2 August, 2015 by The TZ Newswire Staff Comments Off on Something Just Snapped: Container Freight Rates From Asia To Europe Crash 23% In One Week
Something Just Snapped: Container Freight Rates From Asia To Europe Crash 23% In One Week
One of the few silver linings surrounding the hard landing Chinese economy in recent weeks has been the surprising strength of the Baltic Dry Index: even as Chinese commodity demand has cratered in 2015, this “index” has more than doubled in the past few months from all time lows, and at last check was hovering just over 1,100.
2 August, 2015 by The TZ Newswire Staff Comments Off on AUD/USD & NZD/USD orders
AUD/USD & NZD/USD orders
It’s a Sydney bank holiday today – the AUD market will be less liquid than normal.
The Europe/US moves on Friday wiped out a bit of interest … so the board is thinner on that front also.
2 August, 2015 by The TZ Newswire Staff Comments Off on German auto makers agree deal to buy Nokia HERE: sources
German auto makers agree deal to buy Nokia HERE: sources
A consortium of German premium carmakers has agreed a deal to buy Nokia’s mapping business HERE, two people familiar with the matter said on Sunday. The consortium of Daimler BMW and Volkswagen’s premium …
2 August, 2015 by The TZ Newswire Staff Comments Off on The Tide Has Turned And These Charts Predict The Next Stop
The Tide Has Turned And These Charts Predict The Next Stop
2 August, 2015 by The TZ Newswire Staff Comments Off on Is This The Most Successful Trade Of The Last Decade?
Is This The Most Successful Trade Of The Last Decade?
If the longs use VIX products as hedging instruments, then why would anyone take the other side? Especially in light of the fact that, as we discussed previously, only 1 in 20 “skilled” traders profit from VIX ETFs.
Because, being short volatility can be very profitable, according to Goldman. Year-to-date this short vol index is up 56%, and selling the front-month VIX has earned a massive 114 vol points…
2 August, 2015 by The TZ Newswire Staff Comments Off on Kraft voluntarily recalls 36K cases of cheese
Kraft voluntarily recalls 36K cases of cheese
Kraft voluntarily recalled 36,000 cases of Kraft Singles American and White American prepared cheese product due to a choking hazard, NBC reports.
2 August, 2015 by The TZ Newswire Staff Comments Off on Australia announces plan to train 4,500 workers for NBN
Australia announces plan to train 4,500 workers for NBN
Bloomberg with the headline
– Comments from Australian Communications Minister Turnbull that the government is doubling the NBN workforce
– Comments on ABC radio
(The NBN is Australia’s National Broadband Network)