Deutsche Bank

Deutsche Bank To Slash Jobs Across Equity, Fixed Income Trading

Having seemingly survived their existential crisis last year, it appears the world's most systemically dangerous bank remains under pressure. Just a day after missing analysts' earnings expectations, Deutsche Bank is set to announce major job cuts across its trading businesses.

Frontrunning: February 3

  • Trump Plans to Undo Dodd-Frank, Fiduciary Rule (WSJ)
  •  CEOs to meet with Trump amid tensions (Reuters)
  • Trump’s CEO Brain Trust Meets Amid Widening Rifts (BBG)
  • Business coalition supports border tax (Reuters)
  • Nordstrom winds down relationship with Ivanka Trump brand (Reuters)

Frontrunning: February 2

  • Futures fall as Fed gives no clarity on next rate hike (Reuters)
  • Yellen Eyes Commercial Real-Estate Froth as Fed Weighs ’17 Risks (BBG)
  • Trump Slams ‘Dumb Deal’ With Ally Australia After Testy Call (BBG)
  • For Many Firms, Trump Dominates Earnings Calls (WSJ)
  • Trump’s Blue-Collar Populism Is Dividing Unions (BBG)

Dollar Slide Accelerates After Fed Fails To Boost Confidence, Pressures US Futures

European shares and S&P futures fell amid mixed earnings from corporate heavyweights, while Asian stocks were fractionally higher. The dollar slump continued against all its major peers after the Federal Reserve gave dollar bulls little to be optimistic about.  The U.S. currency dropped toward the lowest close since November after the Fed reiterated its intention on Wednesday to lift rates only gradually.

Deutsche Bank Tumbles On "Very Weak" Q4 Results, Surging Client Redemptions

After staging a remarkable recovery in its stock price since last summer's record lows, nearly doubling from its September price, Deutsche Bank shares tumbled this morning after the bank reported a net loss of €1.89 billion for the fourth quarter, which while better than the €2.12 billion loss one year ago, was a big miss to the consensus expected shortfall of €1.32 billion.

As Dollar Dives, Wall Street Reacts To The Fed

The Fed seemed to back away from its three-hikes-plan in today's FOMC statement, as FF futures and the USD signalled a more dovish stance, but Wall Street analysts remain confused...

Frontrunning: January 31

  • Trump Fires Acting Attorney General, Deepening U.S. Immigration Conflict (BBG)
  • Trump set to name U.S. high court pick as Democrats plan fight (Reuters)
  • Bonds Slump as Stocks Gain Favor (BBG)
  • Euro-Area Inflation Surges to 1.8%, Intensifying ECB Debate (BBG)
  • Trump Must Choose Between Farmers and ‘Big Meat’ (BBG)

Is Soros On The Ropes?

The world once praised Soros as some sort of benevolent 'Santa Claus', who handed out millions for 'good deeds' to one-world government proponents and other starry-eyed utopians. However, the veneer of Soros is wearing thin.

Deutsche Warns Global Economy About To Roll Over, Says "Sell"

"Global macro surprises have only been higher 5% of the time, typically roll over from these elevated levels and have shown first signs of softening. We believe global macro momentum is likely to roll over from current elevated levels. Lower macro surprises would be consistent with a tactical pull-back for equities."

EU - Not China Or Japan - Is The Biggest US Treasury Holder (And This Is Not A Good Sign)

Mainstream media are reporting that Japan has become the biggest holder of the US treasuries, surpassing China last month. However, this is true only in regard to single countries, as The EU became the top US Treasury holder in February 2016, i.e. one year ago. Unfortunately, the EU’s holdings are artificially overstated because of some financial havens and they are going in the opposite direction to the trend: up rather than down.