Mary Meeker, one of the most-followed technology forecasters, raises $1.25 billion for a new fund
Mary Meeker, a household name in tech investing, has raised more than $1 billion to invest out of her new fund. Meeker split with Silicon Valley investing giant Kleiner Perkins in September to start a new shop called Bond Capital....
First skirmishes in Brazilian fintech war
The growth of fintechs in Brazil has been closely monitored by market participants for years. The narrative is well established: the high adoption of digital technologies (71% of the population has a smart phone) in the huge, entrepreneurial economy has...
Central Banks Become Extra ‘Dovish’
Rate differentials, global growth concerns and G7 Central Banks ‘extra’ dovish rhetoric this week has provided the U.S dollar ample support to be trading at six-month highs across the board. Even the petro-currencies are having trouble gaining traction despite the...
Uncleared margin rules unlikely to clarify clearing migration
For the foreseeable future, gaps in industry infrastructure are expected to prevent the wholesale industry migration of certain physically settled products to central clearing, including FX options. It is possible that many bilateral trades will migrate into central clearing. However,...
US: Durable Goods Orders Rebounded in March
Durable goods orders rose 2.7% in March. Core capital goods orders suggest the economy has momentum going into Q2, but core capital goods shipments still suggest weak business spending in tomorrow’s Q1 GDP report. Orders Rebounded in March, Q1 Business...
Brent Crude – Where Does the Rally End?
Oil gathering momentum as Brent hits new highs Oil prices are on the rise again on Thursday, with the inventory data from API and then EIA over the last 48 hours merely causing a pause in the rally despite reporting...
Gold – Cause for Optimism?
Gold is trading in the green for a second day on Thursday, buoyed by some softness in the dollar. Gold bulls are also likely boosted by price action on Wednesday when the yellow metal made gains even as the greenback...
Strong Durable Goods Fail to Boost Dollar, Yen Taking the Driving Seat
Yen takes the driving seat from Dollar today as markets could be turning into risk averse mode. The greenback is still firm and remains the second strongest for the week. But strong US durable goods orders is not giving it...
US core capital goods orders post the biggest gain in 8 months
New orders for U.S.-made capital goods increased by the most in eight months in March, but a drop in shipments suggested business spending on equipment slowed down in the first quarter. The Commerce Department said on Thursday orders for non-defense...
US weekly jobless claims post biggest rise in 19 months
The number of Americans filing applications for unemployment benefits increased by the most in 19 months last week, but the underlying trend continued to point to labor market strength. Initial claims for state unemployment benefits jumped 37,000 to a seasonally...