Banks' 'FICC' market trading in Q2 points to ongoing squeeze LONDON, July 30- Hopes the worst is over for big banks' financial market trading look premature, with the latest snapshot of earnings and volumes suggesting the pressure on these operations remains intense. "FICC revenues for the Coalition Index will decline in Q2 this year versus Q2 last year, and the first half versus the first half last year," said George...
| By: Jamie McGeever
Global stock markets can deliver robust returns despite FX swings -study The study-- by the Cass Business School, the Bank of England and City University Hong Kong-- used data from more than 40 stock markets, observed over 30 years. "This leaves significant returns available to investors allocating money across global stock markets when returns are measured in an investor's home currency," the Cass Business School said.
Bet on these sectors if the Fed stays put Rate hike expectations have gotten pushed further back over the past year. Here are the sectors that could lead if the Fed keeps waiting.
| By: Alex Rosenberg
Malaysian central bank grips ringgit tightly as troubles mount SINGAPORE, July 30- Protecting the ringgit from political fallout out may end up costing Malaysia more than any bailout for the debt-ridden 1 MDB state fund, given the rate at which the central bank has been using its reserves in recent weeks. On Tuesday, Prime Minister Najib Razak sacked his deputy, who had called on him to give Malaysians a better explanation of...
| By: Vidya Ranganathan
FOREX-Dollar at week's peak after Fed tiptoes towards rate move LONDON, July 30- The dollar rose to its highest level this week on Thursday after the U.S. In early trade in Europe, the euro was down more than a cent against the dollar compared with levels seen before the Fed made its monthly policy statement on Wednesday, falling back to around $1.0950, its lowest since last Friday. "The fact they weren't worried about anything else...
| By: Patrick Graham