USA Industrie 30 WKN: 969420 ISIN: US2605661048 Forum: Indizes Thema: Hauptdiskussion

ECB: Real estate markets in an environment of high financing costs: Commercial real estate firms, by contrast, have faced more severe challenges in a context of rising financing costs and declining profitability. While banks have smaller exposures to commercial real estate markets, losses in this segment could act as an amplifying factor in the event of a wider shock. https://www.ecb.europa.eu/pub/financial-stability/fsr/special/html/ecb.fsrart202311_02~75cf0710b9.en.html

Risk managers cannot survive on their wits alone anymore: As the oft-used quote says: “There are decades where nothing happens; and there are weeks where decades happen.” Markets, geopolitics, trade and business have been on a fairly even and upward trajectory for some time following the lows of the global financial crisis in 2008. Now, however, we are ... Four emerging areas where applying well-honed risk awareness is no longer sufficient. https://www.bankingriskandregulation.com/risk-managers-cannot-survive-on-their-wits-alone-anymore/

DWS über "ungeliebte" US-Banken: Gegenüber dem Gesamtmarkt dümpelt der US-Bankensektor nahe seinen Rekordtiefs herum. Zu Recht, würden die Experten der DWS Group sagen, denn Aktionäre haben selten Freude mit Banken. https://www.institutional-money.com/news/maerkte/headline/dws-ueber-ungeliebte-us-banken-228740

Our Wall Street Crybabies Want the Fed to Stop QT, they Wag the Drop in Overnight RRPs that’ll Blow up the Banks or Whatever. This crybaby stuff is just funny. So let’s have a look. https://wolfstreet.com/2023/11/19/our-wall-street-crybabies-want-the-fed-to-stop-qt-and-they-wag-the-overnight-rrps-thatll-blow-up-the-banks-or-whatever/

US Leading Indicators Tumble For 19th Straight Month, Worst Streak 'Since Lehman': "Conference Board expects elevated inflation, high interest rates, and contracting consumer spending - due to depleting pandemic saving and mandatory student loan repayments ..." https://www.zerohedge.com/personal-finance/us-leading-indicators-tumble-19th-straight-month-worst-streak-lehman

It’s like déjà vu all over again https://www.linkedin.com/pulse/its-like-d%C3%A9j%C3%A0-vu-all-over-again-progressive-equity-research-ope0e

FSB Financial stability outlook: After more than a decade of low interest rates, the financial system is transitioning to a higher interest rate environment, and this could bring macro-financial vulnerabilities back into focus. Private and public sector debt are at elevated levels in many countries, making the adjustment to higher rates challenging. More fundamentally, the current tightening is occurring in a global financial system where the provision of finance through non-banks has become comparable in size to bank credit. Leverage and liquidity mismatches in non-bank financial intermediation could exacerbate market shocks. https://www.fsb.org/wp-content/uploads/R141123.pdf

Poor euro zone bank valuations seen a drag on credit growth: ECB https://www.nasdaq.com/articles/poor-euro-zone-bank-valuations-seen-a-drag-on-credit-growth:-ecb

Cracks in CRE are widening https://therealdeal.com/national/2023/11/18/week-in-review-for-nov-18-2023/

Office Landlords Can’t Get a Loan Anymore: The office sector’s credit crunch is intensifying. By one measure, it’s now worse than during the 2008-09 global financial crisis. https://www.wsj.com/real-estate/commercial/office-landlords-cant-get-a-loan-anymore-ee8a0b08

BoE: Re-calibrating the role of central bank reserves https://www.bankofengland.co.uk/-/media/boe/files/speech/2023/november/re-calibrating-the-role-central-bank-reserves-speech-by-andrew-hauser.pdf

FSB: The Financial Stability Implications of Leverage in Non-Bank Financial Intermediation: Many incidents have demonstrated that leverage can create and **** vulnerabilities in the global financial system. https://www.fsb.org/wp-content/uploads/P060923-2.pdf

Non-bank financial intermediation: vulnerabilities and challenges: Fifteen years after the global financial crisis of 2007-2008, a number of events have highlighted the systemic nature of the non-bank financial intermediation (NBFI) sector, in particular investment funds. These episodes have shed light on the vulnerabilities both for financial stability and the financing of the real economy. https://www.banque-france.fr/system/files/2023-11/Non-bank%20financial%20intermediation_%20vulnerabilities%20and%20challenges_billet_blog_en_327%20-%20Copie.pdf

Das Billionen-Dollar-Problem der Zentralbanken: Viele Zentralbanken stehen jetzt vor großen Finanzlöchern, die politisch unangenehm sind. So prognostizierte z.B. die BoE, dass sie im nächsten Jahrzehnt einen Nettoverlust von mehr als 150 Milliarden Pfund erleiden würde, wenn sie die quantitative Lockerung auflöst. Obwohl die Kosten von den Staatskassen gedeckt werden, ist dies kaum gut für das öffentliche Image der Zentralbanken. https://www.ft.com/content/98cfe9c2-d7de-4825-8d8c-508b309c142f

Erik Thedéen, Gouverneur der Schwedischen Reichsbank seit 1. Januar 2023, hat aktuell nicht viel zu lachen und sucht zirka acht Milliarden US-Dollar zur Rekapitalisierung seiner Notenbank. Kaum beachtet von der Medienlandschaft und wenn doch, dann ins Abseits verräumt, ist die erste Notenbank de facto per Ende September 2023 Pleite und braucht dringend einen Gesellschafterzuschuss vom schwedischen Staat, um nicht insolvent zu werden. https://www.institutional-money.com/news/regulierung/headline/schwedens-riksbank-hat-negatives-eigenkapital-80-mrd-kronen-gesucht-228754

Janus Henderson survey finds 49% of investors are very concerned about the impact the 2024 U.S. presidential election will have on their finances. https://www.janushenderson.com/en-us/advisor/insights/investor-sentiment-survey/