Bank of America analysts said in the report that more money will flow into euro investment-grade bonds in 2024 than into government bonds and equities. BofA said the trend is underpinned by increased demand for higher yields as interest rate cuts lead to lower government bond yields. "With interest rates falling further in 2025, we believe that inflows into investment-grade bonds will continue to increase and will also outpace inflows into other'risk-free 'assets."
Silver medium-term is expected to usher in a round of outbreaks, which has become increasingly widely expected; financial blog Zero Hedge analysts pointed out that multiple angles show that extreme speculative sentiment in U.S. stocks has returned.
OPEC raised its medium-term to 2028 and long-term global oil demand forecasts to 2045 in its World Oil Outlook 2024.
The investment firms of George Soros and Stanley Druckenmiller cut their holdings in the tech "Big Seven" long before this year's booming tech rally turned into a sharp decline in mid-July. Soros Fund Management sold some of its Alphabet holdings totaling $58 million, and about $15 million in Amazon stock, according to regulatory filings in the three months to June. Druckenmiller was one of the investors who sold off Nvidia. Enthusiasm for artificial intelligence companies has accompanied the ch...
Jefferies economist Mohit Kumar said in a report that money markets' recent sharp repricing of the Fed's rate cuts - up to 125 basis points this year, before falling back on Tuesday - was an overreaction and did not reflect fundamentals. Jefferies does not expect the Fed to cut rates by 50 basis points in September, nor by 100 basis points or more this year, "despite aggressive moves, we do not think fundamentals have changed much". Jefferies expects money market pricing to be cut.
According to official news, the Uniswap Treasury Working Group (UTWG) has released a mid-term update to share work progress and provide visibility into some of the topics the team is actively exploring. The UTWG was established to address the instability and underutilization of the Uniswap Treasury. Its scope is to research and provide multiple options in DAO treasury management strategies, ensuring the long-term sustainability and growth of the agreement. This work is designed to help the DAO s...
After completing a $5.50 million funding round in mid-June, click-and-fight Telegram ecosystem game Pixelverse announced that it will launch PIXFI tokens on TON with a total supply of 5 billion. According to official documents, PIXFI tokens will be used for trading, crafting, and game battles in the Pixelverse ecosystem. TON and Telegram are paving the way for mass adoption of cryptocurrencies, Pixelverse said in the announcement. The token will adopt a deflationary economic model. Mechanisms re...