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Two months after an unexpected, landslide loss in the December 4 constitutional referendum which cost him his job as Italy’s prime minister, on Sunday Matteo Renzi quit as leader of Italy’s ruling party, in the process triggering a re-election fight against minority dissidents that threatens the stability of the center-left government, Bloomberg reports. Renzi told a national assembly of the ruling PD that he had handed in […]

Here are the questions the FT Markets team will be pondering this week: What do retail flows mean? Money flows are widely watched but, like anything in markets, there is signal and then there is noise. Investors poured money into global stock funds last week, one when US stock markets set fresh records, and US long-only equity funds received the first net inflow of cash ($0.5bn) in […]

Pakistan stocks exchange (PSX) remained under pressure during the week ended February 17, 2017 as worsening security situation and political uncertainty kept the participants on the sidelines, dealers said. An analyst at Arif Habib Limited (AHL) said mixed trend was witnessed at the local bourse with levels above the psychological 50K mark seemingly untenable. “Resistance became the underlying theme of the market given reservations over the ongoing […]

This market reminds us of this…“none shall fall”   Gold remains 2017’s biggest gainer, oil is down, bonds flat and the panic bid this week dragged The Dow higher…   After 6 straight intraday ramps in the S&P 500, the last two days – since Catalyst stopped its forced covering – have seen the character of the market shift notably…   On the week, Nasdaq was the […]

PARIS France said on Wednesday it would not accept interference by Russia or any other state in its presidential election, and would retaliate if necessary. The pledge by Foreign Minister Jean-Marc Ayrault followed complaints by the party of election frontrunner Emmanuel Macron that his campaign was the target of ‘fake news’ put out by Russian media, as well as internet attacks on its databases. “We will not […]

Painting a relatively optimistic economic picture during Congressional testimony this week, Janet Yellen confirmed the Federal Reserve would raise interest rates gradually. It was clear in the sessions, though, that other factors would soon weigh on interest rates and markets. Fiscal policy could make the Fed more hawkish. Yet the political agenda of financial deregulation, coupled with President Donald Trump’s choices for several vacancies on the Fed’s […]

SoftBank’s billionaire founder Masayoshi Son, who has boasted of creating the “Berkshire Hathaway of tech”, has thrown himself into the world of private equity and hedge funds with a $3.3bn acquisition of US alternative asset manager Fortress Investment Group. The deal, which follows the Japanese group’s traditional focus on telecoms and internet, comes just as SoftBank is emerging as one of the world’s largest investors with the […]

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PARIS Independent Emmanuel Macron will easily beat far-right leader Marine Le Pen in a runoff in the French presidential election, but the outcome of a knockout between her and conservative Francois Fillon would be closer than before, a poll showed on Monday. The Opinionway poll showed Le Pen would get 42 percent of votes compared to 58 percent for Fillon if the scandal-hit Fillon made it through […]

|By Matein Khalid| The US Dollar Index has now fallen 3.5% since it peaked on January 3. Donald Trump and his White House aides broke the 20 year taboo against speaking out against the “strong dollar” policy platitudes. The Federal Reserve did not raise interest rates and signaled no rate hike is imminent at the March FOMC. It is significant that the US dollar has fallen against […]

Submitted by Nick Kaman of Letters from Norway Introduction: Norwegians are just now starting to grapple with the effects of their “single cylinder” economy, mostly dependent on oil and gas (ca. 60% of exports). Despite optimism about $50-$70/barrel oil, American crude output is surging, on track to be the highest ever, since 1970, while cracks start to form in OPEC’s latest agreement. In addition to the oil […]

Gulf countries are forecast to drive the bulk of 2017 sovereign debt issuance, followed by Latin America, according to Bank of America Merrill Lynch. Its latest GEMs Macro Monthly report said it expects Saudi Arabia, Argentina, Qatar and Kuwait to be the largest gross and net debt issuers in 2017. It said these four issuers could account for 37 percent of the total sovereign gross issuance. Among […]

Traffic modeling has been of interest to mathematicians since the 1950s. Research in the area has only grown as road traffic control presents an ever-increasing problem. Generally, models for traffic flow in road networks are time-dependent and continuous, that is, they describe traffic by a continuum rather than as individual drivers or cars. These macroscopic models describe the temporal and spatial evolution of traffic density without predicting […]

European stocks and S&P futures rose modestly ahead of January US payrolls data, along with the dollar, while Asian shares dropped after China returned from a week-long holiday. Bonds slid, oil rose while the JGB intervened in the bond market to prevent a bond rout, in one of two major surprises during the Asian session. As reported last night, having closed at 0.109% yesterday the 10y JGB […]

02 February 2017 For years, mid-tier banks have been told they’re potentially heading for extinction The barbell effect dictates that the middle will be significantly challenged by an increasingly tough business environment, with only the very large and the very niche institutions being able to succeed. And indeed the outlook does look challenging, if one adds up the increased cost of regulatory compliance, the pressure on fees […]

La Villette, a corrugated iron convention hall on the northern rim of Paris, was meant to be François Fillon’s launch pad towards the French presidency after winning the centre-right nomination in a landslide. But on Sunday he stood in the packed venue, days after claims emerged that the Republican candidate had allegedly employed his wife in a fake parliamentary job for years and, suddenly, victory seemed to […]

TOKYO Asian shares inched up to four-month highs while the dollar was finding its feet on Thursday after the U.S. Federal Reserve stuck to its mildly upbeat economic view but gave no hint of accelerating rate hikes. While strong economic data from the United States and elsewhere have underpinned risk assets, uncertainty and concerns over U.S. President Donald Trump’s policies have markets on edge. “With many of […]

By Emile Picy and Chine Labbé | PARIS PARIS French police searched presidential candidate Francois Fillon’s office in parliament on Tuesday as an inquiry into alleged fake work by his wife threatened his campaign and party leaders began to consider a ‘Plan B’ without him. Fillon had been favourite to win the presidency for the conservative Republicans party until a week ago, when it was reported that […]

The US stock market suffered its largest decline this year, alongside investors snapping up protection against a possible rise in volatility, pointing towards the nervousness over the recent rally. The S&P 500 dipped 0.6 per cent to 2,281, its biggest one-day fall since December 28. The Dow Jones Industrial Average was down 0.6 per cent to 19,971, while the Nasdaq Composite dropped 0.8 per cent to 5,614. […]

By Gertrude Chavez-Dreyfuss and Anna Irrera | NEW YORK NEW YORK Day traders love making bets on tweets from U.S. President Donald Trump, but some of the most prominent quantitative strategists from hedge funds and banks are not quite ready to make big, bold trades on his social media musings. The president’s active Twitter presence has lifted volatility in financial markets, which is good for day traders […]

European, Asian stocks and S&P futures all drop after traders were left with a sour taste from the potential fallout of Donald Trump’s order halting some immigration and ahead of central bank decisions from the U.S. and Japan.  Markets in Hong Kong, China, Malaysia, Korea, Singapore, Taiwan and Vietnam are all shut due to the Lunar New Year public holiday, leading to a quiet Asian session. Oil […]

“It seems to me like a lot of people think we’re in a new inflationary boom,“ but, warns Gluskin-Sheffs David Rosenberg, “the answer is no… that’s just not gonna happen. It’s not like Ronald Reagan at all in that regard.” Full podcast: Submitted by Patrick Ceresna via Macrovoices.com, This time around, not only are valuations at 15-year highs but we’re entering it into the eighth year of […]

Most thermodynamic measurements of binding reactions rely on the validity of the law of mass action and the assumption of a dilute solution. Yet, important biological systems such as allosteric ligand-receptor binding, macromolecular crowding, or misfolded molecules may not fulfill these assumptions and may require a particular reaction model. A new article reports that researchers have determined thermodynamic properties in biomolecular complex systems such as binding energies, […]

PARIS Britain is becoming subservient to a United States that will be extremely difficult to cooperate with judging by President Donald Trump’s “serious and worrying” first acts, French presidential candidate Emmanuel Macron said on Friday. British Prime Minister Theresa May, who will hold talks with Trump later on Friday, wants a renewal of the “special relationship” between London and Washington at a time her conservative government redraws […]

UBS finished a tough 2016 on an upbeat note, with an unexpectedly strong increase in fourth-quarter profits, and has predicted improved US investor confidence would this year boost its wealth management businesses. However, Sergio Ermotti, chief executive, warned the more positive US trends were not mirrored globally, and UBS’s shares fell 1.2 per cent in early trading as analysts raised concerns about unexpected fourth-quarter outflows of clients’ […]

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