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Stocks Rally and Bond Yields Slide as Fed Signals Rate Cuts in 2024

The New York Times: Banking

The Fed’s rate increases since March 2022 have sent shock waves through financial markets, raising borrowing costs on things like mortgages and government debt and weighing on the stock market.

Stock 139
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The Rise of Hedge Funds: Exploring Their Impact on Financial Markets

OfficeHours

Hedge funds are significant players in financial markets given the size of their capital bases and the frequency of their trading. It’s important to note that hedge fund activity in financial markets can have a significant impact on stock prices and market volatility, even if hedge funds do not control the majority of the volume.

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Scott Bessent Helped ‘Break’ the Bank of England. Now He’ll Run the U.S. Treasury.

The New York Times: Banking

Scott Bessent’s former colleagues and rivals see the prospective Treasury secretary as a thoughtful choice with a broad understanding of financial markets.

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RBI not planning to issue norms to regulate social media influencers

Business Standard - FInance

The Reserve Bank is not planning to issue any separate norms to regulate social media influencers pedalling their personal views on the financial markets since sector watchdog Sebi is already on it. Social media influencers peddle personal views or those paying them on financial markets or stocks.

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Wood Group suitor pulls out of takeover, blaming market turmoil

The Guardian: Mergers & Acquisitions

Shares in FTSE 250 company slump 37% in early trading after Dubai-based Sidara cites geopolitical risk The share price of the British oil services company John Wood Group has plunged by more than a third after a Dubai-based suitor pulled out of a purchase amid global market turmoil. Continue reading.

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Qatar’s Edaa postpones T+2 switch until March

The TRADE

The Qatari CSD Edaa has postponed the reduction of the settlement period from T+3 to T+2 until March 2024, in coordination with the Qatar Financial Market Authority (QFMA). Sheikh Saif bin Abdullah Al-Thani, CEO of Edaa, indicated that the deadline was granted so that market participants, financial intermediaries and custodians could update their (..)

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LSEG expands AWS existing relationship with cloud collaboration

The TRADE

The London Stock Exchange (LSEG) has named Amazon Web Services (AWS) as its preferred cloud provider for its markets, risk intelligence and FTSE Russell divisions, building on the two companies existing relationship.