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  • Editor’s Picks / 2 hours ago

    Blaming bankers is a 'grotesque political lie'

    The Telegraph
    As the UK election date draws ever closer, the combatants are engaging in a round of banker bashing to demonstrate to the voting public who would hit the sector hardest if elected. The Telegraph's Andrew Critchlow bemoans this lowest common-denominator approach to vote winning and labels the blame apportioned to bankers for the financial crisis as a "grotesque political lie." Critchlow says the banking sector has been one of Britain's biggest success stories of the post-war period and if anyone deserves the blame for the crisis that struck so many families so hard at the end of the last decade, then look no further than the governing party of the time, the Labour Party.
    Read article on The Telegraph
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  • Article / 2 hours ago

    Daily Shot: Death by a thousand cuts?

    TradingFloor.com Team / Saxo Bank
    Denmark
    China has cut its benchmark interest rate for the second time this year as low growth and deflationary pressures hit the economy. The US, on the other hand, appears to be growing closer to a rate hike, but any timing errors from the Fed could put a real damper on equity markets.
    Read the article
  • Article / 5 hours ago

    Australian Market Wrap: Strong start to month but Woolworths punished

    Trading Desk / Saxo Capital Markets
    Australia
    Australian Market Wrap: Strong start to month but Woolworths punished
    The first day of the month was strong with the S&P/ASX200 posting a 30-point gain to finish at 5958. Resources and goldminers were the strongest, rallying on the news of China's rate cut and PMI number. However, consumer staples reined in the strength following Woolworths ongoing punishment. There is support for AUDUSD at 0.7745, which will be tested over the Europe and US sessions.
    Read the article
  • Calendar event / 5 hours ago

    FI GDP

    forecast
    actual
    Low GDP (Adj.), Y/Y
    -0.2%