26 January, 2015 by The TZ Newswire Staff Comments Off on Greek Bonds Battered As Dip-Buyers Rescue Greek Stocks
Greek Bonds Battered As Dip-Buyers Rescue Greek Stocks
The post-QECB euphoria in Greek asset markets was prognosticated by those who prefer to do such things as indicative that “the markets know something,” positive about Sunday’s (yesterday’s) election… because markets are efficient and always ‘price in’ events (just like 1987, 2000, 2008 etc…). However, this morning ugliness in both Greek stock (especially banks) and bond markets suggests it was nothing more than algo-driven carry-inspired short-squeezes as both stocks and bonds plunged at the open.
26 January, 2015 by The TZ Newswire Staff Comments Off on Drone lands inside White House grounds
Drone lands inside White House grounds
A drone landed inside the White House grounds early Monday, a federal law enforcement official told NBC News.
26 January, 2015 by The TZ Newswire Staff Comments Off on Oil Jumps On OPEC’s El-Badri’s "$200 A Barrel Sometime" Comments
Oil Jumps On OPEC’s El-Badri’s "$200 A Barrel Sometime" Comments
The headline-reading algos were at the top of their game this morning when milliseconds after OPEC’s general secretary Abdalla El-Badri said oil prices could reach $200 a barrel if there’s a lack of investment following this price slump… though failed to provide any timeline for his forecast. WTI prices jumped $1 from $45 to $46 even as El-Badri noted the market was still over-supplied by 1.5 million barrels per day.
26 January, 2015 by The TZ Newswire Staff Comments Off on How China’s wealth fund views world economy
How China’s wealth fund views world economy
The head of China’s sovereign wealth fund says weak growth, divergence and instability are the “new normal” for the global economy.
26 January, 2015 by The TZ Newswire Staff Comments Off on Hedge Funds Bet Oil Will Fall Further
Hedge Funds Bet Oil Will Fall Further
Hedge funds boosted bearish wagers on oil to a four-year high as U.S. supplies grew the most since 2001. Money managers increased short positions in West Texas Intermediate crude to the highest level since September 2010 in the week ended Jan. 20, U.S. Commodity Futures Trading Commission data show. U.S. crude supplies rose by 10.1 million barrels to 397.9 million in the week ended Jan. 16 and the country will pump the most oil since 1972 this year, the Energy Information Administration says.
26 January, 2015 by The TZ Newswire Staff Comments Off on German business morale rises for third straight month in January
German business morale rises for third straight month in January
“All in all, almost everything is put in place for another strong year of the German economy. German politicians have called on Greece to stick to its agreements and Bundesbank President Jens Weidmann said it was also in the interest of the Greek government to implement reforms.
26 January, 2015 by The TZ Newswire Staff Comments Off on Oil prices fall on market relief over Saudi policy
Oil prices fall on market relief over Saudi policy
Oil prices fell on Monday, with U.S. crude falling close to a nearly six-year low, as Saudi Arabia’s new King Salman moved to assuage fears of an unstable transition and any policy change in the world’s largest oil exporter. Salman was quick to retain veteran Saudi oil minister Ali al-Naimi on Friday, in a message aimed at calming a jittery energy market following the death of King Abdullah last week. West Texas Intermediate (WTI) crude for March delivery (CLc1) was at $45.10 a barrel, down 49 cents.