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Breaking news and analysis on global financial markets ( feed imported by https://press.coop )
CoinShares Completes Purchase of Valkyrie ETF Jean-Marie Mognetti, CoinShares CEO, talks about buying the Valkyrie ETF business. Mognetti talks about becoming a global player in the ETF space. He's on "Bloomberg Crypto." (Source: Bloomberg) #press image
BTV Guests React to February CPI Report Underlying US inflation topped forecasts for a second month in February as prices jumped for used cars, air travel and clothes, reinforcing the Fed's cautious approach to cutting interest rates. BTV guests weigh in on the latest data. (Source: Bloomberg) #press image
Putin Voices Support for OPEC+ Oil Cuts Yet Warns of Risks Russia’s oil-production cuts made in cooperation with OPEC partners have supported the nation’s revenue yet may result in a loss of the market share, said President Vladimir Putin. #press image
Romanian President Confirms Bid to Become Next NATO Leader Romanian President Klaus Iohannis confirmed his bid to take over as the next North Atlantic Treaty Organization chief, saying the military alliance needs a “fresh perspective” with leadership from its eastern flank. #press image
Goldman Says European Real Estate Valuations Nearing Bottom European commercial real estate valuations are close to a bottom after a slump driven by worries about interest rates and the economy, according to analysts at Goldman Sachs Group Inc. #press image
Stock Market Is Ripe for a Correction, Ariel Investments’ Rogers Says The stock market is ripe for a correction with the Magnificent Seven-fueled rally significantly overdone, according to Ariel Investments’ founder John Rogers Jr., who correctly forecast the US avoiding a recession in 2023 and the market’s buoyant rally. #press image
ADM Incentive Plan Levels Hold Even After Restatements, CEO Says The compensation packages awarded to Archer-Daniels-Midland Co. executives that were closely tied to the performance of the nutrition division still stand, even after the company announced on Tuesday several years of internal earnings adjustments following a financial probe. #press image
Morgan Stanley’s Wilson Sees No Reason to Raise S&P 500 Target As a flurry of Wall Street forecasters bump up their optimism toward US stocks in lockstep, Morgan Stanley’s Mike Wilson won’t budge, arguing he sees no justification to upgrade his outlook given an absence of broad earnings growth. #press image
Angola Plans Foreign-Currency Bond Sale to Boost FX Liquidity Angola’s government is preparing the sale of foreign currency bonds as the oil-producing nation tries to increase the supply of dollars in the economy and ease the pressure on the local currency, the kwanza. #press image
Ex-Wall Street Banker Takes On AOC in New York Democratic Primary A Wall Street veteran is mounting a long-shot challenge to US Representative Alexandria Ocasio-Cortez in New York’s June 25 Democratic primary, marking the first intra-party battle she’s faced in four years. #press image
Morgan Stanley's Wilson: Be a Stock Picker Now Morgan Stanley equity strategist Mike Wilson says it's time to be a stock picker. He says the recent rally has been driven by loose financial conditions and extreme liquidity. Wilson says on "Bloomberg Surveillance" that he's not willing to raise his US stock market outlook. (Source: Bloomberg) #press image
CPI Report Won’t Alarm the Fed, JPMorgan’s Kelly Says JPMorgan Asset Management Chief Global Strategist David Kelly says US inflation is cooling but cooling very slowly. The core consumer price index, which excludes food and energy costs, increased 0.4% from January, according to government data. #press image
NYCB Closes Deal With Mnuchin-Led Investors for Capital Infusion New York Community Bancorp Inc. completed a deal to raise more than $1 billion of capital through an equity investment by backers led by former US Treasury Secretary Steven Mnuchin. #press image
SAP, Siemens Energy Mask Sagging German Earnings Investors glancing at Germany’s benchmark DAX Index, hovering near a record high reached earlier in March, might be forgiven for thinking companies in Europe’s largest economy are firing on all pistons. #press image
Argentina Hinders Debt Swap by Not Offering Puts on Peso Bonds Argentina’s central bank isn’t offering put options for peso bonds the government is selling this week in a record debt swap, a move that’s discouraged private banks from participating in the deal, according to two people with direct knowledge. #press image