11 January, 2016 by The TZ Newswire Staff Comments Off on When The Banking Index $BKX Is Making 52 Week Lows And Testing The 2-Year Lows
When The Banking Index $BKX Is Making 52 Week Lows And Testing The 2-Year Lows
Much has been said that everything must be fine because the US Banks are holding up just fine. The Banking Index $BKX made new 52 week lows on Monday so that changes the narrative considerably in my mind. From the chart below, we can see it is actually more severe as this level has been the major support for the past two years and we currently sit at levels reached in July of 2013. Both 2014 and 2015 had index lows at this level in Mid-January. A few of the big banks report this week including JPM.
11 January, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Plunging prices could force a third of U.S. oil firms into bankruptcy
The Wall Street Journal: Plunging prices could force a third of U.S. oil firms into bankruptcy
Crude-oil prices plunged more than 5% on Monday to trade near $30 a barrel, making the specter of bankruptcy ever more likely for a significant chunk of the U.S.
11 January, 2016 by The TZ Newswire Staff Comments Off on Top investor: The sell-off makes Europe look good
Top investor: The sell-off makes Europe look good
The recent selloff has made Europe’s stocks look more attractive, Allianz GI’s CIO for global equities told CNBC.
11 January, 2016 by The TZ Newswire Staff Comments Off on Top investor: The sell-off makes Europe look good
Top investor: The sell-off makes Europe look good
The recent selloff has made Europe’s stocks look more attractive, Allianz GI’s CIO for global equities told CNBC.
11 January, 2016 by The TZ Newswire Staff Comments Off on Top investor: The sell-off makes Europe look good
Top investor: The sell-off makes Europe look good
The recent selloff has made Europe’s stocks look more attractive, Allianz GI’s CIO for global equities told CNBC.
11 January, 2016 by The TZ Newswire Staff Comments Off on Today’s yuan strength – what the PBOC hope to achieve
Today’s yuan strength – what the PBOC hope to achieve
Its a hectic day in the yuan market
Borrowing rates if you want to short the offshore yuan have blown out. Hugely.
Which has narrowed the gap between the onshore (CNY and offshore (CNH), with the CNH trading stronger than CNY, a huge reversal of last week’s record gap between the two.
11 January, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Dalian Wanda buys Hollywood’s Legendary Entertainment for $3.5B
The Wall Street Journal: Dalian Wanda buys Hollywood’s Legendary Entertainment for $3.5B
Chinese conglomerate Dalian Wanda Group Co.