Investors will be hoping for strength from GOLD as it approaches its next earnings release, which is expected to be May 5, 2021.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves.
The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company’s expected earnings growth rate into account.
Parts of the bank had not fully implemented systems to keep pace with Archegos’ fast growth when Archegos bets on a collection of stocks swelled leading up to its March collapse, the report said, citing unidentified people familiar with the matter.
New York time.The Stoxx Europe 600 Index rose 0.7%.The MSCI All-Country World Index gained 0.4%.CurrenciesThe Bloomberg Dollar Spot Index decreased 0.2%.The euro was little changed at $1.2035.The Japanese yen was little changed at 108.08 per dollar.BondsThe yield on 10-year Treasuries was little changed at 1.56%.Germany’s 10-year yield was unchanged at -0.26%.Britain’s 10-year yield climbed one basis point to 0.74%.CommoditiesWest Texas Intermediate crude fell 2.6% to $61.05 a barrel.Gold gained 0.9% to $1,794.40 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
“We are taking measures that this will not reoccur, we are reducing our exposure in that business and we are doing an investigation how it exactly happened.”Prime-brokerage divisions cater specifically to hedge funds, lending them cash and securities and executing their trades, and the relationships can be vital for investment banks as well as being a significant source of revenue.Credit Suisse, one of the biggest prime brokers among European banks, has already moved to tighten financing terms with some hedge funds, and hopes changes to the unit can allow it to forgo major cuts to other parts of the investment bank, Bloomberg reported earlier.“Is it an isolated case?” Gottstein said.
Stock investors don’t like tax increases, but they tend to get over it.
“If anything, you’d park it in fixed income because the tax hike should slow investment and the economy.”After a record-breaking rally last year, gold has lost momentum amid optimism over economies reopening and vaccine rollouts, with the advancing dollar and rising bond yields denting demand for bullion.On Friday, spot gold trimmed early gains, dropping 0.7% to $1,772.08 an ounce at 10:32 a.m.
NEED TO KNOW Avid readers of this column may have had a sense of déjà vu on Thursday.
Government spending hasn’t been light in the past year, with trillions of dollars of fiscal stimulus and potentially $2 trillion more for infrastructure spending.