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LME announces new senior leadership appointments
The London Metal Exchange (LME) today announced a number of senior leadership appointments and organisational design changes. The LME appointments come into effect 1 April 2024. Susan Small is appointed as General Counsel, overseeing the legal function across LME and LME Clear. Ms Small will join in June and will report to both the LME and LME Clear CEOs. She joins from J.P. Morgan’s Corporate and Investment Bank (CIB), London where she is currently the Deputy General Counsel for the CIB in EMEA and the head of the EMEA Markets Practice Group. She holds a double bachelor’s degree in law and finance from the ... (full story)
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- From federalreserve.gov|Mar 6, 2024
Economic activity increased slightly, on balance, since early January, with eight Districts reporting slight to modest growth in activity, three others reporting no change, and one District noting a slight softening. Consumer spending, particularly on retail goods, inched down in recent weeks. Several reports cited heightened price sensitivity by consumers and noted that households continued to trade down and to shift spending away from discretionary goods. Activity in the leisure and hospitality sector varied by District and segment; while air travel was robust overall, demand for restaurants, hotels, and other establishments softened due to elevated prices, as well as to unusual weather conditions in certain regions. Manufacturing activity was largely unchanged, and supply bottlenecks normalized further. Nevertheless, delivery delays for electrical components continued. Ongoing shipping disruptions in the Red Sea and Panama Canal did not generally have a notable impact on businesses during the reporting period, although some contacts reported rising pressures on international shipping costs. Several reports highlighted a pickup in demand for residential real estate in recent weeks, largely owing to some moderation in mortgage rates, but noted that limited inventories hindered actual home sales. Commercial real estate activity was weak, particularly for office space, although there were reports of robust demand for new data centers, industrial and manufacturing spaces, and large infrastructure projects. Loan demand was stable to down, and credit quality was generally healthy despite a few reports of rising delinquencies. The outlook for future economic growth remained generally positive, with contacts noting expectations for stronger demand and less restrictive financial conditions over the next 6 to 12 months. Labor Markets Employment rose at a slight to modest pace in most Districts. Overall, labor market tightness eased further, with nearly all Districts highlighting some improvement in labor availability and employee retention. Businesses generally found it easier to fill open positions and to find qualified applicants, although difficulties persisted attracting workers for highly skilled positions, including health-care professionals, engineers, and skilled trades specialists such as welders and mechanics. Wages grew further across Districts, although several reports indicated a slower pace of increase. Employee expectations of pay adjustments were reportedly more in line with historical averages. post: FED'S BEIGE BOOK: ECONOMIC ACTIVITIY 'INCREASED SLIGHTLY, ON BALANCE;' 'SLIGHT TO MODEST GROWTH IN ACTIVITIY #BeigeBk #FederalReserve #economy post:
FED BEIGE BOOK: EMPLOYMENT ROSE AT A SLIGHT TO MODEST PACE IN MOST DISTRICTS. post:
FED BEIGE BOOK: THE OUTLOOK FOR FUTURE ECONOMIC GROWTH REMAINED GENERALLY POSITIVE, WITH CONTACTS NOTING EXPECTATIONS FOR STRONGER DEMAND AND LESS RESTRICTIVE FINANCIAL CONDITIONS OVER THE NEXT 6 TO 12 MONTHS. post:
FED BEIGE BOOK: CONSUMER SPENDING, PARTICULARLY ON RETAIL GOODS, INCHED DOWN IN RECENT WEEKS.
- From corporate.nordea.com|Mar 6, 2024
Four big EUR questions heading into the ECB meeting: 1) Will the ECB remain fixated on a first rate cut in June? 2) Is inflation momentum turning? 3) What’s in the upcoming ...
- From think.ing.com|Mar 6, 2024
There was nothing particularly surprising within Fed Chair Powell's prepared monetary policy testimony to Congress - which is pretty short in fairness – or the Q&A session. The ...
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- From bnnbloomberg.ca|Mar 6, 2024
US job openings remained elevated in January, suggesting demand for workers is still strong. Available positions edged lower to 8.86 million from a downwardly revised 8.89 million ...
- From scotiabank.com|Mar 6, 2024
The Bank of Canada met our expectations for it to lean against any sentiment it was moving toward easing policy in the near-term. Advice to pay nearer term contracts continues to ...
- From @DBNewswire|Mar 6, 2024|2 comments
post: Fed’s Kashkari: in December Had Expected Two Rate Cuts in 2024 -- WSJ Live Interview Fed’s Kashkari: Hard to See That I Would Now Expect More Rate Cuts post: FED'S KASHKARI: IF INFLATION FLARES AGAIN THAT COULD JUSTIFY RATE HIKE post: Fed’s Kashkari: Currently Thinking Two Cuts, Potentially One for 2024 post:
FED'S KASHKARI: IF THE ECONOMY CONTINUES TO BE HEALTHY, WHY WOULD WE CUT RATES?
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- Posted: Mar 6, 2024 2:25pm
- Submitted by:Category: Metals Industry NewsComments: 0 / Views: 168