(Bloomberg) - Selling soybeans at their highest prices in three decades and corn while it flirts with the 1996 peak is a money-losing trade, according to Goldman Sachs Group Inc. and Deutsche Bank AG. Corn at $4.55 a bushel is ``cheap,'' Frankfurt-based Deutsche Bank says.
Goldman Sachs in New York expects soybeans to rise 29 percent in 2008, the best investment in commodities. Investors who followed the banks' advice and bought raw materials last year profited as the Standard & Poor's GSCI Index advanced 33 percent, beating the 3.5 percent gain in the S&P 500 Index and the 9.1 percent return from U.S. Treasuries, according to data compiled by Merrill Lynch & Co.
Read more at Bloomberg
Showing posts with label Deutsche Bank. Show all posts
Showing posts with label Deutsche Bank. Show all posts
Thursday, January 3, 2008
Tuesday, July 31, 2007
German Stocks Advance; Deutsche Bank, MAN AG, DaimlerChrysler Lead Gains
(Bloomberg) -- German stocks advanced, led by
Deutsche Bank AG, MAN AG and DaimlerChrysler AG.
The benchmark DAX Index added 92.86, or 1.3 percent, to
7549.17 as of 9:10 a.m. in Frankfurt. The HDAX Index of the
country's 110 biggest companies climbed 1.3 percent.
Read more at Bloomberg Stocks News
Deutsche Bank AG, MAN AG and DaimlerChrysler AG.
The benchmark DAX Index added 92.86, or 1.3 percent, to
7549.17 as of 9:10 a.m. in Frankfurt. The HDAX Index of the
country's 110 biggest companies climbed 1.3 percent.
Read more at Bloomberg Stocks News
Australian Proposed Carbon Price Cap Threatens Plan, Deutsche Bank Says
(Bloomberg) -- Australia's proposal to set a price
cap in its carbon trading system threatens the effectiveness of
the plan to reduce emissions blamed for global warming, said
Deutsche Bank AG's global head of carbon trading research.
Prices for carbon emissions allowances probably need to be
about A$55 ($47.31) a metric ton to ensure switching to cleaner
technologies, rather than a potential A$15 should a price cap be
set, Paris-based Lewis said today in an interview in Sydney.
Fifteen Australian dollars a ton is ``way too low'' to lead to
the development of technologies such as clean-coal power, he said.
Read more at Bloomberg Commodities News
cap in its carbon trading system threatens the effectiveness of
the plan to reduce emissions blamed for global warming, said
Deutsche Bank AG's global head of carbon trading research.
Prices for carbon emissions allowances probably need to be
about A$55 ($47.31) a metric ton to ensure switching to cleaner
technologies, rather than a potential A$15 should a price cap be
set, Paris-based Lewis said today in an interview in Sydney.
Fifteen Australian dollars a ton is ``way too low'' to lead to
the development of technologies such as clean-coal power, he said.
Read more at Bloomberg Commodities News
Sunday, July 29, 2007
Credit Suisse Fees Are Likely to Fall Most as LBO Market Slows, S&P Says
(Bloomberg) -- Investment banking fees are likely to
fall or stop growing as buyout firms purchase fewer companies,
and Credit Suisse Group would probably be the most affected
Standard & Poor's said in a report published today.
Group revenue at Switzerland's second-largest bank could
fall by 3.8 percent were leveraged buyout fees to fall by half,
S&P said. Earnings at Credit Suisse and UBS AG could plunge up to
19 percent as buyouts slow, Deutsche Bank AG analyst Matt Spick
said on July 26.
Read more at Bloomberg Currencies News
fall or stop growing as buyout firms purchase fewer companies,
and Credit Suisse Group would probably be the most affected
Standard & Poor's said in a report published today.
Group revenue at Switzerland's second-largest bank could
fall by 3.8 percent were leveraged buyout fees to fall by half,
S&P said. Earnings at Credit Suisse and UBS AG could plunge up to
19 percent as buyouts slow, Deutsche Bank AG analyst Matt Spick
said on July 26.
Read more at Bloomberg Currencies News
Friday, July 27, 2007
Corporate Bond Risk Soars by Record Amount as Investors Flee Company Debt
(Bloomberg) -- The risk of owning corporate bonds
increased by the most ever in Europe and Asia on concern banks
and hedge funds face widening losses on subprime mortgages and
leveraged buyouts, according to credit-default swap traders.
A sell-off in the U.S., Asia and emerging markets extended
to Europe, where the cost to protect company debt approached the
record high in 2005 when General Motors Corp. and Ford Motor Co.
lost their investment-grade credit ratings. Deutsche Bank AG's
risk premium jumped to five times the amount on June 1.
Read more at Bloomberg Bonds News
increased by the most ever in Europe and Asia on concern banks
and hedge funds face widening losses on subprime mortgages and
leveraged buyouts, according to credit-default swap traders.
A sell-off in the U.S., Asia and emerging markets extended
to Europe, where the cost to protect company debt approached the
record high in 2005 when General Motors Corp. and Ford Motor Co.
lost their investment-grade credit ratings. Deutsche Bank AG's
risk premium jumped to five times the amount on June 1.
Read more at Bloomberg Bonds News
Monday, July 16, 2007
U.S. Stock-Index Futures Gain; Motorola, Ford Shares Advance in Europe
(Bloomberg) -- U.S. stock-index futures rose before
five members of the Standard & Poor's 500 Index, including
Charles Schwab Corp., the biggest discount brokerage, and Mattel
Inc., the world's largest toymaker, report earnings.
Motorola Inc. gained in Europe after Deutsche Bank AG
recommended buying shares of the world's second-biggest maker of
mobile phones. Ford Motor Co. also climbed. Newspapers including
the Sunday Times reported that the second-biggest U.S. automaker
may sell its profitable Volvo Car Corp. business.
Read more at Bloomberg Stocks News
five members of the Standard & Poor's 500 Index, including
Charles Schwab Corp., the biggest discount brokerage, and Mattel
Inc., the world's largest toymaker, report earnings.
Motorola Inc. gained in Europe after Deutsche Bank AG
recommended buying shares of the world's second-biggest maker of
mobile phones. Ford Motor Co. also climbed. Newspapers including
the Sunday Times reported that the second-biggest U.S. automaker
may sell its profitable Volvo Car Corp. business.
Read more at Bloomberg Stocks News
Thursday, July 5, 2007
GM, Hilton, Huntsman, JDA, Marriott, Starwood Hotels: U.S. Equity Movers
(Bloomberg) -- The following is a list of companies
whose shares are having unusual price changes on U.S. exchanges.
Stock symbols are in parentheses after company names. Share
prices are as of 9:35 a.m. in New York.
General Motors Corp. (GM US) fell $1.69, or 4.5 percent, to
$36.29. The largest U.S. automaker was cut to ``peer perform''
from ``outperform'' by Bear Stearns & Co. after GM said June U.S.
sales declined. Separately, Deutsche Bank AG cut its full-year
earnings estimate for GM to $2 a share, a 30 percent reduction,
after ``surprisingly weak'' U.S. sales in June.
Read more at Bloomberg Stocks News
whose shares are having unusual price changes on U.S. exchanges.
Stock symbols are in parentheses after company names. Share
prices are as of 9:35 a.m. in New York.
General Motors Corp. (GM US) fell $1.69, or 4.5 percent, to
$36.29. The largest U.S. automaker was cut to ``peer perform''
from ``outperform'' by Bear Stearns & Co. after GM said June U.S.
sales declined. Separately, Deutsche Bank AG cut its full-year
earnings estimate for GM to $2 a share, a 30 percent reduction,
after ``surprisingly weak'' U.S. sales in June.
Read more at Bloomberg Stocks News
Tuesday, July 3, 2007
Treasuries Fall Most in Three Weeks as Demand for Riskier Bonds Stabilizes
(Bloomberg) -- Treasury 10-year notes declined the
most in three weeks as a drop in a measure of the perceived risk
of owning U.S. corporate bonds reduced demand for the safety of
government debt.
The CDX North America Crossover Index, made up of the debt
of 35 companies, fell for the first time in five days after
rising to a 10-month high yesterday, according to Deutsche Bank
AG.
Read more at Bloomberg Bonds News
most in three weeks as a drop in a measure of the perceived risk
of owning U.S. corporate bonds reduced demand for the safety of
government debt.
The CDX North America Crossover Index, made up of the debt
of 35 companies, fell for the first time in five days after
rising to a 10-month high yesterday, according to Deutsche Bank
AG.
Read more at Bloomberg Bonds News
Monday, July 2, 2007
Korea Deposit Hires Citigroup, Deutsche to Sell Kepco Stake, People Say
(Bloomberg) -- Citigroup Inc. and Deutsche Bank AG
were among four banks hired by Korea Deposit Insurance Corp. to
sell a $1.43 billion stake in South Korea's largest utility, two
people with knowledge of the matter said.
Woori Investment & Securities Co. and Good Morning Shinhan
Securities Co. will also help arrange the sale of 32.2 million
shares in Korea Electric Power Corp., the people said, declining
to be identified because details aren't public.
Read more at Bloomberg Emerging Markets News
were among four banks hired by Korea Deposit Insurance Corp. to
sell a $1.43 billion stake in South Korea's largest utility, two
people with knowledge of the matter said.
Woori Investment & Securities Co. and Good Morning Shinhan
Securities Co. will also help arrange the sale of 32.2 million
shares in Korea Electric Power Corp., the people said, declining
to be identified because details aren't public.
Read more at Bloomberg Emerging Markets News
Friday, June 29, 2007
European Stocks Advance in Quarter; DaimlerChrysler, LVMH, Swatch Rise
(Bloomberg) -- European stocks rose, posting a
fourth consecutive quarterly advance, after reports in the U.S.
signaled the world's biggest economy will keep growing without
stoking inflation.
DaimlerChrysler AG and LVMH Moet Hennessy Louis Vuitton SA
led gains today by companies most dependent on the U.S. for
sales. Swatch Group AG rallied after Deutsche Bank AG recommended
buying shares in the watchmaker because revenue and profit
margins may increase. Total SA and Royal Dutch Shell Plc rose as
oil climbed to a 10-month high.
Read more at Bloomberg Stocks News
fourth consecutive quarterly advance, after reports in the U.S.
signaled the world's biggest economy will keep growing without
stoking inflation.
DaimlerChrysler AG and LVMH Moet Hennessy Louis Vuitton SA
led gains today by companies most dependent on the U.S. for
sales. Swatch Group AG rallied after Deutsche Bank AG recommended
buying shares in the watchmaker because revenue and profit
margins may increase. Total SA and Royal Dutch Shell Plc rose as
oil climbed to a 10-month high.
Read more at Bloomberg Stocks News
Thursday, June 28, 2007
European Stocks Rebound; BP, BHP Billiton, Nestle and Danone Pace Advance
(Bloomberg) -- European stocks advanced for the
first time in six days, paced by energy and mining shares as oil
and metals prices rose.
BP Plc, Europe's second-biggest oil producer, and BHP
Billiton Ltd., the world's largest mining company, gained. Nestle
SA increased after Deutsche Bank AG recommended buying stock in
the food company. Groupe Danone rose on a report the yogurt maker
will likely sell its LU cookies division.
Read more at Bloomberg Stocks News
first time in six days, paced by energy and mining shares as oil
and metals prices rose.
BP Plc, Europe's second-biggest oil producer, and BHP
Billiton Ltd., the world's largest mining company, gained. Nestle
SA increased after Deutsche Bank AG recommended buying stock in
the food company. Groupe Danone rose on a report the yogurt maker
will likely sell its LU cookies division.
Read more at Bloomberg Stocks News
Wednesday, June 27, 2007
Corporate Bond Risk in Europe at Three-Month High on Subprime Risk Concern
(Bloomberg) -- The risk of owning European
corporate bonds rose to the highest in almost three months amid
concern hedge-fund losses in the U.S. subprime mortgage market
may snowball, according to traders of credit-default swaps.
Contracts on 10 million euros ($13 million) of debt
included in the iTraxx Crossover Series 7 Index of 50 European
companies jumped 11,500 euros to 228,000 euros, the highest
since April 2, according to Deutsche Bank AG. The rising cost of
credit-default swaps, contracts based on bonds and loans,
indicates deteriorating credit quality.
Read more at Bloomberg Bonds News
corporate bonds rose to the highest in almost three months amid
concern hedge-fund losses in the U.S. subprime mortgage market
may snowball, according to traders of credit-default swaps.
Contracts on 10 million euros ($13 million) of debt
included in the iTraxx Crossover Series 7 Index of 50 European
companies jumped 11,500 euros to 228,000 euros, the highest
since April 2, according to Deutsche Bank AG. The rising cost of
credit-default swaps, contracts based on bonds and loans,
indicates deteriorating credit quality.
Read more at Bloomberg Bonds News
Monday, June 25, 2007
Perceived Risk of Subprime Loans Increases After Housing and Payment Data
(Bloomberg) -- The perceived risk of owning low-
rated subprime mortgage bonds from 2006 increased amid data
showing further weakness in the housing and mortgage markets,
according to derivatives.
The ABX-HE-BBB- 06-2 index of credit-default swaps on
20 securities rated BBB- and created in the first half of 2006
fell about 1.8 percent today to 62, surpassing a February low
for the first time, according to Deutsche Bank AG. The ABX-HE-
BBB- 07-1 index of bonds from the second half of 2006 fell about
3.3 percent to 56, the seventh new low reached since June 12.
Read more at Bloomberg Bonds News
rated subprime mortgage bonds from 2006 increased amid data
showing further weakness in the housing and mortgage markets,
according to derivatives.
The ABX-HE-BBB- 06-2 index of credit-default swaps on
20 securities rated BBB- and created in the first half of 2006
fell about 1.8 percent today to 62, surpassing a February low
for the first time, according to Deutsche Bank AG. The ABX-HE-
BBB- 07-1 index of bonds from the second half of 2006 fell about
3.3 percent to 56, the seventh new low reached since June 12.
Read more at Bloomberg Bonds News
Friday, June 22, 2007
European Stocks Decline on Ifo Report; BHP Billiton, Julius Baer Slide
(Bloomberg) -- European stocks dropped for a second
day after German business confidence fell more than economists
forecast in June, adding to signs that growth in Europe's largest
economy may slow.
BHP Billiton Ltd. led mining shares lower on concern China
will raise interest rates to cool the economy. Julius Baer
Holding AG declined the most in a year after UBS AG sold part of
its stake in the Swiss Bank, thwarting takeover speculation.
Deutsche Bank AG and Barclays Plc led a decline by banks on
concern that losses in the U.S. mortgage market may grow.
Read more at Bloomberg Stocks News
day after German business confidence fell more than economists
forecast in June, adding to signs that growth in Europe's largest
economy may slow.
BHP Billiton Ltd. led mining shares lower on concern China
will raise interest rates to cool the economy. Julius Baer
Holding AG declined the most in a year after UBS AG sold part of
its stake in the Swiss Bank, thwarting takeover speculation.
Deutsche Bank AG and Barclays Plc led a decline by banks on
concern that losses in the U.S. mortgage market may grow.
Read more at Bloomberg Stocks News
Sunday, June 17, 2007
U.S. Treasury Notes May Decline; Deutsche, Lehman Drop Calls for Rate Cut
(Bloomberg) -- U.S. 10-year notes may fall after
signs of growth in the economy made Deutsche Bank AG and Lehman
Brothers Holdings Inc. drop forecasts for the Federal Reserve to
cut interest rates this year.
The firms announced their changes at the end of last week,
following an increase in 10-year yields to their highest in five
years. Yields, which move in the opposite direction as prices,
climbed as former Fed Chairman Alan Greenspan predicted they may
rise further.
Read more at Bloomberg Bonds News
signs of growth in the economy made Deutsche Bank AG and Lehman
Brothers Holdings Inc. drop forecasts for the Federal Reserve to
cut interest rates this year.
The firms announced their changes at the end of last week,
following an increase in 10-year yields to their highest in five
years. Yields, which move in the opposite direction as prices,
climbed as former Fed Chairman Alan Greenspan predicted they may
rise further.
Read more at Bloomberg Bonds News
Thursday, June 14, 2007
Wynn Boosts Macau Casino Loan by 24 Percent to $1.55 Billion, People Say
(Bloomberg) -- Wynn Resorts Ltd. increased the size
of a loan for its casino in Macau, the world's biggest gambling
market, by 24 percent to $1.55 billion, said three people with
direct knowledge of the matter.
The company, controlled by billionaire Steve Wynn, boosted
borrowings from $1.25 billion after more than 50 banks and funds
offered to lend more than it sought, said the people, who
declined to be identified because details aren't public. Bank of
America Corp., Deutsche Bank AG and Societe Generale SA are
arranging the financing, they said.
Read more at Bloomberg Emerging Markets News
of a loan for its casino in Macau, the world's biggest gambling
market, by 24 percent to $1.55 billion, said three people with
direct knowledge of the matter.
The company, controlled by billionaire Steve Wynn, boosted
borrowings from $1.25 billion after more than 50 banks and funds
offered to lend more than it sought, said the people, who
declined to be identified because details aren't public. Bank of
America Corp., Deutsche Bank AG and Societe Generale SA are
arranging the financing, they said.
Read more at Bloomberg Emerging Markets News
Wednesday, June 13, 2007
Stocks bounce as Treasury yields dip; dollar up
(Reuters) - The dollar held near a 4-½ year high against the yen, buoyed by U.S. figures showing strong retail sales in May and a Federal Reserve report suggesting wage pressures had not increased.
"Investors are thinking the economy is doing well as the stock market has calmed down and they see few signs of inflation," says Koji Fukaya, senior currency strategist at Deutsche Bank in Tokyo. "Unless this trend collapses, the dollar will stay firm."
Read more at Reuters.com Hot Stocks News
"Investors are thinking the economy is doing well as the stock market has calmed down and they see few signs of inflation," says Koji Fukaya, senior currency strategist at Deutsche Bank in Tokyo. "Unless this trend collapses, the dollar will stay firm."
Read more at Reuters.com Hot Stocks News
Wednesday, May 30, 2007
U.S. Stocks Rise on Buyout Speculation; Simon Property, Exxon Lead Advance
(Bloomberg) -- U.S. stocks advanced for a third day
on buyout speculation in the real-estate industry and a jump in
oil prices that lifted shares of energy producers.
Simon Property Group, the largest U.S. real estate
investment trust, climbed after Deutsche Bank AG upgraded its
shares and seven other companies in the industry following the
$13.5 billion buyout of Archstone-Smith Trust. Energy shares,
led by Exxon Mobil Corp., contributed the most to the gain in
the Standard & Poor's 500 Index.
Read more at Bloomberg Stocks News
on buyout speculation in the real-estate industry and a jump in
oil prices that lifted shares of energy producers.
Simon Property Group, the largest U.S. real estate
investment trust, climbed after Deutsche Bank AG upgraded its
shares and seven other companies in the industry following the
$13.5 billion buyout of Archstone-Smith Trust. Energy shares,
led by Exxon Mobil Corp., contributed the most to the gain in
the Standard & Poor's 500 Index.
Read more at Bloomberg Stocks News
Monday, May 28, 2007
Alcan Shares Rise on Possible Takeover Bids From Norsk Hydro, Rio Tinto
(Bloomberg) -- Shares of Alcan Inc. rose after
reports of possible takeover offers from Norsk Hydro ASA and Rio
Tinto Group raised expectations of a bidding war with Alcoa Inc.
for the Canadian aluminum producer.
Norsk Hydro, an Oslo-based energy and metals producer, is
preparing a bid valued at more than $30 billion for Alcan, the
Globe and Mail reported today, citing bankers close to both
companies who weren't named. Rio Tinto, the world's third-largest
miner, hired Deutsche Bank AG to advise it on a possible Alcan
bid, the Age newspaper reported, without citing anyone.
Read more at Bloomberg Stocks News
reports of possible takeover offers from Norsk Hydro ASA and Rio
Tinto Group raised expectations of a bidding war with Alcoa Inc.
for the Canadian aluminum producer.
Norsk Hydro, an Oslo-based energy and metals producer, is
preparing a bid valued at more than $30 billion for Alcan, the
Globe and Mail reported today, citing bankers close to both
companies who weren't named. Rio Tinto, the world's third-largest
miner, hired Deutsche Bank AG to advise it on a possible Alcan
bid, the Age newspaper reported, without citing anyone.
Read more at Bloomberg Stocks News
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