Thomson ReutersA man walks inside the Athens Stock Exchange in GreeceATHENS (Reuters) – Greek bank shares sold off sharply pressure for the third day in a row on Wednesday with the bank sector share index losing 14.8 percent in early deals.The broader market reversed small opening gains to trade lower, dragged down by the banks which comprise about 20 percent […]
By Steve SearsGoldman Sachs is telling clients to hedge the bio-technology sector in anticipation of a sharp decline. Early Monday, the bank told clients to buy SPDR S&P Biotech ETF (XBI) December $230 puts. During the pre-market, the ETF was priced at $255, and the put was at $15.50.
SSPL via Getty Images
“These puts are about 10% out-of-the-money and cost about […]
By Steve SearsGoldman Sachs is telling clients to hedge the bio-technology sector in anticipation of a sharp decline. Early Monday, the bank told clients to buy SPDR S&P Biotech ETF (XBI) December $230 puts. During the pre-market, the ETF was priced at $255, and the put was at $15.50.
SSPL via Getty Images
“These puts are about 10% out-of-the-money and cost about […]
Barrie McKenna of the Globe and Mail reports, Bank of Canada cuts key rate as economy contracts, exports stall:
Stephen Poloz is refusing to call it a recession, but the Bank of Canada Governor says the country needs another jolt of interest rate relief as the economy shrinks and exports stall.The central bank lowered its trend-setting overnight rate a quarter percentage […]
After the ECB shut off ELA, prime minister Alexis Tsipras imposed capital controls while blaming the ECB just as I predicted.Of course, that was an easy prediction. Yet, even at the last moment, many did not believe it would come to this.Let’s tune into the Guardian Live Blog for some details.Bank HolidaySpeaking on live TV, Alexis Tsipras is saying that […]
Europe slips lower, Deutsche Bank surges up to 5% – CNBCThe bank said it will appoint John Cryan to become co-chief executive effective July 1, 2015 to replace Anshu Jain who steps down on June 30, 2015.Read MoreDeutsche Bank: Why the dual-CEO system failedThe lender also said co-CEO Juergen Fitschen to remain in his current role until conclusion of annual […]
Will one month’s manufacturing data really prompt the Bank of England to raise rates? Photograph: ANDY RAIN/EPA
Financial markets can be utterly perverse. To any normal person, news that industrial production recovered in March would be seen as good news, tentative evidence that the economy is emerging from a soft patch in early 2015.But not if you are someone dealing in […]
The great Chinese equity juggernaut rolls on. The Shanghai composite is up 14% this year, compared with the S&P 500’s sickly -0.1% performance. This, as we’ve noted, is a bona fide mystery: China’s economy is sputtering and yet its stock market only flies higher.ShareTap image to zoomThe tanking housing market is one likely culprit, as is the recent zeal for […]
Jim Greco sat in front of his computer at Jeffries Investment Bank headquarters in New York and thought about the futility of his bond trading job. He was about to pull up a file on his PC and then make a physical phone call to another institution to place an order for a bond transaction. Something needed to be done.Unlike the stock […]
I want to trade stocks online. I already prepared the things needed to use in buying and selling stocks online. But, I still in doubt whether I will continue my plan to trade stocks online or not. I need your advice. I want to know if online stock trading is really risky. Thank you for teaching us financial literacy.A reader […]
