The BOK will conduct outright purchases of government bonds tomorrow
Central banks everywhere are starting to get desperate and while this may soothe domestic conditions, adding everything together does not make for a good risk backdrop.
Central banks everywhere are starting to get desperate and while this may soothe domestic conditions, adding everything together does not make for a good risk backdrop.
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Shale E&P stocks beat revenue estimates by 2.2%, up 7% avg. WHD down 20% despite earnings beat.
P&C insurers beat revenue estimates by 2.9%, but stocks are down 5.6%. MKL up 7.6% rev, FAF up 21.6% rev, ORI up 9.5% rev.
Abra goes public via SPAC at $750M pre-money valuation, eyeing Nasdaq. Investors bet on crypto growth despite past SEC issues.
MBIN jumps 19.3% on strong earnings beat; OSBC down 9.3% despite revenue growth. Regional banks face mixed outlook.
Goldman Sachs sees oil shock, not supply crisis. Recession odds up to 25%. Asia inflation up, Europe growth down.
ASUR up 15% on strong revenue growth, while PCTY, PAYC, and PAYX see mixed results & stock drops.
Strait of Hormuz war risk insurance premiums surge 200-300%, impacting oil prices & consumer costs.
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