|Bid||139.201 x 20000|
|Ask||139.741 x 20000|
|Day's range||136.744 - 136.744|
|52-week range||101.242 - 140.543|
|PE ratio (TTM)||15.93|
|Forward dividend & yield||1.44 (1.28%)|
|1y target est||N/A|
High inflation in Turkey and a surge in foreign borrowing by its banks could plunge the country into crisis as soon as next year, according to asset manager GAM, which has cleared its portfolio of all positions in Turkish assets. Paul McNamara, an investment director at the firm which manages 184 billion Swiss francs ($186 billion) globally, said Turkey was an exception to a broad trend of shrinking balance of payments deficits and rising foreign exchange reserves across emerging markets.
As the data and analytics company automates a growing number of manual business operations, it is having to rethink many of its processes, says CIO Krishna Nathan.
Euro zone investments have turned in one of their best years since the single currency was born in 1999, confounding many who had bet on the bloc to be the disaster play of 2017. Euro zone "break up" trades as a top investment play for 2017 hardly seemed outlandish a year ago. Brexit, fears of contagion from the near-collapse of Italy's oldest bank, and anxiety about a surge in populist anti-euro sentiment in a year packed with elections turned investors decidedly negative on the bloc's prospects.
Under Armour shares plunged after the company announced a 57.7 percent drop in third-quarter profits, driven by lower sales in North America. The decline prompted the firm to cut its earnings outlook for ...
Federal Reserve Chair Janet Yellen is presiding over a two-day monetary policy meeting as US President Donald Trump is prepares to announce his choice to lead the Fed on Thursday, reportedly favoring Fed ...
LONDON, Oct (Shenzhen: 000069.SZ - news) 30 (Reuters) - Borrowing costs in southern Europe tumbled on Monday after an opinion poll suggested separatists in Spain's Catalonia region may lose a December election and Italy received its first rating upgrade from Standard & Poor's in at least three decades. The poll, which showed a small lead for parties opposing a split of Catalonia from Spain, was the first since Madrid called the Dec (Shanghai: 600875.SS - news) .
Spain's gross domestic product (GDP) expanded by 0.8 percent in the period from July to September, the national statistics institute INE calculated in a preliminary estimate
The New York-based company said it had profit of $1.61 per share. Earnings, adjusted for non-recurring costs, were $1.71 per share. The results surpassed Wall Street expectations. The average estimate ...
S&P Global (SPGI) is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat.
The uncertainty surrounding Brexit talks is largely factored in to the UK's credit rating, S&P Global said on Wednesday, but it had worries about the country's economic prospects. "We really have ...
Yields, which move inversely to prices, fell broadly to reverse a sharp sell-off on Thursday that was prompted by U.S. President Donald Trump's tax cut plan. Expectations of a fiscal boost in the United States were countered by underwhelming price growth in the euro area, which at 1.5 percent year-on-year is still well below the European Central Bank's near 2 percent target. This may complicate the ECB's plans to reduce monetary stimulus, a move likely to be announced at its next meeting on Oct (Shenzhen: 000069.SZ - news) .
Investors headed back towards euro zone bonds on Friday after lower-than-expected German inflation led many to speculate that the corresponding figure for the bloc as a whole, due out today, will also disappoint. Euro zone bond yields fell on Friday, reversing a sharp sell-off on Thursday inspired by U.S. President Donald Trump's tax cut plan, which saw many investors shed the world's best-rated bonds. "Which is why euro zone inflation will be important.
Spain heads into an uncertain weekend with police expected to start sealing off schools and other buildings that could be used as polling stations for Catalonia's illegal independence referendum set for Sunday. Euro zone CPI data on Friday could provide an additional catalyst.
Credit rating agencies, which have their main European offices in London, may have to move significant numbers of staff to other parts of the European Union in time for Brexit, the EU's markets watchdog said on Thursday. ESMA, the European Securities and Markets Authority, recently asked S&P Global (Frankfurt: 851710 - news) , Moody's, Fitch and other rating firms for contingency plans if Britain leaves the EU single market when it quits the bloc in early 2019. Steven Maijoor, head of Paris-based ESMA, told the Reuters Financial Regulation Summit that it would publish its guidelines from the consultation by the end of the year, but that it was likely to require the firms to move staff.
The U.S. Treasury yield curve flattened to a two-and-a-half month low and world stock markets fell on Thursday as investors adjusted to indications from the U.S. Federal Reserve that it may raise interest rates a third time this year. Lingering worries over North Korea added to the weaker tone in U.S. stocks, with U.S. President Donald Trump ordering new sanctions.
The U.S. Treasury yield curve flattened to a two-and-a-half month low and key world stock markets fell on Thursday, as investors assessed indications from the U.S. Federal Reserve that it may raise interest rates a third time this year. The Fed, as expected, also laid out plans to begin the unwinding of a decade of aggressive monetary stimulus, but took a more hawkish than expected stance at this week's meeting. "The meeting was definitely more hawkish than what the market was anticipating," said Mary Ann Hurley, vice president in fixed income trading at D.A. Davidson in Seattle.
Signals the Federal Reserve will hike U.S. interest rates again this year and begin the 'Great Unwinding' of a decade of aggressive stimulus, drove the dollar to a two-month high versus the yen on Thursday and sent bonds and commodities lower. Traders reacted predictably to what had been a heavily-flagged move from the Fed, which was then followed just as unsurprisingly in Asia as the Bank of Japan kept its monetary spigots open at full. Along with the dollar bulls, European bank stocks cheered the prospect of higher interest rates which should help their profits.
The gap (Frankfurt: 863533 - news) between Portuguese and Italian 10-year government bond yields narrowed on Tuesday to levels not seen since the start of the euro zone debt crisis of 2010-2012, showing how much investor sentiment towards Portugal has improved this year. As one (Other OTC: IUSDF - news) of the only junk-rated euro zone countries, Portugal has traditionally had much higher borrowing costs than its larger and better-rated southern European peers.
Record (LSE: REC.L - news) -high world stocks braked and the dollar dipped on Tuesday ahead of a two-day meeting of the Federal Reserve after which it is expected to detail plans to shrink its balance sheet and gradually keep lifting U.S. interest rates. Tokyo's Nikkei had surged 2 percent overnight having been closed on Monday when Wall Street and MSCI (Frankfurt: 3HM.F - news) 's 47-country All World index hit fresh all-time peaks, but elsewhere bourses seemed ready for a breather. London, Frankfurt and Paris fluttered between flat to slightly lower after days of gains in the previous nine as the traditional pre-Fed caution took hold.
Unfazed by another North Korean missile launch, emerging market equities were set to end the week up almost 1 percent on Friday, taking their cue from developed markets. MSCI's benchmark emerging stocks ...
Yesterday's Bank of England meeting focused minds on the prospect of its first interest rate hike in a decade, with some betting it could now come as early as its next meeting on Nov. 2. Today we hear Gertjan Vlieghe, the British-Belgian economist seen as one of the most dovish of the bank's policymakers, at a conference in London. Euro zone finance ministers gather in the Estonian capital Tallinn to hold what in EU parlance are known as "informal talks" (ie. no formal decisions are expected) on the euro zone economy and Greece, whose latest bailout ends in the middle of next year, by which time the country is to return to full market financing.
Among the features of yesterday's press conference by European Central Bank chief Mario Draghi were repeated questions by German journalists about the negative side-effects of the bank's stimulus programme, which it is now clear the ECB wants to wind down as gradually as it can. Draghi was adamant he saw absolutely no evidence of any such harm, but now the head of Germany's foremost economic institute, Ifo, is warning of a return to the euro crisis if the ECB does not change course soon. The debate is likely to develop today with a host of ECBers, including the Bundesbank's Jens Weidmann, scheduled to speak.
Nearly three-quarter of economists polled by Reuters now expect the European Central Bank to wait until October to announce a long-awaited reduction in its stimulus programme, according to a survey out ...