Author Archive: Jeremy Parkinson
(Continental) Europe Outperforms In 2017
Written by Sara Potter, FactSet Six months ago, we highlighted data showing that the eurozone appeared ready to emerge from the economic doldrums. Since then, the outlook for Europe as a whole has improved even more and growth projections have risen accordingly, with just a handful of exceptions, including the United Kingdom. The October 2017 World Economic Outlook […]
Volatility Accident? SNB Flashback? What Else Before 2018?
From a volatility accident to SNB flashbacks, these are some of the unexpected pitfalls that may strike the financial markets before year-end. A December to Remember? Historically, December is a consistently quiet month for the financial markets due to the abundance of market holidays and the need among funds to balance the books. However, I […]
India’s $207 Billion Mess Is Once-In-A-Lifetime Opportunity For Asia’s Richest Banker
In October, we discussed Indian Prime Minister, Narendra Modi’s, decision to hand over $32bn to recapitalise India’s state banks. The motivation was India’s slowing growth rate and the need to add one million Indians to the workforce every month. Crippled by massive bad debts, the state-owned banks were struggling to extend more credit to the economy. The announcement […]
Oil Jumps To 2-Year High On Inventory Drop, Keystone Closure
The U.S. Energy Department’s inventory release showed that crude stockpiles recorded a lower-than-expected weekly draw. On a further bearish note, the report revealed that refined product inventories, gasoline and distillate, both rose slightly from their week earlier levels. Meanwhile, refinery activity improved. However, the talking point from the data sets was the steady trend of […]
Purchasing Power Across The U.S.
from the Philadelphia Fed — this post authored by Elif Sen and Adam Scavette Where you live can determine how far a dollar goes. But pay varies regionally, too. To get a true picture of an area’s affordability, it helps to understand regional price parities. It’s common knowledge that the cost of living varies drastically […]
Friday Should Be A Winner
Thanksgiving Wednesday was never going to generate an exciting day but it was good to see early week gains retained. Upcoming Thanksgiving Friday is typically a day when Junior traders go wild and decent gains are posted – even if trading volume is light. With last week’s lead action I wouldn’t be surprised if this pattern […]
E Thanksgiving Eve
It turns out that the difficulties I am facing with a check received in sterling which I am attempting to deposit to my US bank is not unique. The International IBAN (International Bank Account Number) numbering system which is supposed to enable people to transfer money within the Single European Payments Area (SEPA) often takes […]
Get Out Now: SocGen Predicts Market Crash, Bear Market For The S&P
While the charade of sellside analysts releasing optimistic, and in the case of Barclays and Goldman “rationally exuberant”previews of the year ahead… … is a familiar, long-running tradition on Wall Street, rarely has the intellectual dishonesty and cognitive dissonance been quite so glaring: take Goldman, which while admitting that valuations have never been higher, and the upside […]
GSK, Innoviva Submit Data To FDA For Expanded Trelegy Ellipta Label
GlaxoSmithKline (GSK) and Innoviva (INVA) announced the filing of a supplemental New Drug Application with the FDA for the use of Trelegy Ellipta for an expanded indication for the maintenance treatment of airflow obstruction and reduction of exacerbations in patients with chronic obstructive pulmonary disease. “Approval of this sNDA means FF/UMEC/VI could be used by […]
Silvercorp Announces Another Share Buy-Back
Today Silvercorp Metals announced that it wanted to acquire up to 8.4 million shares. So, once again, the company is announcing a share buy-back program. To remind my readers, Silvercorp announced three such programs: in 2014, 2015 and now. The first two programs were very ambitious – the company wanted to repurchase around 16 million shares but […]
