Crude Oil: Oil Trading Flat In The Asian Session
For the 24 hours to 23:00 GMT, Crude Oil declined 2.14% against the USD and closed at USD68.10 per barrel on Friday. Separately, fresh figures from Baker Hughes disclosed that the number of active US oil rigs fell by 5...
Sharp Rally in 10 Year JGB Yield Takes Yen Higher, Dollar Stays Weak
Yen trade broadly higher today as boosted by the steep rally in 10 year JGB yield. That also sends Nikkei sharply lower as it’s down -333 pts or -1.47% at the time of writing. Other Asian markets are steady thought...
Facebook and 3 millennials are changing the start-up scene in Bangladesh
In Bangladesh, as across the world, millions of people log into Facebook every day. But rather than looking for escape from the stresses of the workplace, for many of those people Facebook is the workplace. That’s because, behind a screen...
Trade war sparking an ‘absurd and ridiculous’ price for safety stocks, $3b money manager warns
A popular protection strategy against the U.S.-China trade dispute may soon collapse. Mayflower Advisors’ Larry Glazer warned recently that a lot of investors are setting themselves up for pain by paying an “absurd and ridiculous premium” for small cap stocks....
Why a market veteran thinks Wall Street is letting fear overtake rational investing
Zachary Karabell is concerned there’s too much fear on Wall Street, based on one particular question from his clients. “It’s ‘why aren’t the markets going down because there is so much negative news,'” the River Twice Capital president told CNBC’s...
How Did Stocks, Bonds and Dollar React to Trump’s Attack on Fed?
Dollar was sold off sharply on Friday but, after all, it ended the week only as the third weakest. Sterling was the worst performing one after triple data disappointment, most notably CPI. The once done-deal BoE August rate hike is...
Weekly Economic and Financial Commentary: Slack Remains in the Economy, but Signs of Tightening
U.S. Review Slack Remains in the Economy, but Signs of Tightening Retail sales rose 0.5 percent in June, while May’s gain was revised up from 0.8 percent to a robust 1.3 percent. The overall strong pace of retail sales growth...
The Weekly Bottom Line: Happy-Go-Lucky Fed Presses On With Rate Hikes
U.S. Highlights Economic data was a mixed bag this week: retail sales were a bright spot, but housing starts unexpectedly plunged in June. Trade developments continued to make headlines, with Donald Trump announcing he was prepared to extend duties on...
Dollar Rally Ends With Trump Monetary Policy and Currency War Comments
The USD fell against major pairs on Friday after US President Donald Trump tweeted that China and the EU manipulate their currency. Trade war escalation has reached a second phase at a time when American politics are having an identity...
European SMEs: Doing banking well is not so complicated
Funding small business investment should be core to banking’s function in society, but for many banks these are unattractive borrowers – risky, small and idiosyncratic. As the chief executive of one of Europe’s biggest banks tells Euromoney, it is much...
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