Macquarie CEO Says Deal Volumes Picking Up As Confidence Returns [BNN Bloomberg (Canada)]
Palantir Technologies Inc. Class A (PLTR)
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Source: BNN Bloomberg
The period of caution when people sat out of the market is starting to end, Wikramanayake said Tuesday at the bank's Australian investment conference in Sydney. “Generally growth has been resilient globally. While we don't know the pace at which central banks are going to start cutting rates, the fact is that we are getting more confidence and certainty on where rates are going,” she said. “That's giving the market more confidence. All the US banks have reported their pipelines picking up. We're certainly seeing that as well.” Wikramanayake's comments come after Macquarie last week reported earnings that missed estimates as a plunge in profit from its commodities and global markets business dragged on the firm's performance. ©2024 Bloomberg L.P. Top Picks Top Stories Young Canadians feel poorer in warning sign for economy, Trudeau TD risks 'lost decade' in U.S. money-laundering scandal, Jefferies says Bonds may no longer be the safe part of your portfolio: Berman Pa
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PLTR
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