Commodities take the elevator up and the stairs down
Historically, commodities prices tend to move much more dramatically to the upside then to the downside – taking the elevator up and the stairs down.
Private credit loses ground in fight for family office money
Managers of the fortunes of the world’s ultra-wealthy are searching out private credit funds at a slower pace this year than last, according to the latest data from Preqin, an analytics company that tracks the alternative investment industry.
Trucking Is in Cheema Freightlines’ Blood
In this Talking Transports podcast, Harman Cheema, Cheema Freightlines’ CEO, joins Lee Klaskow, Bloomberg Intelligence senior transportation and logistics analyst, to share insights about the state of trucking market from his perspective as a midsize carrier operating in the western US.
Oil Prices Edge Up as US Reserve Bid Lends Support
Oct 29 Reuters Oil prices inched up on Tuesday after tumbling 6 in the previous session, as a U.S. plan to buy oil for the Strategic Petroleum Reserve SPR provided some support though wider concerns about weaker future demand growth exerted pressure. Brent crude futures climbed 63 cents, or 0.88 to 72.05 a barrel by […]
Yen Mired in Political Uncertainty; Dollar Firms ahead of Key Data
SINGAPORE, Oct 29 Reuters The yen languished near a threemonth trough on Tuesday as the loss of a parliamentary majority for Japan39;s ruling coalition in weekend elections raised uncertainty about the nation39;s political and monetary outlook. Elsewhere, the dollar firmed near its recent high ahead of major U.S. data releases later in the week that could determine the path […]
Expert Technical Fundamental Insights 29.10.2024
EURUSD EURUSD traded slightly weaker today at 1.0809 amid tight volatility. This currency pair is unlikely to have stronger volatility before Wednesday with more economic numbers from EZ. In the meantime, weaker rates by ECB were already priced in, not to forget that the demand for USD remained robust. MoM, EURUSD fell by almost 3, […]
US Election Uncertainty, Softer Dollar Pins Gold near Record Levels
Gold may flirt with 2,800 in coming days analyst US job openings at 1400 GMT Traders see a 97 chance of a 25 bps US rate cut in November Palladium hits tenmonth high Oct 29 Reuters Gold prices hovered near alltime high levels on Tuesday, aided by a softer U.S. dollar and U.S. election jitters, […]
STOXX 600 Inches Higher Led by Banks; Mixed Earnings Cap Gains
HSBC rises after Q3 profit beat German consumer confidence improves to 18.3 Sweden39;s economy shank 0.1 in Q3 STOXX 600 up 0.2 Oct 29 Reuters Europe39;s benchmark index inched marginally higher on Tuesday, boosted by bank stocks after HSBC39;s upbeat thirdquarter earnings, although poor reports from other regional companies kept a lid on gains. The […]
Boeing to Raise Up to 24.3B to Shore Up Finances, Stave Off Downgrade
Offer includes 112.5 mln shares of common stock, 5 bln convertible stock Planemaker burning cash due to sixweek strike SP says stock offering 39;favorable39; for credit quality Reuters Boeing launched a stock offering that could raise up to 24.3 billion as the planemaker looks to strengthen its finances squeezed by a more than sixweek strike by […]
Santanders Polish Unit Q3 net Profit Jumps 27 on Lower FX Provisions
GDANSK, Oct 29 Reuters The Polish arm of Spanish lender Santander posted a 27 jump in thirdquarter net profit on Tuesday, supported by lower provisions for loans in Swiss francs and higher core revenues. Santander Bank Polska ended the quarter with net profit of 1.94 billion zlotys 482.4 million versus 1.69 billion forecast in a Reuters poll. […]