Markets News 

In topsy-turvy Italian markets, sovereign debt now seen as riskier than corporate bonds

“In other words, investors appear to view Italian corporate bonds as less risky than their government peers” writes Sunny Oh for marketwatch.com. But Barnaby says a situation where Italy’s corporate bonds are priced as less risky than government paper is unlikely to last.He blames the ramp-up of the European Central Bank’s corporate bond buying program for creating this unusual state of affairs.While corporate credit richness versus government debt can persist, we learned during the peripheral crisis of 2011-2012 that eventually tight credits will reprice wider versus government debt,” said Barnaby.The…

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Markets News Oil 

Iran, Poland have potential to benefit from complementary markets: envoy

“TEHRAN- Ambassador of the Republic of Poland to the Islamic Republic of Iran, Jaroslaw Marcin Domanski believes that Iran and Poland have complementary markets and strong potentials to strengthen mutual economic relations” reports tehrantimes.com. Iran oil can be easily processed in the Polish refineries and is a perfect product for us, on the one hand. Source: tehrantimes.com Share This:

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Markets News 

Italy’s Conte struggles to form team; markets tumble

“Italy’s Prime Minister-designate Giuseppe Conte labored to finalize his cabinet team on Friday as markets tumbled on fears the incoming eurosceptic government will embark on a spending spree that will undermine fragile state finances” writes Alessandra Benedetti – for cnbc.com. There was no apparent link between the fall in the markets and the delay in forming a cabinet. Source: cnbc.com Share This:

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Markets News Stocks 

European stocks rebound after North Korea’s response to canceled summit

“European stocks rebounded after two straight sessions of losses on Friday after measured comments from North Korea calmed nerves about a geopolitical crisis” writes Markets Reporter for marketwatch.com. After weeks and months of disappointing data, not only from Germany but the entire eurozone, an unchanged Ifo index is already good news. Source: marketwatch.com Share This:

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Futures Markets News Regulators Stocks 

U.S. stock futures look hemmed in as North Korea gloom offsets dovish Fed

“U.S. stock futures mostly showed little change early Thursday, as worries about North Korea appeared to offset a Federal Reserve release that was viewed as dovish” writes Markets Reporter for marketwatch.com. Nasdaq-100 futures NQM8, +0.15% showed a little more life, rising by 14 points, or 0.2%, to 6,971. Source: marketwatch.com Share This:

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Markets News 

Asia markets lower on renewed U.S.-China trade concerns

“However, the release of minutes from the Federal Reserve’s May 1-2 meeting eased market concerns that it would raise interest rates more quickly than expected” writes Midwest Communications Inc for 95kqds.com. MSCI’s broadest index of Asia-Pacific shares outside Japan was flat, while Japan’s Nikkei stock index was 0.6 percent lower.Australian shares were 0.1 percent lower, extending losses into a sixth consecutive session on weak prices for iron ore and oil.The dollar index , which tracks the greenback against a basket of six major rivals, was 0.1 percent lower at 93.894.SHANGHAI…

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Markets News 

Uber Finds Profits in Leaving Tough Overseas Markets

“As a private company, Uber is not obligated to report quarterly results” reports nytimes.com. Uber said the investment funds Coatue, Altimeter and TPG will buy up to $600 million worth of stock in Uber, valuing the company at around $62 billion. The latest offering will again allow some of Uber’s earliest investors and employees to sell shares.Abboud, Uber’s spokeswoman, said the company has been engaged in ongoing discussion with the mayor’s office and the state about restarting testing. Source: nytimes.com Share This:

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Markets News 

Goldman Sachs says computerized trading may make next ‘flash crash’ worse

“Goldman Sachs is cautioning its clients that computerized trading may exacerbate the volatility of the next big market sell-off” writes unknown author for cnbc.com. “One theory that has been proposed for why market fragility could be higher today is that because HFTs [high-frequency trading] supply liquidity without taking into account fundamental information, they are forced to withdraw liquidity during periods of market stress to avoid being adversely selected,” Charles Himmelberg, co-head of global markets research at Goldman, said in a report Tuesday.”In our view, this at least raises the risk…

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Markets News Regulators 

Five things that could move the markets in the Fed’s minutes release today

“That may not sound very exciting on the surface, but market participants will be poring through the Federal Open Market Committee meeting summary for clues about where the central bank is heading” writes Jeff Cox for cnbc.com. However, Guha said incoming committee members could take a more dovish policy view, setting up possible conflicts ahead. 5.If the minutes indicate that the neutral rate is close, the market will see that as dovish.Krishna Guha, head of global policy and central bank strategy at Evercore ISI, offers a helpful guide on what…

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Markets News 

Haven currencies rally as risk-averse traders take cover

“Emerging market currencies were weaker across the board, with the Turkish lira USDTRY, +3.9772% continuing its recent unraveling and falling to a record low against the U.S. unit” writes Markets Writer for marketwatch.com. The U.S. dollar climbed against many of its rivals early Wednesday, but lost ground versus the likes of the Japanese yen as geopolitical worries boosted traditional haven currencies.Softer-than-expected economic reports from the eurozone and U.K. also sent traders toward the buck.Versus the Swiss franc USDCHF, +0.2015%  — another haven currency — the dollar also slipped earlier in…

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