Dollar Weakness in Focus ahead of a Busy Week
Dollar weakness remains the main focus in rather directionless markets today. The greenback suffered steep selloff last Friday on rumors that Fed would discussing cutting short the balance reduction process. And Dollar will face a number of key events this...
Dick Bove: Banks gave $152 billion back to shareholders with little to show for it
Approximately 21 of the nation’s largest banks have reported their earnings in the past two weeks. In aggregate, these 21 companies posted 2018 earnings of $154.6 billion. The common equity of these companies grew by a net $2.4 billion over...
Kamala Harris’ complicated history with Wall Street will come under scrutiny in the 2020 race
Sen. Kamala Harris’ history with Wall Street and the banking industry is about to come under scrutiny in a big way as the California Democrat joins what is expected to be large group of candidates seeking to topple President Donald...
If the S&P 500 breaks through this level, Bank of America predicts it’ll spark a sustainable rally
Bank of America-Merrill Lynch believes it’s premature to call an end to the market correction. Although stocks on Friday closed out 5 straight weeks of gains, Stephen Suttmeier, the firm’s chief equity technical strategist, is telling investors that stocks are...
Cyprus and Malta’s reduced risk flags ratings upgrades
Forward looking: Malta – and Cyprus – should be catching the eye of the rating agencies Cyprus and Malta were notable among countries with higher risk scores in Euromoney’s final quarterly survey of 2018. Malta, now 23rd from 186 countries...
FOMC, Government Reopen, US-China Trade Talks & NFP ahead for Dollar
Dollar ended last week as the weakest one after deep selloff before weekly close. A whole lot of events are scheduled ahead to keep the greenback busy. Those include FOMC rate decision, US-China trade talk, non-farm payrolls. Also, the partial...
China Weekly Letter: Trade Talks Enter Crucial Stage
Trade talks enter crucial stage – our base case is still deal by end-Q2 GDP growth slows – but construction and infrastructure provide support Xi Jinping warns of rising risks at seminar for top officials Liu He heading big delegation...
Weekly Economic and Financial Commentary: Economic Growth Cooling Off in Europe, China
U.S. Review Home Sales End 2018 on a Low Note Data for durable goods orders and new home sales during the month of December were postponed as a result of the continued partial government shutdown. Existing home sales fell 6.4%...
The Weekly Bottom Line: Markets Up Despite Lack of Good News on the Economy
U.S. Highlights Global equity markets are up on the week, despite some negative economic news, and continued dysfunction in Washington. The ECB characterized the economic risks as to the downside, and will be more cautious removing stimulus. Amidst the U.S....
Africa: Access bites big and fast with Diamond
It’s a deal that few saw coming – or in any case not as fast as it did. The planned merger of Nigeria’s Access and Diamond banks, announced late last year, could be transformative for the country’s banking sector. The...
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