Search Results for: Global Markets
Oil curves move above $50 as financial confidence in crude rises
October 7th, 2016
U.S. oil futures held above $50 per barrel on Friday as the entire crude forward curve pushed above above that level in a sign that financial markets have increasing confidence in the sector. U.S. West Texas Intermediate (WTI) futures ...
Asia Stocks Fall as Pound’s Flash Crash Supports Yen, Treasuries
October 7th, 2016
Sterling briefly sinks as much as 6.1%, most since Brexit Dollar gains as Fed rate-hike bets build before payrolls Asian stocks fell with U.S. equity index futures and the yen strengthened after a sudden plunge in the pound spooked ...
What the recent OPEC deal means for oil prices
October 6th, 2016
The September 28 Algiers accord by Opec to cap production within a range of 32.5 million to 33 million barrels per day was unexpected but very positive for sentiment. This was the first time Opec decided to trim output ...
Bill Gross: Central Banks Are Pushing Investors to Bitcoin
October 5th, 2016
Risky markets and an incapable central banking culture could drive investors into the arms of bitcoin and gold, billionaire asset manager Bill Gross opined in a recent note to investors. Gross, who founded the Pacific Investment Management Co and ...
Deloitte to create North West Europe firm
October 5th, 2016
Investment will focus on clients, talent and building capability; Combined firm will generate over €5bn of revenue with 28,000 partners and staff. Deloitte today announces that its Belgian, Danish, Dutch, Finnish, Icelandic, Norwegian and Swedish member firms will combine ...
It’s Not Just Deutsche Bank. The Entire Financial Sector Is Sick
October 3rd, 2016
These are great times for financial assets — and by implication for finance companies that make and sell them, right? Alas, no. Just the opposite. Each part of the FIRE (finance, insurance, real estate) economy is imploding as “modern” ...
Is Forex Trading Gambling? The Short Answer Is No
October 3rd, 2016
To the uninitiated, there appears to be little difference between forex trading and gambling. The same can be said of any form of financial trading. There are many layers to the question, is forex trading the same as ...
Gold slips on tapering safe-haven demand as Deutsche Bank worries ease
October 3rd, 2016
Gold edged lower on Monday on a firmer dollar and a gain in equities, with the yellow metal losing its safe-haven appeal as concerns about Deutsche Bank’s health eased. Spot gold dropped 0.1 percent to $1,314.50 an ounce by ...
Asian Stocks Rebound as Deutsche Bank Concern Ebbs; Pound Drops
October 3rd, 2016
German lender’s U.S. fine reported to be less than feared U.K.’s May says Brexit process to start by end of March Asian stocks rose and regional bonds fell as concern about Deutsche Bank AG’s finances eased after the lender ...
Saxo Bank reports higher profits and client assets as diversification strategy yields results
September 30th, 2016
Saxo Bank Group (“The Group”) has reported a net profit of DKK 158 million for the first six months of 2016. During the same period, client collateral deposits continued to rise, increasing by DKK 6 billion, compared to H1 ...
