DAX Surges As Airline And Bank Stocks Jump
The DAX index has climbed sharply in the Thursday session, after posting small gains on Wednesday. Currently, the DAX is trading at 11,519, up 0.88% on the day. There are no German or eurozone events on the schedule. On Friday,...
NZDUSD Eases A Bit Following Sharp Upside Rally
NZDUSD recorded a stunning rally over the last three sessions in the 4-hour chart, creating a new one-month high of 0.6615. Currently, though, the pair is on the backfoot and the technical indicators suggest that the market could ease a...
Sideways: Ken of Arabia sticks to one costume – as for the Uber guy…
At least the founder and chief executive of investment bank Moelis & Co resisted the temptation to wear traditional Middle Eastern clothes as a sign of his commitment to the regime and its ability to dispense enormous fees in the...
Banks are fighting through an ‘extinction phase’ spurred by new tech
Pedigrees, some stretching back centuries, are of little use to global banks unless they aggressively adapt to new financial technologies. That’s long been true, but the pace of innovation means financial juggernauts now face what one top executive likened to...
Sterling Rides on Brexit Optimism, Look into BoE Economic Projections
Sterling surged overnight on Brexit optimism and is boosted further in Asia with more Brexit-positive news. Though, for today, it’s overwhelmed by Australian and New Zealand Dollar on strong risk appetite. The Pound will need to look into BoE economic...
India jumps higher in World Bank’s ranking of how easy it is to do business
India climbed 23 spots from a year ago to rank 77 out of 190 countries in the World Bank’s latest report on the ease of doing business. It was also among the top 10 most improved economies along with countries...
What do investors want? ESG research. When do they need it? Yesterday
We have just 12 years to get climate change under control, the UN announced in October, so we had better get investing. But unfortunately it is becoming clearer that investing in UN sustainable development goals (SDG)-aligned countries, companies and products...
Guggenheim’s Scott Minerd: GOP election win could extend expansion but worsen recession that follows
Guggenheim’s Scott Minerd expects a recession in 2020, but if Republicans maintain control of Congress in the upcoming elections that could be delayed. However, there will be a cost, he told CNBC on Wednesday. “That will extend the expansion but...
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