Vienna bourse targets SMEs to boost Austrian equity market participation
The Vienna Stock Exchange has launched a new segment for small and medium-sized businesses in a bid to boost capital markets participation by Austrian companies. “The initiative is very similar to other European SME markets,” says Christoph Boschan, head of the...
PG&E rallies after investors offer it a $4 billion alternative plan to avoid Chapter 11
PG&E shares rose sharply Monday after Bloomberg News reported that an investor group has offered the company a $4 billion alternative plan that would help the embattled utility avoid bankruptcy. Bloomberg also reported that activist hedge fund Elliott Management is...
USD/JPY Consolidating in the Calm Before the US-China Talk and FOMC Storm
For once, the weekend brought little in the way market-moving economic developments, and with Australian traders out on holiday, the FX market has seen a quiet start to the week. However, this proverbial “calm before the storm” is unlikely to...
Japanese Yen Edges Higher as Japanese Inflation Within Expectations
USD/JPY has started the week with slight gains. In Monday’s North American session, the pair is trading at 109.28, down 0.25% on the day. On the release front, the Bank of Japan released the minutes of the December policy meeting....
Canada Filling China-U.S. Trade War Gaps? Don’t Count On It
Highlights U.S.-China trade tensions remain elevated, and we continue to march towards the March 1st deadline for agreement before a U.S.-threatened broadening of tariff measures (and likely Chinese response). It is tempting to see these tensions as an opportunity for...
The shutdown cost the economy $11 billion – including a permanent $3 billion loss, government says
The federal government shutdown cost the economy $11 billion, according to a new analysis from the nonpartisan Congressional Budget Office, reflecting lost output from federal workers, delayed government spending and reduced demand. The report, which was released Monday, estimated a...
USD/JPY Continues To Hold Below Key Resistance At 109.99 Level
USDJPY continues to hold below key resistance at 109.99 level as it looks for more weakness in the days ahead. On the upside, resistance comes in at 110.00 level. Above here will turn attention to the 110.50 level. Further out,...
Sterling and Canadian Weaken in Quiet Markets, Dollar Mixed ahead of Key Events
Trading in the forex markets has been rather subdued for most of the day. But there are signs of some additional weakness in Sterling and Canadian Dollar in early US session. Traders could be lightening up positions ahead tomorrow’s Brexit...
India: Blackstone set to IPO inaugural $1 billion Reit before March
The Reit finally got the go-ahead after pro-business prime minister Narendra Modi resolved lingering uncertainty around the double taxation of Reits India’s first real estate investment trust, backed by Blackstone and its local partner Embassy Group, will be listed in Mumbai...
GBP/USD Breaks Previously Drawn Pattern
During the previous trading session, the currency exchange rate surged to the 50.00% Fibonacci retracement level at 1.3163, breaking the previously drawn pattern line at the 1.3100 mark. On Monday morning, the rate was located above the 50.00% Fibo at...