An accredited financial and economic news service, specialising in up-to-the-second broadcast reports and headlines
up to the second audio news feed
live press conference feed
fixed income wire service
see what makes the markets move
The German political class is preparing itself to deliver bold fiscal stimulus if the economy needs it.
Lawmakers from Chancellor Angela Merkel’s Christian Democrat-led group have been among the most crucial opponents of finance ministry plans to respond to an economic hit and their stance is beginning to soften, according to two people familiar with party discussions.
Critically, the CDU caucus in the Bundestag would be ready to break its long-held commitment to a balanced budget -- the much heralded “black zero” -- if a downturn required a more powerful reaction, according to one of the people, a member of the parliamentary group. (Bloomberg – Continue Reading)
The Democratic Unionist Party is split on whether to back Boris Johnson’s proposed Brexit deal with the European Union, according to two sources familiar with the party’s internal discussions over the last 24 hours.
DUP representatives were holding another meeting in Downing Street on Wednesday morning as Johnson kept up attempts to convince them to endorse a deal. Michel Barnier, the EU's chief Brexit negotiator, told EU commissioners on Wednesday morning that a deal was still possible today, but several issues, including consent, were yet to be solved.
BuzzFeed News can reveal that there is a significant difference of opinion within the DUP over whether the party should oppose or support a deal. DUP leader Arlene Foster and her deputy Nigel Dodds met with the UK prime minister for several hours on Monday and Tuesday night, where Dodds made clear the party could not yet support Johnson’s proposals. (BuzzFeed - Continue Reading)
The S&P 500 could struggle to climb above 3,000 amid a defense by those who have sold options with strikes at or above that level.
Schaeffer’s Investment Research is watching the setup of bullish call options on the SPDR S&P 500 ETF Trust, with a focus particularly on that nearby round number. The stock benchmark briefly retook 3,000 on Tuesday before paring gains, and was up 1.1% to 2,998.07 as of 11:15 a.m. in New York. The ETF, ticker SPY, also advanced 1.1% to $299.15.
A growing number of private equity firms are taking advantage of Europe’s buoyant bond market to extract money from companies they hold by loading them with debt, prompting some investors to warn the fixed income rally is nearing its peak.
Several private equity-backed companies have issued bonds backing “dividend recapitalizations” in recent weeks — a term that refers to the contentious practice of a companies issuing debt to pay dividends to the owner.
A MAJOR split tonight opened up among Tory Eurosceptics over whether to back Boris Johnson’s Brexit deal.
While some senior members of the hardline European Research Group declared they were ready to back the PM’s new customs partnership plan for Northern Ireland, others began speaking out to blast it.
Former Cabinet minister Owen Paterson became the first senior MP to denounce the fledgling deal in public.
Our audience spans the globe, relying on us to filter out the noise to deliver accurate, reliable and timely news
Our journalists and analysts monitor all major newswires, television channels, news websites, blogs and social media platforms for content with market-moving potential. We only broadcast the most relevant news headlines that you need to know. Our analysis and insights rival any of our competitors
We broadcast 24 hours a day from Europe and Asia, Sunday through Friday (except for selected UK holidays). Commentary covers all the main asset classes, including equities, fixed income, FX and commodities