News list for "JP Morgan"
According to Bloomberg, JPMorgan Chase & Co is considering offering cryptocurrency trading services to its institutional clients as the world's largest banks deepen their involvement in the cryptocurrency asset class. JPMorgan is evaluating what products and services its markets unit can offer to expand its presence in the cryptocurrency space, according to a person familiar with the matter. These products and services could include spot and derivatives trading, the person said.
JPMorgan economist Ayako Fujita said in a note that the Bank of Japan may continue to raise interest rates to ease concerns about the weakness of the yen. Bank of Japan Governor Kazuo Ueda said at a press conference on Friday that some committee members have expressed concerns about the impact of the weaker yen on future inflation. Many reporters have questioned whether the continued depreciation of the yen is because the Bank of Japan has delayed policy adjustments. JPMorgan expects the Bank of...
Yuxuan Tang, global market strategist at JPMorgan Private Bank, said all eyes now turn to the press conference of Kazuo Ueda, governor of the Bank of Japan. We will be closely watching his remarks on real interest rates, which are still deeply negative, and what this means for the future policy path. His outlook for the upcoming "Chun Doo" wage negotiations is also crucial. The outcome of Chun Doo will largely determine the timing of the next rate hike move. The Bank of Japan is taking a cautiou...
JPMorgan analysts reiterated that they do not expect the stablecoin market cap to reach the trillion-dollar level, with a total market cap expected to be around $500 billion to $600 billion by 2028. They said that demand for stablecoins remains primarily driven by cryptocurrency trading activity, while growing use in the payments space may not materially increase supply due to growing competition from tokenized bank deposits and central bank digital currencies.
JPMorgan Chase has deployed its digital deposit token, JPM Coin, to Coinbase's Base blockchain, marking the Wall Street giant's first large-scale access to the public chain ecosystem. JPM Coin is different from stablecoins and is a digital mapping of bank deposits with interest, which can only be transferred between whitelisted users. The move responds to institutional customers' demand for using bank deposit products on the chain, and is currently mainly used for collateral and margin payments ...
Many economists and market participants expect the BoJ to raise interest rates at a rate of roughly every six months. JPMorgan economist Ayako Fujita falls into this camp, but notes that the exact timing will also depend on the government's macroeconomic stance. "Markets are likely to remain skeptical that the BoJ will be able to move forward with monetary policy normalisation without friction with the government. Ultimately, the pattern of yen depreciation supporting BoJ rate hikes is likely to...
Oracle Inc. (ORCL. N) 's aggressive artificial intelligence spending plans have put its bonds in the spotlight as Wall Street looks for cracks in the artificial intelligence boom. JPMorgan credit analyst Erica Spear expects the pressure on the company's bonds to continue over the next year. Last week, Oracle's share price fell the most in nearly 11 months, and its credit risk indicator also climbed to a 16-year high. The company's earnings report showed that closing...
JPMorgan Chase (JPM. N) CEO Dimon: Hassett is likely to cut interest rates.
JPMorgan arranged to create, distribute, and settle a short-term bond for Galaxy Digital Holdings LP on the Solana blockchain as part of an initiative to leverage the underlying technology of cryptocurrencies to enhance the efficiency of financial marekting. The $50 million U.S. commercial paper was purchased by Coinbase and asset manager Franklin Templeton in USDC stablecoin issued by Circle Internet Group Inc., the companies said in a statement Thursday. Redemptions at maturity will also be pa...
JPMorgan analyst Bob Michele said the FOMC's decision was "not the worst-case scenario. There could have been more dissenting votes against not cutting rates".
