Deutsche Bank braces for $1.3 billion in U.S., UK Libor fines: sources

Posted by Forexsq 7 hours ago (
img Deutsche Bank (DBKGn.DE) is bracing to pay almost 1 billion euros ($1.3 billion) for Libor-related fines as it nears a deal with U.S. and UK authorities to settle allegations it attempted to manipulate the benchmark interest rate, two sources familiar with the matter said on Friday.

The bank has already paid 6.1 billion euros in the past two and a half years as it attempts to clear a backlog o

ECB Set to Fail 25 Banks in Review, Draft Document Shows

Posted by Forexsq 7 hours ago (
img Twenty-five lenders in the European Central Bank’s euro-area bank health check are set to fail the regulator’s Comprehensive Assessment, according to a draft communique of the final results, seen by Bloomberg News.

One-hundred-and-five banks are shown passing the review, according to the draft statement. Of the lenders that failed, about 10 will still face capital shortfalls they need to plug,

Consumer Prices in U.S. Rise 0.1% as Inflation Remains Muted

Posted by Forexsq 2 days ago (
img The cost of living in the U.S. barely rose in September, leaving inflation below the Federal Reserve’s goal as fuel prices plunge this month.

The consumer-price index climbed 0.1 percent after decreasing 0.2 percent in August, a Labor Department report showed today in Washington. The median forecast of 84 economists surveyed by Bloomberg called for no change. Excluding volatile food and fuel,

Just how sick are European banks? We find out Sunday

Posted by Forexsq 1 day 8 hours ago (
img Europe's economy is looking frail again, but is it at risk of cardiac arrest?

The banks at the heart of the eurozone economy are about to find out whether regulators will give them a clean bill of health, or send them back to the emergency room.

European officials have just completed an extensive health check on the region's top 130 banks and are due to reveal the results Sunday.

The who

U.S. jobless claims data point to firming labor market

Posted by Forexsq 1 day 8 hours ago (
img The number of Americans filing new claims for unemployment benefits rose last week, but the underlying trend firmly pointed to strengthening labor market conditions.

Initial claims for state unemployment benefits increased 17,000 to a seasonally adjusted 283,000 for the week ended Oct. 18, the Labor Department said on Thursday.

That followed three straight weeks of declines, which had pushe

U.S. factory activity growth slips in October: Markit

Posted by Forexsq 1 day 8 hours ago (
img The U.S. manufacturing sector slowed in October to its lowest rate of growth since July, while a gauge of new orders hit its lowest level since January, an industry report showed on Thursday.

Financial data firm Markit said its preliminary or "flash" U.S. Manufacturing Purchasing Managers Index fell to 56.2 from September's final reading of 57.5. Economists polled by Reuters had expected it to

U.S. Mortgage Rates Fall With 30-Year at 3.92%

Posted by Forexsq 1 day 7 hours ago (
img Mortgage rates in the U.S. declined, remaining at a 16-month low as more affordable borrowing costs fuel an increase in refinancing.

The average rate for a 30-year fixed mortgage was 3.92 percent, down from 3.97 percent last week, Freddie Mac said in a statement today. The average 15-year rate dropped to 3.08 percent from 3.18 percent, the McLean, Virginia-based mortgage-finance company said.

U.S. new home sales at six-year high; recovery still fragile

Posted by Forexsq 7 hours ago (
img Sales of new U.S. single-family homes rose to a six-year high in September, but a sharp downward revision to August's sales pace indicated the housing recovery remains tentative.

The Commerce Department said on Friday that sales increased 0.2 percent to a seasonally adjusted annual rate of 467,000 units, the highest reading since July 2008. August's sales rate was revised down to 466,000 units

The world’s best market timers: the Federal Reserve

Posted by Forexsq 2 days ago (
img Things were looking grim last week, especially on Wednesday, when the Dow Jones Industrial Average was at one point down by 460.

The CBOE VIX indicator soared to the mid-20s for the first time in two years. Fear was palpable as investors had a classic panic attack.

But then, like the cavalry in those classic John Ford westerns, the Federal Reserve rode to the rescue.

James Bullard, presi

U.S. consumer prices rise on shelter costs | Top Forex Brokers

Posted by Forexsq 2 days ago (
img U.S. consumer prices rose marginally in September, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while. The Labor... moreShare it now!

Draghi has his back to the wall | Top Forex Brokers

Posted by Forexsq 3 days ago (
img Mario Draghi, the European Central Bank president, indicated in September that the latest measures to boost faltering eurozone inflation and get the economy moving again could increase the ECB’s balance... moreShare it now!

Leveraged Money Spurs Selloff as Record Treasuries Trade

Posted by Forexsq 4 days ago (
img When markets are buckling and volatility is signaling a crisis, you sell what you can, not what you want.

That’s what happened last week on Wall Street, where slowing economic growth in Europe, Ebola anxiety and escalating conflicts in the Middle East and Ukraine tore through the calm with a force not seen in three years. Loath to find out what their record holdings of corporate bonds and leve

Russia's crusade to banish McDonald's

Posted by Forexsq 4 days ago (Editorial)
img Big Macs are becoming a big 'nyet' in Russia.

Officials are continuing their crackdown on McDonald's (MCD) by forcing the closure of nine restaurants and investigating roughly half of the country's 446 locations.

The string of closures began in late August when authorities shut down four McDonald's locations in Moscow, including the city's first that opened nearly 25 years ago. As many as a

What Yellen Needs to Learn From Sweden, Fast

Posted by Forexsq 8 days ago (
img Forget the bigger-than-forecast drop in U.S. retail sales, the surprising tumble in U.K. inflation to a five-year low, and the slide in German investor confidence.

For central banks around the world, the most informative piece of economic data released anywhere this week was the news that Swedish consumer prices fell 0.4 percent in September from a year earlier.

The seventh monthly decline

Why markets ignore good news from U.S. to focus on bad news from Europe | Top Forex Brokers

Posted by Forexsq 7 days ago (
img What’s spooking the markets? One thing we can say for sure is that it is not the slightly weaker-than-expected retail sales that triggered the mayhem on Wall Street on Wednesday... moreShare it now!

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