FX specialist Monex aspires bigger presence in PE, funds
Monex Europe S.A., a commercial foreign exchange specialist, has relocated to a larger office in downtown Luxembourg to accommodate its growth and future expansion plans and ambitions to expand its services in private equity and investment funds.
Golergant joins Biondi to co-direct Monex Luxembourg
Monex Europe S.A., a Luxembourg-based specialist in commercial foreign exchange, announced the appointment of Percy Golergant as executive director for Luxembourg. He will work alongside Carlo Biondi, who has held the role of executive director since March 2021.
Golergant and Biondi will co-direct the Luxembourg office’s operations. This includes streamlining its IT solutions, enhancing risk management services, and driving sales in the market.
‘ECB should raise the deposit rate to 4, 5 or even 6 percent’
Eurozone interest rates will rise further in the near future as evidence grows that inflation has become entrenched, leaving the European Central Bank no option but to continue to hike its policy rates. At Ethenea, ECB watchers believe official deposit rates could more than double from current levels.
Fed hikes 50bps, raises terminal rate above 5%
The Federal Reserve last night raised the target range for the federal funds rate by 50 basis points to 4.25-4.5 percent, rounding off a cumulative tightening of 425 basis points this year.
Markets ‘vulnerable to hawkish surprises’ as Fed, ECB meet
The European Central Bank on Thursday is poised to increase interest rates again. Economists and fixed income specialists expect a hike of 50 basis points - following two consecutive 75 point hikes - with markets watching for official signals that point towards further rate hikes next year.