News 

Exclusive: KKR wins auction for Unilever’s spreads business – sources

“(Reuters) – Private equity firm KKR is in exclusive talks to buy Unilever’s margarine and spreads business, people familiar with the matter said on Friday, in a deal expected to top $7 billion” reports businessinsider.com. KKR prevailed in an auction for the business and could finalize a deal as early as this month, the sources said, asking not to be identified because the discussions are confidential. Source: businessinsider.com Share This:

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FXCM Releases Spreads, Slippage Metrics for Q3 2017‎

“During non-peak hours, average spreads on the three major pairs were doubled as shown below: For the GER30, one of the most widely traded instruments in Europe, the company averaged 0.89 during the most active trading hours” reports financemagnates.com. According to figures stated in the report, the average spreads on the EUR/USD, USD/JPY, GBP/USD and AUD/USD currency pairs were 0.2, 0.2, 0.3 and 0.3 pips respectively at peak trading hours. Source: financemagnates.com Share This:

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Crypto News 

Bitcoin Price Frenzy: GDAX Goes Down After Price Clips $19,000

“Immediately after reaching $19,000, the bitcoin price began to plunge, and by 11:55 it had careened down to $15,100” writes unknown author for cryptocoinsnews.com. ET — the end of the surge — the bitcoin price had reached $19,697 and was threatening to crack $20,000.Spreads between bitcoin exchanges are expected, but this is undoubtedly the largest percentage BTC/USD spread that bitcoin has seen in recent memory.This ascent left many people puzzled because it was not replicated on other prominent bitcoin exchanges.At the time of writing, bitcoin was trading at $16,889 on…

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As Chinese credit spreads widen, worries mount

“As a result, corporate bonds have suffered their worst month in two years” reports forexlive.com. Bloomberg spoke with a Chinese fixed-income fund manager who has returned 15% this year and he says spreads will continue to widen. “There is a high probability that credit spreads will widen next year given that there hasn’t been any improvement in the tight liquidity,” said Zhang Qinghua, general manager of fixed-income fund investment at E Fund Management Co. Source: forexlive.com Share This:

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As Black Friday spreads globally, a push against it emerges

“The Latest on Black Friday (all times local): As Black Friday spreads globally, in France an anti-Black Friday movement has emerged among e-commerce sites that oppose consumerism” reports foxbusiness.com. Amazon’s deals on its gadgets were similar to its Black Friday ones, such as 40 percent off its voice-activated Echo Dot.Stores are hoping deals and excitement bring shoppers to stores and to their sites for Black Friday, one of the biggest shopping days of the year. Source: foxbusiness.com Share This:

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News Oil 

Oil hovers near highest levels since 2015 as supply data spreads cheer

“Read: OPEC oil ministers will face this dilemma when they meet to extend production cuts” writes Markets Reporter for marketwatch.com. Growing crude production in the U.S. has been a key worry in the industry.U.S. oil prices jumped on Wednesday after the Energy Information Administration reported crude stockpiles fell by 1.9 million barrels for the week ended Nov. 17.Oil prices inched lower on Thursday, but still remained near their highest level in two-and-a-half years, a level reached after a report showed a fall in U.S. stockpiles. Source: marketwatch.com Share This:

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As Harvey Weinstein scandal spreads, talent agencies and guilds face tough questions

“Several actresses have publicly called out the talent agencies for a lack of support” writes David Ng for latimes.com. But traditionally, it has been up to individual agencies to formulate their own policies regarding sexual harassment, said Karen Stuart, head of the Assn. of Talent Agencies, a trade group.William Morris Endeavor began reviewing its sexual harassment policies after the harassment scandals at Fox News last year, according to one person close to the agency. Source: latimes.com Share This:

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NFL picks against the spread 2017, Week 7: Rise of the underdogs

“Heavily favored teams mean big spreads, which was something we saw a lot of last week, the week before that and the week before that” writes Oct Edt for sbnation.com. But this is the same Washington team that failed to cover an 11-point spread against the winless 49ers last week.Of the 14 games this week left to play, six of them have 3-point spreads.Washington is an impressive 6-1 against the spread in its last seven games against Philly.Instead we’ve got the schizophrenic Steelers, the Patriots without a defense, a Cowboys…

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Markets News Stocks 

High Quality Corporate Bond Spreads Fall to Lowest in Decade

“Investors continue to shovel money into corporate bonds, squeezing the yield earned over Treasury bonds to fresh multi-year lows” writes Chris Dieterich for wsj.com. The voracious buying of corporate bond funds has coincided with the latest risk-on rally for U.S. stocks, as investors judge the U.S. economy to be sturdy and corporate health to be sound. Source: wsj.com Share This:

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