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The Indian rupee has fallen past 84 to the dollar, reaching a record low, driven by rising oil prices and capital outflows towards China. Analysts from Barclays Plc, QuantEco Research, and Kotak Mahindra Bank Ltd. predict a continued decline, with targets set between 84.25 and 84.50 per dollar.
Shein is preparing for a potential £50 billion IPO on the London Stock Exchange, with Barclays and UBS as advisors. However, the company faces challenges, including regulatory approvals in China and the UK, and scrutiny over its supply chain ethics. British Prime Minister Keir Starmer emphasized that all companies seeking to list in London will undergo labor rights checks.
Lazard has appointed Will Thompson as Managing Director of Healthcare Services, effective November 4, 2024, based in London. Thompson, who previously worked at Lazard from 1998 to 2004, joins from Barclays, enhancing Lazard's healthcare advisory capabilities alongside recent hire Michele Colocci. The firm has seen significant growth in its healthcare business, advising on over $245 billion in transactions since 2020.
Major brokerages, including Goldman Sachs and JPMorgan, anticipate a quarter-point rate cut from the European Central Bank at its Oct. 17 meeting, driven by recent economic data indicating weakness and slowing inflation. Market expectations now reflect a 90% chance of this cut, following reductions in June and September. Euro zone inflation fell below 2% for the first time since mid-2021, while business activity contracted sharply in September, prompting policymakers to prioritize growth over price pressures.
Wall Street's major banks are divided on the pace and depth of Federal Reserve interest rate cuts, following a surprise half-point reduction. Goldman Sachs anticipates quarter-point cuts at each meeting until June, while JPMorgan forecasts another half-point cut in November, contingent on labor market conditions. Other banks, including Bank of America and Citigroup, predict additional cuts totaling 75 basis points this year, with varying expectations for 2025.
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indian rupee declines amid rising oil prices and shifting investment trends
04:40 22.10.2024
Shein prepares for potential 50 billion pound IPO in London
14:36 16.10.2024
Lazard appoints Will Thompson as managing director of healthcare services
British Pound Sterling
Lazard, Inc.
Close Brothers Group plc
Barclays PLC
UBS SA
Morgan Stanley
GBR
Will Thompson
David Gluckman
Michele Colocci
Jean-Louis Girodolle
Cyrus Kapadia
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16:06 15.10.2024
major banks predict european central bank rate cut in october
Euro
JPMorgan Chase & Co.
RBC Canadian Bond Index ETF
HSBC Holdings plc
Barclays PLC
BNP Paribas SA
Amanda Cooper
JPMorgan
Alun John
Goldman Sachs
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09:00 27.09.2024
big banks divided on pace of federal reserve interest rate cuts
United States Dollar
JPMorgan Chase & Co.
The Goldman Sachs Group, Inc.
Barclays PLC
Deutsche Bank Aktiengesellschaft
Bank of America Corporation
Citigroup Inc.
USA
Alex Cohen
Marc Giannoni
Aditya Bhave
Mark Cabana
Matthew Luzzetti
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09:00 19.09.2024
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