6 August, 2015 by The TZ Newswire Staff Comments Off on French trade balance June EUR-2.658bln vs -3.634bln exp
French trade balance June EUR-2.658bln vs -3.634bln exp
Trade deficit data slightly better than expected
– EUR-3.999bln prev rev up from -4.02bln
– budget balance ytd EUR -58.5bln vs -63.9bn prev
6 August, 2015 by The TZ Newswire Staff Comments Off on France manufacturing production June mm -0.7% vs +0.2% exp
France manufacturing production June mm -0.7% vs +0.2% exp
A raft of data now out
– +0.7% prev rev up from +0.6%
– yy +0.1% vs +1.8% exp vs +3.0% prev rev down from +3.3%
– industrial production mm -0.1% vs +0.2% exp vs +0.4% prev
Weaker production data again. Global recovery anyone ?
6 August, 2015 by The TZ Newswire Staff Comments Off on July job gains may favor September interest rate rise
July job gains may favor September interest rate rise
The number of U.S. jobs probably rose at a healthy pace in July and wages likely rebounded in data due on Friday, providing further signs of an improving economy that could allow the Federal Reserve to raise interest rates in September. A Reuters survey of economists forecast U.S. nonfarm payrolls increased by 223,000 last month, matching June’s job gains, a number which would be slightly above the monthly average for the first half of the year.
6 August, 2015 by The TZ Newswire Staff Comments Off on ‘Frack now, pay later,’ top services companies say amid oil crash
‘Frack now, pay later,’ top services companies say amid oil crash
Business is so tough for oilfield giants Schlumberger NV and Halliburton Co that they have come up with a new sales pitch for crude producers halting work in the worst downturn in years. In some cases, they are willing to take on the role of traditional lenders, like banks, which have grown reluctant to lend since the price drop that began last summer, or act like producers by taking what are essentially stakes in wells.
6 August, 2015 by The TZ Newswire Staff Comments Off on Analysis: Bitcoin startups lure quant whizzes from Wall Street
Analysis: Bitcoin startups lure quant whizzes from Wall Street
Armed with a doctorate in financial engineering, 34-year-old Timo Schlaefer was on his way to a promising career at Goldman Sachs in London. Previously with the bank’s mergers and acquisitions team, he became an executive director of credit quantitative modeling at Goldman, where quants like Schlaefer are highly valued. In February he gave that up, and launched a company called Crypto Facilities Ltd, a bitcoin derivatives trading platform, which now has six employees.
6 August, 2015 by The TZ Newswire Staff Comments Off on BOJ’s Kuroda says weakness in production and exports is temporary
BOJ’s Kuroda says weakness in production and exports is temporary
The BOJ snooze-fest now under way
– economy in virtuous cycle blah blah
– will check risks and adjust policy as needed blah blah
Do I have to really type the rest ? Let me save my fingers for something more important!
6 August, 2015 by The TZ Newswire Staff Comments Off on Asian shares track Wall Street lower ahead of jobs data
Asian shares track Wall Street lower ahead of jobs data
Asian shares got off on the back foot on Friday, on track for a weekly loss, following Wall Street lower as caution reigned ahead of U.S. employment data that may help determine whether the Federal Reserve could raise interest rates as early as next month. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.3 percent in early trading, down about 1.6 percent for the week, after U.S. equities logged solid losses in the wake of disappointing earnings results.