Dollar Supported by Wage Growth Despite NFP Miss, No Drama from China’s Brief Press Briefing
Reactions in the financial markets to the escalation in US-China trade tensions remain rather mild. Nikkei closed down just -0.36% today. European indices are in red at the time of writing. But DAX is down -0.5%, CAC down -0.3% and...
MGM could be interested in buying casino rival Wynn, report says
MGM Resorts may be interested in buying its casino rival Wynn Resorts, according to a report in the New York Post on Friday. MGM’s expressed interest in Wynn came from back-channel approaches, sources familiar with the situation told the Post....
Capital markets: The human factor
Last December, Euromoney wrote of the threat posed by automation to those who make their livelihood from the primary debt capital markets. An industry drive for lower cost and greater efficiency is coupling with regulatory pressure for transparent allocations to...
As Trump Seeks Attentions With Trade Tensions Escalation, Markets are Looking Forward to Non-Farm Payrolls Instead
Trade war comes back to headline as US President Donald Trump announced his intention to triple down on the tariffs on Chinese imports. But so far, market reactions are muted. Major forex pairs are trapped in yesterday’s range, just with...
Top MBA programs beef up cryptocurrency courses to keep up with demand
Some of the top MBA programs in the world are adjusting their curriculum after last year’s mania around bitcoin. Stanford Graduate School of Business, Wharton School of the University of Pennsylvania and Georgetown University’s McDonough School of Business are expanding...
Regional and domestic trade growth prompted by more than protectionism
Asked for their views on the state of the current market, 61% of respondents thought countries were becoming more protectionist. Companies are looking towards their close neighbours to forge trade partnerships, with 74% of trade in Asia-Pacific and Europe being...
US households owe $25 billion in taxes on cryptocurrencies, analyst Tom Lee estimates
U.S. households likely owe $25 billion in capital gains taxes for their cryptocurrency holdings, which could result in “massive” selling of the digital currencies into U.S. dollars by the mid-April tax filing deadline, one Wall Street analyst said. “This is...
Shares of Citi and Wells Fargo rise after UBS upgrades both to buy
Shares of Citigroup and Wells Fargo rose Thursday after an analyst at UBS upgraded both stocks to buy. Citigroup’s stock was up 1.1 percent, while Wells Fargo gained by 0.9 percent. UBS changed its rating on Wells Fargo from neutral...
Barclays upgrades Merck, downgrades competitor Pfizer
Barclays upgraded Merck to overweight from equal weight on better opportunities versus its competition. It also downgraded Pfizer to equal weight from overweight, citing a less likely chance of a “transformative” acquisition. Analyst Geoff Meacham and his team also raised...
Traders shrug off Mifid II impact on transparency and liquidity
Three months on from the implementation of the recast Markets in Financial Instruments Directive (Mifid II), the new trading and reporting rules have had little positive impact on market transparency, but have not adversely affected liquidity, according to senior fixed...
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