Daniel Pinto, co-president and co-COO at JPMorgan Chase & Co., told Bloomberg Television that he sees a possible 20% to 40% correction in equity markets in the next two or three years. Pinto also said that markets are "nervous" and that investors could react badly if President Donald Trump's tariffs on steel and aluminum go beyond what has been announced.
In banking
Voya Holdings Inc.'s two investment adviser
Interbank messaging platform SWIFT has published the final results of a blockchain
And in regulatory
In other parts of the world
Asia Pacific: QBE sells stake in Australian broker; Bank Central Asia FY'17 profit rises 13%
Europe: ECB holds rates; Swiss Raiffeisen chair resigns; ING boss pay hike draws ire
Middle East & Africa: Sanlam in $1B Morocco deal; KCB banks on mobile payments; Tunisian dinar warning
The day ahead
Early morning futures indicators pointed to a mixed opening for the U.S. market.
In Asia, the Hang Seng increased 1.11% to 30,996.21, and the Nikkei 225 increased 0.47% to 21,469.20.
In Europe, around midday, the FTSE 100 was up 0.04% to 7,205.96, and the Euronext 100 was up 0.09% to 1,027.03.
On the macro front
The employment situation report, the wholesale trade report and the Baker-Hughes Rig Count report are due out today.
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