6 July, 2017 by The TZ Newswire Staff Comments Off on PBOC sets USD/CNY mid-rate today at 6.7914 (vs. yesterday at 6.7953)
PBOC sets USD/CNY mid-rate today at 6.7914 (vs. yesterday at 6.7953)
People’s Bank of China refrains from OMOs again today (for the 11th day in a row).
20bn yuan in RRs mature today, so a net drain
For the week as a whole the PBOC have drained 250bn yuan (330bn drain last week)
6 July, 2017 by The TZ Newswire Staff Comments Off on BOJ bought 500 bn yen of 5 to 10 yr JGBs (vs. 450bn prior operation)
BOJ bought 500 bn yen of 5 to 10 yr JGBs (vs. 450bn prior operation)
And a minor flurry of USD/JPY buying on that – also buying unlimited quantities of 10yr JGBs at 0.11% yield
We flagged the BOJ to buy JGBs earlier:
USD/JPY on the move, ticking a wee bit higher
6 July, 2017 by The TZ Newswire Staff Comments Off on MarketWatch First Take: Tesla’s bad week gets worse as Elon Musk’s credibility takes another hit
MarketWatch First Take: Tesla’s bad week gets worse as Elon Musk’s credibility takes another hit
Overpromising by Tesla Inc.
6 July, 2017 by The TZ Newswire Staff Comments Off on It looks like things have calmed on the Korean peninsula – Yonhap goes bananas
It looks like things have calmed on the Korean peninsula – Yonhap goes bananas
Here’s the latest tweet from Yonhap (Yonhap News Agency is South Korea’s largest news agency);
Bananas reference song …
6 July, 2017 by The TZ Newswire Staff Comments Off on Mutual Funds Weekly: Fund managers face a stock market hurdle of their own making
Mutual Funds Weekly: Fund managers face a stock market hurdle of their own making
Most stock professionals won’t switch to cash when prices are lofty.
read more
6 July, 2017 by The TZ Newswire Staff Comments Off on Natixis Asset Management Completes Landmark Blockchain-Based Fund Transaction
Natixis Asset Management Completes Landmark Blockchain-Based Fund Transaction
Natixis Asset Management has reportedly become the first asset manager to utilize a blockchain-powered platform to distribute fund shares to investors that purchased them, a landmark accomplishment as distributed ledger technology works its way into the back office of global finance.
6 July, 2017 by The TZ Newswire Staff Comments Off on NFP day – Goldman Sachs preview
NFP day – Goldman Sachs preview
Goldman Sachs on their expectations for the June nonfarm payrolls
– Headline +180k
– Unemployment 4.3%
– Average hourly earnings+0.3% m/m & +2.6% y/y
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