Is the US economic recession brewing? Moody's chief sees this "canary in the coal mine"...
① Moody's chief economist Mark Zandi warned that the rise in mortgage delinquency rates indicates a recession in the USA. ② He noted that borrowers from the Federal Housing Administration (mostly low- or moderate-income first-time home buyers) are facing financial pressure, with the national delinquency rate rising to 3.53% in February, 90% of which are Federal Housing Administration loans.
JPMorgan is discussing renting the former UBS Group headquarters office space located at KSM in London.
JPMorgan is in talks to lease the former UBS Group headquarters office space located at KSM in London. According to informed sources familiar with the negotiations, this Wall Street giant is looking to rent approximately 150,000 square feet (13,935 square meters) of space at 1 Cabot Square. Since acquiring UBS Group and taking over the leasing responsibilities from Credit Suisse, the firm has been seeking to sublease the property. Due to the confidential nature of the discussions, sources requested anonymity. They added that no agreement has been reached yet, nor is it guaranteed that an agreement will be made. If an agreement is reached, it will provide JPMorgan with additional office space at KSM.
Global economy's "ksm" October export growth slows down, bringing uncertainty from the USA election.
1. The data from Friday shows that south korea's export growth slowed to a seven-month low in October, below market expectations; 2. Due to the uncertainties surrounding the US election and the global economic cycle, the economic outlook of south korea faces risks.
"Ksm" warning: south korea's October exports cooled significantly, with chip exports slowing down.
South Korea's total exports increased by 1% in the first 20 days of October, a significant drop from the 7.5% growth rate for the entire month of September. Exports of petroleum products and wireless communications equipment plummeted. At the same time, amid concerns about chip demand, South Korea's semiconductor export growth rate has been slowing for several consecutive months.
Peak demand? Global economic 'ksm' warning: technology product exports fall for two consecutive months.
①The latest monthly data released by the South Korean government shows that South Korea's technology product exports have slowed down for the second consecutive month, indicating that global demand may be peaking; ②Meanwhile, both the shipment volume and price of storage chips have lost momentum for growth.
Global economic 'ksm' export growth slowed down, while semiconductor exports still surged by 50.2%.
Early trade data from South Korea shows that export growth has slowed down this month.
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