Quick read: The quest to turn around SocGen’s CIB
COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT PERMISSION OF THE PUBLISHER: CHUNT@EUROMONEY.COM By: Dominic O’Neill Published on: Wednesday, February 20, 2019 After disastrous fourth-quarter results, Société Générale’s growth and profitability targets lie in tatters. Read on for a guide to Dominic...
Australian Dollar Tumbles on RBA Cut Talks & Dalian Coal Import Ban
Australian Dollar was the center of focus in Asian session today. Stellar job data provided some brief boost to the Aussie. It was then hammered by talks of two RBA rate cuts this year. Selloff accelerates further on news that...
Market Morning Briefing: The Aussie Saw A Sharp Rise To 0.7206 Today
STOCKS Indian equities get a breather, finally. Both Sensex and Nifty 50 has bounced sharply yesterday and have room to move further higher in the near term (see below). Other global indices retain their bullish sentiment. Dow Jones (25954.44, +63.12,...
FOMC Minutes – Balance Sheet Reduction Likely Ends This Year
In the minutes for the January FOMC meeting, the members elaborated the rationale for their dovish shift. While affirming solid growth and the resilient employment market, the members focused on the softening inflation and were concerned about the “muted” price...
US and China are said to be outlining deal to end trade war
The United States and China have started to outline commitments in principle on the stickiest issues in their trade dispute, marking the most significant progress yet toward ending a seven-month trade war, according to sources familiar with the negotiations. The...
The battle for Privatbank: part two
It is almost exactly two years since I first heard a theory that, at the time, seemed far-fetched in the extreme – to whit, that Ihor Kolomoisky, Ukrainian oligarch par excellence and former owner of Privatbank, was plotting to regain...
Stocks making the biggest moves after hours: Avis, Navient, Cheesecake Factory and more
Check out the companies making headlines after the bell: Avis Budget shares soared nearly 11 percent after hours Wednesday following the release of the rental car company’s fourth-quarter earnings beat. Earnings per share were 53 cents, beating estimates of 37...
Pound Rally Takes Pause, Markets Await FOMC Minutes
GBP/USD is unchanged in the Wednesday session, after posting sharp gains on Tuesday. In North American trade, the pair is trading at 1.3064, up 0.01% on the day. It’s a quiet day on the release front. The sole U.K. indicator,...
Gold Rips Higher Amid a Quiet Flight to Safety
Bullion prices continue to surge, ascending to fresh 10-month highs this week. Since the correlation between gold and the US dollar has diminished lately, it seems a flight to safety is quietly going on, amid global growth and recession concerns....
The Outlook for the Fed’s Balance Sheet: An Update
Executive Summary In a two-part report we wrote last summer, we analyzed the assets and liabilities of the Fed’s balance sheet to determine at what point it might stop reducing the size of its balance sheet.1 Our analysis found that...
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