2 May, 2014 by The TZ Newswire Staff Comments Off on But Who Will Jürgen Fitschen And Anshu Jain Hang Out With?
But Who Will Jürgen Fitschen And Anshu Jain Hang Out With?
Deutsche Bank’s CEOs will still be allowed to show their faces at the St. Petersburg International Economic Forum, because German businessmen—familiar as they are with protecting their own abroad—don’t see any reason why imperial irredentism should get in the way of making money. But they’re gonna have a hard time finding other bank chiefs to…
2 May, 2014 by The TZ Newswire Staff Comments Off on Copper Rises Most In 5 Weeks On Low Supply
Copper Rises Most In 5 Weeks On Low Supply
Copper futures rose the most in five weeks as a gauge of global inventories dropped to the lowest in five years. Stockpiles monitored by exchanges in the U.K., U.S. and China have dropped 31% this year to the lowest since December 2008, according to data compiled by Bloomberg. Supplies available for removal from London Metal Exchange inventories fell to the smallest since July 2008.
2 May, 2014 by The TZ Newswire Staff Comments Off on Ukraine Scare Stops Bulls in Their Tracks
Ukraine Scare Stops Bulls in Their Tracks
Today’s financial recap and tomorrow’s financial outlook.
2 May, 2014 by The TZ Newswire Staff Comments Off on Stocks Finish Lower; Job Report Fails To Excite
Stocks Finish Lower; Job Report Fails To Excite
Stocks finished slightly lower Friday, but all three major indexes closed the week about 1% higher. The Nasdaq and the S&P 500 dropped 0.1%, and the Dow Jones industrial average fell 0.3%. Volume was lighter across the board, according to preliminary data. The market couldn’t find much to get excited about this week.
2 May, 2014 by The TZ Newswire Staff Comments Off on GM tackles 300 wrongful death and injury claims
GM tackles 300 wrongful death and injury claims
The talks are a sign that General Motors may compensate the victims of accidents resulting from faulty switches installed in 2.6 million of its cars.
2 May, 2014 by The TZ Newswire Staff Comments Off on ‘Excluded’ analyst’s unanswered Buffett questions
‘Excluded’ analyst’s unanswered Buffett questions
Meyer Shields at KBW thinks he was “excluded” from asking questions at Berkshire’s annual meeting due to his “occasionally critical analysis.”
2 May, 2014 by The TZ Newswire Staff Comments Off on Bonds & Gold Rip, But Stocks Dip Despite Furious Late-Day VIX-Slip
Bonds & Gold Rip, But Stocks Dip Despite Furious Late-Day VIX-Slip
Stocks just could not figure it out – good jobs data, bad jobs data, WWWIII? But Treasuries and gold did. 30Y yields tumbled to fresh 11 month lows (lot of desk chatter of GPIF buy orders ahead of their holiday), 10Y to 2014 lows, but the short-end sold off as 5s30s flattened to 5 year lows (under 170bps). Despite some smackdowns this week, precious metals bounced back notably today with gold’s best day in a month, back over $1300 and unch on the week.