Coinbase Global Inc., the leading cryptocurrency exchange in the US, will go public on the Nasdaq index on April 14!
Low rates weigh greatly on smaller German financial institutions
Extremely low official interest rates keep putting pressure on Germany's smaller financial instructions, as a couple of watchdogs reported on Wednesday.
The Bundesbank and BaFin, Germany's bank regulators, polled about 1,500 small as well as medium-sized banks, which account for up to 88% of institutions and also 41% of total assets.
As the findings revealed, financial institutions actually expect pretax revenue to go down by an overall 9% for the next five years.
It corresponds to a 16% sag in the banks' overall return on capital. Well, while abrupt, it’s still is less than the 25% sag in return on capital actually anticipated in last poll conducted two years ago.
Some financial experts state that the phase of stagnation provoked by low interest rates appears to be far from over.
Additionally, the regulators appreciated the fact that German banks were looking for alternative sources of income just to withstand low rates.
Today traders await the US inflation data to be out at 15:30 MT. Jump in to get fresh trade ideas for today!
The American inflation rate is announced on Tuesday at 15:30 MT. It’s an important event for traders as it will impact hugely currency pairs with the USD.
US retail sales will be out on Thursday, April 15, at 15:30 MT. It is a significant release for traders as it will impact the US dollar.
As the earnings season kicks in, JPMorgan is the first to impress us with the better-than-expected data!
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.