AGP Executive Report
Last update: 40 minutes agoMarkets: U.S. stocks climbed Friday to finish a record-setting week higher, but rising Treasury yields and volatile oil prices kept investors cautious. The 10-year yield reached 5.24%, its highest level since 2002, as inflation and government debt concerns lifted borrowing costs. Investor Flows: Investors poured $166 billion into cash funds in a week, with Bank of America saying they appear reluctant to move back into riskier assets. Banking: Ghana’s Prudential Bank secured a GH¢1.13 billion capital injection from Bloom Africa Holdings, strengthening its balance sheet and capacity to lend. Financial Regulation: EU countries agreed to shift oversight of major financial markets to the bloc’s securities authority, ESMA, in a push to centralize supervision. Telecoms: Shares in U.S. and European telecom companies slumped after SpaceX acquired low-band spectrum, raising concerns about new competition.
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