The dominating theme in global financial markets is once again central bank policy, and equity investors in particular are worried. U.S. data is showing a flare-up in inflationary pressures, just as markets had become comfortable with the idea of a Goldilocks scenario replete with soft landings and less hot labour markets. Markets in China and Australia took another steep step down.
Sluggish Canadian Banks Face Stock Sales Over Capital Rules
-- With economic storm clouds gathering, Canada’s bank regulator is considering stricter capital requirements that some analysts say have the potential to force Royal Bank of Canada, the nation’s biggest lender, to sell equity.
BMO stock is certainly an excellent bank stock, as are the others. But there is even more reason to pick up the dividend stock today. The post BMO Stock: Why a 5% Dividend Yield Isn’t Why I’m Buying This Dividend Stock appeared first on The Motley Fool Canada.CALGARY — Enbridge Inc. says it has signed a US$14 billion cash-and-debt deal to purchase three U.S.-based utility companies. The Calgary-based energy infrastructure giant says the three utilities, owned by Dominion Energy, Inc.
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Fed's Jefferson poised for Senate confirmation as Fed Vice ChairThe U.S. Senate on Wednesday is poised to confirm Federal Reserve Governor Philip Jefferson as vice chair of the U.S. central bank, after an overwhelming bipartisan majority of lawmakers voted on Tuesday to limit debate over his nomination. Senators began the confirmation voting process on Jefferson shortly after 11:30 am ET. They are expected later on Wednesday to also take up the nominations of Fed Governor Lisa Cook to a new 14-year term, and of World Bank economist Adriana Kugler to fill the last open seat at the seven-member Fed Board.
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Fed's Jefferson poised for Senate confirmation as Fed Vice ChairBy Richard Cowan and Ann Saphir (Reuters) - The U.S. Senate on Wednesday is poised to confirm Federal Reserve Governor Philip Jefferson as vice chair ...
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Marketmind: China optimism dissipates after weak dataA look at the day ahead in European and global markets from Ankur Banerjee Investor sentiment on China remains fragile, with Monday's wave of optimism ...
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Marketmind: China optimism dissipates after weak dataThe Caixin PMI showed on Tuesday that China's services activity in August expanded at the slowest pace in eight months, with sluggish demand continuing to dog the economy while stimulus has so far failed to meaningfully revive consumption. Investor attention fixed firmly on China's largest private property developer, Country Garden. Country Garden on Friday won approval from onshore creditors to extend a private bond worth 3.9 billion yuan ($536 million).
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Marketmind: Oil, yield spike takes wind out of market sailsAsia is set for a cautious open on Wednesday after a jump in oil prices to their highest level this year and resulting spike in bonds yields on Tuesday helped take some of the froth out of local stock markets that had built up recently. Australia's economy is expected to have grown at a faster quarter-on-quarter rate of 0.3% than the 0.2% registered in the January-March period, and at a 1.8% annual rate, which would be down from 2.3% in Q1. These figures come a day after the Reserve Bank of Australia held its key cash rate on hold at 4.10% for a third month and indicated that its tightening cycle could be over, triggering a sharp sell off in the Australian dollar.
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Marketmind: Oil, yield spike takes wind out of market sailsBy Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asia is set for a cautious ...
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