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U.S. bank stocks dip along with the slide in long-term Treasury yields, pulling the Financial Select Sector SPDR ETF (NYSEARCA: XLF ) down 0.8% . More news on: Financial Select Sector SPDR ETF, Bank of America Corporation, Citigroup Inc., Financial stocks news, Stocks on the move, Ne...
By Owain Johnson The European repo markets navigated the traditionally challenging end-of-year funding cycle in an atmosphere of relative calm. But repo market participants are unsure whether that calm will persist throughout 2020. A potential change of direction from new leadership at t...
Banks are making the biggest round of job cuts in four years as they extract costs to counter a slowing economy and adapt to the rise of digital technology, Bloomberg reports, citing filings by companies and labor unions. More news on: Morgan Stanley, Deutsche Bank Aktiengesellschaft, iS...
While sentiment has been at best mixed about the direction of the US economy the past few months, the European economy cannot even manage that much. Its most vocal proponent couldn't come up with much good to say about it - while he was on his way out the door . At his final press confere...
By Sonal Desai, Ph.D., Chief Investment Officer, Franklin Templeton Fixed Income Investors could be in for a bumpy year ahead, according to Franklin Templeton Fixed Income CIO Sonal Desai. She emphasizes the importance of separating the facts from the headlines, but also thinks it's a good...
In the final weeks of the decade, equities around the globe have broken out to at least 52-week highs if not record highs as is the case for the S&P 500, and now the Eurozone Stoxx 600. As shown in the first chart below, the Eurozone Stoxx 600 - priced in local currency (euros) - has f...
By Kristina Hooper, Chief Global Market Strategist Weekly Market Compass: The UK election and US-China trade deal promise to provide more clarity for businesses next year Two developments last week suggest that we have entered a period of improved economic policy certainty. Both th...
The ECB's problem The only source of economic policy of any kind for the eurozone is the European Central Bank. Fiscal policy is still the preserve of the nation states. Therefore monetary policy has to carry the bag as it's the only integrated policy source there is. However, given that t...
European monetary policy The one grand policy variable that we've got for the eurozone - thus the bulk of Europe - is monetary policy. Fiscal policy is still with the nation-states and thus just doesn't apply at that supranational level. This is an offshoot of the simple existence of the e...
By Darren Williams, Guy Bruten Transcript Darren Williams : So, we're moving towards the end of the year. 2020 is almost upon us. What are the key macro themes that we should be looking out for next year? Guy Bruten : Well, interestingly, I think some of the themes that have bee...
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NEW YORK , March 20, 2020 /PRNewswire/ -- Recent and near unprecedented volatility across global markets, driven by the impact of the COVID-19 pandemic and oil price war, has dramatically increased the explicit and implicit cost of trading in the energy and commodities markets. While...