SHANGHAI, Dec 25- Shanghai copper futures inched up slightly on Thursday, as hopes of new official measures to invigorate the economy offered support for prices, even though domestic demand for the metal continued to sag. In a sign of weak local demand, spot premiums for copper in Shanghai bonded warehouses fell to just 80 yuan a tonne, compared with between $40- $50...» Read More
Newedge, a leading broker, is abandoning the Greek stock market in a sign of mounting concern over the country’s future in the eurozone, the FT reports.
The technocratic government of Mario Monti has made significant progress towards overhauling Italy’s economy since it came to office last year, but has not done enough to combat tax evasion and the country’s sizeable black economy, an EU finding to be released this week has determined, the Financial Times reports.
Spain, Italy and Greece, already fighting a financial and economic crisis, are now facing an oil crisis. Olive oil, that is. the Financial Times reports.
Kevin Ferry, Cronus Futures Management; David Gilmore, FXA senior analyst; and John Netto, M3 Capital president, provide a preview of what traders are watching ahead of the holiday weekend, including a look at continued problems in the euro zone, the drop in gold prices, and the drifting U.S. dollar.
Earlier this month, I asked the leaders of a group of U.S-based companies what – if anything – they were doing to prepare for “Grexit”, or a possible exit of Greece from the euro zone. The responses from the manufacturers were rather vague. The FT reports.
Some of Europe’s biggest fund managers have confirmed they are dumping euro assets amid rising fears over a possible Greek exit from the euro zone and single currency turmoil, the Financial Times reports.
The FMHR traders share their top three trades today, including Pandora popping on better-than-expected earnings. J.C. O'Hara, Phoenix Partners, discusses rising crude prices and a look at how to play oil at these levels, with Dan Dicker, MercBloc.
Market correlations have once again been rising - with stocks, bonds and even gold dropping in recent weeks on worries about Greece. That's making it harder for investors to use traditional forms of portfolio diversification. Instead, according to one fund manager, investors should be looking at technical price patterns.
Yra Harris, Praxis Trading, discusses which market moving activities traders will be watching ahead of the opening bell and shares his perspective on repealing the Glass-Steagall Act.
When Lehman Brothers declared bankruptcy in September 2008, investors rushed to buy gold. When the eurozone crisis erupted in 2010, they bought more.' But this year the buying has fizzled out, reports the Financial Times.
I sympathize with the Germans. This is not because I agree with their prevailing view of how the crisis occurred or what to do about it. I sympathize because the German elite were the ones who understood what creating the euro implied. They realized that a currency union could not work without a political union. The FT reports.
Banks are braced for a fresh attack on their profit margins, if Moody’s presses ahead shortly with plans to downgrade short-term funding ratings sectorwide. The FT reports.
The majority of the world’s art that is not on display, either in museums or private residences, is stored in a small number of tax-free ports across the globe, mainly in Switzerland.
Jim O'Neil, Goldman Sachs Asset Management chairman, discusses where to find value in U.S. equities, and the euro zone's continued debt problems, with Dick Grasso, former NYSE chairman.
Bart Chilton, Commodities Futures Trading Commission commissioner, weighs in on an open probe into any wrongdoing in JPMorgan's $2 billion plus trading loss.
The Institute of Directors has endorsed a radical proposal that recommends replacing part of the UK tax system with a single income tax rate of 30 percent and reducing the government’s share of the national economy to one-third, the Financial Times reports.
Vince Cable, business secretary, has vowed to resist “bonkers” proposals to allow bosses to fire underperforming staff at will, as coalition tensions flared over a Number 10-inspired report on cutting jobs red tape. The FT reports.
Imagine for a minute that you are sitting on a $360 billion-odd pot of cash. Somehow you have to stash that money in an incredibly safe place, but also produce some returns. So where do you put it? The FT reports.
If Greece goes: An exit is likely to shatter faith in the eurozone’s integrity for ever. The Financial Times reports.
David Cameron, Britain’s prime minister, will on Thursday warn that the single European currency could unravel in a way that “carries huge risks for everyone” unless the eurozone’s 17 members move rapidly towards full fiscal and political union.
The U.S. dollar index is hitting the highest level in nearly nine years.
Anthony Grisanti and Scott Nations make sense of an awful few sessions for natural gas, with CNBC's Jackie DeAngelis and the Futures Now Traders.
Riding the S&P into year-end may be the world's easiest trade. Scott Nations goes behind the numbers explains why he's hopping on board, with CNBC's Jackie DeAngelis and the Futures Now Traders.