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Asian markets opened mixed, with the Nikkei 225 and ASX 200 gaining while the Kospi fell. Concerns over China's economic recovery persist as November retail sales rose only 3.0%, below expectations, indicating limited success of stimulus measures. The Hang Seng index has struggled to maintain its recent gains, with potential declines ahead. Attention now shifts to US retail sales data, expected to show resilience in consumer spending, as the Federal Reserve prepares for a slower pace of rate cuts.
IG
Asian markets are mixed, with the Nikkei and ASX gaining while the KOSPI declines. China's economic recovery shows signs of slowing, as November retail sales fell short of expectations, raising concerns about consumer confidence and demand. The Hang Seng Index is unwinding its December gains, with potential support levels being closely monitored. Economic focus shifts to upcoming US retail sales data, expected to reflect resilience in consumer spending.
IG
JBWere has launched two new active fixed income products in partnership with UBS Asset Management, aimed at wholesale clients seeking defensive investment strategies. The UBS JBWere Australian Credit Fund and UBS JBWere International Credit Fund will provide access to expertly managed portfolios, responding to the growing demand for sophisticated fixed income solutions. These products will be available exclusively to JBWere clients by December 2025, reflecting a commitment to high-quality investment tailored to client needs.
JBWere has launched two new active fixed income products in partnership with UBS Asset Management, aimed at wholesale clients seeking defensive investment strategies. The UBS JBWere Australian Credit Fund and UBS JBWere International Credit Fund will provide access to expertly managed portfolios, responding to the growing demand for sophisticated fixed income solutions. These products will be available exclusively to JBWere clients by December 2025, reflecting a commitment to high-quality investment tailored to client needs.
JBWere has launched two co-branded fixed income funds, the UBS JBWere Australian Credit Fund and the UBS JBWere International Credit Fund, exclusively for its wholesale clients. These funds, developed in partnership with UBS Asset Management, aim to provide access to expertly managed defensive assets amid rising demand for sophisticated fixed income solutions. The initiative reflects JBWere's commitment to high-quality investment strategies tailored to client needs, particularly in a favorable market environment for credit products.
JBWere has launched two co-branded fixed income funds, the UBS JBWere Australian Credit Fund and the UBS JBWere International Credit Fund, exclusively for its wholesale clients. These funds, developed in partnership with UBS Asset Management, aim to provide access to expertly managed defensive assets amid rising demand for sophisticated fixed income solutions. The initiative reflects JBWere's commitment to high-quality investment strategies tailored to client needs, with a focus on stability and growth in a complex market environment.
CyberKongz, an NFT platform, received a Wells notice from the SEC, raising concerns about the issuance of gaming tokens without proper registration as securities. This could have significant repercussions for the Web3 gaming industry. Despite the notice, CyberKongz's NFT prices remain stable, reflecting a 11.7% increase in the last 24 hours.
Asian stocks are set to open lower ahead of key interest rate decisions from major central banks, including the Federal Reserve. Futures for Hong Kong equities indicate a decline, while US-listed Chinese stocks fell over 2%. Despite this, Wall Street saw gains, with the Nasdaq 100 reaching a record high, driven by MicroStrategy Inc.'s anticipated inclusion in the index. The 10-year Treasury yield remained steady at 4.40%.
The Federal Court of Australia has fined Bit Trade, operator of Kraken, $8 million for offering an unauthorized margin lending product to over 1,100 customers without a Target Market Determination. The Australian Securities and Investments Commission (ASIC) highlighted that the product led to significant customer losses, totaling $7.85 million. The ruling underscores the necessity for compliance in the digital asset sector, prompting calls for clearer regulations to protect investors.
The Australian Climate Leaders Coalition, backed by major companies like Microsoft, Nestlé, and Unilever, is advocating for a transition to a circular economy to reduce greenhouse gas emissions and boost GDP by AU$210bn by 2048. A report highlights the need for CEOs to embrace circularity beyond recycling, emphasizing integration into business strategies and collective action. Key capabilities for success include stakeholder management, enabling technologies, and behavioral engagement.
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