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08/09/2022

Goldman Sachs (NYSE:GS) expects a steeper path for U.S. rate rises and a 75 basis point hike this month, as Federal Reserve officials have been sounding hawkish recently, the investment bank's analysts said in a note.

They had previously forecast a 50 bps hike in September.

The analysts also raised their November forecast from 25 bps to 50 bps and see the Fed Funds rate window at 3.75-4% by year's end.

08/09/2022

Asian stocks rode a global rally on Thursday, making broad gains as oil prices steadied at lower levels not seen since before Russia's invasion of Ukraine, though China was an exception as weak data signalled more pressure on the COVID-hit economy.

Futures markets pointed to the rally extending in Europe later in the session, despite an expected ECB rate hike and worries about an energy crisis. Euro Stoxx 50 futures rose 0.4% and FTSE futures edged up 0.09%.

08/09/2022

Citigroup (NYSE:C) has hired three bankers for its planned China securities business, according to a person familiar with the matter.

It hired Kenneth Koo as the firm's chief executive, Rochelle Wei from JPMorgan (NYSE:JPM) to lead its futures unit and John Lu to head the onshore equities business, the source said.

08/09/2022

Japanese automakers Toyota Motor Corp, Honda Motor Co and Nissan Motor CO ranked at the bottom of a new Greenpeace study on 10 automakers' efforts to tackle climate change, the environmental group said on Thursday.

08/09/2022

08/09/2022