Investment banks in 2Q18, part 2: DCM, ECM and advisory
[Read part 1 of our analysis here for coverage of group and CIB results. Part 3 tomorrow will cover FICC and Equities.] DCM 2Q18: DOWN 4%Biggest rise: Morgan Stanley (7%)Biggest fall: Citi (-20%) TTM: UP 2%Biggest rise: Goldman Sachs (22%)Biggest...
Aussie Unmoved By Narrower China Trade Surplus
Both imports and exports higher than estimate Imports rose 27.3% y/y in US dollar terms, the fastest pace of growth since January, and beat economists’ forecasts of +16.2% by a large margin. Exports also topped estimates, rising 12.2% y/y, defying...
Dollar Consolidates Expecting Possible Rally
Financial markets rise on positive sentiments about earnings and China’s fiscal stimulus. That pushed down the demand for USD, but more likely it is just a step back before the jump. American indices added yesterday on strong earnings reports, where...
Euro Rebound Accelerates as China Turned to EU for Imports Overwhelmingly Amid Trade War with US
Euro trades broadly higher in Asian session today, except versus New Zealand Dollar. The common currency is extending this week’s powerful rebound. Meanwhile, Canadian Dollar is trading as the weakest one, followed but Dollar as the second weakest. For the...
European stocks lower on earnings, new trade tariffs; Nokian Renkaat jumps 4%
European stocks traded lower on Wednesday morning, as investor kept a close eye on corporate earnings and trade tensions. The pan-European Stoxx 600 was 0.23 percent lower with most sectors in the red. Retail was among the worst-performing sectors in...
After-hours buzz: SNAP, PZZA & more
Check out the companies making headlines after the bell: Snap stock rose as much as 11 percent in the extended session after reporting a smaller-than-expected loss of 14 cents per share for the second quarter, 3 cents less than the...
Tesla shares rise on report Saudi Arabia sovereign wealth fund has $2 billion stake
Saudi Arabia’s sovereign wealth fund has acquired a significant position in Tesla shares, according to the Financial Times. The media outlet said the Saudi’s Public Investment Fund bought a 3 percent to 5 percent stake in the electric car maker,...
RBNZ to Maintain Flexible Stance, Downside Risks Linger for Kiwi
The Reserve Bank of New Zealand (RBNZ) is widely anticipated to keep interest rates unchanged when it announces its rate decision on Wednesday at 2100 GMT. Given mixed developments lately, officials are unlikely to alter their message from the latest...
Cannot Keep the ‘Big’ Dollar Down
The European and Asian sessions were happy to book ‘long’ dollar profits, but North America has decided to renew their acquaintance with the dollar bulls. A lack of major economic data releases and a stabilizing Chinese yuan overnight provided a...
Open jobs outnumber US unemployed for 3rd straight month
U.S. employers posted slightly more openings in June than the previous month, resulting in more available jobs than unemployed workers for the third straight month. The Labor Department says job openings barely increased, rising just 3,000, to 6.66 million. That’s...
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