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Week Ahead – SNB to cut again, RBA to stand pat, US PCE inflation also on tap
The Swiss National Bank (SNB) will be the final major central bank to announce its policy decision in September. Like the Fed, there is a substantial degree of uncertainty around the size of the cut. Investors have priced in around a 60% probability of a 25-basis-point rate reduction, with the remaining odds being for a 50-bps move. Expectations for a larger cut have gained ground since the beginning of August when the Swiss franc spiked higher against the US dollar and euro. SNB chief Thomas Jordan, who will chair his last meeting on Thursday before stepping down at the end of the month, has been quite vocal in ... (full story)
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- From @News_Of_Alpha|Sep 20, 2024
post: *MICROSTRATEGY BOUGHT ~7,420 BITCOINS FOR ~$458.2M SEPT. 13-19: BBGForm 8-K: MicroStrategy Incorporated On September 19, 2024, MicroStrategy Incorporated (“MicroStrategy” or the “Company”) completed its previously announced private offering of 0.625% convertible senior notes due 2028 (the “notes”). The notes were sold under a purchase agreement, dated as of September 17, 2024, entered into by and between the Company and Barclays Capital Inc., as representative of the several initial purchasers named therein (the “Initial Purchasers”), for resale to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The aggregate principal amount of the notes sold in the offering was $1.01 billion, which includes $135 million aggregate principal amount of notes issued pursuant to an option to pForm 8-K: MicroStrategy Incorporated As previously disclosed, on September 19, 2024, MicroStrategy Incorporated (“MicroStrategy” or the “Company”) completed a private offering (the “Offering”) of convertible senior notes due 2028 (the “2028 Convertible Notes”). The Offering, which included a 0.625% coupon and an approximately 40% conversion premium over the U.S. composite volume weighted average price of MicroStrategy’s class A common stock from 1:00 p.m. through 4:00 p.m. (ET) on September 17, 2024, was well received in the marketplace and upsized to a total of $1.01 billion in aggregate principal amount. This amount included the exercise by the initial purchasers of their option to purchase $135.0 million of additional notes. Net proceeds from the Offering to MicroStrategy totaled approximately $997.4 million. Additionally, as previously announced, MicroStrategy intends to use approximately $523.8 million of the net proceeds of the Offering to redeem in full (the “Redemption”) all $500.0 million outstanding aggregate principal amount of MicroStrategy’s 6.125% Senior Secured Notes due 2028 (“Senior Secured Notes”). MicroStrategy issued a redemption notice on September 16, 2024 and the redemption of the Senior Secured Notes is expected to be completed on September 26, 2024 (the “Red
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- From ecb.europa.eu|Sep 20, 2024
Central banks are public institutions with powerful tools, but the way these tools affect the economy is constantly changing. This uncertainty comes, in part, from the famous “long and variable” lags of monetary policy transmission. It typically takes 18 to 24 months for a change in interest rates to have its peak effect on the economy and inflation. But there are also more fundamental issues that affect the transmission of monetary policy, which were identified by Federal Reserve Chairman Alan Greenspan 20 years ago. He wrote that: “The economic world in which we function is best described by a structure whose parameters are continuously changing. The channels of monetary policy, consequently, are changing in tandem.” In other words, the effectiveness of monetary policy is intrinsically linked to the evolving structure of the economy. In recent years, uncertainty about policy transmission has been particularly acute. We have faced the worst pandemic since the 1920s, the worst conflict in Europe since the 1940s, and the worst energy shock since the 1970s. These shocks have changed the structure of the econ post: ECB'S PRESIDENT LAGARDE: THE UNCERTAINTY AHEAD IS STILL PROFOUND. post:
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- From youtube.com/imf|Sep 20, 2024
ECB President Christine Lagarde delivers the 2024 Michel Camdessus Central Banking Lecture, followed by a one-on-one conversation with IMF Chief Kristalina Georgieva.
- From fxpro.news|Sep 20, 2024
Active buying continues in the crypto market, with its total cap rising 3.2% in 24 hours to $2.21 trillion, reviving the fight to break the previous local high of $2.27 trillion a ...
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- Posted: Sep 20, 2024 10:30am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 5,490
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