecasts in the upcoming quarter [1][2]. Core Insights and Arguments - **Economic Growth vs. Labor Market**: There is a noted tension between strong output growth and soft labor markets, which is unsustainable without either increased hiring or a slowdown in growth [1]. The expectation is for a rebound in hiring, supported by consumer spending and fiscal/monetary policies, leading to a more balanced economic expansion in the first half of 2026 [1]. - **Global Composite PMI**: The J.P. Morgan global composite PMI indicates a potential annualized GDP growth of nearly 3%, which is over a percentage point stronger than previous projections [2]. The manufacturing PMI suggests a 1.3% annual rise in global industry, with a positive trend in orders relative to inventories [2]. - **Business Spending**: Mixed signals are present regarding business spending, with U.S. Fed regional surveys showing an uptick in capital expenditure, while the global investment goods PMI fell below the neutral mark [3]. This has led to a stall in the global capex nowcaster for the first time since the beginning of the year [3]. - **Employment Trends**: The global employment PMI has decreased, indicating weak job growth, particularly in the U.S., where a significant drop in private hiring was reported [10]. However, a decrease in unemployment insurance claims is a positive sign [10]. - **Consumer Spending**: Real consumer spending in the U.S. was softer than expected, with a flat report for September and a downward revision for August [11]. Despite this, there were rebounds in Chase card data and auto sales in October and November, indicating some resilience [11]. - **Central Bank Policies**: The report anticipates a variety of outcomes from central banks as the global easing cycle concludes. Expectations include one rate hike, eight cuts, and twelve holds by year-end [13]. The Fed is expected to signal a cautious approach to future cuts, while the Bank of Japan is anticipated to hike rates due to fiscal policy changes [16]. Additional Important Insights - **Euro Area Resilience**: The Euro area shows signs of resilience, with upward revisions to PMI and GDP growth, indicating a growth rate of 1.6% annualized [18]. Despite trade war impacts, fiscal easing in Germany is expected to bolster growth [18]. - **China's Economic Signals**: China's PMIs suggest a year-end recovery, with positive signals from new export orders and construction PMIs, although services have softened [21]. The forecast for GDP growth in Q4 is 3.0% quarter-over-quarter [21]. - **Trade Agreements**: The status of the USMCA renewal is uncertain, with potential delays in legislative approval until 2027, despite expectations for a preliminary agreement [23]. This summary encapsulates the key points from the J.P. Morgan Global Data Watch, focusing on the global economic outlook, labor market dynamics, consumer spending trends, and central bank policies, while also highlighting regional insights and trade considerations.

Core Insights - The development of inclusive finance in China has been steadily advancing since the issuance of the "Plan for Promoting the Development of Inclusive Finance (2016-2020)" in 2015, with significant improvements in financial service coverage and quality [1] Timeline of Development - In 2015, the "Plan for Promoting the Development of Inclusive Finance (2016-2020)" was issued [3] - In 2016, the G20 Hangzhou Summit adopted the "G20 High-Level Principles for Digital Inclusive Finance" [3] - In 2017, the Fifth National Financial Work Conference emphasized the need to build an inclusive financial system [3] - In 2019, the Fourth Plenary Session of the 19th Central Committee of the Communist Party of China stressed the importance of a modern financial system that is highly adaptable, competitive, and inclusive [3] - In 2020, the People's Bank of China established support tools for small and micro enterprises [3] - In 2023, the State Council issued "Implementation Opinions on Promoting High-Quality Development of Inclusive Finance" [3] - In 2024, the Financial Regulatory Administration released a notice to improve financial services for small and micro enterprises [3] - In 2025, the Financial Regulatory Administration and the People's Bank of China will issue an implementation plan for high-quality development in the banking and insurance sectors [3] Key Indicator Analysis - The number of bank accounts and digital payment transactions has shown growth, with electronic payment transactions reaching 339.53 trillion yuan in 2024, a year-on-year increase of 1.86% [5] - The balance of inclusive small and micro enterprise loans reached 36.5 trillion yuan in 2024, up from 32.58 trillion yuan in 2023, reflecting a growth of 6% [10] - The balance of loans for technology-based small and medium enterprises reached 3.27 trillion yuan, with a year-on-year increase of 21.2%, outpacing the growth rate of other loans by 14 percentage points [11] - The balance of consumer loans, excluding personal housing loans, was 21.29 trillion yuan in 2024, compared to 20.43 trillion yuan in 2023 [9] Accessibility Dimension - By the end of 2024, there will be an average of three bank outlets per township, with a coverage rate of 97.9% for insurance services [14][15] - There are 59.28 million rural cash withdrawal service points, with rural payment transactions reaching 3.99 billion [17] Quality Dimension - 67.4% of respondents recognize that high returns on financial products often imply high risks, indicating a more rational attitude towards financial product investments [18] - The total credit amount reached 22.9 trillion yuan by the end of 2024, with a year-on-year growth of 1% [19]

1 截至2024年末，全国65岁及以上的老年人口22023万人，占总人口的15.6%，已进入深度老龄化阶段。 个人养老金发展现状 为应对我国老龄化加速演进带来的挑战，早在2022年国务院办公厅印发《关于推动个人养老金发展的意见》，正式确立个人养老金制度作为养老保险体 系"第三支柱"的核心地位，通过"政府税收优惠+个人自愿参与+市场化专业运营"的模式，填补养老保障体系的短板。 2022年11月，个人养老金制度率先在36个城市（地区）启动试点，2024年12月正式向全国范围内推开。 据人力资源和社会保障部最新数据，当前全国个人养老金开户人数已突破7000万户，参与热情持续升温。产品供给端同样呈现多元化扩容态势。 截至目前，全国个人养老金产品目录内在售产品共计926只，涵盖四大核心类型：储蓄类产品466只，以国有大行和股份制银行的专属定期存款、大额存 单为主。 保险类产品118只，包括专属商业养老保险、分红型养老保险等。 正文： 基金类产品305只，是"养老专属版"，购买费率有折扣、且可享受税收优惠，涵盖权益类、混合类、债券类等多种类型。 理财类产品37只，以低风险的固定收益类产品为主，形成了"稳健为主、多元互补" ...

Group 1 - The article discusses the expertise of Sensor Unlimited, who has a PhD in financial economics and has been covering the mortgage market, commercial market, and banking industry for the past decade [2] - Sensor Unlimited focuses on asset allocation and ETFs related to the overall market, bonds, banking and financial sectors, and housing markets [2] - The investing group Envision Early Retirement, led by Sensor Unlimited, offers solutions for generating high income and growth with isolated risks through dynamic asset allocation [2] Group 2 - Envision Early Retirement features two model portfolios: one for short-term survival/withdrawal and another for aggressive long-term growth [2] - The group provides direct access via chat for discussing ideas, monthly updates on all holdings, tax discussions, and ticker critiques by request [2]

随着主要发达市场国债收益率走高，投资者正重新评估通胀风险及特朗普及贸易战背景下的全球增长前景。这表明，去年启动的、曾推动全球股 市创下历史新高的宽松周期可能正步入尾声，市场焦点已转向各国激增的公共债务和更为顽固的通胀压力。 全球长债收益率已重返2009年以来最高水平，这一显著转变标志着市场对各国央行放松货币政策周期即将终结的共识日益增强。 在美联储备受瞩目的政策会议召开前几小时，债市并未如期上涨。尽管市场普遍预计美联储将连续第三次降息，但投资者正基于对长期通胀、财 政赤字及未来货币政策独立性的担忧抛售债券，推动30年期美债收益率重回多月高位，10年期美债收益率亦徘徊在9月以来的最高水平。 市场的重新定价已波及全球，交易员目前押注欧洲央行几乎不再有降息空间，同时预计日本央行本月加息几成定局，澳大利亚央行明年将加息两 次。据彭博数据显示，衡量全球长期政府债券的一项指标已回升至16年高点，澳大利亚和欧洲多国的长债收益率近期均大幅飙升。 "失望交易"在全球蔓延 随着投资者逐渐意识到各大央行的降息周期可能即将结束，一场"失望交易"（disappointment trade）正在多个发达市场展开。PGIM Fixed I ...

LATEST: 🏦 PNC Bank has launched spot Bitcoin trading for PNC Private Bank clients directly within its digital banking platform, making it the first major US bank to do so. https://t.co/tSxSYLRJy2 ...

PNC BANK BECOMES FIRST MAJOR US BANK TO ALLOW SPOT BITCOIN TRADING WITH COINBASE- Coinbase and PNC Bank have launched a feature that lets PNC Private Bank clients trade Bitcoin inside their regular banking accounts. This is the first time a major US bank has allowed direct spot Bitcoin trading within its own platform.What Changed- PNC’s high-net-worth clients can now buy, sell, and hold Bitcoin through the bank’s digital portal.- They do not need to open an exchange account or move funds across services. Th ...

ABU DHABI/SINGAPORE, Dec 10 - Asian investors are piling into Gulf bonds and loans this year, reflecting both deepening trade and finance ties with the fast-growing region and an uncertain outlook elsewhere, including the world's top two economies, the United States and China. Bond issuance in ​the Middle East and North Africa region jumped 20% year-on-year to $126 billion in the first nine months of this year, according to LSEG data, ‌with full-year records in sight both for the region and broader emergi ...