Securities Derivatives

  • LONDON, Jan 6- If you believe the past fortnight's shift in the pricing of currency market derivatives, bankers' concerns that Marine Le Pen may win French presidential elections in May and send another political shockwave through the euro zone may be easing. That move was also fed by stronger dollar expectations that kicked in after Donald Trump won the U.S....

  • Jan 5- U.S. stock index futures were flat on Thursday, a day after Federal Reserve minutes showed policymakers thought President-elect Donald Trump's pro-growth policies could prompt faster interest rate hikes. *Almost every Fed policymaker said Trump's promises of tax cuts, infrastructure spending and deregulation could stoke higher inflation,...

  • WASHINGTON, Jan 3- The top U.S. derivatives and commodities regulator officially offered his resignation on Tuesday, saying he would step down on Jan. 20, the day of the presidential inauguration. Commodity Futures Trading Commission Chairman Timothy Massad had said he expected to leave once President-elect Donald Trump took office and he hoped for a smooth...

  • Jan 3- A jump in oil prices and upbeat data from China lifted U.S. stock index futures on the first trading day of the new year, with Dow futures advancing by triple-digit points. *China's factory activity picked up more than expected in December giving the manufacturing sector a solid boost heading into 2017, according to a private business survey.

  • *Euronext to buy LCH Clearnet SA for 510 mln euros. The European Commission has expressed antitrust concerns about the $28 billion merger and the impact on the clearing of derivatives contracts in particular. The Commission, in a document on the issue, has not made clear if the sale of the French clearing business, LCH Clearnet SA, would be enough to dispel its...

  • Dec 30- U.S. stock index futures rose on Friday, with the Dow poised for its best annual performance since 2013 amid increasing optimism about the outlook for the economy. *Markets have shown surprising resilience to major political events, such as Britain's vote in June to leave the European Union and the election of Donald Trump as U.S. president in November.

  • *Dow stumbles again at 20,000. LONDON, Dec 29- European shares, the dollar and bond yields fell on Thursday, with traders using the quiet holiday period to book some profit on the rise that had lifted all three to multi-year and in some cases record highs recently. U.S. stock futures pointed to a flat open on Wall Street.

  • Dec 29- U.S. stock index futures were little changed on Thursday, a day after the S&P 500 index turned in its biggest fall in two months, putting a damper on a post-election rally. *U.S. equities had been enjoying a rally since the presidential election in November on bets that Donald Trump would introduce tax cuts, deregulation and higher infrastructure spending...

  • Dec 28- U.S. stock index futures rose on Wednesday, a day after strong economic data helped the Nasdaq close at a record high. *U.S. equities have been riding a post-election rally, feeding on optimism that Donald Trump's policies would be business friendly, especially to banks and industrials. *The Dow, which has gained the most among the three major Wall Street...

  • The Amazon Echo home assistant and its smaller version, Echo Dot, topped the best-sellers list, said Jeff Wilke, chief executive of Amazon's worldwide consumer division, in a press release. "It's all relative to other numbers that they've never told us," said analyst Jan Dawson of Jackdaw Research. "While Amazon's device sales are still relatively small growth...

  • Dec 23- U.S. stock index futures were little changed in thin trading on Friday ahead of the Christmas holiday. *U.S. stocks fell on Thursday, weighed down by weakness in retailers as investors stepped back from a recent rally fueled by optimism that President-elect Donald Trump's policies will boost the economy. "Although Wall Street succumbed to the bears on...

  • NEW YORK, Dec 22- The U.S. Department of Justice on Thursday sued Barclays Plc and two former executives on civil charges of fraud in the sale of mortgage-backed securities during the run-up to the 2008-09 financial crisis. Barclays was among a handful of European banks still under investigation by the Justice Department, according to company disclosures.

  • Dec 22- U.S. stock index futures were little changed in light trading on Thursday ahead of a host of economic data. *U.S. stocks have rallied since the Nov. 8 election, with the Dow up about 9 percent and the S&P 6 percent as investors expect the economy to benefit from President-elect Donald Trump's plans for deregulation and infrastructure spending.

  • WASHINGTON, Dec 21- Goldman Sachs Group Inc will pay a $120 million penalty to resolve civil charges that it attempted to manipulate a global benchmark for interest rate products known on Wall Street as "ISDAFIX," U.S. derivatives regulators said Wednesday. The case against Goldman Sachs, brought by the Commodity Futures Trading Commission, was the latest in a...

  • Dec 21- U.S. stock index futures were little changed on Wednesday, a day after the Nasdaq Composite Index and Dow Jones Industrial Average hit record highs, with the blue-chip index closing just 25 points shy of the 20,000 mark. *Investors have said that breaching 20,000 could mean that a recent rally on Wall Street would continue. *U.S. stocks have been on a roll since...

  • Dec 19- U.S. stock index futures were slightly higher on Monday as investors awaited a speech by Federal Reserve Chair Janet Yellen, less than a week after the Fed raised interest rates for only the second time since the financial crisis. *Yellen will be speaking on "the State of the Job Market" at 1:30 p.m. ET at the University of Baltimore. *U.S. stocks fell on Friday,...

  • NEW YORK, Dec 16- Goldman Sachs Group Inc has agreed to pay $56.5 million to resolve a U.S. class action lawsuit accusing it and other banks of rigging an interest rate benchmark used in the $553 trillion derivatives market. The proposed settlement was disclosed in papers filed in federal court in Manhattan on Friday. It said the banks also caused UK brokerage ICAP...

  • NEW YORK, Dec 16- Goldman Sachs Group Inc has agreed to pay $56.5 million to resolve a U.S. class action lawsuit accusing it and other banks of rigging an interest rate benchmark used in the $553 trillion derivatives market. The proposed settlement was disclosed in papers filed in federal court in Manhattan on Friday. It came after seven other banks agreed in May to...

  • NEW YORK, Dec 16- Friday marked "quadruple witching day," the quarterly simultaneous expiration of U.S. options and futures contracts, but ominous as it sounds, traders may have little to fear on this day in terms of volatility. "It used to be a bigger deal than it is now," said Richard Selvala, chief executive at Harvest Volatility Management LLC. On the last 10 witching...

  • NEW YORK, Dec 16- Friday marked "quadruple witching day," the quarterly simultaneous expiration of U.S. options and futures contracts, but ominous as it sounds, traders may have little to fear on this day in terms of volatility. "It used to be a bigger deal than it is now," said Richard Selvala, chief executive at Harvest Volatility Management LLC. On the last 10 witching...