Trade Finance

After weeks of calm, the Vix index showed Friday night a real surge moving up 5 points from 12.5 to 17.5 points, + 40% in one day stock market, triggering a real bell alarm among international operators.

Soaring Vix was the prelude to the Wall Street meltdown. New York was in fact the first to pay the consequences; specifically the Dow Jones closed at -2.13%, S & P500 lost 2.45% while the Nasdaq closed at -2.54%. A first analysis indicates in the words of Rosengren, who on Friday had accused the Fed going to be laggard in raising interest rates.

The shares of Europe’s third largest insurer dropped by more than 40% in the space of a year from March 2015 to March 2016. The return of Mario Greco to the position of CEO in early March seems to have marked a significant turning point.

Warren Buffett, the Oracle of Omaha, goes against and challenge the world of finance betting on Apple even as large funds in retreat. Through his investment company Berkshire Hathaway, Buffett has increased its stake in Apple by 55% and at the same time announced that it has reduced in Wal-Mart stores, the largest retailer in this world in the portfolio for more than a decade.

Any decision on finance by the tycoon George Soros never goes unnoticed. As reported by the mandatory reporting to the US exchange, Soros Fund Management LLC, the fund managed by the entrepreneur 86-year-old, has increased its short position in the S & P 500, the benchmark index of US stocks, accumulating put options corresponding to approximately 4 million shares , almost double the 2.1 million shares held on 31 March.
Hard to say if it’s real short positions, as they may be simple hedging positions (hedging) of equity securities. The fact is that an indication that we can deduce is quite clear: the expert does not expect an imminent for the US stock market rally.

Credit Suisse and Deutsche Bank will be dropped from the Stoxx Europe 50, the index showing the performance of the 50 most important European companies.

From Monday, August 8, the two banks will be replaced by the French group Vinci (construction) and the Dutch ASML (semiconductor industry), as indicated last night by index managers.

Switzerland will benefit from Brexit: Boris Collardi, CEO of Zurich-based banking group Julius Baer is fully convinced. "I’m virtually certain that Switzerland will take advantage of Brexit" Collardi said in an interview published today by Le Temps. "In terms of capital flows, persons domiciled in the United Kingdom or who have decided to use the British platform as a point of reference questions will arise about their future status of resident and the willingness of the authorities to loom as an attractive place for business. They may decide to resort to Switzerland not to put all your eggs in one basket. "

The former London-based UBS trader Kweku Adoboli will not remain in the United Kingdom and will be extradited to Ghana, his country of origin. The Upper Tribunal of the Immigration and Asylum Chamber issued that judgment, rejecting his appeal to remain in Britain, where he lived from the age of 12 years.

In 2011, Adoboli had been responsible for a loss of $ 1.4 billion, as a result of unauthorized trading. In 2012 he was sentenced to seven years jail for fraud.

The "Pokemon Go" successful drag up the title that Nintendo has today gained another 14% to the Tokyo Stock Exchange to close at 31,700 yen (295 francs). Since the launch of the game, on July 6, Nintendo’s market capitalization has more than doubled to 4.5 trillion yen (42 billion francs), more than that of Sony. Nintendo has also established a new record for the largest number of shares traded in one day in Japan, beating the record that he scored last Friday.