Stocks and bonds are up sharply today after the Federal Reserve pivoted to rate cuts in 2024 as inflation eases 📈 As expected, the US central bank kept interest rates unchanged at 5.25-5.50%. However, it was the lack of pushback against growing investor expectations for 2024 rate cuts helped spark a massive rally in Treasuries and sent the Dow Jones Industrial Average to a record high. Updated quarterly forecasts showed Fed officials expect to lower rates by 75 basis points next year, a sharper pace of cuts than indicated in September. A tweak to the Fed’s post-meeting statement on Wednesday also highlighted the shift in tone, with officials noting they will monitor a range of data and developments to see if “any” additional policy firming is appropriate. That word was not present in the November statement. The Bank of England and European Central Bank are to follow today 👀 #federalreserve #jeromepowell #interestrates #stocks #yields #finance
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🔎 Career Insight: Devraj Bhattacharya, Flow Traders Head of Emerging Markets Trading in Asia In this exclusive podcast episode, we speak with Devraj Bhattacharya, Head of Emerging Markets Trading at Flow Traders in Hong Kong. From his unique journey transitioning from engineering to trading to the importance of technical skills and the collaborative culture at Flow Traders, Devraj shares invaluable insights on what makes a great trader. ▶ Looking for tips on breaking into trading? Devraj dives into the key characteristics they look for in candidates and offers advice for young professionals entering the fast-paced world of markets. 👉 Spotify https://lnkd.in/eZ6vvihP 👉 Apple https://lnkd.in/eM3AsEzy Whether you're exploring trading as a career or just curious about the industry, this episode is packed with insights you won’t want to miss! #FlowTraders #Trading #Career #Finance
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Universities worldwide are embracing AmplifyME University Pathways! The AmplifyME team has just wrapped up a series of launch events to celebrate the debut of Pathways, our innovative new platform. We developed it with one goal in mind: to equip students with immersive, practical experiences like no other, connecting them to early career opportunities in finance. From Hong Kong to Sheffield, Sydney to Newcastle, North Carolina to Barcelona, it’s been an exhilarating few weeks! Students were introduced to a termly programme of immersive, live, and on-demand finance and careers workshops, before getting their first taste of a simulation. ▶ 94% came away from this first experience with greater career clarity, motivating them to pursue the right path for themselves. A big thank you to our partners in both careers and faculty, your innovative approach to learning and employability is setting your students up for success! Newcastle University, The University of Sheffield, University of Exeter Business School, University of Bristol, The Hong Kong Polytechnic University, Macquarie University, The University of Hong Kong, City University of Hong Kong, Duke University, Esade, University of St Andrews, Technological University Dublin, Lancaster University Want to discuss your students’ employability? Book a demo with the team today https://lnkd.in/ezGpGJQT #Finance #PracticalLearning #Innovation
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Why Major Banks Like J.P. Morgan, Goldman Sachs & Morgan Stanley Are Issuing Billions in Corporate Bonds 👇 This week, top Wall Street banks are said to have issued over $19bn in investment-grade bonds. But what does this mean? Let's take a look. ▶ What Are Corporate Bonds? Corporate bonds are essentially loans companies take from investors. When firms like J.P.Morgan or Goldman need to raise capital, they can issue bonds instead of seeking bank loans. Investors purchase these bonds, effectively lending money to the company in exchange for periodic interest payments and the return of the bond’s face value at maturity. ▶Why Are Banks Issuing Bonds Now? After posting better-than-expected Q3 earnings, these banks are taking advantage of strong investor demand and tight credit spreads (the difference between bond yields and safer Treasury bonds). In simpler terms, they’re borrowing while it’s still cost-effective. JPMorgan issued $8bn, with investor orders reaching $34bn, much higher than expected. Goldman Sachs followed with a $5.5bn bond sale, capitalising on a 45% Q3 profit surge. Morgan Stanley issued $5.75bn, supported by a 32% profit increase and a robust trading performance. ▶What’s the Impact? By issuing bonds, these banks are securing low-cost funding to support operations, invest in new opportunities, or strengthen their balance sheets. The high demand also shows confidence in these institutions and their financial health. Corporate bonds like these illustrate how major firms strategically manage funding and leverage market conditions, a fundamental aspect of finance. #InvestmentBanks #FixedIncome #Finance
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LVMH, the World’s Largest Luxury Group, Faces 7% Drop Amid Economic Uncertainty Here's why that's important. The impact isn’t limited to LVMH; it reflects broader challenges facing the entire luxury sector and offers insights into the global economic landscape, especially in Asia. The breakdown: 📉 Slowing Consumer Demand: LVMH’s core fashion and leather goods segment, including top brands like Louis Vuitton and Christian Dior Couture, saw a 5% sales decline, the first drop since the 2020 pandemic. 🌏 Regional Impact: The biggest sales drop occurred in Asia (excluding Japan), down 16% as Chinese consumers reduced spending amid economic uncertainty. This is significant because Chinese shoppers have been major drivers of the luxury sector’s growth. ⚖ Mixed Results Across Markets: Sales in the U.S. remained flat, while growth in Japan, although still in double digits, slowed compared to earlier in the year. 🌊 Industry Ripple Effect: LVMH’s decline also impacted other luxury brands, with Kering and Dior shares down over 5%. However, Hermès showed resilience with its stock up nearly 10% this year, benefiting from its ultra-wealthy client base. Economic signals come from all places! Source: FT #fashion #luxury #finance
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Last night, our Head of Corporate Partnerships, Andrew Osayemi, had the privilege of speaking at Deutsche Bank’s Inspiring Black Future Leaders event. He shared his personal journey into finance and offered valuable advice to young Black students on navigating their career paths. Andrew emphasised the importance of: ✅ Clarifying your career goals early on ✅ Conducting thorough research into your desired roles ✅ Showing genuine interest in the companies you apply to ✅ Ensuring your skills and personality align with the role At AmplifyME, we’re committed to making finance more inclusive by offering practical, simulation-based learning and fast-track recruitment opportunities to students from all backgrounds. This #BlackHistoryMonth, we want to highlight some of the remarkable organizations we've partnered with that are amplifying Black voices and nurturing future leaders in finance: ✨ 10,000 Black Interns – Connecting talented Black students and graduates with valuable internship opportunities ✨ SEO London – Providing mentorship, training, and access to top careers for underrepresented communities ✨ WCAN – A social enterprise dedicated to the personal and professional development of Black women We’re proud to collaborate with these organisations in our shared mission. #Diversity #Inclusion #BlackHistoryMonth #FutureLeaders
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University of Bath Embeds AmplifyME M&A Simulation in New Investment Banking Module for Undergrads Our M&A simulation, delivered by Stephen Barnett, is now part of the University of Bath's investment banking curriculum for undergraduates! Feedback from students included standout reviews: 💬 “Best lecture I've ever had - very engaging and interactive!” Highlights: ➡️ 95% rated the session's delivery as exceptional ➡️ 92% would love more AmplifyME simulations in their university experience Excited to support the next generation of finance professionals! #InvestmentBanking #Finance #University
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🎙 The Deal Room: Mastering Your Finance CV & Cover Letter We’ve received a flood of questions about CVs, so instead of responding individually, we recorded a new podcast episode to cover everything you need to know! The episode is packed with valuable tips from our experience working with thousands of students and partnering directly with the finance firms that hire them. Here’s what you’ll learn: ✅ How to present your education effectively ✅ Strategies for managing poor A-level results ✅ Highlighting extracurricular activities ✅ Tailoring your CV to stand out ✅ Setting realistic expectations for roles ✅ Making the most of your work experience ✅ Positioning upcoming opportunities strategically ✅ Crafting the perfect cover letter ✅ Avoiding common cover letter mistakes ✅ Selling yourself with confidence Catch the full episode: 🎧 Spotify https://lnkd.in/ewP8826P 🎧 Apple https://lnkd.in/edP8Xsyz #Students #CV #CoverLetter #Applications #Finance
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Get Ready in 2 Minutes: Global Markets Interview Prep for the Upcoming Week 👇 📅 MONDAY China's deflationary issues deepened in September, as consumer prices remained sluggish and factory gate prices continued to decline, according to data released on Sunday. 📅 TUESDAY ZEW economic sentiment for Germany is forecasted to show a slight improvement from its lowest levels since October 2023 in September. UK Unemployment Rate is anticipated to remain stable at 4.1%, while wage growth is expected to slow down to 5% from 5.1% when excluding bonuses. Italy's budget is due by evening for the EU deadline, with Fitch and S&P set for potential updates after Friday's market close. Earnings are due from Citi, Bank of America, and Goldman Sachs. 📅 WEDNESDAY Economists anticipate that UK inflation data will have weakened in September to below the 2% target for the first time since April 2021. Bank of Canada will be watching for more cooling in core inflation in September’s data after the headline rate finally reached the 2% target in August. Earnings due from Morgan Stanley and semiconductor manufacturer ASML 📅 THURSDAY The European Central Bank is expected to deliver its third quarter-point reduction of this cycle, taking the deposit rate from 3.5% to 3.25%. US Retail Sales growth is anticipated to underscore resilient consumer spending habits. Earnings due from TSMC, the world’s largest contract chip manufacturer, will be watched for trends in global chip production and tech demand. 📅 FRIDAY Markets eagerly await Chinese growth figures that are likely to show the economy is still expanding below the 5% target for the year. This weekend, China promised new measures to support the property sector and hinted at greater government borrowing to shore up the economy. UK Retail Sales likely contracted 0.3%, following a 1% surge in August. Have a great week ahead! Sources: Bloomberg, Tradingeconomics, Earnings Whisper #markets #trading #investing #applications
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Is Gen Z ready for the workplace? Employers aren’t so sure. A recent survey found 75% of companies are disappointed with their Gen Z hires, citing lack of motivation, poor communication, and little real-world experience. Even more shocking? 6 in 10 have let recent grads go shortly after hiring! As Intelligent.com’s Chief Education Advisor, Huy NGUYEN TRIEU, put it: "Many college grads are unprepared for the less structured, more autonomous work environment they face." At AmplifyME, we’re here to change that. Our hands-on finance simulations help students and grads dive into real-world roles across markets, banking, and quant. We’re proud of the 120K+ students in our community who’ve already taken that step, gaining practical skills and exploring different paths to make sure they’re on the right track. And the best part? Our partnerships with leading financial institutions show it works - our students are landing jobs at some of the top firms in the industry. Get that practical experience now, and your future self will thank you. Register for our next Finance Accelerator via our website: https://lnkd.in/eryDfhmy Want to learn how we support universities and financial institutions? Get in touch with the team today. #EarlyCareers #Finance #PracticalLearning
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🎙 The Trading Floor: Is Germany the "Sick Man" of Europe? Anthony Cheung and Piers Curran dive into Germany’s recession fears as the government slashes its GDP forecast for 2024, signaling ongoing struggles in Europe’s powerhouse. They also connect the dots to the latest US CPI data, highlighting the growing gap in monetary policies between the Fed and ECB. Don’t miss this deep dive into the markets and prepare for upcoming interviews! 👉 Spotify https://lnkd.in/eE8HVRG7 👉 Apple https://lnkd.in/enJu9ZG4 #markets #interviewprep #applications #trading #assetmanagement
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Payment and Settlement Analyst @ GTBank UK | Master's in International Business |FX Operations Specialist
10moIt is also worth noting that the sterling also rallied against the $ today, amid MPC holding rates following strong signal CPI is falling sharply.