9 July, 2017 by The TZ Newswire Staff Comments Off on Doom and Gloom? Are European Banking Earnings Poised for a Pullback in Q2?
Doom and Gloom? Are European Banking Earnings Poised for a Pullback in Q2?
Optimism surrounding European banks may be short lived with expectations pointing to a decline in Q2.
9 July, 2017 by The TZ Newswire Staff Comments Off on Eurostoxx 50 futures up 0.6% in early European trading
Eurostoxx 50 futures up 0.6% in early European trading
Positive tones as we wait on official openings 10 July
– DAX +0.7%
– FTSE +0.5%
– CAC40 +0.5%
Apols for earlier Gremlins. It appears our servers were updated over the week-end and caused a couple of glitches.
9 July, 2017 by The TZ Newswire Staff Comments Off on Investors now more willing to overlook China’s slowdown, UBS CEO says
Investors now more willing to overlook China’s slowdown, UBS CEO says
Compared to a year ago, investors now realize that a few cyclical bumps will not derail China’s overall prospects, UBS CEO Sergio Ermotti told CNBC.
9 July, 2017 by The TZ Newswire Staff Comments Off on Nikkei 225 closes up +0.76% at 20,080.98
Nikkei 225 closes up +0.76% at 20,080.98
Positive tones to equities on USDJPY/loose money combo 10 July
– high 20127.76
– low 20023.03
– Topix +0.52%
– USDJPY 114.17
In Australia the S&P/ASK200 closes up 0.36% at 20080.98
9 July, 2017 by The TZ Newswire Staff Comments Off on Chinese internet giant Tencent launches WeChat Pay in Europe to challenge Alibaba’s Alipay
Chinese internet giant Tencent launches WeChat Pay in Europe to challenge Alibaba’s Alipay
WeChat is a giant social media service with 938 million monthly active users. WeChat Pay has 600 million active users.
9 July, 2017 by The TZ Newswire Staff Comments Off on German trade balance for May: 22.0bn (expected 18.7bn)
German trade balance for May: 22.0bn (expected 18.7bn)
German trade balance, May 2017 in at 22.0bn EUR, a big beat
– expected 18.7bn surplus, prior 18.1bn
Current account 17.3bn and a beat here too
– expected 15.4bn, prior 14.9bn
Exports +1.4% sa m/m also a beat