by James

Equities got hit last week, the S&P 500 fell 3% on higher oil, continuing concerns about the financial sector, and – perhaps most importantly – on negative earnings outlook. The latter is most important as it represents the most likely trigger to pull the US market down another leg. Oil put in an aggressive rally [...]

by Markus

Inhouse Industry cleaning | HedgeWorld.com BNY ConvergEx Group LLC has launched a trading desk that will provide complete coverage of all major dark liquidity pools to buy-side clients. The ConvergEx Dark Desk will include information on non-displayed liquidity and navigate the large number of available dark pools. “As the number of dark pools continues to [...]

by Gregory

This week, we nearly got struck by a massive thunderstorm. The Fed meeting? Oil breaching a new record? No, readers, we nearly avoid a EU championship final showdown Turkey vs Russia (actually, Vienna did suffer a violent electrical storm that cut the transmission of live pictures around the world three times during the second half). The [...]

by Dino

We are going to make some predictions, even about the future. But first, let’s recap today’s Fed decision. The Federal Reserve Open Market (FOMC) committee left the Fed’s target rate unchanged at 2%. It is the first time the Fed doesn’t cut rates at an FOMC meeting since the beginning of the credit crisis last [...]

by Gregory

Wall Street’s triangle of troubles — the economy, inflation and financials — drove the Dow Jones industrial average down by 3.78 percent last week. It closed below 12,000 for the first time since mid-March. The Standard & Poor’s 500 index ended the week down 3.10 percent, and the Nasdaq composite index closed 1.97 percent lower. [...]

by Markus

In the last years, globalisation led to a situation in industrialized economies, that earned income decreased as a proportion of aggregated income. A trend which made life not too smooth for consumers. But the correction seen seems to be just the beginning of a blank consumer that cannot continue the culitvated lifestyle. The idea of [...]

by Dino

The GAIM International 2008 hedge fund conference opened on Tuesday at the Grimaldi Forum in Monaco. The Melange team was a visible and vocal presence among the over 1,100 participants. The organization was good, although the food at lunch was not as abundant as last year: no doubt a consequence of the credit crunch. But [...]

by James

Oil leapt to a new high this afternoon, pushing equity futures down. The media find two causes: a fire in Norway and a weaker dollar. Neither cause stands up to much analysis. The fire started over 12hrs ago, and only impacts 90 kbpd, it does not look serious.  If this caused oil prices to spike [...]