cryptocurrencies market Related searches

The CEO of Bank of America said that the sales and trading business is expected to hit a new high in the fourth quarter, and the income of investment banking business jumped. Brian Moynihan, CEO of Bank of America, said that the quarterly income of the bank's investment banking business is expected to increase by at least 25% year-on-year, and the sales and trading business is expected to hit a new high. Moynihan said at the Goldman Sachs Financial Services Conference on Wednesday that with the "continuous growth" of transactions, the investment banking revenue in the fourth quarter may exceed $1.4 billion. Analysts had expected that the investment banking revenue of the second largest bank in the United States would be close to $1.5 billion, equivalent to an increase of about 27%. At the same time, Moynihan said that the sales and trading business should once again record year-on-year growth, achieving medium-to-high single-digit growth in the last quarter of this year. Analysts predict that market revenue will increase by 8.2% to $4.06 billion. The business led by Jim DeMare "has reached a higher level, but we will set a record in the fourth quarter, so we feel good," Moynihan said.Bitcoin rose 5.00% in the day and is now reported at $101,492/piece.FBI Director Wray will resign before Trump takes office, ending his term ahead of schedule. Christopher Wray, director of the US Federal Bureau of Investigation (FBI), announced that he will resign before President-elect Trump takes office (sworn in on January 20, 2025), ending his historic and turbulent term as the head of the highest law enforcement agency in the United States ahead of schedule. Wray said in a statement that he plans to resign at the end of Biden's presidency next month. Trump, who will take office on January 20, made it clear that he will not be allowed to continue as the director of the FBI, although Wray's 10-year term will not end until 2027. Trump posted on Truth Social on November 30th that he planned to nominate loyal ally Kash Patel as the director of the FBI.

Dollar deposits and wealth management are popular again. Experts suggest paying attention to exchange risk. Although it is in the cycle of interest rate reduction by the Federal Reserve, dollar deposit products are still attractive to investors. Since December, a number of bank wealth management subsidiaries have intensively put on shelves US dollar wealth management products. Judging from the rate of return, the performance benchmark of some US dollar fixed-income wealth management products currently launched is close to 5%, but the performance benchmark of RMB wealth management products with the same risk level is mostly around 2%. According to the statistics of Puyi standard data, as of December 9, there were 1,312 surviving products in US dollar financing, and the surviving scale of US dollar financing reached 281.927 billion yuan, which has doubled from the surviving scale of 140.351 billion yuan at the end of December last year. In addition, although banks have previously lowered the interest rate of dollar deposit products, from the current point of view, the interest rate of some banks' dollar deposits remains above 4%, attracting many customers to buy. According to industry insiders, under the Fed's interest rate cut cycle, the main reason for the high heat of dollar wealth management and dollar deposits is the exchange rate expectation of a strong dollar. If the market expects the US dollar to appreciate or remain stable, holding US dollar assets (such as US dollar wealth management and US dollar deposits) can benefit from the potential exchange rate appreciation even if interest rates fall. In addition, in order to diversify risks, some investors choose to allocate part of their funds to US dollar assets to realize diversification of asset allocation. (Securities Daily)Russian Foreign Ministry: The transfer of US$ 20 billion to Ukraine by the United States on the grounds of freezing Russian assets is "simply robbery".Peter Orsag, CEO of Lazard Financial Consultant: We will turn to an environment where antitrust agencies will not have instinctive aversion to large technology companies. We see that many private equity activities are increasing.

The yield of 20/30-year US Treasury bonds rose by more than 5 basis points on the release date of US CPI inflation data. Investors also paid attention to oil prices and Yellen's new debt supply. At the end of new york on Wednesday (December 11), the yield of US 10-year benchmark government bonds rose by 3.89 basis points to 4.2652%. After the release of US CPI inflation data at 21:30 Beijing time, it plunged significantly and refreshed at 22:41 (the beginning of US stock market). Then it rebounded, and the results released at 02:00 showed that the auction of 10-year US bonds was strong, the bid multiple reached a new high since 2016, and the yield reached 4.2750% at 03:00. The yield of two-year US bonds rose by 1.02 basis points to 4.1532%, and reached 4.1741% at 21:17 (less than a quarter of an hour before the release of the US CPI data). After the data was released, it plunged, and reached 4.0969% at 22:41, and then gradually rebounded.Hang Seng Index futures closed up 0.05% at 20,215 points, with a high water level of 60 points.Egypt condemned Israel for launching military operations in Syria. On the 11th local time, the Egyptian Foreign Ministry issued a statement condemning Israel's organized attacks on infrastructure in Syria, its deliberate bombing and destruction of bases, weapons, equipment and military systems in various parts of Syria, and its illegal bases established in Syria. Egypt reiterated its firm opposition to Israel's use of Syria's internal affairs and its current vacuum to undermine Syria's national capacity and occupy Syrian land. Egypt believes that Israel's attacks on Syria systematically violate international law. Egypt warned that Israel's irresponsible policies may cause terrible risks. Egypt calls on the UN Security Council and the international community to shoulder their responsibilities, stop Israel's dangerous escalation in Syria and urge it to respect Syria's sovereignty and territorial integrity.