26 August, 2015 by The TZ Newswire Staff Comments Off on Japan’s Kuroda Denies Existence Of Currency War As China Devalues Yuan To Fresh 4 Year Lows, Injects CNY150bn Liquidity
Japan’s Kuroda Denies Existence Of Currency War As China Devalues Yuan To Fresh 4 Year Lows, Injects CNY150bn Liquidity
The night began much like any other morning in Asia – with pure comedy gold from Japanese leadership with BOJ’s Kuroda saying he is “not concerned about currency wars, there is no currency war,” adding that he has “no plans for further easing.” That coincided with a drift lower in Japanese stocks from the US close – but mots of Asian stock markets were green buoyed by America’s victory against malicious sellers for the first time in a week. Meanwhile, in China, margin debt drops to a 7-month lows (but is still up 133% YoY).
26 August, 2015 by The TZ Newswire Staff Comments Off on Levered ETF Bets on U.S. Stocks Go Bananas After Drop
Levered ETF Bets on U.S. Stocks Go Bananas After Drop
“Go big or go home” is what the cool kids say, and yesterday exchange-traded fund investors did the former: they went big on tripled-leveraged bets that stocks will rebound and other bets that short-term Treasuries will gain.
26 August, 2015 by The TZ Newswire Staff Comments Off on Levered ETF Bets on U.S. Stocks Go Bananas After Drop
Levered ETF Bets on U.S. Stocks Go Bananas After Drop
“Go big or go home” is what the cool kids say, and yesterday exchange-traded fund investors did the former: they went big on tripled-leveraged bets that stocks will rebound and other bets that short-term Treasuries will gain.
26 August, 2015 by The TZ Newswire Staff Comments Off on PBOC sets yuan mid-point reference rate at 6.4085
PBOC sets yuan mid-point reference rate at 6.4085
People’s Bank of China (PBOC) sets the USD/CNY mid-point reference rate at 6.4085
– The bank sets the mid-point each day (Monday to Friday) and then allows the rate to fluctuate +/-2% either side of this central point.
Yesterday the rate was set at a (then) 4-year central point low (for the yuan) of 6.4043. Yuan set weaker again today. Devaluations (albeit teeny tiny) continue
26 August, 2015 by The TZ Newswire Staff Comments Off on PBOC sets yuan mid-point reference rate at 6.4085
PBOC sets yuan mid-point reference rate at 6.4085
People’s Bank of China (PBOC) sets the USD/CNY mid-point reference rate at 6.4085
– The bank sets the mid-point each day (Monday to Friday) and then allows the rate to fluctuate +/-2% either side of this central point.
Yesterday the rate was set at a (then) 4-year central point low (for the yuan) of 6.4043. Yuan set weaker again today. Devaluations (albeit teeny tiny) continue
26 August, 2015 by The TZ Newswire Staff Comments Off on BNY Mellon Working to Resume Fund Pricing Due to SunGard Issue
BNY Mellon Working to Resume Fund Pricing Due to SunGard Issue
Bank of New York Mellon Corp., a custody bank, is still working to provide closing prices for certain mutual funds and exchange-traded funds after a technology used to generate net asset values broke down on Monday.
26 August, 2015 by The TZ Newswire Staff Comments Off on BNY Mellon Working to Resume Fund Pricing Due to SunGard Issue
BNY Mellon Working to Resume Fund Pricing Due to SunGard Issue
Bank of New York Mellon Corp., a custody bank, is still working to provide closing prices for certain mutual funds and exchange-traded funds after a technology used to generate net asset values broke down on Monday.