FT News Briefing Monday, July 15
Jul 15, 2019
The acting IMF chief is advocating for a monetary stimulus, hinting at major shifts from top central banks. Warner Music continues to expand its reach with the acquisition of First Night Records. Investors are anxiously awaiting results from U.S. banks, facing concerns over profit drops and the implications of lower interest rates. Insights emerge on how bank executives' tone in earnings calls will shape market perceptions. It's a time of strategic moves amid economic pressures that could affect investment strategies.
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Monetary Stimulus
- The acting IMF chief, David Lipton, supports further monetary stimulus by central banks.
- He believes this is necessary due to slow growth and downside risks, even if it reduces future ammunition.
Warner Music Acquisition
- Warner Music acquired First Night Records, home of musicals like "Les Miserables" and "Mary Poppins."
- This acquisition aims to expand Warner's revenue streams into family-friendly music and underserved genres.
Earnings Recession
- U.S. equity investors anticipate a second consecutive quarterly profit decline.
- This "earnings recession" is the first since 2016 and raises concerns about economic growth.