http://www.bloomberg.com/news/articl...g-on-for-rally
A Bunch of Apple Insiders Sold Stock at Exactly the Wrong Time
Five executives cut stakes in August, most since at least 2004
Stock up 7 percent this month, partly helped by Samsung’s woe
Printable View
http://www.bloomberg.com/news/articl...g-on-for-rally
A Bunch of Apple Insiders Sold Stock at Exactly the Wrong Time
Five executives cut stakes in August, most since at least 2004
Stock up 7 percent this month, partly helped by Samsung’s woe
http://www.wsj.com/articles/dollar-edges-higher-on-gains-against-pound-yen-1474643255
Dollar Edges Higher on Gains Against Pound,Yen
https://www.poundsterlinglive.com/eu...o-eur-abn-amro
ABN Amro Upgrade British Pound + UK GDP Forecasts, Sterling Seen Ending Year Higher Against Euro and US Dollar
Ukraine Market
One year return
PFTS Index= negative (-22.32)
Ukrainian Equities Index=negative (-7.87)
One month return
PFTS Index= 8.78%
Ukrainian Equities Index=17.11%
After sometime, It has returned to some bullish territory.
Russian Market
One year return
MICEX INDEX= 22.70%
RUSSIAN RTS INDEX =26.93%
One month return
MICEX INDEX= 0.93%
RUSSIAN RTS INDEX =2.10%
May be it is time to look for new bullish markets. When compare with Russia, Ukraine should outperform Russia in 2017. Russian market has given some good returns in 2016. On the other hand Ukraine had underperformed other markets during first seven months of 2016.
Some big news yesterday, German Chancellor Merkel ruled out a Bailout package for Deutsche Bank which is looking incredibly sick with potential capital shortfalls even if the DOJ settlement is reduced to $5B. This could be disastrous for Germany, the Euro area and the global banking sector.
Points to note:
- DB is the most systemic bank in Europe
- This sent DB's shares to record lows (sub 11 Euros), along with the majority of other European banks
Attachment 8328
- DB's balance sheet is larger than the German GDP
- DB's derivative exposure is greater than the whole Euro area GDP
Attachment 8329
- Draghi "I'm not willing to comment on the DB situation"
- Pending DOJ settlement is around $15B, when DB's market cap is only around $18B Euros
This then poses the question:
Attachment 8330
Regards,
Mush
https://www.ft.com/content/c882de4e-...c-6e7d9515ad15
Deutsche Bank denies seeking help from Berlin over
http://www.bbc.com/news/business-37469751
German economy expecting golden autumn, says Ifo head
http://www.stuff.co.nz/business/farm...omestic-prices
Bountiful overseas harvests put pressure on domestic prices
For some reasons some investors and analysts didn’t like the bailout move in the past.
http://harvardpolitics.com/arusa/the-bank-bailout-in-perspective/
The Bank Bailout in Perspective
http://www.forbes.com/sites/johntamny/2011/03/06/necessary-bank-bailouts-harm-the-economy-wreck-the-banks/#7558a88a19fe
"Necessary" Bank Bailouts Harm the Economy, Wreck the Banks
http://seekingalpha.com/article/188040-why-the-bank-bailouts-were-necessary
Why the Bank Bailouts Were Necessary
Despite volatility in global stocks market there are some demands for some stocks particularly for food related stocks. Volatility has become new normal now. It is not abnormal any longer.
Commodity market
OPEC deal prevented from OIL tanking below $40. Still outlook for oil market is very fragile due to poor fundamentals. If above deal work without any problems oil can stay around $47to $50 in 2017.However USA shale producers and another giant oil producer Kazakhstan still will supply enough oil to the market. There will be competition for oil market in the coming decade among oil producers. Iran also will grab some markets for their oil. If oil stays firm around $50 without tanking below $35 many new oil producers also will get interest on their oil fields and will produce more oil.
http://www.reuters.com/article/us-op...-idUSKCN11Z1X0
Russia aims to keep oil output around current level after OPEC deal. In the mean time grain prices are trending down further.
Currency market
http://www.investing.com/news/forex-...s.-data-429537
Dollar holds steady vs. other majors ahead of U.S. data
http://www.cnbc.com/2016/09/29/yen-s...ent-sours.html
Euro hits two-month low vs Swiss franc on Deutsche Bank jitters
http://www.nasdaq.com/article/forex-...point-cm686911
Yen holds weakness as CPI, household spending disappoint
http://www.bloomberg.com/news/articl...eral-on-trades
Cryan Defends Deutsche Bank as Some Clients Pare Back Exposure
http://www.bloomberg.com/news/articl...nton-and-trump
http://www.dallasnews.com/business/s...nging-bull-yet
Investment quarterly: Multiple market worries aren't bringing the bull down yet
http://www.bloomberg.com/news/articl...-futures-mixed
Dollar Climbs on Fed Bets as Australian Bonds Sink; Oil Retreats