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Copernicus Climate Change Service: Global temperatures continue to rise above 1.5°C, making this September the second warmest September on record.On October 12th, DBS Group CEO Shushan Chen stated that the market is reassessing the risks associated with investments in artificial intelligence (AI) infrastructure, which could lead to a more cautious AI financing environment. She said, "The market has sent a signal. This isnt a bad thing, because investors are now demanding higher returns and paying more attention to financing structures." Chen pointed out that the market is examining whether the large amounts of capital invested in the AI capital expenditure ecosystem can generate sufficient long-term returns to ultimately repay debt, bond, or equity investors. DBS believes that some weaker companies may face the risk of credit rating downgrades. However, Chen believes this risk repricing is "healthy" because the market wants to ensure that large-scale AI investments are sustainable and have long-term profitability. She stated, "The market is confirming whether these huge investments are truly sustainable." Chen revealed that DBS has participated in approximately $20 billion in AI-related transactions this year, mostly as the lead arranger for syndicated loans, but the bank itself only holds a small portion of the risk exposure.A subsidiary of Indonesias state-owned oil company, Petronas, signed a purchase agreement with Italys Eni to acquire interests in three oil and gas blocks.On Monday, October 12, the Hang Seng Index opened 223.58 points higher, or 0.92%, at 24,434.93; the Hang Seng Tech Index opened 43.23 points higher, or 1.03%, at 4,241.07; the H-share Index opened 81.45 points higher, or 1.0%, at 8,229.32; and the Red Chip Index opened 12.18 points higher, or 0.3%, at 4,061.13.Hang Seng Index futures opened 0.85% higher at 24,398 points, a premium of 187 points.

USD/CHF Jumps on a Weak Open Near 0.9310, Tracing the DXY's Recovery

Drake Hampton

Apr 11, 2022 10:46

  • USD/CHF has shrugged off the bearish opening and is aiming for last week's high of 0.9370.

  • The Fed's big interest rate hike is premised on a forecast of a higher US CPI print of 8.3 percent.

  • Mester of the Federal Reserve anticipates that inflation will remain elevated even next year.

 

The USD/CHF pair is surging higher on Monday following a slightly negative starting gap at approximately 0.9310. Typically, a stronger positive response by market players following a gap-down opening signal a bargain purchase for investors.

 

The pair is extending last week's optimism, as the Swiss unemployment rate remained constant at 2.2 percent, supporting the strong greenback against the Swiss franc.

 

The asset is tracking the US dollar index (DXY), which is predicted to continue printing huge swings as investors await Tuesday's release of the US Consumer Price Index (CPI). This will have a substantial impact on the Federal Reserve's (Fed) probable monetary policy move in May.

 

The market consensus estimates annual US inflation at 8.3 percent, far higher than the prior number of 7.9. On the inflation front in the United States, Cleveland Federal Reserve (Fed) president Loretta Mester indicated on Sunday that inflation will continue high this year and next despite the Fed's gradual slowing of price hikes, according to Reuters. To keep inflation below the target of 2%, a reasonable healthy time is required, and the Fed is expected to maintain a robust hawkish position until then.

USD/CHF

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