Fintech Focus For July 19, 2021
Co-founder matching platform live. Banks eye pressure amid recovery. Market Moving Headline: The drop wasn’t entirely uncalled for. Into the seasonally-aligned price rise led by the Nasdaq 100 and S&P 500, inflows decelerated and breadth weakened. At the same time, a measure of inflation – via the Consumer Price Index (CPI) – rose the largest since the Global Financial Crisis. In response, the 5s30s curve resumed its flattening and the 10-year U.S. Treasury yield ended little changed. Key Takeaways: Equity index futures spike lower in their attempt to discover fair prices for two-sided...