Sterling Unimpressed By EU Leaders Approving Brexit Deal
Pound unimpressed by EU leaders approving Brexit deal, as UK Parliamentary endorsement still looks highly unlikely. Euro drifts lower after soft PMIs heighten speculation for a cautious ECB. President Draghi’s remarks today will be watched closely. Loonie unable to rally...
Euro and Sterling Mixed after EU Approved Brexit Deal, Yen and Dollar Turn Softer
Australian Dollar leads commodity currencies mildly higher as week starts, following rebound in Asian markets. On the other hand, Yen, Dollar and Swiss Fran turn softer. Nevertheless, Chinese stock lack behind other hand Asian indices and struggle to gain. There’s...
Bitcoin extends losses, slides under $3500 to lowest since September 2017
Bitcoin had a rough weekend. Coming off a week of heavy losses, bitcoin fell 10 percent and set a fresh low at $3,447.58 on Sunday, according to data from CoinDesk. This is the cryptocurrency’s lowest level since September 2017. Over...
Goldman stock is on the ropes, but should it be below book?
Ouch. There will be those who are gleefully watching as Goldman Sachs’ stock gets pummelled on the back of the firm’s 1MDB woes. There will be others looking on more nervously, hardly daring to whisper “there but for the grace...
Is the Handelsbanken model under threat?
Svenska Handelsbanken is akin to a European Wells Fargo. Like its American equivalent, it is almost entirely focused on one country – Sweden – and very successfully, at least until recently. A cohesive workforce, consistent strategy and conservative risk attitude...
The LA Dodgers are reportedly linked to a $20B plan to help insurers if credit markets sour
The CEO of Guggenheim Partners and his business associates are pledging more than $20 billion of their personal wealth to backstop insurers associated with the purchase of the Los Angeles Dodgers, if those firms run into financial troubles, according to...
The LA Dodgers are reportedly linked to a $20 billion plan aimed at stabilizing big insurers
The CEO of Guggenheim Partners and his business associates are pledging more than $20 billion of their personal wealth to backstop insurers associated with the firm should they experience financial troubles, according to a Wall Street Journal report. The highly...
Dollar Higher but Trump-Xi Meeting is a Wild Card
It’s another week with multiple theme happening at the same time. Swiss Franc ended as the strongest on risk aversion. Oil’s free fall could be that extra lift the the Franc. Dollar ended as the second strongest, but that’s mainly...
Russian state firms defy sanctions speculation with bond sales
For proponents of sanctions on Russia, November got off to a good start. In the first week of the month, two events apparently increased the likelihood of stricter penalties being imposed. First, the US State Department confirmed that the Kremlin...
The Weekly Bottom Line: Oil Continues its Slump
U.S. Highlights Equity market volatility persisted this week as the main indexes were dragged down by tech and energy stocks. The latter resumed their slide as oil prices fell to their lowest levels in more than a year. Housing data...
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