Category Archive: Finance
Oil Bounces Off Lows, Spikes On Saudi ‘Deep Cut’ Headline
Ok, so the headlines are coming in from the OPEC, non-OPEC monitoring committee meeting in St. Petersburg, where ministers are convening to chat about market conditions. And although not a whole lot is expected, crude is of course prone to sharp moves on headlines. Sure enough, this (out moments ago) seems to be having an […]
Another Week Of Across-The-Board Gains For Global Markets
For a second week in a row, all the broad categories of global markets posted gains. Led by a sharp advance in foreign government bonds in developed markets, the major asset classes dispensed a clean sweep of price increases, based on a set of exchange-traded products. The top performer for the five trading days through July 21: […]
Top 5 Things Happening In The Market Today – Monday, July 24
Top 5 Things to Know Before You Start Trading This Monday we are awaiting a few data releases and central bank speeches. We also see the EUR and AUD higher while the USD suffers from ongoing White House Controversy. 1 – Stocks Lower as EUR Rises Stocks were hit hard on Friday as the EUR/USD continued to climb to […]
KKR To Acquire Majority Control Of The Nature’s Bounty Co From Carlyle Group
The Carlyle Group (CG) announced that it is selling majority control of Nature’s Bounty Co., a global manufacturer, marketer and distributor of health and wellness products, to KKR (KKR). Following the transaction, which is expected to close by the end of 2017 and is subject to the receipt of customary regulatory approvals and the satisfaction […]
WTI Crude Oil And Natural Gas Forecast – Monday, July 24
WTI Crude Oil The WTI Crude Oil market initially tried to rally during the day on Friday but found enough resistance at the $47 level. We fell significantly from there, slicing through the $46 handle. It looks very likely that we are going to continue to grind lower, although I recognize that the $45 level […]
European Stocks Fall To 3 Month Lows On “Carmaker Cartel” Fears, Sliding PMIs; US Futures Lower
In a mixed session, which has seen Asian stocks ex-Japan broadly higher, the European Stoxx 600 index dropped as much as 0.6% after data Markit PMI data signalled euro-area economy grew in July at its slowest pace in six months while carmakers extended declines on continued concern about antitrust collusion in the industry. Germany’s DAX […]
EUR/USD: 1.18 Is Upside Target But Positioning & Valuation Warn Of A S/T Pullback – Nordea
EUR/USD made a move to the upside, reaching the highest levels since 2015. What’s next? Here is their view, courtesy of eFXnews: Nordea FX Strategy Research argues that as long as the convergence story between the Euro area and the US remains a story, 1.18 is likely the target for EUR/USD. However, in the near-term, Nordea notes […]
E The Euro Area Economy Continues On A Slow Growth Path
“The European economy continues to grow at a steady pace despite numerous political uncertainties and challenges. For two years, GDP growth has been steady, employment growth has been healthy and unemployment has been receding gradually. In what has been a context of depressed global activity, private consumption has been the main driver of growth, fuelled […]
This Measure Of US Equity Volatility Is At A 22-Year Low
On a range of trends and topics these are unusual times we live in, and stock market volatility is no exception. As a matter of fact, market volatility in general is very low i.e. across asset classes, as discussed in the latest weekly report. Yet here is a somewhat unusual measure of volatility, which is coming […]
How Big Of A Deleveraging Are We Talking About?
Last week, I discussed the issue of debt and why “people buy payments.” This article generated much discussion and several emails including the following. “You argue that rising debt levels lead to slower economic growth, but what if it is slower growth leading to rising debt levels?” This is essentially the “causation” or “correlation” argument which has been a point of contentious […]
