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China's 10-year bond yield has fallen to a multi-decade low of 1.9636%, driven by expectations of further stimulus measures from Beijing to support the economy, which is projected to grow over 5% this year. The People's Bank of China has injected significant liquidity into the banking system and indicated potential cuts to the reserve requirement ratio. Despite a bond market rally, concerns remain about economic fundamentals and the risk of deflation without meaningful fiscal stimulus.
President-elect Donald Trump's proposed 25% tariffs on Canadian and Mexican imports could significantly impact U.S. refiners, consumers, and Canadian producers, potentially leading to higher fuel prices and revenue losses. Experts express skepticism about the implementation of these tariffs, citing inflation concerns and the need to maintain energy costs ahead of the midterm elections. Canadian officials are urging immediate resolution of border issues to prevent unnecessary tariffs on exports.
CoreWeave, an AI cloud platform based in New Jersey, is targeting a valuation exceeding $35 billion for its U.S. IPO, expected in the second quarter of 2025, aiming to raise over $3 billion. The company, which provides access to data centers and high-powered chips, recently completed a $650 million secondary share sale, valuing it at $23 billion. As investor interest in generative AI surges, CoreWeave prepares for its listing amid a recovering IPO market.
Swiggy's market debut on November 13 intensifies its rivalry with Zomato, which has seen its shares rise over 100% since 2021. While Zomato leads in key segments, Swiggy's lower valuation may allow it to catch up, particularly in food delivery, though challenges remain in quick commerce. Aditya Suresh from Macquarie Capital notes that Swiggy is 4-6 quarters behind Zomato but has a clear path to expand its monthly transacting users.
Macquarie Capital
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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