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Wayne Ellis

Oil Declines on Iran Deal

Not everyone was happy to see Iran sign the nuclear non-growth treaty placed in front of it yesterday. Oil and gold investors, in particular, suffered because of the deal.

[Nuclear test in the Dominican Republic]

Nuclear Deal Sends Stocks Higher

Iran’s agreement to sign a nuclear, non-proliferation treaty with six of the world’s current nuclear powers put a smile on the face of Mr. Market, sending shares higher in early trading in Asia, Europe and the United States.

Barclays: European Shares to Double in Five Years

The venerable Barclays Bank of England published a report claiming that European shares are “significantly underpriced” and could double within five years. In addition, the bank’s announcement claimed that shares could rise as much as 27 percent in 2014 alone, as they appear cheap relative to history.

One of China’s ‘Shadow-Banking’ Practices to End in 2014

Starting in 2014, Chinese banks will be required by the China Banking Regulatory Commission (CBRC) to disclose holdings within their wealth management programs (WMPs).

Futures Shrug after Dow Jones Average Hits All-Time High

You’d never know from the scant movement of this morning’s U.S. stock-index futures that the Dow Jones Industrial Average (DJIA) closed above 16,000 for the first time yesterday to set an all-time high. But as equities remain little changed from the previous session, the futures markets may be acting with disdain towards this new high.

FBI’s Currency Probe Enters Germany

Agents from the United States’ Federal Bureau of Investigation interviewed Deutsche Bank (AG) trader Robert Wallden yesterday as part of the agency’s probe into currency market manipulation. During the interview, Wallden was shown snippets of electronic communications where he indicated that he thought he could move currency market prices.