Roberto Sallouti: Follow-on transaction part of BTG re-pricing story
The R$2.5 billion follow-on transaction that BTG Pactual completed Tuesday 11 June was the most visible milestone in an extraordinary year for the bank. The bank’s share price has risen from R$18 one year ago to close at R$47 at...
Crude Investors Weigh Geopolitical Risks Against US Supply, Demand Concerns
After a positive start to the new week overnight, oil prices turned negative this morning before rebounding off their as we approached the end of European session. Concerns over potential supply disruptions amid raised geopolitical uncertainty in the Middle East...
Elliott Wave Analysis: Gold Within A Three-wave Correction!
Gold made a five-wave drop from the 1358 high, which is an indication of a top in place for wave 3, and that a temporary change in trend is in progress. We are observing a three-wave corrective retracement, that can...
Homebuilder sentiment inches lower despite demand for single-family homes
A contractor stacks roofing materials while working on a home under construction at the Toll Brothers Bowes Creek Country Club community in Elgin, Illinois. Daniel Acker | Bloomberg | Getty Images The nation’s homebuilders reported solid confidence in the housing...
Amazon responds to Ocasio-Cortez’s claim that it pays workers ‘starvation wages’
U.S. Representative Alexandria Ocasio-Cortez (D-NY) arrives before the town hall meeting in the Queens borough of New York City, New York, U.S., April 27, 2019. REUTERS/Jeenah Moon/File Photo Amazon responded Monday to a comment by Rep. Alexandria Ocasio-Cortez, D-N.Y., that...
Euro Rises on Strong Wage Growth, Dollar Softens on Weak Data
Euro strengthens broadly in mixed forex markets today. Record wage growth in Q1 is a factor under-pinning the common currency. Poor US economic data also helps. But at this point, strength mainly centers in crosses, against Aussie most notably. Meanwhile,...
Goldman Sachs is sounding the alarm to clients that technology stocks are overvalued
It’s about time to write off high-growth tech stocks, Goldman Sachs warned, saying the double whammy of sky-high valuation and elevated regulation is becoming a “hazard” to the group. Technology stocks have been investors’ darlings for years as the appetite...
A key manufacturing gauge just saw its biggest one-month decline in 18 years
A closely followed gauge of manufacturing in the New York area fell this month to its lowest level in nearly three years. The Empire State Manufacturing Index tumbled to a -8.6 reading from 17.8 in May, a 26.4-point drop that...
WTI Oil Outlook: Near-Term Risk Shifts Lower As 10SMA Continues To Cap
WTI oil price was a tad lower in Europe on Monday after advancing last Thu/Fri on rising tensions in the Middle East after two tankers were attacked in Gulf. Overall structure remains bearish as fears of lower global demand on...
Central Banks And Their Decision Remain A Major Focal Point
European markets and US futures are ready to start the week on a positive note. During the week, the focus is going to remain on central banks and their monetary policies. Looking at the score card, the S&P 500 index...
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