JPMorgan Financial News

French infrastructure giant Vinci Group has boomeranged back to its former Aussie advisers for a run at Melbourne’s EastLink toll road, as the auction heats up before first-round bids.

benchmark NSE Nifty 50 Index has climbed in the six months leading to the vote in each of the past five elections, posting an average 16 percent return during the period, data compiled by Bloomberg show. Gains in the three months after the polls have averaged more than 3 percent. Prime Minister Narendra Modi faces a test in five state polls this month before the nationwide contest in the summer of 2024.

Stocks surged aggressively last week as investor bets rose that rates have peaked in the aftermath of the FOMC’s decision to leave rates unchanged. Moreover, the labor market data cooled, signaling the Fed is done hiking.

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It has been several months of silence at Austal, the ASX-listed shipbuilder which brought in JPMorgan to gauge interest in a buyout. Now it seems that two North American private equity firms – Cerberus Capital Management and JF Lehman & Company, are back and serious about a proposal.

JPMorgan managing director, Annabelle Mooney, has resigned from the Wall Street giant.

The inclusion of India into the JPMorgan Global bond index and expectations of rate cuts from the first half of FY25 is set to put a cap on bond yields in the domestic market over the medium term. A downward shift in India’s yield curve will thereby make the bond market attractive, and pave the way for increased allocation towards debt in the portfolio, believes Jayesh Faria, director — regional head — west at Motilal Oswal Private Wealth. “We are requesting our clients to participate 65-70% of their debt portfolio in high quality roll down strategies with 7-12 years average maturity. The remaining 35-40% through high yields NCD or private credit or REITs & InVITs,” Faria said in an interview with ETMarkets. Edited excerpts: The equity market has lost some momentum, but would you still say that India is in a stage of a strong bull market phase? We feel that India is in a structural bull market due to improvement in earnings of our companies. For three consecutive years now, Nifty 50 earnings have grown by double digits. For FY24, estimates for Nifty earnings are of 22% growth. Therefore, we feel earnings growth is expected to remain steady over the next few years.

global currencies were steady early on Monday but seemed poised to extend last week's uptrend as the dollar nursed its losses after the Federal Reserve dialled down its hawkish rhetoric. The dollar index was flat at 105.11, with the euro at $1.0726. The dollar index declined more than 1% last week, its heaviest fall since mid-July and hit a six-week low. World stocks too had their strongest week in a year as expectations the Fed was done raising rates gathered steam.

Asian shares rallied for a fourth straight session on Monday after markets moved to price in earlier rate cuts in the United States and Europe, bullish wagers that will be tested by a swarm of central bank speakers this week. Battered bond markets also enjoyed a welcome recovery as a benign U.S. payrolls report and upbeat productivity numbers suggested the labour market was cooling enough to obviate the need for further rate hikes from the Federal Reserve. «This year's better-than-expected U.S.

It’s a good time to be working for Paul Taubman.

Investing.com — Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at FOX, Fortinet , Southern, and JPMorgan.

(Reuters) — Bank of America's mobile app flashed a message on Friday that said customers could be facing temporary delays in depositing funds into their accounts after a technical glitch impacted multiple financial institutions.

By Matt Tracy

(Reuters) -Utility Sempra on Thursday topped estimates for quarterly profit on strength in its energy infrastructure business, sending its shares up 2.3% in early trading.

Capital Group is seeing an opportunity for investors to load up on global equities after the Federal Reserve held rates on Wednesday, signaling an end to its aggressive tightening cycle.“The really big message for investors is that this moment of central banks peaking is likely to be the opening of a window where it’s going to be a really good time to get invested,” Andy Budden, investment director for equities at the $2.3 trillion manager said at a briefing in Singapore.Stocks and bonds extended gains in a relief rally Thursday on hopes the Fed is nearing the end of its historic tightening campaign. Worries over higher borrowing costs have sparked a global rout this year, with emerging markets seeing a selloff in risk assets amid a stronger dollar.Capital Group is now advising clients to “have the courage to act,” portfolio manager Winnie Kwan said at the same briefing.

(Reuters) — Europe's benchmark STOXX 600 rose on Friday and was set for its best week since March, led by automobile stocks as optimism around a likely end to monetary policy tightening by major central banks boosted sentiment.

Wefox, the $4.5 billion German insurance technology group, has raised $55 million of fresh funding from Deutsche Bank and UniCredit, two anonymous sources familiar with the deal told CNBC.

Jamie Dimon said Texas risks undermining its business-friendly reputation with laws designed to punish Wall Street banks for policies that limit work with the gun and fossil fuel industries.

Vanguard Group Inc. is taking its last steps to exit China and shut down its office in the 29 trillion yuan ($4 trillion) mutual fund market.

Wells Fargo has liquidated its local inventory finance business, leaving it with commercial and some investment banking capabilities in the country.

Ventia Services Group’s IPO vendors, Apollo and CIMIC, are cashing out again, launching a fully underwritten $270 million block trade into the market on Thursday afternoon.