Global Forex and Fixed Income Roundup: Market Talk
The latest Market Talks covering FX and Fixed Income. Published exclusively on Dow Jones Newswires throughout the day. 1131 GMT - KPMG continues to expect one performative interest rate increase from the Bank of Canada, and now sees that coming in December. Markets are pricing in four increases by the end of 2027, which KPMG doesn't reckon is sensible. A single increase is about financial dominance and the need to demonstrate central bank credibility, rather than any worry about the current fundamentals, KPMG argues. The Bank of Canada is likely to send a strong signal at the October meeting, act in December, then hold tight for the foreseeable future, it says. (robb.stewart@wsj.com; @RobbMStewart) 1120 GMT - Tokenization, or the ability to convert real-world assets into digital tokens, will become the new normal as private companies and politicians push to bring the technology into the mainstream, Union Investment's head of tokenization and digital assets Christoph Hock says. "Politicians are driving the shift into a redefinition of financial market infrastructure," Hock says at the Digital Assets week conference in London. Central bank interest in developing their own tokenization capabilities is encouraging, and adds to progress from private companies in bringing the technology into the mainstream. "The ingredients are all there" for tokenization adoption to significantly increase, Hock says. (josephmichael.stonor@wsj.com) 1109 GMT - CGI's declining job postings could suggest pressure on near-term organic growth, according to a research note by RBC. Analyst Paul Treiber says that CGI's job postings declined 25% year-over-year, deteriorating of a decline of 8% last quarter, which has "underperformed the broader IT services market, where postings rose 14% year-on-year." The data suggest that CGI organic growth may fall short of his estimates, which was for a decline of 0.2%. Treiber adds that the job data also suggest a softer near-term demand environment, further pointing to CGI's bookings last quarter which we
Dow Jones•2026-10-06 11:31
