The US Federal Reserve (Fed) lowered interest rates last week by 0.25 percentage points, setting a new target range of between 4% and 4.25%. Amidst widespread economic uncertainty, the Fed is expected to continue lowering interest rates through the end of 2025, signalling a shift in the global interest rate cycle.Traditionally, low rates act as a boon to the real estate and property sector, which relies heavily on borrowing to finance large transactions.Three Singapore blue-chips are poised to benefit most: ...

US stocks fell on Wednesday as Wall Street digested mixed messaging from Fed officials on interest rates. The S&P 500 (^GSPC) slid 0.3% while the Dow Jones Industrial Average (^DJI) declined by about 0.4%, The tech-heavy Nasdaq Composite (^IXIC) dropped 0.3%. The declines marked a reversal from the indexes' earlier gains. Debate over the prospects for US interest rate cuts — the big focus for markets right now — appeared to pressure stocks. Comments from Federal Reserve officials this week have hinted a ...

Well, with unemployment edging up and inflation stuck above the Fed's 2% target, Jay Powell sees risks everywhere. Near-term risks to to inflation are tilted to the upside and risks to employment are tilted to the downside. A challenging situation.Two-sided risks mean that there is no risk-free path. Equity prices are are are fairly highly valued, but equity markets aren't hesitating. Stocks have jumped since the Fed's decision to cut rates, and traders still see more cuts before years end.So, is Powell's p ...

股价表现与资本回报 - 摩根大通股价创历史新高316.31美元 年内涨幅达30.4% 超越标普500指数14.1%的涨幅[1] - 宣布500亿美元股票回购计划并将季度股息提高7%至每股1.50美元 这是年内第二次股息上调[1][18] - 同业比较中 花旗集团年内上涨46.3% 美国银行上涨17.6%[1] 净利息收入前景 - 公司资产敏感性高 美联储降息可能对净利息收入造成压力[5] - 2025年净利息收入预计达955亿美元 同比增长超3%[6] - 2019-2024年净利息收入年复合增长率达10.1% 主要受益于高利率环境和第一共和银行收购[7] - 美国银行预计2025年第四季度净利息收入将达155-157亿美元 同比增长6-7%[8] - 花旗集团预计2025年净利息收入(不含市场业务)增长约4%[8] 非利息收入增长动力 - 投资银行业务保持全球第一 2025年上半年市场份额达8.9%[12] - 降息环境将刺激债务发行、并购和股票发行活动 推动投行顾问和承销费用增长[12] - 固定收益、外汇和大宗商品交易业务将受益于市场波动性增加[13] - 财富管理业务将受惠于资产管理规模增长和市场上涨带来的更高费用收入[14] 分支机构扩张与战略收购 - 截至2025年6月30日拥有4,994家分支机构 覆盖美国本土48个州[15] - 2024年新开150家分支机构 计划到2027年再增加500家[15] - 通过收购第一共和银行、增持巴西C6银行股权以及与Cleareye.ai和Aumni的合作实现业务多元化[16] - 美国银行同样在扩张分支机构网络 目前拥有3,664家中心 2024年新开40家并计划到2027年再增加110家[16] 财务实力与信用质量 - 总债务4851亿美元 其中大部分为长期债务[17] - 现金及银行存款达4203亿美元[17] - 三大评级机构授予A-/AA-/A1的长期发行人评级[17] - 预计2025年信用卡净冲销率约为3.6%[22] - 降息环境将减轻债务偿还负担 改善借款人偿付能力[21] 估值与盈利预期 - 远期市盈率15.55倍 高于行业平均的15.25倍[23] - 较美国银行12.57倍和花旗集团11.27倍的远期市盈率存在溢价[25] - 2025年每股收益预期19.85美元 同比增长0.51%[26][28] - 2026年每股收益预期20.39美元 同比增长2.69%[26][28] - 过去一个月内2025和2026年盈利预期被上调[25]

市场情绪与预期 - 标普500和纳斯达克期货微幅上涨 道指期货涨22点或0.05% 标普500期货涨11.5点或0.2% 纳斯达克100期货涨78.5点或0.3% [3] - 投资者评估美联储主席鲍威尔谨慎言论 并关注本周关键经济数据 [1] - 市场高度偏向鸽派预期 任何言论不及预期都可能引发情绪波动 [4] 美联储政策动向 - 鲍威尔未明确支持政策制定者中任一阵营 部分官员支持更激进降息以支撑就业 另一部分主张克制以避免通胀复燃 [2] - 美联储强调在应对通胀风险与劳动力市场疲软信号间需保持微妙平衡 [2] - 上周25基点降息推动股市上涨 投资者期待更多宽松政策维持势头 [3] 股市估值与结构 - 鲍威尔指出资产价格似乎处于较高估值水平 [1] - 部分行业存在股票估值过高担忧 过去三个月仅17%的标普500成分股跑赢指数 显示上涨行情广度狭窄 [4] 经济数据关注点 - 核心个人消费支出数据将受密切关注 该数据是美联储偏好通胀指标 若读数超预期强劲可能支持更谨慎降息步伐 若较弱则强化进一步降息预期 [5] - 周三住房市场数据可提供消费者需求和建筑商信心洞察 高借贷成本持续影响可负担性 [5] 个股表现 - Lithium Americas美国上市股价大涨67% 因报道称特朗普政府考虑收购该公司至多10%股权 [7]

false Trading Ideas Stock Market Crypto Forex Economic Commodity Video World Ad Circle stock price as Tether's valuation balloons to $500 billion Written by Crispus NyagaCrispus N. Crispus Nyaga Market Analyst Crispus Nyaga Market Analyst Market AnalysisMacroeconomicsFinanceForeign AffairsEngineering Crispus is a Financial Analyst for Invezz covering the stock, cryptocurrency and forex markets. He's an experienced analyst with more than 8 years of industry experience. His analysis is featured on industry le ...

NEW YORK (AP) — U.S. stock indexes drifted lower on Wednesday as a seemingly relentless rally on Wall Street takes at least a pause. The S&P 500 slipped 0.3% for a second straight, modest loss. The Dow Jones Industrial Average dropped 171 points, or 0.4%, and the Nasdaq composite fell 0.4%. All three are still near their all-time highs, which were set on Monday. It’s a slowdown following the U.S. stock market’s blistering run since hitting a low in April, fueled by hopes that President Donald Trump’s tar ...

(Reuters) -Federal Reserve Bank of Chicago President Austan Goolsbee said Tuesday if inflation cools off the central bank has some space to cut its interest rate target. “I think eventually, at a gradual pace, rates can come down a fair amount if we can get this stagflationary dust out of the air,” Goolsbee said in an interview with CNBC. In terms of where the Fed can go versus its current target rate range of between 4% to 4.25%, Goolsbee said a neutral rate is something like 100 to 125 basis points lowe ...

In his first public speech as a member of the Federal Reserve Board, Stephen Miran dissented sharply with his colleagues, calling for aggressive interest rate cuts and warning that current monetary policy is "very restrictive".Miran Argues Real Neutral Rate Is ‘Near Zero’Speaking at The Economic Club of New York, Miran argued that the appropriate federal funds rate is in the "mid-2 percent area," nearly two percentage points below its current level, and that failing to act poses "material risks to the Fed's ...

LIVE Dow Set to Open Flat Ahead of Powell's Fed Speech Last Updated: 1 hour ago Dollar Steady Ahead of Powell Speech By Jessica Fleetham, Dow Jones Newswires The dollar was holding steady ahead of a speech by Federal Reserve Chair Jerome Powell due later today. After the Fed cut interest rates last week for the first time this year, investors will be looking for clues on how far and how fast rates will be reduced from now on. The DXY dollar index hit a three-and-a-half-year low of 96.218 last week but has s ...