Author Archives: Trading Advantage

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Mas to suspend campaigning for Catalan independence vote: Pais

Four traders from BGC Partners Inc., the New York-based brokerage headed by Howard Lutnick and part-owned by his Cantor Fitzgerald LP, turned up at Hong Kong’s pro-democracy protests last night to grill more than 2,000 sausages for the hungry demonstrators. Tonight they plan to return with more…

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Traders Turn Up Grilling Sausages at Hong Kong Protests

Ahead of the ECB’s meeting on Thursday where details of the ABS/covered bond purchase scheme are expected to be delivered, the market is particularly sensitive to developments that could spur a strong policy response. Today’s preliminary September CPI figures were seized upon to drive the euro to…

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Disappointing Euro Area and Japanese Data Underpin Greenback

The outcome of the next general election risks leaving Britain looking more like it did in the early 1970s than it does today. As Prime Minister David Cameron’s Conservatives meet for their last convention before the May 7 election, pollsters are forecasting no clear majority for either main par…

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U.K. Risks Return to 1974 as Splintered Politics Hurts Stability

China remains mum amid Hong Kong’s worst uprising in decades, but as pro-democracy protesters prepare for the long haul, speculation over how mainland authorities will tackle the issue is mounting. Although the risk of international criticism would likely deter China from intervening with force…

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Hong Kong protests: What are China’s options?

The biggest scramble for dollars and sharpest rise in currency volatility for years were the hallmarks of financial markets in the third quarter, developments which have intensified worries that the final three months of the year might be equally bumpy. The dollar’s 7-percent surge was its bigge…

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Strong dollar, rising volatility mark Q3 markets. Same again in Q4?

Euro-area inflation slowed in September, challenging European Central Bank officials gathering this week to decide if more measures are needed to avert deflation. Consumer prices rose an annual 0.3 percent, the European Union’s statistics office in Luxembourg said today. That’s in line with the …

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Euro-Region Inflation Slows as ECB Prepares for Policy Meeting

•In Q2 2014, GFCF was estimated to have increased by £0.9 billion (1.3%) since the previous quarter, to £72.5 billion. This takes GFCF to its highest level since Q2 2008. •GFCF increased by 9.1% compared with the same quarter a year ago. This is the highest annual increase since Q1 2003. •GFCF in…

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UK Business Investment, Q2 2014 Revised Results

Britain’s economy is bigger than previously estimated and stood at 2.7 percent above its pre-crisis peak at end of the second quarter, according to new official figures on Tuesday. The data from the Office for National Statistics, which reflect new methods of calculating gross domestic product (G…

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UK economy grows strongly in Q2

•The United Kingdom’s (UK) current account deficit was £23.1 billion in Quarter 2 2014, up from a revised deficit of £20.5 billion in Quarter 1 2014. The deficit in Quarter 2 2014 equated to 5.2% of GDP at current market prices, up from 4.7% in Quarter 1 2014. …

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UK Balance of Payments, Q2 2014

•UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.9% between Q1 2014 and Q2 2014, revised up 0.1 percentage points from the second estimate of GDP published on 15 August 2014. …

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UK Quarterly National Accounts, Q2 2014

German unemployment unexpectedly rose for a second month as tension with Russia and a faltering euro-area recovery worsened the outlook for Europe’s largest economy. The number of people out of work climbed a seasonally adjusted 12,000 to 2.92 million in September, the Nuremberg-based Federal La…

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German Unemployment Unexpectedly Rises as Economic Risks Climb

The 2014 Forbes 400, an annual ranking of the 400 wealthiest Americans, launched Monday. One thing’s certain: The rich keep getting richer. Mark Zuckerberg, the 30-year-old cofounder and CEO of Facebook, became the 11th richest person in the U.S., with a net worth of $34 billion. The Zuck also sc…

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Mark Zuckerberg Made More Money Than Any Other American This Year

Weak industrial production data from Japan today raises concern that the world’s third-largest economy may be back in recession, challenging Prime Minister Shinzo Abe’s growth strategy. Output — a key component of the Coincident Index (JNCICCOI) that’s used by the Cabinet Office to determine pe…

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Oops Japan Did It Again? Sales-Tax Spurs Recession Debate

The KOF Economic Barometer decreased by half a point in September 2014. With a reading of 99.1 (from a revised 99.6 in the previous month) it stays for the third month in a row slightly below its long-term average. Regardless the Barometer’s decrease, with a reading close to its long-run average,…

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Swiss KOF Economic Barometer: Small Decrease

The KOF Economic Barometer decreased by half a point in September 2014. With a reading of 99.1 (from a revised 99.6 in the previous month) it stays for the third month in a row slightly below its long-term average. Regardless the Barometer’s decrease, with a reading close to its long-run average,…

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Swiss KOF Economic Barometer: Small Decrease

In August 2014, households expenditure on goods increased by 0.7% in volume*, after a 0.7% decrease in July. The decline of consumption of food products mainly contributed to the overall decrease in July. The raise in August was mainly attributable to a rebound in the consumption of food products,…

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French Households consumption of goods in August was at its level of June

In August 2014, households expenditure on goods increased by 0.7% in volume*, after a 0.7% decrease in July. The decline of consumption of food products mainly contributed to the overall decrease in July. The raise in August was mainly attributable to a rebound in the consumption of food products,…

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French Households consumption of goods in August was at its level of June

The European Central Bank’s (ECB) monetary policy decision will be the center of attention for the markets this week, with the Governing Council set to meet in Naples, Italy on Thursday. With the latest macroeconomic reports showing a slowing performance of some of the euro zone’s strongest…

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Euro Zone Inflation Likely to Stay at Low Point in September

The European Central Bank’s (ECB) monetary policy decision will be the center of attention for the markets this week, with the Governing Council set to meet in Naples, Italy on Thursday. With the latest macroeconomic reports showing a slowing performance of some of the euro zone’s strongest…

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Euro Zone Inflation Likely to Stay at Low Point in September