The rally in European stocks appears to have come full circle, strategists predict, with last month’s gains coinciding with cuts in their year-end price targets by both Bank of America and JPMorgan . The Stoxx Europe 600 index will close 2022 at 447 points, implying gains of less than 2 percent from now, according to […]
Tag: BofA
JPMorgan and BofA among banks facilitating exit from Russian bonds
A growing number of Wall Street banks are willing to trade Russian bonds that were once considered “untouchable,” according to Bloomberg. JPMorgan and Bank of America are among several banks that have offered to facilitate trades in corporate and government debt on behalf of clients, according to people with knowledge of the matter who spoke […]
BofA: The worst for the economy is ahead – Don’t get carried away by the stock rally
By Eleftherias Kourtalis After a rally of more than 5% from lows in early July, European shares estimate that the Eurozone PMI will rise again to 50 points, as Bank of America points out. But weakening credit conditions, risks to natural gas supplies and a possible US recession suggest the PMI will dip below 45 […]
BοFA: Stock outflows do not yet reflect investor pessimism
Outflows from global equity funds have only now begun to reflect investor pessimism about risk assets, according to Bank of America strategists, Bloomberg reported. “Everyone is bearish, but no one has sold,” strategists led by Michael Hartnett wrote in a note to clients, adding that for every $100 of inflows since January 2021, there has […]
BofA: Equity fund outflows do not yet reflect investor pessimism
Outflows from global equity funds have only now begun to reflect investor pessimism about risk assets, according to Bank of America strategists, Bloomberg reported. “Everyone is bearish, but no one has sold,” strategists led by Michael Hartnett wrote in a note to clients, adding that for every $100 of inflows since January 2021, there has […]
Citi and BofA: ECB is in a hurry to stop QE – Rising interest rates in the third quarter are certain
Her Eleftherias Kourtali Analysts are analyzing the decisions of the ECB, which found the markets unprepared, as shown by the reaction of the bonds with the yields increasing significantly in the aftermath of the announcements of the Board. While they expected the ECB to be more cautious and delay the normalization of its policy due […]
BofA: ‘Sees’ up to 7 interest rate hikes in 2022 from the Fed
Investors could prepare for seven interest rate hikes by the Federal Reserve by 25 basis points each in 2022, or one in each remaining meeting for the year, BofA Global Research said in a note. In particular, economist Ethan Harris and other analysts “see” seven increases in 2022, although they revised down their forecast for […]
BofA: Solana could become ‘Visa for cryptocurrencies’
By Dan Runkevicius The decline of Bitcoin and other cryptocurrencies seems to have stopped – but first, in the 5 days ended January 7, they recorded their biggest weekly decline since December, with their market capitalization falling by hundreds of billions of dollars. So far this week, Bitcoin is strengthening more than 3% while its […]