The global equity bear market deepened in Asian trading, with Japanese stocks headed for their worst week since 2008 as anxiety over central banks’ ability to revive the world economy fueled a rally in the yen. Oil rebounded from a 12-year low.
Chinas government doesnt share exact figures, but the vast majority of gold heading into mainland China passes through Hong Kong, which does make its records public.
European banks appear to face greater long-term exposure to problems in the energy sector compared to U.S. banks, many of which have already shored up capital reserves for half of their energy debt portfolio.
A rush to “safe-haven assets” has sent the interest rate on Japanese 10-year bonds plummeting below zero, the first time in the history of government debt that the yield on a G7 country’s 10-year bonds has been negative.
Deutsche boss forced to reassure staff that bank is rock solid as volatile markets focus on sector’s ability to weather low interest rates
http://www.bloomberg.com/news/articles/2016-02-08/gold-traders-bet-comeback-has-more-to-go-as-call-options-surge
Stock markets around the globe have plunged into the red, amid fears that weaker growth will leave banks exposed to a fresh economic slowdown.
America is pumping so much oil that its running out of places to keep it all. The U.S. now has nearly 503 million barrels of commercial crude oil stockpiled, the Energy Information Administration said on Wednesday. Its the highest level of supply for th
The way most currency forecasters see it, a weaker Chinese yuan is all but inevitable. Thirty-nine of 45 strategists tracked by Bloomberg say the currency will drop against the dollar by year-end, while bearish option bets have swelled to a notional $443
U.S. oil futures extended losses after data from the American Petroleum Institute showed a 3.8 million inventory build.
Another brokerage firm has used the “R” word on Tuesday, warning investors to wake up to the idea that rising risks of a recession could send the stock market over a steep cliff.
Google reported profit and sales that topped estimates, lifted by robust sales of online ads and tighter cost controls, putting parent Alphabet Inc. on track to overtake Apple Inc. as the world’s most valuable company.
Oil prices may not be done crashing after all. Goldman Sachs thinks crude oils late January surge back above $34 a barrel was a mere head fake.
Another day, another flurry of gloomy earnings reports. Thursday was the busiest of the current season so far, and while there were some bright spots, it mostly continued the trend of widespread sales misses and lowered guidance for the rest of the year.
The oversupplied oil market is in desperate need of a rescue -- and now there are signs that Saudi Arabia may be coming round to that view too.
