Exchange Market – Spectacles 17E 18E http://spectacles17e18e.org/ Sun, 26 Sep 2021 01:36:38 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 http://spectacles17e18e.org/wp-content/uploads/2021/07/icon-4-150x150.png Exchange Market – Spectacles 17E 18E http://spectacles17e18e.org/ 32 32 Markets rally as Evergrande approaches default: it’s like an ‘old-fashioned sniff of glue’ http://spectacles17e18e.org/markets-rally-as-evergrande-approaches-default-its-like-an-old-fashioned-sniff-of-glue/ http://spectacles17e18e.org/markets-rally-as-evergrande-approaches-default-its-like-an-old-fashioned-sniff-of-glue/#respond Sat, 25 Sep 2021 23:30:22 +0000 http://spectacles17e18e.org/markets-rally-as-evergrande-approaches-default-its-like-an-old-fashioned-sniff-of-glue/ Why are investors so relaxed right now? Last Monday, the Australian stock market had its worst trading day since February. Chinese real estate giant Evergrande was feared to explode, with debts totaling more than $ 400 billion, and cause an economic crisis in the world’s second-largest economy. However, by Friday the market had recovered most […]]]>

Why are investors so relaxed right now?

Last Monday, the Australian stock market had its worst trading day since February.

Chinese real estate giant Evergrande was feared to explode, with debts totaling more than $ 400 billion, and cause an economic crisis in the world’s second-largest economy.

However, by Friday the market had recovered most of its losses.

It doesn’t matter that Evergrande didn’t fix his debt problems, or that he missed a coupon payment to bondholders on Thursday.

The markets even rallied on Thursday.

So what is going on?

The big relaunch!

Michael Every, Rabobank’s global strategist, asked himself the same question on Friday.

In his daily note, he put Evergrande’s situation on a long list of other events that you think would be detrimental optimism, but which are not.

Apparently, the “stimulus trade” momentum – which has driven global equity markets up since the 2020 lockdowns ended – is still too powerful.

Real estate prices are skyrocketing around the world. Supply chains are under intense pressure. Labor markets are not in the best condition. The virus is still ravaging some economies.

But the stock markets are still boiling.

“As we all know, markets can stay irrational longer than you can stay solvent, and they are encouraged to do so when monetary and fiscal authorities encourage them to sniff solvency,” Every wrote on Friday.

“However, the ‘reflation! Yesterday! trade appears to be sniffing old-fashioned glue without any help from central banks or governments. “

He said that as a group of central banks began to talk about gradually raising interest rates and cutting their bond purchases, the People’s Bank of China (PBOC) was playing the “usual game” last week. with net injections of cash like the wall The Street Journal reported that local Chinese governments have been ordered to prepare for the failure of Evergrande.

Would this news have been enough to scare investors? Apparently not.

“This is seen as bullish by some because it means China is proactive,” Every wrote.

“Here again, the company is ‘saved’ by being split into three and nationalized, another story that circulates, which involves losses for holders of bonds and shares, and a new economic model.

“We know the supposed answer, but do we know the unintended impact on the exchange rate? It’s not reflationary – at least outside of China.”

He also questioned the lack of information from China on Thursday regarding Evergrande’s creditworthiness.

Was the silence a worrying sign? Apparently not.

“No one appears to own Evergrande foreign debt which could now be in default after missing a coupon yesterday and starting a 30-day grace period countdown. Anybody. The company clearly sold all of these bonds, ”he wrote.

“And Chinese dollar bond issuers rated as garbage were already back in the market yesterday as ‘Evergrande to fail’ stock grabbed the headlines even real estate developers rated for garbage.”

So, are the markets just getting a short-term respite before reality hits?

A little calm required

At the end of Mr. Every sardonic note, you get the feeling that we should all get attached.

However, AMP Capital’s chief investment officer, Shane Oliver, in his weekly market review on Friday, said that while short-term correction risks remained, a disorderly default and liquidation of Evergrande were unlikely.

While the Chinese authorities “want to teach real estate developers and investors a lesson” about the dangers of excessive debt, he said, it is “very unlikely” that they will allow the failure of Evergrande to turn into a major credit crunch that would result in other real estate developers. and ultimately collapse the real estate sector and the economy.

He listed four reasons why a disorderly default was unlikely:

  • The Chinese government cannot allow a collapse in house prices as it would destroy much of Chinese household wealth
  • Chinese economy and real estate collapse following pandemic could trigger resurgence of social unrest
  • A collapse in housing construction would run counter to the government’s desire to make housing more affordable
  • Chinese authorities have seen the damage that occurred after Lehman Brothers was allowed to go bankrupt in the global financial crisis, and they “will have learned the lessons.”

Dr Oliver said the “resolution” of Evergrande’s debt payments due Thursday last week, and the relative calm in China’s own debt markets thereafter, were “possible signs” that authorities were working on a restructuring.

In any case, it was enough to see Evergrande’s fears fade by the weekend.

A little more perspective

Earlier last week, analysts at Barclays in Hong Kong were among the crowd saying that Evergrande’s problems are unlikely to turn into a Lehman-style event.

They said Chinese authorities have been monitoring the Evergrande situation and have been doing so for months.

The banking system’s exposure to the real estate sector, they said, has been steadily declining since the Chinese government’s deleveraging campaign five years ago, with loans to the real estate sector falling from 37% in 2016 to 26% in 2021.

Instead, they said, the risks were higher due to a correction in house prices spilling over to other sectors of the Chinese economy.

Reuters reported that Evergrande had 800 projects under construction. Of these, 500 have been put on hold and another 300 projects are at risk of being put on hold due to lack of funds to pay suppliers and workers.

According to analysts at Barclays, the baseline scenario of what could happen in China was for a visible slowdown in the housing market over the next two quarters, with real estate investment slowing to around 0%.

And, given the weakening of investment, there could be spillover effects in other sectors.

“We believe that steel, cement and other building materials would be affected by the cooling of the Chinese real estate sector,” they said.

“Along with China, the construction sector directly accounts for almost half of all steel consumption.

“We expect spillover effects on raw material imports, as the real estate sector – as well as infrastructure investments – consumes a large part of imported raw materials.

“Major commodity imports – like iron ore, copper – have weakened this year after peaking in mid-2020.

Should investors stay calm?

However, looking at the larger world situation last week, Mr Every was not really convinced the authorities had a grip on things.

After looking at the problems of global supply chains and the number of central bank money impressions around the world, he wondered if anyone was properly assessing risk or if investors were fond of adhesives.

“When supply chains were collapsing and the job market wasn’t doing as much work.

“It takes a LOT of glue to hold this kind of number together, trust me, ”he concluded.

He could have said the same about the Australian real estate market.


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What will it take to rock this Teflon stock market? Here’s how to invest, in the meantime. http://spectacles17e18e.org/what-will-it-take-to-rock-this-teflon-stock-market-heres-how-to-invest-in-the-meantime/ http://spectacles17e18e.org/what-will-it-take-to-rock-this-teflon-stock-market-heres-how-to-invest-in-the-meantime/#respond Sat, 25 Sep 2021 12:01:00 +0000 http://spectacles17e18e.org/what-will-it-take-to-rock-this-teflon-stock-market-heres-how-to-invest-in-the-meantime/ What will it take to derail the US stock market? After the prospect of a collapse for a giant Chinese real estate developer struggling with some $ 300 billion in debt, the blue chips recorded their worst one-day drop in two months on Monday and the Federal Reserve confirmed on Wednesday that it would soon […]]]>

What will it take to derail the US stock market?

After the prospect of a collapse for a giant Chinese real estate developer struggling with some $ 300 billion in debt, the blue chips recorded their worst one-day drop in two months on Monday and the Federal Reserve confirmed on Wednesday that it would soon begin to tighten its monetary policy, the Dow Jones Industrial Average DJIA,
+ 0.10%
ended the week above.

Along the way, the S&P 500 SPX index,
+ 0.15%
recorded its worst daily drop in four months and momentarily fell below its 50-day moving average before closing on Friday with a respectable weekly gain, as did the Nasdaq Composite Index COMP,
-0.03%.

The story of the week included the Federal Reserve finally confirming that it was going to end its bond buying program, implemented at the worst of the coronavirus pandemic last year, now that the economy is recovering, and also signaling a possible hike in interest rates, although Fed President Jerome Powell pushed back the idea which was a certainty next year.

We emailed Michael Antonelli, market strategist at investment bank Robert W. Baird & Co. if the stock market is bulletproof:

After rephrasing our question and adding a smiley for added effect, here’s what Antonelli said:

Two things to remember: 1). There is a ton of money flowing through our system and when that happens it ends up risking assets like stocks. It has to go somewhere. 2) The stock market is certainly thinking about all of these things you mentioned and dismissing them, but it is also looking at earnings and earnings, both of which are expected to rise in 2022.

Based on earnings expectations and the maintenance of current multiples, Antonelli predicts the S&P 500 could rise to 5,000 by the end of 2022.

Meanwhile, Morgan Stanley’s Michael Wilson is maintaining his target of 4,000 for the broad market benchmark by the end of 2021. In other words, Wilson is looking for a market correction of around about 10% from current levels.

Looks like something has to give?

Lindsey Bell, chief investment strategist for Ally Invest, described the start of the week’s action as a “storm” that “everyone saw coming, but nobody expected it,” a reference to the default. potential of China Evergrande 3333,
-11.61%
with some possibility of financial contagion in global markets.

Bell said what must be good for the stock market bears, which have long expected stocks to pull back, given that the S&P 500 has not seen a decline of at least 5% on a closing for over 220 days, has proven to be a naughtiness for this resilient market.

via Ally Invest

Of course, it was not only Evergrande that stirred the language of market players. MarketWatch presented a list of items that questioned investor optimism, from a fight for federal debt limit in Congress to complacency around monetary policy.

Bell, in a research note on Friday, said it was “difficult to disappoint a market that is brewing for a collapse.”

She said the current outburst of fear emanating from Wall Street could be of the variety that keeps euphoric investors from doing anything reckless.

A survey by the American Association of Individual Investors shows that last week, the number of investors pessimistic or neutral about the market outlook hit their highest level in 14 months.

via Ally Invest

An increasing decline can be a counterindicator.

“Cautious investors tend to pay more attention to risk and hedge their portfolios, which makes them less likely to sell in times of crisis. Fear can also lead to more margin cash that could come back into the market if prices fall. Typically, the worst sales happen when the market underestimates risk, and doesn’t overestimate it, ”Bell wrote.

However, a number of Wall Street traders and analysts have commented that Monday’s stock fall was marked by a sort of matador, an ‘out of the way’ trading strategy that saw liquidity dry up as it dried up. as the markets collapsed. This is a far cry from the downward buying sensitivity that has characterized much of the retail regime in the markets of late.

So fear can sometimes turn a mundane correction into some sort of deer-like trade in headlights which can lead to a more definitive rout.

One thing that might be worth watching is bond yields. The 10-year Treasury bill TMUBMUSD10Y,
1.454%
the yield climbed on Friday to around 1.45%, with benchmark returns posting the largest weekly gain since March 19.

The rise in benchmark bond yields reflects the Fed’s decision to curtail its bond purchases soon and expectations of higher interest rates next year, but they may also signal acceptance that the economic recovery will continue. despite the spread of the delta variant of the coronavirus.

Powell suggested on Wednesday that perhaps it would take a fairly weak labor market report to derail the Fed’s monetary policy plans.

However, as bond yields rise, the borrowing costs of most companies rise, which may reduce profits. Higher yields could also prompt some risk-averse investors to sell stocks in exchange for perceiving safer yields on government debt.

It should be noted that yields remain historically low and far from the 2% levels that most analysts predicted would be in effect at this point in the economic recovery cycle. Many analysts maintain expectations of returns of around 2% by the end of the year.

Bell has provided a roadmap for if / when things go pear shaped (edited for brevity):

  • Exit plan. When buying a stock or a security, have an exit plan in mind. This will prevent you from selling prematurely just because the market is down.

  • Balance. The strongest portfolios have a good balance between aggressive and conservative assets.

  • Money is not waste: Cash gets bad press these days. Inflation is high, so that’s understandable, but a small stash of cash could be one of your most stable holdings during a market crash.

  • Play a little defense: Sectors like utilities, health care and consumer staples tend to resist mass sales better due to their stability.

The main stakeholders of the Fed

Powell will also be busy next week. The Fed chairman testifies before the Senate Committee on Banking, Housing and Urban Affairs Tuesday at 10 a.m. ET, and follows that up with a roundtable with the European Central Bank on Wednesday at 11:45 a.m.

Separately, New York Federal Reserve Chairman John Williams spoke at the Economic Club of New York at noon ET on Monday, along with Fed. Governor Lael Brainard also spoke to the National Association for Business Economics at 12:50 p.m. Monday.

The data

It’s a busy week for US economic data: August durable goods orders report due at 8:30 a.m. ET On Monday. At Tuesday, an August international trade reading is expected at 8:30 a.m., followed by the July S&P Case-Shiller Home Price Index at 9 a.m. and the Conference Board’s Consumer Confidence Index in September at 10 a.m.

At Wednesday, August pending home sales will be released at 10 a.m., and to Thursday, the weekly unemployment benefit claims for the period ending September 25 and the final reading of the second quarter GDP are expected at 8:30 am.

Conclusion next week on Friday, are reports on personal income and expenditure for August and core inflation at 8:30 am; September purchasing manager indices for manufacturing from IHS Markit at 9.45 a.m. and Institute for Supply Management at 10 a.m., as well as August construction and September consumer sentiment from the University of Michigan .

What we have read and written


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US SEC Delays Certain Assets From Enforcement Under New Disclosure Rule http://spectacles17e18e.org/us-sec-delays-certain-assets-from-enforcement-under-new-disclosure-rule/ http://spectacles17e18e.org/us-sec-delays-certain-assets-from-enforcement-under-new-disclosure-rule/#respond Fri, 24 Sep 2021 22:27:00 +0000 http://spectacles17e18e.org/us-sec-delays-certain-assets-from-enforcement-under-new-disclosure-rule/ WASHINGTON, Sept.24 (Reuters) – The United States Securities and Exchange Commission (SEC) on Friday announced that it will delay the application of certain assets of a new disclosure rule for over-the-counter securities until January 3 2022. The new compliance date was due to come into effect on Tuesday. The agency’s no-action letter, which affects quotes […]]]>

WASHINGTON, Sept.24 (Reuters) – The United States Securities and Exchange Commission (SEC) on Friday announced that it will delay the application of certain assets of a new disclosure rule for over-the-counter securities until January 3 2022.

The new compliance date was due to come into effect on Tuesday.

The agency’s no-action letter, which affects quotes published by brokers for buying and selling government bonds, does not alter or alter the compliance date of a new rule aimed at eradicating fraud in U.S. stock markets from September 28, 2021, the agency said.

The position “relates only to enforcement actions and does not represent a legal conclusion with respect to the enforceability of legal or regulatory provisions of securities laws,” the agency said.

Next week’s new measure aims to strengthen the information provided to investors by requiring over-the-counter issuers to make accurate and up-to-date financial information publicly available. These are often penny-listed companies that do not meet the listing standards of major stock exchanges. Read more

The requirements have created confusion in the bond market as bankers, trading platforms and investors now face intense compliance demands ahead of an unforeseen month-end deadline.

The Financial Times reported this week that the new regulations could prevent brokers from trading in this space and taking risks for fear of attracting enforcement action from the SEC.

Bond trade associations, including the Bond Dealers of America and the Securities Industry and Financial Markets Association, have written to regulators saying the amended rules will have a “significant deleterious effect” on the government and corporate bond markets. , and pleaded for an explicit stay, or more time to comply, the FT reported.

The SEC Friday letter is a response to such cries from the industry. Although compliance is still mandatory by Tuesday’s deadline, the leading market watchdog said its delay in enforcement action was aimed at allowing the industry to make necessary “operational and system changes” which could lead to compliance with the rule.

Reporting by Katanga Johnson in Washington, DC Editing by Chris Reese and David Gregorio

Our Standards: Thomson Reuters Trust Principles.


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B2B Data Exchange Market Size, Trends and Key Companies – Informatica, B2B Commerce (M) Sdn Bhd, Adeptia, EIX Systems, KG Financial Software Private limited, DKE-Data, Bombara http://spectacles17e18e.org/b2b-data-exchange-market-size-trends-and-key-companies-informatica-b2b-commerce-m-sdn-bhd-adeptia-eix-systems-kg-financial-software-private-limited-dke-data-bombara/ http://spectacles17e18e.org/b2b-data-exchange-market-size-trends-and-key-companies-informatica-b2b-commerce-m-sdn-bhd-adeptia-eix-systems-kg-financial-software-private-limited-dke-data-bombara/#respond Thu, 23 Sep 2021 17:22:48 +0000 http://spectacles17e18e.org/b2b-data-exchange-market-size-trends-and-key-companies-informatica-b2b-commerce-m-sdn-bhd-adeptia-eix-systems-kg-financial-software-private-limited-dke-data-bombara/ Sample download request Need for customization Price and purchase options New Jersey, United States, – The B2B data exchange market The report contains a detailed analysis of the current status of the market, market player, region, type and application. The report provides an in-depth assessment of growth factors, market definition, manufacturers, market potential, and influencing […]]]>

New Jersey, United States, – The B2B data exchange market The report contains a detailed analysis of the current status of the market, market player, region, type and application. The report provides an in-depth assessment of growth factors, market definition, manufacturers, market potential, and influencing trends to understand future demand and outlook for the global industry. This study provides information on the B2B Data Exchange market size, company share, sales volume, and revenue during the historical and forecast period of 2028. The research report covers key players in the industry, CAGR value, market drivers, restraints and competitive strategies around the region worldwide.

The B2B Data Exchange Market report including its market outline and development status by types and applications, which specifies its price and profit status, market growth drivers, and challenges. Readers will find this report very helpful in understanding the market in depth. Finally, the report contains the last part, which contains the opinions of industry experts.

The B2B data exchange market is growing at a faster pace with substantial growth rates in recent years and the market is estimated to experience significant growth during the forecast period i.e. 2021 to 2028.

The report has conducted extensive research on the market segments and sub-segments and clarified which market segment will dominate the market during the forecast period. To help clients to make informed decisions about business investment plans and strategies in the B2B Data Exchange market, the report involves in-depth information regarding regional market performance and competitive analysis.

The report covers an in-depth analysis of the major market players in the market, along with their business overview, expansion plans, and strategies. The major players studied in the report include:

Informatica, Adeptia, B2B Commerce (M) Sdn Bhd, EIX Systems, KG Financial Software Private limited, DKE-Data, Bombara, ECS International, NetEDII Limited, Hubspot.

B2B data exchange market segmentation

B2B data exchange market, by product

• Circuit exchange
• Message exchange
• Hybrid exchange
• Packet exchange
• Others

B2B Data Exchange Market, By Application

• Banking, finance and insurance
• IT and Telecommunications
• Government and health care
• Manufacturing and logistics
• Others

Scope of the B2B Data Exchange Market Report

Report attribute Details
Market size available for years 2021 – 2028
Reference year considered 2021
Historical data 2015 – 2020
Forecast period 2021 – 2028
Quantitative units Revenue in millions of USD and CAGR from 2021 to 2028
Covered segments Types, applications, end users, etc.
Cover of the report Revenue forecast, company ranking, competitive landscape, growth factors and trends
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Scope of customization Free customization of the report (equivalent to 8 working days for analysts) with purchase. Add or change the scope of country, region and segment.
Price and purchase options Take advantage of personalized shopping options to meet your exact research needs. Explore purchasing options

Geographic segment covered in the report:

The B2B Data Exchange report provides information about the market area, which is further subdivided into sub-regions and countries / regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country and sub-region during the estimated period.

  • The Middle East and Africa (GCC countries and Egypt)
  • North America (United States, Mexico and Canada)
  • South America (Brazil etc …)
  • Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
  • Asia Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)

Key questions answered in the report:

  • Who are the main global players in this B2B data exchange market?
  • What is their company profile, their product information, their contact details?
  • What was the global market status of the market?
  • What was the capacity, production value, cost and profit of the market?
  • What are the projections of the global industry taking into account the capacity, output and production value?
  • What will the cost and profit estimate be?
  • What will be the market share, supply and consumption?
  • What is the market chain analysis by upstream commodity and downstream industry?
  • What are the market dynamics of the market?
  • What are the challenges and opportunities?
  • What should be the entry strategies, the countermeasures to the economic impact, the marketing channels for the industry?

Visualize the B2B Data Exchange Market Using Verified Market Intelligence: –

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Farmer’s market scheduled for Saturday http://spectacles17e18e.org/farmers-market-scheduled-for-saturday/ http://spectacles17e18e.org/farmers-market-scheduled-for-saturday/#respond Wed, 22 Sep 2021 15:47:00 +0000 http://spectacles17e18e.org/farmers-market-scheduled-for-saturday/ LAURINBURG – The Farmers’ Market will return to McDuffie Square on Saturday morning. The market will run from 9 a.m. to noon at the intersection of Atkinson and Railroad streets and through the guided tour of downtown Laurinburg. “We hope to have a good group of suppliers and we have reached out to other suppliers […]]]>

LAURINBURG – The Farmers’ Market will return to McDuffie Square on Saturday morning.

The market will run from 9 a.m. to noon at the intersection of Atkinson and Railroad streets and through the guided tour of downtown Laurinburg.

“We hope to have a good group of suppliers and we have reached out to other suppliers to make it more robust,” said Cory Hughes, Scotland County Tourism Director. “We hope the weather will cooperate with us and be one of the next ones to come.”

Typically, the event features produce, plants, honey, and craft vendors allowing people to see a variety of things that are grown and made in the county. The last farmer’s market was held in conjunction with the Downtown Fun Fest in August.

“This is the start of our farmers market,” said Daniel Walters, downtown development manager. “We build on that and it grows. The more of these events we have, the better and the more people come out. It will take some time to develop this on a larger scale, but that is the ultimate goal. “

Hughes added that there will also be markets in October and November, so those who cannot make it downtown will have other opportunities.

Join Katelin Gandee at [email protected]


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FMDQ exchange admits N3.57 billion Prima Corporation commercial paper http://spectacles17e18e.org/fmdq-exchange-admits-n3-57-billion-prima-corporation-commercial-paper/ http://spectacles17e18e.org/fmdq-exchange-admits-n3-57-billion-prima-corporation-commercial-paper/#respond Tue, 21 Sep 2021 23:26:03 +0000 http://spectacles17e18e.org/fmdq-exchange-admits-n3-57-billion-prima-corporation-commercial-paper/ Posted September 22, 2021 FMDQ announced that it has approved the listing of Prima Corporation Limited’s 3.57 billion naira Series 1 commercial paper under its 30.00 billion naira CP program on the platform. stock Exchange. Prima Corporation is a manufacturer of preforms and caps. A press release from the FMDQ quoted the general manager of […]]]>

FMDQ announced that it has approved the listing of Prima Corporation Limited’s 3.57 billion naira Series 1 commercial paper under its 30.00 billion naira CP program on the platform. stock Exchange.

Prima Corporation is a manufacturer of preforms and caps. A press release from the FMDQ quoted the general manager of the Prima group saying that the company was delighted with the approval of the CP which would be used for its working capital needs.

FBNQuest Merchant Bank Limited’s head of capital markets, Mr Oluseun Olatioye, reportedly said the company was satisfied with its role as an intermediary in helping Prima access other sources of funding through the domestic debt market.

The FMDQ stated: “The listing of Prima Corporation Limited CP validates the conscious willingness of the FMDQ stock exchange to support business objectives and deepen Nigerian financial markets by relentlessly using its efficient platform for registration, listing and listing of debt securities.

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Central bank synchronization puts foreign exchange market to sleep http://spectacles17e18e.org/central-bank-synchronization-puts-foreign-exchange-market-to-sleep/ http://spectacles17e18e.org/central-bank-synchronization-puts-foreign-exchange-market-to-sleep/#respond Tue, 21 Sep 2021 10:37:05 +0000 http://spectacles17e18e.org/central-bank-synchronization-puts-foreign-exchange-market-to-sleep/ Currency updates Sign up for myFT Daily Digest to be the first to know about foreign exchange news. Central banks’ efforts to stabilize the global economy since the start of the pandemic have rocked the currency market $ 6.6 billion a day in one of its most sleepy spells on record. As the economic recovery […]]]>

Currency updates

Central banks’ efforts to stabilize the global economy since the start of the pandemic have rocked the currency market $ 6.6 billion a day in one of its most sleepy spells on record.

As the economic recovery began to set in this spring and summer, stock markets around the world rushed higher and government bond prices swung in anticipation of the direction of monetary policy. During this time, prices in the forex market moved very little and the trading volume fell to its lowest level in several months. The exchange rate between the US dollar and the euro has traded this year in the narrowest range on record.

This is because central banks around the world have moved more or less at the same pace since the start of the pandemic, creating very little chance that currencies will diverge in ways that create opportunities for profit. Even Monday’s turmoil in markets sparked by Chinese developer Evergrande’s crisis barely rattled currencies from its slumber, with major currencies remaining in their recent ranges.

“The forex market is exciting when central banks move in different directions, when policies diverge. Right now, all central banks keep key rates close to zero at least in developed markets, ”said Sam Lynton-Brown, head of developed markets strategy at BNP Paribas.

The divergence between currencies has also narrowed because the central bank policy of the Covid era has become such a dominant price driver, ruling out other factors that typically move in the market. Interest rates are still paramount for currencies, but the global response to the pandemic has meant that domestic events, like the German election, do not have the same ability to move markets as they once did, Shahab said. Jalinoos, Global Head of Foreign Exchange Strategy. to Credit Suisse.

Trading volume in the currency futures and options market fell dramatically in August to its lowest level since April 2020, according to data from the CME. And it’s not just a summer slowdown: it is the slowest August since 2009. More generally, the average daily trading volume for the year is also the lowest since 2009.

Column chart of the average daily trading volume in the futures and options market, in thousands showing that Forex trading volumes have fallen this year

In developed country currencies, recent enthusiasm has largely been confined to Australia and New Zealand, two economies whose central banks are much closer to raising interest rates than their peers.

Investors are positioned for more of the same. Measures of expected volatility in forex markets have steadily declined since they exploded higher at the start of the pandemic. The euro’s three-month implied volatility against the dollar – a widely tracked indicator of the expected volatility of the world’s most traded currency pair based on option prices – has fallen to its lowest level in the world. year in mid-September, and closes at its all-time low since early 2020. Similar measures for the pound sterling and the yen against the dollar are also near their all-time lows.

The lull was bad news for investors looking to profit from lasting trends or periods of exchange rate volatility. Macro hedge funds, which bet on movements in bonds, currencies and commodities, have struggled this year, even during an industry-wide rebirth. Macro currency trading funds fell 1.4% this year through the end of August, according to the HFR data group, while hedge funds as a whole register 10% gains so far this year. .

Once central banks signal that they are ready to change their interest rate policy, this forex lull could evaporate. “Given the number of issues the markets will face in the coming year – high inflation, hike in central bank rates, hike in taxes, geopolitical tensions – we doubt that currency volatility will stay depressed for very long. “said Zach Pandl, co-director. foreign exchange strategy at Goldman Sachs.

Nonetheless, future changes in interest rate policy, when they occur, may be less significant than in the past given the scale of debt incurred during the pandemic, said Ulrich Leuchtmann, head of the pandemic. forex research at Commerzbank.

“We’re very concerned about whether the Fed will begin its take-off in late 2022 or early or mid 2023 after all. And we don’t agree on whether the ECB will follow suit in 2024 or 2025. . . But to be fair, that uncertainty is pretty low compared to what was at stake before. This is still a long way off, ”said Leuchtmann.

Additional reporting by Laurence Fletcher and Eva Szalay in London


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The naira loses against the dollar on the official market http://spectacles17e18e.org/the-naira-loses-against-the-dollar-on-the-official-market/ http://spectacles17e18e.org/the-naira-loses-against-the-dollar-on-the-official-market/#respond Mon, 20 Sep 2021 21:40:46 +0000 http://spectacles17e18e.org/the-naira-loses-against-the-dollar-on-the-official-market/ The naira fell slightly against the US dollar in the official market on Monday due to the drop in the supply of currencies. According to data released by the FMDQ Stock Exchange where forex is officially traded, the naira closed at N 413.68 to $ 1. This is down 0.80N or 0.2% from the 412.88N […]]]>

The naira fell slightly against the US dollar in the official market on Monday due to the drop in the supply of currencies.

According to data released by the FMDQ Stock Exchange where forex is officially traded, the naira closed at N 413.68 to $ 1.

This is down 0.80N or 0.2% from the 412.88N it traded on Friday.

The currency supply fell 60.30 percent on Monday with $ 91.23 million recorded at the box office of the cash market compared to $ 229.79 million posted Friday last week.

The local currency touched an intraday high of N409.00 and a low of N415.00 during the trading session before closing at N413.68 on Monday.

The currency has seen an unprecedented decline in the parallel market in recent weeks after the Central Bank of Nigeria suspended sales of foreign exchange to exchange bureaus.

CBN Governor Godwin Emefiele on Friday also blamed the rapid drop in rates posted by Abokifx, a website that monitors the black market in Lagos.

On Friday, the naira fell to 570 in this segment of the market, leaving a gap between the official and unofficial market at N156.32.

As of Monday, that rate had not changed, according to dealers who spoke to PREMIUM TIMES.

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Stock market live, Stock exchange today live http://spectacles17e18e.org/stock-market-live-stock-exchange-today-live/ http://spectacles17e18e.org/stock-market-live-stock-exchange-today-live/#respond Mon, 20 Sep 2021 11:32:47 +0000 http://spectacles17e18e.org/stock-market-live-stock-exchange-today-live/ Highlights of actions / actions: The BSE and National Stock Exchange (NSE) frontline stock indexes ended down around 1% on Monday, following weakness in the global market. The S&P BSE Sensex fell 524.96 points (0.89%) to 58,490.93, while the Nifty 50 finished at 17,396.90, down 188.25 points (1. 07%). Both indices had opened in the […]]]>

Highlights of actions / actions: The BSE and National Stock Exchange (NSE) frontline stock indexes ended down around 1% on Monday, following weakness in the global market.

The S&P BSE Sensex fell 524.96 points (0.89%) to 58,490.93, while the Nifty 50 finished at 17,396.90, down 188.25 points (1. 07%). Both indices had opened in the red but initially retreated in morning trade. However, as trade progressed, benchmarks slipped in afternoon trading amid a massive sell-off in metals, banking and auto stocks.

Tata Steel was the worst performer in the Sensex pack with 9.5% slippage on Monday. It was followed by the State Bank of India (SBI), IndusInd Bank, Housing Development Finance Corporation (HDFC), Dr. Reddy’s Laboratories and Mahindra & Mahindra (M&M). On the other hand, Hindustan Univeler (HUL), Bajaj Finserv, ITC, HCL Technologies and Nestlé India were the main winners on Monday.

Among sector indices, the Nifty Metal index fell by 6.60%, led by Tata Steel, Jindal Steel & Power and National Aluminum Company. Apart from that, the Nifty Bank key fell 1.76 percent, weighted by Federal Bank, Punjab National Bank, and RBL Bank. The Nifty Auto index also fell 1.44% thanks to Tata Motors, Bharat Forge and Eicher Motors. On the other hand, the Nifty FMCG Index, which was the lone winner of the day, climbed 0.91 percent, led by HUL, Marico and ITC.

In the broader market, the S&P BSE MidCap finished at 24,598.51, down 447.97 points (1.79%) while the S&P BSE SmallCap came in at 27,490.27, down of 516.52 points (1.84%).

(with contributions from agencies)


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Impact of COVID-19 Outbreak on Private Branch Exchange (PBX) Market Size, Growth and Analysis by Major Key Players – – Stillwater Current http://spectacles17e18e.org/impact-of-covid-19-outbreak-on-private-branch-exchange-pbx-market-size-growth-and-analysis-by-major-key-players-stillwater-current/ http://spectacles17e18e.org/impact-of-covid-19-outbreak-on-private-branch-exchange-pbx-market-size-growth-and-analysis-by-major-key-players-stillwater-current/#respond Sun, 19 Sep 2021 22:20:09 +0000 http://spectacles17e18e.org/impact-of-covid-19-outbreak-on-private-branch-exchange-pbx-market-size-growth-and-analysis-by-major-key-players-stillwater-current/ Sample download request Request a discount Company Profile “Professional investigation reports, including SWOT analysis of the impact of the COVID-19 outbreak on private branch exchanges (PBXs), CAGR and analysis of major global players, including increases and stock market declines. “ The market report, titled “Impact of COVID-19 Outbreak on the Private Branch Exchange (PBX) Market”, […]]]>

“Professional investigation reports, including SWOT analysis of the impact of the COVID-19 outbreak on private branch exchanges (PBXs), CAGR and analysis of major global players, including increases and stock market declines. “

The market report, titled “Impact of COVID-19 Outbreak on the Private Branch Exchange (PBX) Market”, examines the expanding structure of the current market globally with extensive research drawing on the impact of the COVID-19 epidemic on the private branch exchange (PBX) market. Planned by the system in sufficient order, for example, the SWOT survey report on the impact of the COVID-19 outbreak on private telephone exchanges (PBXs) shows the overall assessment of the entire impact of the COVID-19 epidemic on the private telephone exchange (PBX) market, with notable players.

The compound annual growth rate (CAGR) speculation is expressed in the Impact of COVID-19 Outbreak on Private Branch Exchange (PBX) Market as a Percentage for a Specific Duration. It will also help the client to understand and determine the right decision based on the expected diagram. Further, the report further subdivides the market trends by technology, product type, application, and various processes and systems, based on solar, battery powered, oil powered, different market flying distances. Global (Long, Medium, Short), Law Enforcement / Public Safety Enforcement, Precision Agriculture, Media & Entertainment, Inspection / Surveillance, Surveying / Mapping, etc.

Competition analysis

This report provides a comprehensive view of the competitive environment for the impact of the COVID-19 outbreak on the Private Branch Exchange (PBX) market and includes a detailed description of the performance of key global players completed in the market. It provides the latest updated list of several business strategies including mergers, acquisitions, partnerships, product launches, manufacturing unit expansions and collaborations adopted by these major global players. The report provides a clear picture of large companies’ R&D investments and adoption of innovative technologies to broaden their consumer base and extend their existing competitiveness. Furthermore, the report provides detailed information about the position of new entrants or players in the market, the extent of growth, and opportunities.

The research focuses on the current market size of the Impact of COVID-19 Outbreak on Private Telephone Exchanges (PBXs) market and its growth rates based on records with company outline of players / key manufacturers:

The main players covered by the impact of the COVID-19 epidemic on the private branch exchange (PBX) markets:

Market segmentation of the impact of the COVID-19 epidemic on the private branch exchange (PBX) market:

The impact of the COVID-19 outbreak on the private branch exchange (PBX) market is split by type and by application. For the period 2021-2028, the cross-industry growth provides accurate calculations and sales forecast by type and application in terms of volume and value. This analysis can help you grow your business by targeting qualified niche markets.

Impact of the COVID-19 epidemic on the distribution of the private branch exchange (PBX) market by type:

Impact of COVID-19 Outbreak on Private Branch Exchange (PBX) Market Split By Application:

Impact of COVID-19 Outbreak on Scope of Private Branch Exchange (PBX) Market Report

Report attribute Details
Market size available for years 2021 – 2028
Reference year considered 2021
Historical data 2015 – 2019
Forecast period 2021 – 2028
Quantitative units Revenue in millions of USD and CAGR from 2021 to 2027
Covered segments Types, applications, end users, etc.
Cover of the report Revenue forecast, company ranking, competitive landscape, growth factors and trends
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Scope of customization Free customization of the report (equivalent to 8 working days for analysts) with purchase. Add or change the scope of country, region and segment.
Price and purchase options Take advantage of personalized shopping options to meet your exact research needs. Explore purchasing options

Regional market analysis The impact of the COVID-19 epidemic on private branch exchanges (PBXs) can be represented as follows:

Each regional impact of the COVID-19 outbreak on private branch exchange (PBX) sectors is carefully studied to understand its current and future growth scenarios. It helps the players to strengthen their position. Use market research to gain a better perspective and understanding of the market and target audience and ensure you stay ahead of the competition.

Based on geography, the global market for the impact of the COVID-19 outbreak on private branch exchanges (PBXs) has been segmented as follows:

  • North America includes the United States, Canada and Mexico
  • Europe includes Germany, France, UK, Italy, Spain
  • South America includes Colombia, Argentina, Nigeria and Chile
  • Asia-Pacific includes Japan, China, Korea, India, Saudi Arabia and Southeast Asia

Visualize the impact of the COVID-19 outbreak on the private branch exchange (PBX) market using verified market intelligence: –

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The study thoroughly explores the profiles of the major market players and their main financial aspects. This comprehensive business analysis report is useful for all new entrants and new entrants as they design their business strategies. This report covers the production, revenue, market share and growth rate of the impact of the COVID-19 outbreak on the Private Branch Exchange (PBX) market for each key company, and covers the breakdown data. (production, consumption, revenue and market share) by regions, types and applications. Impact of the COVID-19 epidemic on historical private branch exchange (PBX) distribution data from 2016 to 2020 and forecast to 2021-2029.

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