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In the file of better late than never, thought I'd post Friday's picks from Options Action - the focus: Deutsche Bank and Target.
November's jobs report, as expected, showed a slight pickup in hiring, but the suprising positive —a lower unemployment rate—could be masking a troubling trend.
November's employment report is expected to show improvement but still portray weak hiring. Still, investors have "become somewhat biased for a stronger-than-expected number," says one market strategist.
Julian Callow, Barclays Capital chief European economist, discusses the state of UK and European banks as Italian bond yields rise to worrisome levels. "Banks will be pressured to raise capital," he says.
Hundreds of millions of dollars of customer funds missing from MF Global are probably just gone. A lawyer briefed on the progress of the investigation being undertaken by various government regulators say investigators now believe MF Global used customer money to make trades, such as buying sovereign debt securities.
He's 33 and she's 49. And while they're no longer together — Demi Moore announced plans to file for divorce from Ashton Kutcher on Thursday—it's the age difference between the two that really interests market analysts.
“Everyone is too focused on Europe and the possibility (albeit very small in my view) of a Lehman-type of event,” says Joseph Lavorgna, a managing director at Deutsche Bank.
The congressional 'super committee' could quickly become a super-sized headache for markets if it doesn't show progress by its Thanksgiving-eve deadline. Investors are decidedly negative in their view of the bi-partisan committee, as they remember the high level of political rancor surrounding the debt ceiling debate and the subsequent downgrade of the U.S. credit rating last summer.
The Congressional "super committee" could quickly become a super-sized headache for markets if it doesn't show progress by its Thanksgiving-eve deadline.
Italy and Greece's debt woes haven't gone away, yet U.S. crude oil prices are closing in on $100 a barrel, following the upward momentum in the euro and equities on cautious optimism over improved Italian and Greek bond spreads.
Europe’s banking sector is ready for a shake-up as its largest financial institutions try to slim down their operations in response to the sovereign debt crisis. The NY Times repeorts.
Chow Tai Fook Jewelery has been forced to slash the size of its planned Hong Kong listing because of market volatility but still hopes to raise up to $3 billion next month, according to people close to the deal, which could be the city’s largest initial public offering this year. The FT reports.
Remember when chatter on the floor suggested the Street was growing optimistic about – well, everything. That was sooo yesterday. No we mean that literally. It was yesterday.
Wednesday could be a critical day for investors. "On Wednesday the market needs to prove itself,” says Guy Adami. What does he mean and how will you know?
Currency trading on macro trends has been difficult this year, and this strategist says 2012 will be no better. Here's how to cope.
As global stocks surged last week, hedge funds with a macro focus increased their bets against Europe, new analysis shows.
Two bearish trades, two winners, one strategy. That more or less sums up last Friday's Options Action.
Wondering how some smaller currencies would survive a market calamity? Here's one strategist's analysis.
MF Global has filed for Chapter 11 bankruptcy protection.