Author: Jordan

Investing.com — The strengthened Monday morning as energy prices climbed and equities sold off following weekend developments, according to Goldman Sachs. The price action appeared less driven by risk sentiment and more by relative terms of trade shifts, with the and outperforming while the Euro and underperformed within G10 currencies. The South African rand and also showed relative strength within emerging markets. The stood out among energy importers following weekend elections. The opposition won the parliamentary elections, with Tisza set to secure a two-thirds super-majority in parliament. This gives the party the ability to swiftly pass legislation that aligns with…

‘Internal error’ cost bank its ability to claim mortgage payout, B.C. court rules CTV News Source link

Gold (GC=F) June futures opened at $4,633.20 per troy ounce on Monday, 3.2% lower than Friday’s closing price of $4,787.40. Gold rebounded in early trading, moving to $4,739.40 by 6:55 a.m. ET. Silver (SI=F) May futures opened at $73.69 per ounce on Monday, 3.6% lower than Friday’s closing price of $76.48. The price of silver rose to $74.47 by 6:55 a.m. ET. The gold price and silver price today are facing multiple catalysts. The latest CPI report showed March prices increased 3.3%, the largest gain since April 2024. Higher gas prices related to the Iran war were the primary contributor.…

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The cost of borrowing has risen significantly for landlords, as average mortgage rates surged since the start of the month, a financial comparison firm found. Data from Moneyfacts showed that the average two-year fixed buy-to-let (BTL) mortgage rate rose to 5.29% by 26 March, the highest for a year. Meanwhile, the typical five-year fixed rate was at 5.28%, the highest level in two years.  Borrowing costs for a two-year fix are now £1,100 more than at the start of March, based on a £250,000 loan over a 25-year mortgage term.  Rates below 5% are currently only available to landlords…

Santander Alternative Investments (Sai), Santander’s alternatives investment arm, has appointed Damien Granger to lead asset-based finance investments as it prepares a European-focused fund targeting €400m–€500m. Granger joins from Flexam – Kartesia Asset Finance, where he was partner and head of investments. His hire comes as Santander expands the strategy ahead of a mid-April first close, with over €150m already committed by institutional investors including insurers, the European Investment Fund and Spanish banking group Banco Santander. The fund will target corporate financing backed by tangible assets—aircraft, vessels, trains, trucks and other transport equipment—across Europe, offering asset-backed credit exposure to industrial and…

If you leave Goldman Sachs and work for a multistrategy pod shop hedge fund, your life may be fraught. Risk appetite at such funds is low; stop losses are non-negotiable. Commodities trading houses can be more tolerant, but do not expect a smooth ride there either. 💥Follow us on WhatsApp for news alerts.💥Ex-Goldman Sachs trader Yaoyao Liu has not had a smooth ride at Vitol. When a youthful Liu left Goldman Sachs in London after three years in 2012, he joined the world’s largest independent oil trader. This year has been harsh. The Wall Street Journal reports that the oil trading…

TAIPEI (Taiwan News) — Taiwan’s stock market on Monday recorded a second consecutive record close as buying interest shifted toward small- and mid-cap shares, even as heavyweight TSMC remained under pressure.The Taiwan Capitalization Weighted Stock Index (TAIEX) added 39.46 points to close at 35,457.29. Turnover totaled NT$778.8 billion (US$24.5 billion), according to CNA and CTEE.TSMC declined 0.5% to NT$1,990. Delta Electronics rose 0.29% to NT$1,740, MediaTek gained 2.86% to NT$1,620, and Foxconn fell 0.25% to NT$200.Despite a drop in TSMC, which is a major index component, funds rotated into small- and mid-cap stocks across several themes. These included quartz components,…

Unrest in the Middle East is adding hundreds of pounds to landlords’ new buy-to-let mortgages, according to Moneyfactscompare.co.uk. The average two-year fixed buy-to-let mortgage had increased from 4.6% at the start of March to 5.2% on 26th March, meaning that borrowing costs for those who take a two-year fixed deal are now £1,100 higher, compared to the beginning of the month.Five-year fixed rates also increased from 5% to 5.6% over the same period, the highest level since January 2024.Overall buy-to-let product choice (fixed and variable) has fallen sharply, by about 1,300 deals since the start of March to 4,332.Meanwhile, landlords…

Most people think of a bank or credit union for a business or personal loan. But peer-to-peer lending, also known as marketplace lending, lets you skip the middleman and get funded directly by investors, often at a lower rate.Borrowers and lenders are connected through online P2P platforms, with applicants enjoying a simpler application, more flexible credit requirements, higher loan limits and faster funding than they’d get at a bank.CNBC Select has picked the best peer-to-peer platforms, looking at key factors like interest rates, fees, loan amounts, term lengths and funding speed. For more on how we made our selections, check out our…