All Posts Tagged With: "DB"
New Natural Gas Discoveries are a Boon for the U.S. Energy Sector
After declining for 15 years, U.S. natural gas production is finally on the rise, thanks to new technological developments that make it possible to draw large amounts of gas from deposits previously thought to be unreachable. An increase in natural gas production of the magnitude many industry insiders predict could do wonders for business, the environment and even U.S. energy independence.
Stagflation Remains a Real Threat to U.S. Economy
Money Morning’s William Patalon III says comments by Ben Bernanke at the end of the week show he continues to prioritise economic growth over inflation. This means no rate hikes in the near future. But despite falling commodity prices, William says the threat of stagflation is growing…
Base Metals Show Strength
The base metals were all in positive territory on Tuesday. Copper noodled around unchanged until mid-morning, when it took off and climbed steeply, then held to finish just off its intraday high at $3.4736/lb., up nearly 10½ cents.
Is This the End of the Commodities Boom?
Is the commodities boom over?
Deutsche Bank (NYSE:DB) has told clients to get out of commodities. The bank says China is slowing, oil will return to its “marginal cost of production” - somewhere between US$60 and $80 - and gold will settle around $650.
Dan Denning in The Daily Reckoning Australia says you have to take what analysts tell you with a fistful of salt. Most of the time they’re just morons who are making it up as they go along. The case for resource has yet to be disproven…
Base Metals All Down
It was a terrible day for the base metals copper, zinc, nickel, aluminum, and lead all lost significant ground Friday. Copper fell steadily throughout the day’s trading, reaching an intraday low of $3.81/lb. Prices rallied somewhat in late trading but not enough to offset the metal’s huge early decline, closing down over 7½ cents, at $3.6358/lb.
Indian Growth Supported By New Phase of Conusmer Spending
India is entering a new phase where consumer spending is fueling growth, says Sandy Franks in Taipan Daily. In the past seven years, sales of color TVs in India have jumped 1,700%. Sales of cellphones have soared by 10,400%. The outlook for India’s looking rosy, says Sandy. Unlike other Asian countries which depend on exports for prosperity, India is supported by its domestic market…
UBS Embarks on Middle East Expansion
UBS AG (UBS) yesterday (Tuesday), announced it had obtained a license to operate in Saudi Arabia, joining a growing number of financial firms looking to recoup some of the over $400 billion in global write-downs to date by tapping into the oil-fueled wealth creation occurring in the Middle East.
Derivatives Traders Downgrade Fannie and Freddie
The world’s largest credit-rating companies say mortgage lenders Fannie Mae (FNM) and Freddie Mac (FRE) have bullet-proof Aaa credit ratings. But Bloomberg says derivatives traders are treating the discount mortgage brokers as if they are rated five levels lower.
And, ominously, the price of contracts used to speculate on the creditworthiness of Fannie Mae and Freddie Mac and to protect against a default doubled in the past two months.
What about the government’s implied guarantee of the debt held by the companies? It seems investor confidence in short supply.
Although Top Brokers Predict Record Rebound in U.S. Stocks, Dissenters Abound
Just days after a key U.S. stocks index posted its worst month since the Great Depression, three global investment banks are predicting the biggest second-half rally in more than 25 years.
European Bank Stocks Rise on Improved Outlook
After the global financial industry shed $403 billion in write-downs, European banks are finally turning a corner and boosting their share prices.
German giant Deustche Bank AG (DB) and Switzerland’s UBS AG (UBS) both declared they would not need to raise further capital yesterday (Wednesday) as the bulk of losses tied to mortgage-backed securities is now behind them.
“At first glance this is some much-needed positive news for Deutsche in particular but also for the whole sector,” Helge Rechberger, head of equity market research at Raiffeisen Zentralbank in Vienna, told Bloomberg News. He said he remains “cautious” about the financial industry.
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