Rumors swirl, investment-banking chief quits Deutsche Bank CEO Christian Sewing is meeting with a supervisory board on Sunday and then will probably present a sweeping overhaul of the struggling bank. Shares of the company rose the most in four-months earlier today on hopes for stability but gave some back late. Two stories have hit in
Closing changes for the main European bourses. Today: UK FTSE 100 -0.7% German DAX -0.5% French CAC -0.6% Spain IBEX -0.9% Italy MIB -0.6% On the week: UK FTSE 100 +1.7% German DAX +1.4% French CAC +1.4% Spain IBEX +1.4% Italy MIB +3.5% It was a good week for Italian shares but with the loss
Asia stocks are flashing green after record highs in US stocks.  Dovish central bank expectations likely pushing equities higher.  Asian stocks are flashing green this Thursday morning as shares on Wall Street rose to record highs in the overnight trade.  As of writing, Japan’s Nikkei is reporting 0.21% gains at 21,684 and the Shanghai Composite
US jobless claim for the week of June 29, 2019.  Releases a day early because of the July 4th holiday. The US initial jobless claims for the week of June 29th.  US initial jobless claims 221K versus 223K estimate.  Prior week revised higher to 229K vs 227K four-week average 222.25K versus 221.75K continuing claims 1686K
Oil Price Talking Points Oil prices have failed to retain the advance following the Group of 20 (G20) summit, and the advance from the June-low ($50.60) may continue to unravel as a ‘death-cross’ formation takes shape. Crude Oil Price Outlook Mired by Death Cross Formation The recent weakness in the price of oil appears to
Commenting on the latest political developments in Europe, Carsten Brzeski, Chief Economist ING Germany, argues that the biggest surprise among nominations was Christine Lagarde (France) as president of the European Central Bank and comments on what that means for the monetary policy in the eurozone. “Hawk or dove? Actually, impossible to tell as Lagarde so far has not