Financial Times:
Christmas has come early in the Square Mile. That, ironically, is a popular complaint among City stockbrokers at the moment, who reckon trading volumes have fallen to... (Read More)
Financial Times:
Michel Barnier, former French foreign minister, is set to be put in charge of the EU’s single market, in a contentious move that followed a night of political horse-trading over top jobs in Brussels. (Read More)
Financial Times:
Christmas has come early in the Square Mile. Trading volumes have fallen to levels usually seen during the festive period. (Read More)
FT.com - Commodities News and Market Data:
Gold maintained a grip near its all-time high while oil prices dipped and base metals eased as commodity markets paused for breath after their recent strong run. (Read More)
FT Alphaville:
Gavan Nolan of Markit wrote this CDS reportThe difference between sovereign and corporate CDS spreads in Europe this week reached its smallest level since February as public finances came under increasing scrutiny. The Markit iTraxx SovX Western Europe hit 65bp on Thursday, its widest level since it began trading in Septemb (Read More)
Financial Times:
Markets live chat transcript for the chat ending at 12:14 on 20 Nov 2009. Participants in this chat were: Neil Hume, FT (NH) Bryce Elder (BE) NH:rightNH:it's 11.03NH:and timeNH:for Markets LiveNH:FT Alphaville’s daily markets round-upNH:Bryce is here this morningNH:and it’s day two of the Great Oil Shark scandalBE:yes,.. (Read More)
Financial Times:
Global Markets Overview: Talk that the dollar could be near its nadir leads to a growing sense of caution ahead of what could be a pivotal trading session in Europe. (Read More)
FT Alphaville:
Rio Tinto’s Cloud Peak Energy coal unit raised $459m in an IPO at $15 a share, below its forecast range, reports Bloomberg. Cloud Peak, the third-largest US coal producer, had sought $16 to $18 a share, according to regulatory filings. Cloud Peak will begin trading on Friday in New York. UK and Australian-listed Rio will r (Read More)
WSJ.com: What's News US:
Asian stock markets fell Friday on concerns over the U.S. economy and as resource stocks slipped on weaker commodity prices. The Nikkei was 0.5% lower.
. (Read More)
The Economists' Forum:
Windfall taxes are a ghastly idea. They are a sop to prejudice, a burden on risk-taking and a form of arbitrary confiscation. No sensible person should support them. So why do I now find the idea of a windfall tax on banks so appealing? Well, this time, it really does look different.
First, all the institutions [...]. (Read More)
Financial Times:
The scope and complexity of the alleged insider trading ring involving Galleon and other hedge funds were thrown into relief when it emerged that one of the informants who helped US prosecutors was given trading tips by an unidentified source in Asia. (Read More)
FT.com - Financial Markets News:
Gold prices dipped after hitting a record in the previous session while oil prices eased and base metals moved lower as commodity markets consolidated after recent gains. (Read More)
FT Alphaville:
Unless you've had your head buried in the sand, you'll know high frequency trading stormed onto the mainstream agenda this summer, catching the critical eye of the international press, public and regulators alike.Ironically, the practice had already been going on for years.Given HFT's clandestine nature and dependence on cl (Read More)
WSJ.com: What's News US:
U.S. stock futures fell, as pessimism surrounding the world economy weighed on markets and mounting risk aversion lifted the dollar.
. (Read More)
FT Alphaville:
While the hype about Asian IPOs is largely focused on China and the seemingly endless stream of offerings on the Shanghai and Hong Kong exchanges, Malaysia on Thursday quietly and smoothly staged the region's largest IPO of the year.Maxis, Malaysia's biggest mobile-phone operator, rose as much as 10 per cent in its trading (Read More)