J.P. Morgan whistle-blower is awarded a record $30 million from U.S. derivatives regulator
A J.P. Morgan Chase whistleblower will receive about $30 million for providing crucial information to a successful Commodity Futures Trading Commission investigation into the biggest U.S. bank. The award was the largest in the history of the program, the CFTC...
Trump’s tariffs are unlikely to cause a recession because they are leaving the most important part of the economy alone
The tit-for-tat trade war between the United States and China is not likely to cause a recession, according to MKM Partners, a Wall Street equity research and trading firm. The growing conflict between two of the world’s largest economies is...
Dollar Shrugs off Soft CPI, Pushes Yen to 6-Month Low
The Japanese yen continues to post losses this week. In Thursday’s North American session, USD/JPY is trading at 112.50, up 0.44% on the day. On the release front, the focus is on inflation reports. CPI edged down to 0.1%, shy...
Aussie Eyes Raft of Chinese Data as Trade Tensions Lurk in the Background
China will release its monthly trade balance data during the Asian session Friday, which will be followed by the nation’s quarterly GDP figures for Q2 early on Monday, alongside fixed asset investment, industrial production, and retail sales prints. The aussie...
Risk Appetite Unmoved by ECB Accounts, US CPI, Brexit White Paper, Nor NATO Showdown
Return of risk appetite is probably the main theme in the markets without a main theme today. There are quite a number of “high-level” events today, ECB meeting accounts, US CPI release, UK’s Brexit white paper, and the NATO showdown....
Fed official: ‘We could end up getting behind if we don’t keep moving things up’
Members of the Federal Reserve are telegraphing two more rate hikes this year, with Federal Open Market Committee voting member Loretta Mester on Wednesday repeating the central bank’s expectation for the next six months. “The economy can certainly handle two...
Consumer prices rise at the fastest pace in 6 years
U.S. consumer prices barely rose in June, but the underlying trend continued to point to a steady buildup of inflation pressures that could keep the Federal Reserve on a path of gradual interest rate increases. The Labor Department said on...
US weekly jobless claims fall to a two-month low
The number of Americans filing for unemployment benefits fell more than expected last week, hitting a two-month low, in a sign that labor market conditions remained robust in early July. Initial claims for state unemployment benefits dropped 18,000 to a...
Brazilian Trump offers hope, but less expectation, say risk analysts
Eye on the prize: But football fan Jair Bolsonaro’s chosen team is vulnerable to attack down the right wing… The elections in October demonstrated solid public support for the outspoken, right-wing Rio de Janeiro congressman and retired military officer Jair...
Why ING is turning back to insurance
ING’s announcement in June of a new insurance distribution agreement with France’s Axa comes after a tough period for the Dutch lender. Its share price performance has been worse than any other large-cap bank in Europe, notes Citi research. In...
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