This is not just a reorg; this is a JPMorgan reorg
A focus on rainmakers – perhaps also with an eye on the competing attractions for senior staff that lie outside the big global banks – is behind a radical new reshaping of the senior management of JPMorgan’s investment bank. A...
US housing starts fall, while building permits near a 13-year high
A worker measures wood for a house under construction at the KB Home Vineyard Crossing Community in Livermore, California. David Paul Morris | Bloomberg | Getty Images U.S. homebuilding fell less than expected in January while permits surged to a...
Palladium Futures Unlock Another Record High at 2,752; 17% Up This Month
Palladium futures for March delivery seem unwilling to stop the extraordinary rally in uncharted territory, with the price flying as high as 2,752 on Wednesday after a short consolidation period within the 2,424-2,148 zone. The higher highs and higher lows...
Inflation Ticks up in January, But Core Measures Edge Lower
The information contained in this report has been prepared for the information of our customers by TD Bank Financial Group. The information has been drawn from sources believed to be reliable, but the accuracy or completeness of the information is...
Sentiments Stabilized on China Stimulus Hope, Yen Falls on Political Pressure
Yen is under broad based selling pressure today as sentiments somewhat improved with expectations of more stimulus from China to counter the impact of Wuhan coronavirus outbreak. Additionally, Japanese Prime Minister Shinzo Abe is under increasing political pressure on handling...
US producer prices post biggest gain in more than a year
U.S. producer prices increased by the most in more than a year in January, boosted by rises in the costs of services such as healthcare and hotel accommodation. The Labor Department said on Wednesday its producer price index for final...
XAU/USD Exceeded 1,560.00
Yesterday, the XAU/USD exchange rate raised to the 1,600.00 level. During Wednesday morning, the rate surpassed the given level. From the one hand, it is likely that yellow metal could continue to appreciate against the US Dollar in the short...
China Is Hopeful Due To he News Of Virus Containment. Waiting For FOMC Protocols
The US dollar continued its growth against a basket of major currencies. The US dollar index (#DX) closed yesterday in the positive zone (+0.33%). At the same time, the yen, which is considered a protective asset, went down amid signals...
Coronavirus outbreak forces China’s after-school activities to shut down — or move online
Chinese students of Fuyang No.5 Middle School study in a classroom at night for upcoming National College Entrance Examination (Gaokao) on May 29, 2018 in Fuyang, China. Visual China Group | Getty Images As local governments in China delay the...
Markets Stabilized as Focus Turns to FOMC Minutes, Dollar Resilient
Yen, Swiss Franc and Dollar weaken mildly today as risk markets stabilized. On the other hand, commodity currencies recover generally. But the movements are so far limited. Investors remain vigilant on the development of China’s Wuhan coronavirus outbreak, but there...
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