Category Archive: Finance
3 Best Value Bets Amid Catastrophe Loss Fear Among Insurers
The insurance industry fears high claims due to occurrence of Hurricane Harvey last Friday. Per Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc (AON – Free Report), the industry already digested $53 billion in catastrophe losses in the first half of 2017, which registered the highest figure since 2011. Harvey hit Houston and […]
Chinese Data Buoys Markets
Asian indexes were mixed in early Thursday trade after Chinese manufacturing and services PMIs showed positive signs. China’s official manufacturing PMI rose to 51.7 in August, surpassing the forecast for 51.3, while the country’s official services PMI dropped to 53.4 this month, compared with 54.5 in July. Japan’s Nikkei 225 index was up 0.80 percent […]
Euro-Zone Inflation Beats With 1.5% – EUR/USD Ticks Up
The stronger exchange rate of the euro is not curbing inflation, at least not yet. CPI is up 1.5% y/y, higher than 1.4% expected and 1.3% seen last time. Core inflation remained at 1.2% as expected. The unemployment rate stayed at 9.1% as expected. EUR/USD is topping 1.19, recapturing the levels it lost. The highs […]
Loonie Could Maintain Gains Against The US Dollar
In May, Canada’s GDP report showed that the economy expanded 0.6% on a month over month basis. This marked a seventh consecutive month of increase in economic activity. On a year over year basis, Canada’s GDP expanded 2.6% during the first quarter of 2017. This was also the fourth consecutive quarterly expansion in the GDP. […]
Sensex Trades On A Volatile Note
After opening the day flat, share markets in India witnessed volatile trading activity and are currently trading in marginally above the dotted line. Sectoral indices are trading on a mixed note with stocks in the power sector and stocks in the energy sector trading in green, while stocks in the telecom sector and stocks in the IT sector are leading the losses. The BSE Sensex is trading […]
Gold Falls On Strong U.S. Economic Data
Gold prices ended Wednesday’s session down $1.12 as the dollar moved higher on the back of better-than-expected economic data. The Commerce Department Commerce said that gross domestic product expanded at an annual rate of 3.0% in the second quarter and Automatic Data Processing Inc. reported that the private sector added 173K jobs in May, broadly […]
5 Reasons Why Bitcoin Has Staying Power
President James Garfield once said… “He who controls the money supply of a nation controls the nation.” Who then, Mr. Garfield, controls the money supply of Bitcoin? Because if such a person existed — an invisible hand that controls everything — then that person would have the entire world in a stranglehold. Fortunately, there is […]
More ‘Junk’ Talk
Ok, so this is one of those things that’s intuitive but simultaneously noteworthy (usually when something’s intuitive, it’s not worth mentioning by virtue of the fact that it’s self- evident). First, a (very) brief recap. IG has been outperforming HY for months. This is something we’ve documented extensively. You want to keep track of this […]
China PMI Vs Dr Copper
The August round of official PMI data from China showed some mixed signals, and a little bit of something for everyone, but overall a signal of steady as it goes for now. The manufacturing PMI was up +0.3 to 51.7 while the non-manufacturing PMI was down -1.1 to 53.4 with the breakdown: Service index -0.5 to 52.6 […]
Gold And Bitcoin Hype Hits Stratosphere (Part 1)
The hype and nonsense Bitcoin and gold has blasted through the troposphere into the stratosphere. I suppose hype could get higher. The next target is the mesosphere. Some of those residing on terra firma are tired of the hype. I am one of those. Let’s kick off the discussion of gold hype although Bitcoin is far […]
