JPMorgan to boost Asia private banking headcount by over 100 this year – sources
JPMorgan Chase & Co (JPM.N) plans to boost its private banking business headcount in Asia by more than 100 this year, two people with direct knowledge of the matter said, joining its peers in a push to grab a bigger share of the region’s wealth.
Euro zone inflation hits 5%, marking another record high
Euro zone inflation rose unexpectedly last month, likely making for more uncomfortable reading at the European Central Bank, which has consistently underestimated price pressures and come under fire for this from some of its own policymakers.
Dollar rides high on rate hike bets ahead of payrolls report
The dollar is set to notch broad weekly gains and could extend its rally if U.S. labour data due on Friday reinforces the case for early Federal Reserve interest rate hikes.
Not if or when but how fast?
That the U.S. Federal Reserve will hike rates this year is a no brainer, surely? So the key question then is how fast will it tighten policy given uncomfortably high inflation.
U.S. job growth seen accelerating in December; record job creation anticipated for 2021
U.S. employment growth likely picked up in December, culminating in record job creation in 2021, but the labor market could temporarily lose its luster as raging COVID-19 infections cause disruptions at businesses and schools.
HSBC, UBS order Hong Kong office changes as COVID cases rise
Banks in Hong Kong including HSBC Holdings Plc (HSBA.L) and UBS Group AG (UBSG.S) are taking steps to reduce the number of people at the workplace after having operated at near full capacity for the past few months, as the city faces a spike in COVID-19 cases.
Credit Agricole offers to buy Italy’s bank Carige -newspaper
France’s Credit Agricole (CAGR.PA) has offered to buy troubled lender Banca Carige (CRGI.MI) for a euro, Italian daily Il Messaggero said on Thursday, sending shares in the Italian lender up more than 3%.
When the hawks sing
All it took was the minutes of a three-week old U.S. Federal Reserve policy meeting to change the mood music in global markets. The Fed’s December meeting minutes showed officials had discussed shrinking the U.S. central bank’s overall asset holdings as well as raising interest rates sooner than expected to fight inflation. read more That sent global markets in a tailspin with investors heading for the exits.
Oil slips from one-month high after U.S. fuel inventory surge
Oil prices lost ground on Thursday, falling from their highest levels in more than a month after U.S. fuel stockpiles surged amid declining demand.
Futures subdued as tech stocks extend fall; Fed minutes awaited
U.S. stock index futures were subdued on Wednesday ahead of minutes from the Federal Reserve’s December meeting, even as big technology stocks continued to fall, with Salesforce.com declining after a brokerage downgrade.
