Bank funding market: Pimco’s pricing power
When Italian lender UniCredit sold an entire €3 billion five-year senior non-preferred bond with a 7.83% coupon to US investment management firm Pimco in late November it was a demonstration of far more than the brutal impact that the country’s...
Bitcoin surges 17% in sudden move to above $8,000, then loses some ground
Bitcoin surged Thursday more than 17 percent in a sudden move to above $8,000 at one point, according to trading on Coinbase. The cryptocurrency hit a high of $8,011 on Coinbase. Trading was volatile and bitcoin was about 11.5 percent...
Trump tweets again on Syria, saying attack could be ‘very soon or not so soon at all’
President Donald Trump said Thursday that a U.S. missile strike on Syria may not be imminent. “Never said when an attack on Syria would take place. Could be very soon or not so soon at all! In any event, the...
Brazil’s Itaú Unibanco to launch Argentina brokerage
COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT PERMISSION OF THE PUBLISHER: CHUNT@EUROMONEY.COM By: Published on: Tuesday, December 04, 2018 A lower-profile announcement caught Euromoney’s eye after the bluster of the G20 meetings in Buenos Aires. Itaú Unibanco saddles up for a...
A Silicon Valley house that burned two years ago is now on the market for $800,000
A house that suffered major fire damage two years ago is on the market for $800,000 in San Jose, California. The listing, which has already attracted criticism online, would appear to be a clear example of Silicon Valley’s overheated housing...
Euro to Look into ECB Minutes for Guidance, Markets Steady in Asia
The Asian markets are relatively steady today as for now, there is no escalation in the situation in Syria. At the time of writing Nikkei is trading down -0.26% only while HK HSI is down -0.17%. Performance of US indices...
FOMC Minutes: Fiscal Stimulus During Full Employment Facilitates Inflation to Reach +2%
The FOMC minutes for the March meeting reinforced the members’ confidence over the economic growth outlook and that inflation would return to the +2% target in the medium-term. The confidence was mainly driven by the tax reform plan passed late...
Defense stocks outperform when US takes military action in the Middle East
Shares of defense companies tend to outperform the broader market when the United States takes military action in the Middle East, history shows. The S&P 500 aerospace sub-industry returned an average of 1.5 percent to investors a month after U.S....
Gold hits highest level since August 2016 in wake of Trump’s missile threat
Gold futures hit their highest price since August 2016 on Wednesday, rising as investors fled to perceived safe havens after President Donald Trump threatened a missile strike in Syria. Gold for June delivery climbed as much as 1.75 percent to...
Risk Aversion Comes Back on Syria Tension, Dollar Gets No Help from CPI
Risk aversion comes back to the markets today. Syria tension comes into spotlight and US-China trade war leaves the stage temporarily. DAX turned south at initial trading and never looked back. It’s currently trading down -1% at the time of...
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