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Securities Derivatives

  • *Senate passes budget plan that could usher in tax reform. *Stock futures portend firm start for Wall Street. LONDON, Oct 20- European stocks, the dollar and bond yields climbed on Friday as investors speculated that the "Trumpflation trade" could be back in play, after the U.S. Senate approved a budget blueprint that paves the way for tax cuts.

  • Oct 20- U.S. stock index futures edged higher on Friday after the Senate cleared a budget blueprint, taking the Trump administration a step closer to fulfilling its promise of lowering taxes to stimulate growth. *The Republican-controlled Senate approved by a 51- to-49 vote the measure in a pursuit to legislate the tax-cut package without Democratic support.

  • Oct 19- U.S. stock index futures pointed to a lower start for Wall Street led by a drop in tech stocks Apple and eBay, on a day that marks 30 years since the 1987 Black Monday stock market crash. *Trump is set to meet Federal Reserve Chair Janet Yellen, whose term expires in February. The White House said Trump would announce his decision in the "coming days".

  • Oct 17- U.S. stock index futures were steady on Tuesday as investors assessed earnings reports from big corporates, including investment bank Morgan Stanley and healthcare major Johnson& Johnson. *Goldman Sachs, last of the big Wall Street banks to report, was down half a percent ahead of its report. President Donald Trump might pick Stanford University...

  • LONDON, Oct 16- The wave of investor bullishness towards oil that started back in July and August may have peaked at the end of September, according to the latest position records published by regulators and exchanges. Hedge funds and other money managers cut their net long position in the five major futures and options contracts linked to petroleum by a total of...

  • NEW YORK— Nordstrom is halting, at least temporarily, the hunt for a buyer, sending shares down sharply at the opening bell Monday. In June, members of the Nordstrom family including co-presidents Blake, Peter and Erik Nordstrom, said they were weighing the acquisition of 70 percent of the department store's stock that they don't already own.

  • Oct 16- U.S. stock index futures pointed to a slightly positive start for Wall Street on Monday as investors pondered a solid initial round of third quarter company earnings and awaited a further flood of results this week. Wall Street investment banks Goldman Sachs and Morgan Stanley report on Tuesday. *Wall Street indexes ended higher on Friday, with the S&P...

  • LONDON, Oct 16- The wave of investor bullishness towards oil that started back in July and August may have peaked at the end of September, according to the latest position records published by regulators and exchanges. Hedge funds and other money managers cut their net long position in the five major futures and options contracts linked to petroleum by a total of...

  • Oct 13- U.S. stock index futures pointed to slight gains at opening on Friday, as the second day of major bank third quarter earnings releases showed profits at Bank of America rising 15 percent. *Shares in the United States' second largest bank rose 0.9 percent in premarket trading after it published its report just before 7 a.m. in New York. *Analysts expect S&P 500...

  • NEW YORK, Oct 11- Recent options market activity shows traders have turned less bullish on a key financial sector exchange-traded fund, analysts said, just ahead of earnings reports from some of the largest U.S. banks. Concerns about trading revenues have taken the shine off a bank share rally fueled by bets of another Federal Reserve interest rate hike this year,...

  • *Aims for proceeds of 250- 300 million euros. FRANKFURT/ BERLIN, Oct 10- HelloFresh plans a flotation that could value the German meal kit delivery group at up to 1.5 billion euros, testing investor appetite after a sharp decline in shares in U.S. rival Blue Apron. Its largest market is the United States where it is spending heavily on discount offers and advertising...

  • SHANGHAI, Oct 10- Hobbled by the yuan's unexpected surge this year, more Chinese companies are trading currency derivatives to hedge risks, although many mainland firms remain exposed to swings in China's increasingly volatile currency. Companies in China have for years been accustomed to a stable yuan that moved in one direction for long periods of time.

  • *Existing S.Korea- China currency swap deal expires Tuesday. SEOUL, Oct 10- The central banks of China and South Korea appear to be on track to extend a $56 billion currency swap deal that expires on Tuesday, a senior South Korean source said, describing its prospects as "optimistic". South Korean and Chinese officials have been in talks to extend the currency swap...

  • Oct 9- Wall Street was set to open higher on Monday, stock index futures showed, as investors turned their focus to earnings from big banks later in the week. *Traders now see an 86.7 percent chance of a rate hike in December, according to CME Group's Fedwatch tool. *Progress made in terms of tax overhaul, with Congress moving closer to agreement on a budget resolution,...

  • LONDON, Oct 9- Deutsche Boerse has introduced a profit-sharing scheme on interest rate swaps at its clearing business, seeking to wrest trade from the London Stock Exchange amid the uncertainty over Britain's departure from the European Union. The 10 most active programme participants will be eligible for a "significant" share in revenues of IRS clearing, and...

  • LONDON, Oct 9- Deutsche Boerse has introduced a profit-sharing scheme on interest rate swaps at its clearing business, seeking to wrest trade from the London Stock Exchange amid the uncertainty over Britain's departure from the European Union. An IRS is a popular derivatives contract used by companies to insure themselves against adverse moves in borrowing...

  • TREASURY RECOMMENDS LOOSENING MARGIN REQUIREMENTS FOR BOTH CLEARED AND UNCLEARED SWAPS.

  • Oct 4- U.S. stock index futures pointed to lower opening on Wednesday after two days of record highs, as investors braced for three days of major economic data and the launch of the quarterly earnings season. Federal Reserve Chair Janet Yellen is scheduled to address the Community Banking in the 21st Century Research and Policy Conference hosted by the Federal...

  • Oct 4- Canada's main stock index futures dipped on Wednesday as oil prices fell on caution that rising U.S. crude output could scupper a rally that lasted for most of the third quarter. Canada's benchmark stock index rose slightly on Tuesday as gains in the resource and financial sectors offset a decline in shares of TMX Group after Scotia Capital and Alberta...

  • Oct 2- U.S. stock index futures were slightly higher on Monday, the first trading day of the fourth quarter, amid expectations of a more hawkish successor to Fed Chair Janet Yellen. *President Donald Trump has met with former Federal Reserve Governor Kevin Warsh and three others and has promised a decision this month as the search for a new chief for the U.S. central...