The Traderszone Network

Brent crude held above $57 a barrel on Friday on bargain hunting by investors, but gains were capped by a dollar that steadied after pulling back from multi-year highs on weaker-than-expected U.S. retail sales. Asian investors were also mulling the impact from a tentative deal that would end a strike by U.S. refinery workers. Movements now are market driven – it’s bargain hunting people are going in for,” said Daniel Ang, an analyst at Singapore’s Phillip Futures.

In the weeks leading up to the U.S. Federal Reserve’s annual stress test of major banks, a former risk executive of Deutsche Bank AG repeatedly warned senior managers of the German bank’s U.S. unit that they were painting a far too rosy picture of the bank’s health. They were written by William Broeksmit in December 2013 and January 2014 as the bank was preparing its Fed-mandated, internally run stress test. At the time, Broeksmit was serving as a director of the U.S. unit. The bank needed to “stress harder,” Broeksmit wrote in one email to senior managers.

Technology startups in China are raising cash at a record pace from private investors, prompting concerns about potential overvaluation, reports The Wall Street Journal.
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The U.K.

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Among the companies whose shares are expected to see active trade in Friday’s session are Ann, Buckle, and Hibbett.
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Submitted by Mike Krieger via Liberty Blitzkrieg blog,

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There was a time when those who dared to call out the massive Libor manipulation conspiracy (such as what Zero Hedge did with one of its first posts in 2009) for being a massive Libor manipulation conspiracy some 4 years before the “theory” became a fact, were branded as scaremongering, fringe voices, best to be ignored. Then, of course, once the “theory” became “fact” it suddenly was perfectly obvious to everyone in retrospect.

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