On Thursday, Barclays announced better-than-expected third-quarter profits, following in the footsteps of its Wall Street peers and benefiting significantly from its investment banking sector. The British bank recorded a profit before tax of 2 billion pounds in the July-September period, above analysts’ expectations of 1.6 billion pounds and more than doubling the 1.1 billion pounds …
Barclays Profits Boosted From Investment Banking Read More »
Today in European markets major stock index moved higher, with gains in mining and technology stocks offsetting losses at Ericsson, which reported a setback from global supply chain issues. Utilities (.SX6P), Miners (.SXPP), and technology stocks (.SX8P) led the morning gains on the pan-European STOXX 600 (.STOXX). The gain in leading Asian indices was also …
European Markets Gain Ground As Tech And Mining Sectors Outweigh Ericsson’s Losses Read More »
Higher inflation forecasts and higher bond yields increased the dollar’s attractiveness against its peers on Monday, with the New Zealand dollar breaking the trend thanks to excellent statistics. On Monday, US Treasury yields firmed, continuing a recent trend that saw five-year bond yields rise to their highest levels since February 2020 as investors increased their …
On Higher Yields, The Dollar Outperforms Its Peers Read More »
Property stocks in China slumped today as Beijing pressed ahead with plans for a property tax and new evidence of real estate market weakness emerged. However, the central bank’s efforts to assuage worries over China Evergrande Group’s (3333.HK) debt troubles, as well as Chinese developer Kaisa Group’s (1638.HK) coupon payment for a dollar bond, helping to …
Goldman Sachs Group Inc (GS.N) outshone the superlatives on Friday, reporting third-quarter revenues and profits that exceeded expectations across the board. Goldman Sachs Group Inc. reported a surprising increase in trading revenue, capping off a strong quarter for Wall Street’s major banks. The bank earned $5.28 billion, rising from $3.23 billion one year ago, capping …
In The Firm’s Best Year So Far, Goldman Sachs Traders Achieve An Unexpected Profit Jump Read More »
