Goldman Sachs lowers USD/BRL forecast on trade, carry strength

Blue Owl permanently restricted withdrawals from its $1.6bn private-debt fund, selling $1.4bn of loans at 99.7% of par and planning a 30% NAV distribution in Q1. El-Erian questioned whether it’s an early warning sign for private credit, though not a 2008-scale threat. Summary: $1.6bn Blue Owl Capital Corp. II fund permanently restricts investor withdrawals. Blue…

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On Friday, the Dow Jones (US30) surged by 1.89% (+1.49% for the week). The S&P 500 (US500) gained 1.52% (+0.34% for the week), and the tech-heavy Nasdaq (US100) closed 1.54% higher (down -0.56% for the week). The US stocks skyrocketed on Friday after Fed Chair Jerome Powell’s speech at Jackson Hole signaled a potential September…

China’s Commerce Ministry is out with a statement and it doesn’t look like they want a quick deal with the USA: China’s rare earth export control measures are “legitimate” Rare earth export control measures designed to better safeguard world peace and regional stability Rare earth export control measures designed to better fulfill international obligations such…

It was quad witching in the equity market and that played a big role in today’s trading. S&P 500 down 0.2% Nasdaq Comp down 0.2% Russell 2000 up 0.2% DJIA flat Toronto TSX Comp down 0.1% On the week: S&P 500 +0.6% Nasdaq flat DJIA +1.4% The candle on the Nasdaq could be nothing or…

The broader indices closed higher with the S&P and NASDAQ at record closing levels once again. The Dow industrial average is within 113 points after getting within four points earlier this week before rotating lower. All three major indices closed higher for the week. A snapshot of the closing levels: Dow industrial average up 208.01…