Market News

Wells Fargo has at least found a new Chief Executive Officer. Wells Fargo has named Charles Scharf, Bank of New York Mellon’s chairman and CEO, as its president and CEO. Scharf began his career in finance as a mentee of Jamie Dimon, following him all the way from serving as his personal assistant at Commercial...

It wasn't just this week about bad information from german economy. It is getting worse and worse despite of more and more stimulus from ECB (QE and rate cut). If this could work or not we will see another quartal. But now, the numbers are bad, but no-one cares because stimulus are on the way......

According to the Sun, DRONE attacks on the world's largest oil plant in Saudi Arabia has sent oil prices rocketing by 15 per cent — the one of the biggest jump ever.Experts claim the attacks are the "equivalent of 9/11" to the global oil industry, with Brit motorists hammered at the petrol pump with an...

At today’s meeting the Governing Council of the ECB took the following monetary policy decisions: The interest rate on the deposit facility will be decreased by 10 basis points to -0.50%. The interest rate on the main refinancing operations and the rate on the marginal lending facility will remain unchanged at their current levels of...

According to Zerohedge, China's foreign exchange reserves jumped to $3.1072 trillion despite the falling yuan and escalating trade war with the US, while raising its gold holdings by nearly 2.89 million troy ounces (99 tons) in nine months. That's nearly five percent more since the end of last year. As Bloomberg reports, that buying spree...