Deutsche Bank

Steve 'Big Short' Eisman: Smart, Lucky, Abrasive (& Now One Of Them)

"In the movie he was portrayed as the moral compass. After hearing his praise for the awesome job Paulson did by saving the criminal Wall Street banks with taxpayer money, I think the justice and righteousness stuff is overdone. Earlier in his talk he said banks existed to “fuck you” – his exact words. Then later he says we had to save them or the world would have ended."

Row Breaks Out At G-20 Over Future Of Global Trade

A row appears to have broken out during today's G-20 meeting in Baden Baden, Germany - the first for the Trump administration - where the dominant topic is trade, and specifically how the "globalization vs protectionism" debate will look in a world where Donald Trump is president of the world's biggest economy.

Albert Edwards: This Is The Reason Why The Market Doesn't Believe The Fed Any More

"One reason why the market doesn't believe the Fed dots is that investors cannot conceive of Fed tightening to the point that it causes the stockmarket any serious damage. Time and time again over both this and previous cycles the Fed has backed off rate hikes as soon as the going got tough. Maybe that is why the S&P trades at such a huge PE premium to the rest of the world."

Global Stocks Rise, S&P Futs Flat As Dollar Rebounds Ahead Of Critical Week For Markets

European bourses advance and Asian share rose led by a surge in Hong Kong stocks which rose the most in three months as Japan hit 15 month highs. U.S. futures are little changed along while the dollar rebounded from session lows after Friday's selloff. Crude oil has continued its retreat, down 0.2% and sliding for a 6th straight day after breifly dropping below $48 in overnight trading.

'Dovish' Draghi Explains Why 'Good' European News Won't Stop Him - ECB Press Conference Live Feed

Leaving rates unchanged (no surprise) and maintaining his dovish forward guidance, Mario Draghi has a tough job this morning to paint a picture of a European economy with "downside risks" which means he has to keep buying everything while every asset-gatherer in the world is crowing of Europe's comeback (rising growth, surging inflation, falling unemployment). We are sure the ex-Goldman partner will find a way to justify "lower for longer."

ECB Preview: Don't Expect Fireworks Yet

Little is expected from the rate decision itself at 1245GMT with analysts firmly expecting the central bank to stand pat on rates. With regards to the press conference, any indications that the ECB are taking a more neutral stance or that the ECB are beginning to think about curtailing existing policy given recent economic development, is likely to be seen as a hawkish factor for European assets.

Futures Decline, Europe Slumps After German Industrial Orders Collapse

After a turbulent overnight session on Monday morning, this morning traders settle at their desks to find a relatively calmer environment, with US equity futures down 0.2% to 2,371.75, while European stocks fell for a third consecutive day, and Asian markets which closed mixed (China up, Nikkei down, MXAP up 0.2%).

Frontrunning: March 6

  • Geopolitics, Deutsche Bank drag global stocks lower (Reuters)
  • Deutsche Bank Turnaround Plan Gets Mixed Reaction (BBG)
  • Conservative Groups Jeopardize GOP Plan to Repeal Health Law (WSJ)
  • Russian Hackers Seek Hush Money From Liberal U.S. Groups (BBG)
  • Automakers Near a Victory on Rollback of Fuel Standards (NYT)
  • Brought Down by Long Bust, Texas Oilmen Pray for Another Boom (WSJ)

Why Deutsche Bank Is Sliding After Its Massive Equity Offering: Wall Street Analysts Chime In

Despite its widely telegraphed $8.5 billion public offering with another $2 billion expected to be raised from asset sales, Germany's biggest lender is down sharply this morning as much as 6.9% (currently 6.1% lower) as Wall Street analysts dig through the details of the bank's latest massive restructuring. Here are some of the early, and quite skeptical, sellside reactions.