Highlight of the Week
Banks to release 2Q earnings
Rate Curves
Rapid Report:
Big banks to release 2Q earnings as Fed prepares to cut rates
- Higher rates have fueled earnings since 2015, but a projected rate cut could put a squeeze on profit margins
- Flat yield curve with near term inversion continues as investors expect slowdown
- Stocks rose to record highs last week after Federal Reserve all-but assured investors of upcoming rate cut to defend against trade war and weakened world growth
SEC Investigates Regulatory Questions Surrounding Facebook’s Currency, Libra
- Staff examining whether Libra’s structure qualifies as an exchange-traded fund
- Facebook’s 1.6b daily users offers potential for widespread adoption
- “Libra raises serious concerns surrounding privacy, money laundering, consumer protection and financial stability” -Powell
Wimbledon Classic
- Novak Djokovic repeats as Wimbledon champion after winning first 5th set tiebreaker in history against Roger Federer
