A look at the day ahead in European and global markets from Wayne Cole It’s been a blessedly quiet start to the week in Asia with Japan taking a much-needed holiday for Mountain Day, after the Nikkei tumbled down a mountain of its own last week and sent global markets reeling. If Tokyo were open, …
By Tatiana Bautzer NEW YORK (Reuters) – Citigroup’s wealth unit has initiated a process to sell its trust administration and fiduciary services business, the bank said in a statement on Friday.”To enhance our focus on delivering the wealth structuring advice that matters most to our global clients, Citi Wealth has initiated a process to sell …
Citigroup says wealth unit to sell trust services business Read More »
(Reuters) -Speculators raised their net short bets on five-year Treasuries to the largest on record in the latest week, while bearish bets on 10-year Treasury futures were the largest since February, according to data by the Commodity Futures Trading Commission on Friday. Net short bets on five-year note futures grew to 1,688,076 contracts in the …
Short bets in five-year Treasury futures largest on record, CFTC says Read More »
By Mike Dolan LONDON (Reuters) – What looks like a financial market in disarray may instead just be normalization that will ultimately help insulate investment portfolios rather than sending them to the ground. There’s little doubt that a bubble has been burst in the wild swings of the past week. But that bubble was mostly …
Column-Markets may be waving, not drowning :Mike Dolan Read More »
By Yoruk Bahceli and Dhara Ranasinghe (Reuters) – Disappointing U.S. jobs data has shaken confidence in a soft landing for the world’s largest economy, sending global equity markets tumbling and bets on interest rate cuts surging. But investors abandoning a popular yen carry trade has played a big role in the selloff, complicating the message …
Recession risks roil markets but not yet alarming Read More »
By Rajendra Jadhav and Ashitha Shivaprasad (Reuters) – Gold demand in India crept up this week due to a correction in prices, although volatility in the market prompted some buyers to postpone purchases, while premiums in China firmed on some safe-haven buying. “There is a lot of pent-up demand in the market. Buyers were desperately …
By Ana Isabel Martinez, Adriana Barrera and Aida Pelaez-Fernandez MEXICO CITY (Reuters) -Mexico’s central bank lowered its benchmark interest rate in a divided vote to 10.75%, the monetary authority said on Thursday, cutting the key borrowing rate from 11.00% but also signaling that it expects prices to rise higher than previously expected. Three members of …
Mexico cuts interest rate to 10.75% in divided vote, but sees higher inflation Read More »
(Reuters) – Nasdaq is proposing amendments to its rules pertaining to penny stocks to put a faster, more stringent delisting process in place for non-compliant companies, according to a filing posted on the exchange operator’s website on Thursday. Nasdaq requires companies listed on its exchanges to maintain a closing price above $1. Companies that fail …
Nasdaq considers stricter delisting rules for penny stocks Read More »
(Reuters) – A drop in mortgage rates to over one-year lows has prompted some prospective buyers to resume house-hunting, a report from real estate brokerage Redfin showed on Thursday. WHY IT’S IMPORTANT As of Aug. 7, the popular 30-year fixed mortgage rate is near its lowest levels in months at 6.58%, after a weaker-than-expected jobs …
Mortgage rate drop lures skittish buyers back to housing market, report shows Read More »
By Karen Brettell NEW YORK (Reuters) -U.S. Treasury yields rose on Thursday after data showed jobless claims were lower than expected in the latest week, boosting confidence that the U.S. economy is less likely to face an imminent recession. Muted demand for a 30-year bond auction added to the move higher in yields, coming a …
US yields jump on better than expected jobs claims data Read More »
