BlackRock halts withdrawals from $4.2 billion U.K. property fund
BlackRock has suspended withdrawal requests from investors in its £3.5 billion ($4.2 billion) U.K. property fund, in a move that highlights the sector's ongoing challenges when markets are volatile. The world's largest asset manager told clients in the BlackRock UK Property Fund in the past few days that it will defer redemption requests made at the end of September 2022 and due around now, according to a person familiar with the matter.
Inflation...
weekend humor...
It seems ChatGPT is disrupting Internet. Now, it is Google the one that can be disrupted.
Welcome to You.com the first app that combines ChatGPT connected to Google
Probably one of the best Steve Jobs quote ever
Source: Finimize
Bitcoin is growing faster than every financial company and bank in history
Source: Documenting Bitcoin
Nasdaq 100 year-on-year returns have been in the red for an unusually long period of time
Investors aren't used seeing red anymore... Source: Compounding Quality
Euro-Zone inflation’s sharp drop to single-digit masks underlying pressures
Euro-Zone prices rose by 9.2% in December which is lower than economists consensus expectations (9.5%). However, core inflation hits record-high 5.2%. ECB rate hikes cycle is likely to continue. Source: Bloomberg, HolgerZ
ECB Balance Sheet keeps shrinking
ECB total assets drop by another €29.7bn due to quarter-end adjustments (-€42.7bn) to €7,955,8bn, the lowest level since July 2021. ECB Balance Sheet now equals 61% of Eurozone GDP vs Fed's 33% and BoJ's 126%. Source: Bloomberg, HolgerZ
