Higher loan-loss reserves drag on Q3 net income, despite revenue gains
Vacancies and wages were flat, signalling a softening
As financing conditions stay tight, repeat offenders elevate defaults
High valuations, uncertainties loom in second half
Refinancing activity drove new issue spike, even as defaults rise
Year-over-year inflation reached its lowest level in more than three years in July
Market cap rose, alongside trading volume and value, group reports
Rise in jobless rate driven by growing labour force, rather than layoffs
Internal review, external assessment slated to be published toward end of 2024
Weak market signals disinflation, need for more rate cuts, company report says