FinSentS Weekly Recap

Weekly Review of Headlines
● G20 Draft Says Group Should Explore New Policy Options To Support Growth –Nasdaq

n the absence of strong government support and economic overhauls, “central banks are in a much more difficult position,” said Bank of England Governor Mark Carney Friday ahead of the meeting of finance ministers and central bankers in China’s financial hub. “There are returns to those strategies…but they’re much, much less powerful than a coordinated strategy.”…Read More

● Global Bond Yields Slump To New Lows –Rtrs

Feb 26 Global government borrowing costs have slumped to record lows as a combination of financial volatility, banking stress and slowing growth and inflation saw a flight to top-rated, liquid assets amid talk of ever lower interest rates…Read More

● Pound Suffers Its Biggest Decline Against The Dollar In A Year – BBG

Sterling dropped to its lowest level in almost seven years against the dollar, and weakened at least 1 percent against all its 16 major peers. The move reversed a gain made on Friday when Prime Minister David Cameron secured a deal on membership terms with EU leaders in Brussels.

● PBOC Injects CNY130 Bln Via Seven-Day Reverse Repos – MNI

A total of CNY960 billion in outstanding reverse repos matures this week including CNY390 billion Tuesday.

● BoJ’s Kuroda Blames ‘Excessive’ Risk Aversion For Market Tumult – RTRS

“Bank revenues have been rising as corporate bankruptcies fell due to a recovering economy. Bank lending has been also on the rise,” Kuroda told a parliament session. “I’m convinced that such rises in bank lending would have a positive effect on Japan’s economy,” he added.

● Base Metals Weaker, Gold Prices Firmer As Risk Off Returns – Fast Markets

Gold prices seem to have consolidated over the past week or so and are now looking better place to continue higher. Silver is still consolidating, as is platinum and to a lesser extent palladium. They all look well placed to push higher again, but we would expect they will only do so if gold leads the way. Platinum’s discount to gold is $290 and the gold/silver ratio is high at 1:80.4.

● US Treasurys Rise As Oil Concerns Remain – CNBC

Oil prices continue to contribute to volatility in both debt and equity markets. Hopes of an oil production cut were dashed on Tuesday after Saudi Arabia’s oil minister Ali bin Ibrahim Al-Naimi signaled no cuts would happen to tackle the global supply glut.

● HP Inc Says To Accelerate Job Cuts By 2016 – RTRS

Hewlett-Packard Co had said it expected to cut about 33,300 jobs over three years, of which up to 3,300 were to be cut in HP Inc. It said then that 1,200 people would leave the company by the end of 2016.

● European Stocks Open Lifted, London Traders Await Q4 GDP – WBP

Stocks in Europe opened higher on Thursday, affected by the latest set of corporate financial reports, while keeping an eye on the upcoming economic data and still monitoring oil’s price direction.

● Alibaba In Talks With Banks For Up To $4 Bln Loan – WSJ

Chinese Internet giant Alibaba Group Holding Ltd. is in discussions with banks for a loan of up to $4 billion to fund expansion plans, including acquisitions, according to people familiar with the matter.

 

Stock Information
● $FB

US Fourth Swedish National Pension Fund Has $43,511,000 Position in Facebook Inc (FB) #FACEBOOK INC #SP500 More Details

● $MSFT

US Kent Diamond, former Microsoft manager, dies at 54 #MICROSOFT CORP #SP500 More Details

● $AAPL

US Samsung wins longstanding patent feud with Apple #APPLE INC #NASDAQ More Details

● $MMM

US Regent Investment Management Sells 600 Shares of 3M Co (MMM) #3M CO #SP500 More Details

● $HSBA

LN HSBC Hedge Weekly Performance List Puts Market Environments On Display #HSBC HLDGS PLC #STOXX600 More Details

● $POWR

US PowerSecure International, Inc. (POWR) Sees Large Volume Increase #POWERSECURE INTL INC #NASDAQ More Details

● $DBS

SP Budget 2016: Limited scope for radical budget this year, says DBS #DBS GROUP HOLDINGS LTD #APEX50 More Details

● $VOW

GR Beats come to Volkswagen Up and Polo #VOLKSWAGEN AG #STOXX600 More Details

● $RBS

LN RBoSG PLC (RBS) Earns Buy Rating from Investec #Royal Bank of Scotland Group PLC #LDN100 More Details

 

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