Express News | Mizuho: Visa and mastercard are slowing down in the usa.
Saudi's PIF, Mizuho Financial Group Partner to Develop ETF
New York Foreign Exchange Market: The US dollar rises, and volatility soars as the US election approaches.
The dollar hit an intraday high on Friday afternoon, with traders shifting their focus from the weak job report to next week's US election. The Canadian dollar hit its lowest level in two years. The Bloomberg Dollar Index rose by 0.3%, after briefly falling by 0.2%; the early US October non-farm payrolls report showed that under the impact of hurricanes and strikes, business hiring slowed to the slowest pace since 2020, causing the index to drop. Monex forex trader Helen Given said, 'Traders were aware in advance that the data would lean negative and are handling it appropriately.' 'This is one of the most difficult non-farm payroll data to predict.'
Express News | Mizuho: raised conocophillips' target price from $129 to $132.
United Kingdom market decline intensifies, budget concerns spread to various assets.
The United Kingdom bond market, stock market, and british pound all suffered heavy losses, as investors sold off British assets in a quick response to the new Labour government's increased borrowing and inflationary risks. The sell-off has pushed short-term borrowing costs to their highest level since May, as investors bet on the UK Central Bank to reduce the extent of interest rate cuts following Chancellor Rachel Reeves's budget proposal on Wednesday. The adjustment of interest rate pricing has affected all assets in the United Kingdom, with the FTSE 250 index recording its largest decline since early August, and the british pound falling against all major currencies. Although this market downturn is related to the shock waves caused by the tax reduction plan two years ago without funding support for Liz Truss.
Express News | Mizuho has raised Coinbase's target price from $160.00 to $178.00.