Markets News 

Power Worth Less Than Zero Spreads as Green Energy Floods the Grid

“The result: power prices are slipping to zero or even below more often in more jurisdictions” writes Jesper Starn for bloomberg.com. Bright and breezy days are becoming a deeper nightmare for utilities struggling to earn a return on traditional power plants.A negative price is essentially a market signal telling utilities to shut down certain power plants. Source: bloomberg.com Share This:

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News 

Unilever’s profit dips amid Brazilian truck strike and currency fluctuations

“The Anglo-Dutch maker of Ben & Jerry’s ice cream, Dove soap and Hellmann’s mayonnaise said underlying sales rose 1.9 percent, excluding the recently divested spreads business” writes Marco De Swart for cnbc.com. On that basis, analysts on average were expecting growth of 2.3 percent. “What you see behind these results is actually a strengthening again of the volume component which for us is the most important,” Unilever CEO Paul Polman told CNBC’s Willem Marx on Thursday. “When we had a lot of pricing (power), analysts were worried about us not…

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Markets News 

CITI: A ‘full-on global bear market’ is coming — here’s where to put your money until it arrives

“That phase, the team says, is characterized by “a full-on global bear market, usually associated with a US recession.”” writes Will Martin for businessinsider.com. “A flat or downward sloping US curve has been a good predictor of previous recessions, EPS collapse and global equity bear market.Markets may be only a few months away from entering a “full-on bear market” if historical precedents are recreated, a note released by analysts at Citi this week suggests.Investors should remain vigilant of signs that the bear market is approaching while managing their portfolios, Citi…

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Crypto News 

A small startup is developing a tool to make money from ‘insane’ cryptocurrency spreads — and hedge funds are interested

“Toby Allen, a partner at Chicago-based Akuna Capital, told Business Insider last December: “There is sometimes 10% exchange arbitrage” writes Oscar Williams-grut for businessinsider.com. Arbitraj LLC has built a tool to allow people to compare price spreads of cryptocurrency exchanges and is working on a trading tool to take advantage of them.”There are very big spreads just between US-based and non-Korean exchanges,” Flack said. “5% spread is massive in any other industry.”It works right now, basically we’re just adding more exchanges,” Flack said.For currencies, stocks, and other mainstream assets, even…

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GBP News 

World’s first global vaccine for Lyme disease developed as disease spreads across Britain

“The first vaccine that could stop people catching Lyme disease in the UK has been developed as the tick-borne illness spreads across Britain” writes Janet Daley for telegraph.co.uk. A drugs company is on course to develop the first global vaccine against the disease, which could be up to 96 per cent effective and would be available on the NHS for adults and children as young as two. Drug company Valneva has successfully completed the first human clinical trials of the vaccine, which concluded that it was safe and effective in…

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News 

Ebola spreads to large city in Congo

“The Ebola virus has spread to a large city in the Democratic Republic of the Congo, a development the World Health Organization is calling “concerning” and a “game changer” that will make public health efforts more challenging” writes Ap Photo John for washingtonexaminer.com. Peter Salama, WHO’s deputy director, on Twitter called the spread a “game changer” in the outbreak.The virus has spread to Mbandaka, a city with more than 1.2 million residents. Source: washingtonexaminer.com Share This:

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News 

Congo’s new Ebola outbreak spreads to a city

“Those exposed to the suspected Ebola cases will for the first time in Congo receive Ebola vaccinations, the health minister said” writes Carley Petesch for sun-sentinel.com. Congo’s latest Ebola outbreak has spread to a city of more than 1 million people, a worrying shift as the deadly virus risks traveling more easily in densely populated areas.It involves vaccinating contacts of cases and suspected cases, contacts of those contacts and health care and other front-line workers. Source: sun-sentinel.com Share This:

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Markets News Regulators 

US/German bond yield spreads last hit these levels almost 30 years ago

“The spread between the 2-year yield on U.S. and German bonds has hit its widest level since March 1989” writes Andrew Harrer for cnbc.com. Robust data in the United States has pushed yields higher as investors bet that the Federal Reserve will stay the course to raise rates three times this year.Travis Spence, EMEA Head of Fixed Income Investment Specialists at JPMorgan Asset Management goes further, saying he expect’s the Fed to increase 4 times this year.After the Fed already approved a one-quarter point-hike in March, the market is now…

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Markets News 

Why one barometer of market stress has ignored rising volatility, geopolitical tensions

“Some market participants blame loose monetary policy for undermining credit spreads as a useful barometer for the end of the economic cycle” writes Sunny Oh for marketwatch.com. They’re telling us that we’re heading into the late-cycle” said Jody Lurie, a corporate credit analyst for Janney Montgomery Scott.But the muted reaction in high-yield spreads could simply reflect confidence the economic expansion has further to run, keeping default rates low.She said increased access to the junk-bond market with the advent of high-yield bond exchange-traded funds may have skewed its reliability as a…

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Futures Markets News Platforms 

Bringing futures into the hands of retail traders. Is Chicago within the reach of the retail set? – Op Ed

“The platform executes spreads of multiproduct, customized, relative value spread relationships at the limit price of the spread level, and does not leg the spreads” reports financefeeds.com. With new retail-focused initiatives from exchange technology companies and their associated platform providers, the evolution may well go beyond the ubiquitous platform of choice among retail customers.Its origins as a closed system with fixed spreads which was connected to an internal dealing room became completely obsolete very quickly.As retail traders began to become more sophisticated and gain a much fuller understanding of the…

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