wellsfargo

Агентство Fitch заявило, що використання стейблкоїнів, токенізація депозитів і блокчейн‑технології хоч і підвищують прибутковість, але несуть репутаційні, операційні та регуляторні ризики.
🔻 Якщо банки не зможуть впоратися з волатильністю, анонімністю та ризиком втрати активів — їхній кредитний рейтинг може бути знижено.
🏦 У зоні ризику — JPMorgan, Bank of America, Citi, Wells Fargo.

📉 Fitch також занепокоєне впливом стейблкоїнів на ринок держоблігацій США.

#JPMorgan , #BankofAmerica , #Citi , #WellsFargo #bINANCESQUARE

BREAKING: #Bitcoin vs. $300 Trillion Bond Market?!
A massive claim is going viral online:
#WellsFargo — a $250B giant — reportedly hinted that $BTC could disrupt the $300 TRILLION global bond market!
Whether confirmed or not, one thing is crystal clear: Big banks are no longer ignoring Bitcoin.
They’re watching it… and some are already investing.
If Bitcoin captures even a tiny slice of that $300T market,
we’re not talking $100K BTC…
We’re talking global financial reset!

Mixed Momentum in Global Activity
This week brought a mix of economic data releases across major foreign economies. In the United Kingdom, growth remained positive but subdued in Q3, with GDP expanding 0.1% quarter-over-quarter—slightly below consensus—and 1.3% year-over-year. Consumption and business investment held up well: Household spending rose 0.2% quarter-over-quarter, in line with expectations, while business investment surged 1.8%, far exceeding the anticipated 0.4%. However, monthly GDP data for September painted a less upbeat picture, contracting 0.1% month-over-month versus expectations for a flat reading. Other activity indicators were similarly soft: Industrial and manufacturing production both surprised to the downside, while services grew 0.2%, slightly above expectations. Wage growth also slowed more than anticipated. Average weekly earnings rose 4.8% in the three months to September versus a year earlier, while earnings excluding bonuses eased to 4.6%. We view this combination of sluggish GDP and moderating wage growth as consistent with continued Bank of England (BoE) rate cuts. We expect a 25 bps cut in December, followed by a quarterly pace next year, bringing the policy rate to 3.25% by Q2-2026. Risks are tilted toward fewer cuts if fiscal policy turns more supportive, particularly amid reports that the government may scrap planned income tax hikes in the Nov. 26 Budget.
Down under, Australia’s October labor market report delivered encouraging results. Employment rose by 42.2K—well above consensus expectations for a 20K gain—largely offsetting September’s disappointing print. Notably, the increase was driven entirely by full-time positions, which surged by 55.3K, while part-time roles fell by 13.1K. The unemployment rate also dropped to 4.3%, beating forecasts for a modest decline to 4.4% after September’s sharp rise to 4.5%. This week’s data reinforces our base case that the Reserve Bank of Australia (RBA) will hold rates steady at its upcoming meeting in December. However, we do not believe the easing cycle is over yet, with rate cuts expected by Q1-2026, though risks are tilted toward a possible delay into Q2. *Turning to emerging markets, China’s October activity data was broadly disappointing, reinforcing concerns about weak momentum heading into 2026. Industrial production missed consensus expectations, coming in at 4.9% year-over-year. The slowdown likely reflects the impact of anti-involution policies, which appear to be constraining industrial activity. Meanwhile, retail sales slightly exceeded forecasts at 2.9%, though this still marked a deceleration from the prior month, as persistent deflationary pressures and weak consumer sentiment continue to weigh on the sector. These readings remain subdued by historical standards and underscore that the government’s stimulus measures have so far failed to generate sustained economic traction, with limited policy space for additional support. Looking ahead, we maintain our forecast for Chinese GDP growth at 4.9% in 2025, followed by a moderation to 4.3% in 2026. However, risks to our longer-term outlook remain skewed to the downside, given structural headwinds such as demographic challenges, property sector stress and constrained fiscal capacity. SOURCE Wells Fargo. #usa #WellsFargo $BTC