Goldman Sachs Managing Director Nicholas Valtz Found Dead

Posted by Forexsq 2 days ago (http://www.bloomberg.com)
img Nicholas Valtz, a managing director in cross-asset sales at Goldman Sachs Group Inc. (GS) in New York, was found dead yesterday by family members who went searching for him after he didn’t return from a kiteboarding outing.

Valtz, 39, was found in Napeague Harbor near the eastern end of Long Island, according to the East Hampton, New York, police. He was a “novice kiteboarder” and was found fl

Pound falls as U.K. retail-sales data disappoint

Posted by Forexsq 42 minutes ago (http://www.marketwatch.com)
img The pound sterling fell against the dollar, euro and yen Thursday, pressured by weaker-than-expected U.K. retail sales data and the lack of a clear hawkish signal from the Bank of England.

Investors still expect the BOE to be the first of the G-4 central banks to normalize monetary policy, but the lack of a clarity regarding when investors can expect an interest-rate increase in the minutes fr

Consumer prices rise in June as gasoline prices jump

Posted by Forexsq 2 days ago (http://www.marketwatch.com)
img Consumer prices gained again in June but the rise was not as broad-based as in the prior month and was driven mainly by the rising cost for gasoline.

The Labor Department said the consumer price index increased 0.3% in June after a 0.4% gain in May.

The gasoline index rose 3.3% in June, and accounted for two-thirds of the increase in overall June prices, the department said.

Food and so-

For stocks, Dow 20,000—then a crash?

Posted by Forexsq 2 days ago (http://www.marketwatch.com)
img The Dow Jones Industrial Average soars to 20,000. The cheers echo around Wall Street. As the economy recovers, unemployment tumbles. A wave of mergers sweeps Wall Street as big companies bet on a continuing economic boom. The bears and naysayers are routed, humiliated and consigned to oblivion. Mom-and-Pop investors, terrified of getting left behind, pour money into stocks.

And then, horrifyin

NY Fed found serious problems at Deutsche Bank's U.S. arms: source

Posted by Forexsq 1 day 9 hours ago (http://www.reuters.com)
img The Federal Reserve Bank of New York has found serious problems in Deutsche Bank's U.S. operations, including shoddy financial reporting, weak technology and inadequate auditing and oversight, a person close to the matter told forexsq.

In a letter to the German lender's executives last December, a senior official with the New York Fed described financial reports produced by some of the bank's

Aussie Climbs on Inflation as Emerging Currencies Rally

Posted by Forexsq 1 day 9 hours ago (http://www.bloomberg.com)
img Australia’s dollar climbed to the highest level in almost two weeks against its U.S. peer as traders pared bets on a cut in interest rates after a jump in inflation.

South Africa’s rand and the Turkish lira rose for a fourth day as emerging-market currencies and stocks advanced on investor bets China will accelerate measures to boost its housing market. Indonesia’s rupiah jumped the most in tw

Two Ukraine Fighter Jets Downed by Rebels Near MH17 Site

Posted by Forexsq 1 day 9 hours ago (http://www.bloomberg.com)
img Separatists shot down two Ukrainian fighter jets in the same eastern region where Malaysian Air (MAS) Flight MH17 was destroyed, the government said.

Rebels downed two SU-25 fighters in the Donetsk region, Defense Ministry spokesman Oleksiy Dmytrashkovsky said by phone today. They were hit from a rebel missile-defense system over the village of Dmytrivka. The pilots ejected and their whereabou

Gold Holds Above Three-Day Low as Ukraine to U.S. Weighed

Posted by Forexsq 1 day 9 hours ago (http://www.bloomberg.com)
img Gold held above a three-day low in New York as investors weighed tension over the downing of a passenger aircraft in Ukraine against the outlook for an improving U.S. economy.

The dollar was little changed near a one-month high against 10 major currencies after data yesterday that showed U.S. home sales climbed to an eight-month high and before a report tomorrow that may show slowing European

U.S. Stocks Fall Amid Earnings, Mounting Global Tensions

Posted by Forexsq 3 days ago (http://www.bloomberg.com)
img U.S. stocks fell, after the biggest Standard & Poor’s 500 Index rally since April, as concern over geopolitical tensions kept investors on the sidelines before major companies report earnings.

The S&P 500 lost 0.3 percent to 1,972.96 at 9:30 a.m. in New York. The Dow Jones Industrial Average dropped 27.23 points, or 0.2 percent, to 17,072.95.

Brent Crude Rises as Ukraine Fighting Intensifies

Posted by Forexsq 1 day 9 hours ago (http://www.bloomberg.com)
img Brent crude advanced as fighting intensified between government and rebel forces in Ukraine. West Texas Intermediate traded near its lowest closing price in two days after an industry report showed U.S. gasoline supplies expanded.

Futures climbed as much as 0.5 percent in London. Rebels downed two Ukrainian SU-25 fighters aircraft today in the Donetsk region, Defense Ministry spokesman Oleksiy

Fed’s Junk Loan Bubble Busting Seen Failing as Sales Jump

Posted by Forexsq 3 days ago (http://www.bloomberg.com)
img One of the Federal Reserve’s first post-crisis tests of its ability to quash excessive risk-taking using regulatory tools is so far looking like a failure.

The Fed’s Board of Governors told Congress last week that it’s engaged in “strong supervisory follow-up” to guidance given to banks in 2013 to improve their underwriting standards for high-yield loans. Despite those efforts, Chair Janet Yel

Sterling Dips after BoE Minutes | Top Forex Brokers

Posted by Forexsq 1 day 8 hours ago (http://www.topforexbrokers.com)
img Sterling lost much ground after BoE minutes and is the weakest currency for today. While the greenback strengthened against Euro and Sterling, but it weakened aginast others. Aussie was lifted... moreShare it now!

Russian Billionaires in ‘Horror’ as Putin Risks Isolation

Posted by Forexsq 3 days ago (http://www.bloomberg.com)
img Russia’s richest businessmen are increasingly frantic that President Vladimir Putin’s policies in Ukraine will lead to crippling sanctions and are too scared of reprisal to say so publicly, billionaires and analysts said.

If Putin doesn’t move to end the war in Ukraine in the wake of last week’s downing of a Malaysia Air jet in rebel-held territory, he risks becoming an international outcast l

Global stocks edge up, U.S. bonds slip on jobless data, earnings

Posted by Forexsq 1 hour 37 minutes ago (http://www.reuters.com)
img European stocks hit 2 1/2-week highs and the euro rallied from eight-month lows against the dollar on Thursday after the region's private sector expanded at its fastest rate in three months in July.

Russian debt insurance costs rose after European Union leaders proposed sanctions on Russian banks which are majority-owned by the government. Those measures were proposed after a Malaysian Airline

U.S. stocks open lower; Gaza, Russia headlines weigh

Posted by Forexsq 3 days ago (http://www.marketwatch.com)
img U.S. stocks began the week on a sour note as headlines from Gaza and Russia were weighing on markets.

The death toll inside Gaza mounted over the weekend as Israel stepped up its ground war, while European policy makers debated tougher sanctions against Russia in the wake of the downing of a Malaysia Airlines passenger jet.
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