QT Will Soon Begin to Bite With 10% Hit to Liquidity, BNP Warns -4%<------------- On The Way./ (Bloomberg) -- The unwinding of balance sheets by major central banks will soon begin to bite, causing a massive siphoning of liquidity from markets, hitting risk assets while driving bond yields and the dollar higher, according to BNP Paribas SA. A 10% contraction in global liquidity would correspond to a 4% decline in stocks, an appreciation of at least 2% for the greenback and an initial jump of over 10 basis points for Treasury 10-year yields, the bank’s strategists said in a note. Alongside rate-hiking, the Federal Reserve has been engaged in quantitative tightening for about a year and the European Central Bank stopped reinvesting the full proceeds of its asset purchases a few months ago. But a mix of factors, including the fact that the Treasury had to slash its cash buffer before Washington pushed through a debt-limit suspension, have prevented the typical drain of liquidity. That’s all changing now, the bank’s strategists said. These types of contractions impact assets with a lag, the pain of the lost liquidity to build over time — historically taking about 10 weeks to fully work through markets, BNP’s global head of macro strategy Sam Lynton-Brown and his colleagues wrote. They project liquidity to fall as much a 9% by the end of September and up to 11% to wrap up the year. In a more extreme case, a contraction of global liquidity as large as 16% is likely, according to them. “Global liquidity is an important driver of various assets,” Lynton-Brown said. “It therefore also impacts financial and monetary conditions. Rising global liquidity is likely one of the key reasons rate hikes in this cycle have had a smaller than had been widely anticipated impact on the economy.” But “the wind is about to turn,” the BNP team said. “A tightening of liquidity may have a large impact on assets.” Initially, government debt yields would rise, with the higher borrowing costs hitting other assets, BNP’s analysis shows. Later on, Treasury yields would likely fall amid haven-related demand.
WHY? My wife she has to be tricky. She won't wait for me to finish reading the damn operating instructions on the washer and insists on doing crazy shit. " delicate " Please women! " mid something" "gentle something" ... I mean ENOUGH! Just do a load of damn towels full force... Now I have to worry about the water not running fast enough....
I think I bumped into Ted this morning- Around $5.40 Description Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations in China. The company's products portfolio includes cloud products, including infrastructure as a service (IaaS) infrastructure, platform as a service (PaaS) middleware, and software as a service (SaaS) applications that primarily consist of cloud computing, storage, and delivery solutions. It offers research and development services, as well as enterprise digital solutions and related services. The company also provides public cloud services to customers in various verticals, including video, game, entertainment, e-commerce, education, traveling, advertising, intelligent mobility, office automation, artificial intelligent, and mobile internet; and enterprise cloud services to customers in financial service, public service, and healthcare businesses. Kingsoft Cloud Holdings Limited was incorporated in 2012 and is headquartered in Beijing, the People's Republic of China.
2W-6W 6W-9M 9M+ Kingsoft Cloud Holdings Limited BEIJING, June 09, 2023 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“we,” “Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading independent cloud service provider in China, today announced that the board (the “Board”) of directors (the “Directors”) of the Company informs shareholders of the Company (the “Shareholders”) and potential investors that, Mr. Zou Tao (“Mr. Zou”), an executive Director, the Vice Chairman of the Board and the Chief Executive Officer of the Company, informed the Company that, during this week, he had purchased an aggregate of 2,000,000 ordinary shares of the Company at a weighted average price of HK$2.625 on the open market. The share purchases were not conducted pursuant to a trade plan or program. The Board has been further notified by Mr. Zou that, in the future, he and possibly the management team may further purchase shares of the Company from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. Mr. Zou commented, “I am excited at leading Kingsoft Cloud, fully confident in the Company’s strategy, execution and long-term prospects, and I will continue to be committed to the Company’s future development.” The Company will continue to uphold the principle of high-quality and sustainable development, build success based on technology and innovation, forge our reputation throughout the entire business process with customer centricity, and enhance our business and operations management, as we strive to reward our shareholders for their support. >>>