ECB appoints administrators at Banca Carige
On January 2, the European Central Bank (ECB) appointed three temporary administrators and a three-member surveillance committee to take charge of Banca Carige, the troubled Genoese lender, following the resignations of a majority of the members of its board of...
Listen to the new single from Goldman Sachs CEO David Solomon, AKA DJ ‘D-Sol’
Goldman Sachs CEO David Solomon has had a busy few weeks running one of the world’s premier investment banks, but that hasn’t stopped him from releasing a new dance single. Solomon, who goes by DJ D-Sol, last month released a...
Stocks making the biggest moves midday: Amazon, Merck, Exxon Mobil & more
Check out the companies making headlines midday Friday: Papa John’s — The third-largest pizza delivery company saw its stock fall 8 percent after Reuters reported Papa John’s would not sell itself, despite offers from private equity firms. The firm’s offers...
Australia & New Zealand Weekly: RBA Forecasts to be Consistent With On Hold Policy
Week beginning 4 February 2019 RBA forecasts to be consistent with on hold policy. RBA: policy meeting, Governor Lowe speaks, Statement on Monetary Policy. Australia: dwelling approvals, retail sales, trade balance, Banking Inquiry Report. NZ: residential building consents, labour force,...
Week Ahead – BoE and RBA Next to Set Rates; Will They Turn Dovish Too?
The Bank of England and the Reserve Bank of Australia will be next in the central bank world to set monetary policy amid rising risks and uncertainty about the outlook. It will be relatively quiet on the data front as...
Weekly Focus: Brexit Wrestling Enters Next Round
This publication has been prepared by Danske Markets for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents...
MARKET WRAP: US Jobs Number Pushed Stocks Higher
US Jobs data disappointed and markets moved higher because the Fed cannot move the interest rate needle if it continues like this. US-China trade war will remain the focus for the upcoming week. Stocks The S&P 500 Index traded up...
Dollar Trades Mixed after a Strong Payrolls Beat and Soft Wages
The greenback is trading lower against the high-beta currencies despite a strong headline payroll reading of 304,000, much higher than the economists’ forecast of 165,000. The employment report showed that the prior month was revised lower by 90,000 jobs to...
White House advisor Larry Kudlow says taxing rich people never works: ‘Look at Venezuela’
White House economic advisor Larry Kudlow implied Friday that Democratic proposals to increase taxes on the wealthiest Americans could lead to economic troubles akin to those in Venezuela. “Taxing rich people – that’s an old saw from the left. It...
Dollar Dips on Weak Wage Growth, Rise in Unemployment Rate
Dollar is back under some pressure in early despite very strong headline NFP number. The problem with the report is that, other parts are rather weak, including revision in prior month’s figure, rise in unemployment rate. More importantly, wage growth...
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