Recent Posts

VW takes €2.2bn charge in H1 due to ‘Dieselgate’ scandal

  Bloomberg Embattled German auto giant Volkswagen said on Wednesday it booked a charge of 2.2 billion euros ($2.4 billion) in the first six months in relation to engine-rigging scandal, but its operating performance before that charge was better than expected. “The operating result for the Volkswagen group before special items is significantly higher than market expectations for the first ...

Read More »

Traders eyeing cheap German stocks bet on carmakers’ revival

  Bloomberg Germany, one of Europe’s cheapest stock markets, is starting to see a resurgence in investor interest. Months of withdrawals from exchange-traded funds tracking German stocks are beginning to reverse amid a stabilizing euro and improving prospects for the country’s exporters. The biggest ETF following the shares just had three consecutive weeks of inflows for the first time since ...

Read More »

Morgan Stanley says year of the bull will push US yield to 1%

  Bloomberg Morgan Stanley’s Matthew Hornbach called this year’s Treasury market rally. Now he’s revising his forecasts and is more bullish than just about anyone else. Ten-year U.S. yields will fall more than 50 basis points, or 0.5 percentage point, to 1 percent in the first quarter of 2017, according to Hornbach, the firm’s head of global interest-rate strategy in ...

Read More »
Send this to a friend