US This week we have seen almost only positive data about US economy, which explained dollar strength with respect to all major currencies (EUR, GBP and YEN). Gains were relatively small against Euro and Pound. The substantial advance with respect to the Yen was mainly due to Yen’s weakness during Read more…
On May 18, Deutsche Bank has announced a plan to raise € 8bn ($ 11bn) in new capital. The increase will consist of € 6.3bn in a rights issue and a further € 1.75bn from the Qatari royal family. The capital increase will be the second largest ever launched by Read more…
When we analysed luxury stocks, we stressed that the industry has faced a downturn, probably due to a kind of sector rotation. The same phenomenon has affected European banks and utilities in the opposite way. In this article, we focus on banks, proposing some ideas on how to trade them. Read more…