Day: September 14, 2019
Oil could rise $10 per barrel after drone attack forces Saudi to cut output in half
A trader wipes his eyes as he watches stock prices at the New York Stock Exchange in New York. Don Emmert | AFP | Getty Images Oil prices could jump as much as $10 per barrel after a number of drone strikes hit the center of Saudi Arabia’s oil industry, forcing the kingdom to cut …
Oil could rise $10 per barrel after drone attack forces Saudi to cut output in halfRead More
Oil could rise $10 per barrel after drone attack reportedly forces Saudi to cut output in half
A trader wipes his eyes as he watches stock prices at the New York Stock Exchange in New York. Don Emmert | AFP | Getty Images Oil prices could jump as much as $10 per barrel after a number of drone strikes hit the center of Saudi Arabia’s oil industry, reportedly forcing the kingdom to …
Afrophobia just one of the many risks burdening South Africa
A man walks past a damaged shop after overnight unrest and looting in Johannesburg in September The recent media attention given to the violent attacks on African migrants and African-owned businesses has caused quite a stir, but there is reason to believe the story has been blown out of all proportions from a country-risk perspective. …
Afrophobia just one of the many risks burdening South AfricaRead More
Macaskill on markets: Investment banks and the sharing economy
The trend towards US dominance is particularly acute in investment banking, where JPMorgan is now the top revenue generator in Europe, as well as globally. So exploration of a link between Deutsche Bank and UBS to bolster both firms by exploiting their relative strengths in fixed income trading and equities had a clear logic. A …
Macaskill on markets: Investment banks and the sharing economyRead More
Weekly Economic and Financial Commentary: Recession Fears Easing Up?
U.S. Review Recession Fears Easing Up? This summer’s fears about escalating trade tensions, slowing global growth and an inverted yield curve have let up somewhat as risk-on sentiment made a comeback this week. With a growing string of economic data coming in above expectations, the 10-year yield has risen 41 bps since reaching a low …
Weekly Economic and Financial Commentary: Recession Fears Easing Up?Read More
Forward Guidance: Economic Data Still Looks Okay, Fed Will Still Cut Rates
A quiet past week of economic data nonetheless took on a (slightly) more positive tone in terms of the near-term economic growth outlook for North America. Another round of tariff-by-tweet policy from the Trump Administration saw the US delaying the next planned tariff hikes on Chinese imports from October 1st to October 15th and the …
Forward Guidance: Economic Data Still Looks Okay, Fed Will Still Cut RatesRead More
The Weekly Bottom Line: Optimism on Trade Deal Lifts Markets
U.S. Highlights There was good news in the trade negotiations between the U.S. and China this week as the President announced a postponement of tariffs and China exempted key agricultural goods (pork and soybeans) from existing tariffs. The European Central Bank lowered its key policy rate further into negative territory this week and announced a …
The Weekly Bottom Line: Optimism on Trade Deal Lifts MarketsRead More
Week ahead – Central Banks the Only Game in Town
Brexit, Fed and trade war remain in focus For many months now, all of the attention has been on the trade war, Brexit and central bank easing. Next week is going to be no different as the UK Supreme Court rules on Boris Johnson’s prorogation of Parliament, talks continue ahead of a meeting between the …
Silver Wins the Gold for Biggest Loser
Silver closed down almost 3.5% today near 17.50 as it continued its selloff from the blow off top at 19.62. The precious metal is down nearly 10% since September 4th. Source: Tradingview, FOREX.com – advertisement – Silver had been in an uptrend since mid-June. On August 27th, silver opened at 17.63 and began rising towards …
Responsible finance: The pledge that never was
The US Business Roundtable, which represents the chief executives of 192 large US companies, including Bank of America, JPMorgan, Morgan Stanley, Citi, Wells Fargo and several other large financial firms, released a new ‘Statement of purpose of a corporation’ in August. It has ruffled quite a few feathers. The Roundtable’s new statement now reads: “Business …
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Finance news
 CEO outlook dims sharply, with more than half expecting a recession ahead, survey showsCorporate executives are taking a dim view of their prospects, with a majority now expecting ... Read More  Stock futures are little changed ahead of key inflation readingStock futures were little changed in overnight trading Tuesday ahead of a key inflation reading.Futures ... Read More  From Estee Lauder to Apple, big companies say China’s Covid restrictions are hitting businessFactories in China affected by Covid lockdowns can conditionally resume work, by housing workers on-site ... Read More |
