LONDON, Jan 16 (Reuters) – The Swiss franc shock reverberated through currency trading firms around the world on Friday, wiping out many small-scale investors and the brokerages that cater to them and forcing regulators to take a closer look at the sector.
Economist Tom Lawler sent me the preliminary table below of short sales, foreclosures and cash buyers for a few selected cities in December.On distressed: Total “distressed” share is down in most of these markets mostly due to a decline in short sales. Short sales are down in these areas (except Sacramento)…
PARIS, Jan 16 (Reuters) – Swiss stocks fell 6 percent on Friday, extending a sell-off sparked by the Swiss National Bank’s surprise decision to remove a ceiling on the Swiss franc that sent the currency soaring.
Global currency markets are roiling in the aftermath of Thursday’s surprise decision by Switzerland’s central bank to end a 3-year policy that limited the franc from appreciating too much against the euro. The move sent the franc soaring, triggering hundreds of millions of dollars of losses at banks including Barclays and Deutsche Bank, and bankrupted several currency brokers overnight…
Over the past year the world of finance has had its eye fixed on Chinese GDP, watching its slide and the Communist Party’s commitment to it. The party is calling this slow down a “new normal,” and what the party says goes. Here’s the thing though: While attention has been fixed on the slow down it seems the world has taken its eye off one of the most important figures in China — total social financing (TSF)…
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