Mario Draghi: ECB to start buying covered bonds this month
October 3rd, 2014
Mario Draghi, the president of the ECB, has said the Bank will be prepared to take on below investment grade asset-backed securities (to BBB-), opening the door to Greek and Cypriot banks. The central bank will start buying covered ...
Stocks Gain With Dollar Before Jobs Data; Hong Kong Rises
October 3rd, 2014
Stocks gained, with a European index recovering from its biggest loss in 15 months, and the U.S. dollar strengthened versus major peers before the world’s largest economy reports payrolls data. Hong Kong shares rallied. As investors assess the strength ...
Traders went from confusion to opportunity as Gross exit sank in
October 3rd, 2014
As bond traders began what they thought would be a quiet day last Friday, a simple headline crossed their screens: “William H. Gross joins Janus Capital.” “The question was, ‘Is it THAT William H. Gross?'” said Lou Brien, a ...
Dr. James Leontiades
October 3rd, 2014
Dr. James (Jim) Leontiades is currently Academic Dean at the Cyprus Institute for International Management. His Business experience includes several years in the Planning Department of General Motors Overseas Operations as well as positions with consulting firms in London ...
CMC Markets launches upgraded mobile app
October 3rd, 2014
CMC Markets plc. in the UK, (www.cmcmarkets.co.uk), one of the leading providers of financial spread betting and CFD trading, has announced upgrades to its Next Generation mobile apps. The upgrade to the iPhone, iPad and Android™ apps include enhancements ...
BP asks judge to reconsider ‘gross negligence’ ruling
October 3rd, 2014
BP Plc (BP.L) on Thursday asked a U.S. court to reconsider a September ruling that found the company “grossly negligent” for the 2010 oil spill in the Gulf of Mexico, a finding that boosted its potential liabilities by about ...
Friday October 3: OSB Daily Technical Analysis-Commodities
October 3rd, 2014
OSB Daily Technical Analysis for October 3, 2014 Gold continued to consolidate above the $1200 level yesterday with a push above the $1220 area. Bearish bias remains in Gold which is likely to grind it out at these levels ...
Friday October 3: OSB Daily Technical Analysis- Currency pairs
October 3rd, 2014
OSB Daily Technical Analysis for October 3, 2014 EUR/USD bounce back with a test of the 1.2700 significant resistance level. A close above extends to 1.2750. Support below at 1.2570 a break of which opens the market for lower ...
Obama: Economy is coming back
October 3rd, 2014
President Obama, facing Nov. 4 elections that will determine the makeup of Congress for his last two years in office, said Thursday that the once-shattered American economy is coming back, but many Americans still don’t feel the benefits. Outlining ...
Putin sees strong Russian Economy, but advisers disagree
October 3rd, 2014
Though the president depicted an open and stable economy, senior officials acknowledged slow growth and the flight of foreign investors. President Vladimir V. Putin did his best to paint a rosy picture of the Russian economy in a speech ...
