Oil extends relief rally, lifted by weaker dollar

Oil rose by more than $1 a barrel on Tuesday, boosted by a weaker dollar, but gains were capped as anxieties about excess supplies continued to swirl.

Brent crude, the global benchmark, increased $1.11 a barrel to $46.95 while US marker West Texas Intermediate was up by 96 cents a barrel to $44.35 a barrel.

Oil was supported by a falling US dollar. Commodities such as crude which are priced in dollars become cheaper for holders of other currencies.

Crude prices have spent most of June sliding lower as traders questioned the effectiveness of Opec-led cuts in reducing global stockpiles in the face of rising production from the US.

Oversupply jitters continue to cast a shadow over the oil market and though selling pressures have taken a breather, bullish catalysts remain in short supply and the near-term risks are still stacked to the downside, said Stephen Brennock at London-based broker PVM.

The light at the end of the tunnel for beleaguered bulls is still pretty dim.

Hedge funds have slashed their bullish bets in Brent. Short positions a volatility futures key indicator of bearish sentiment jumped to the highest level on record to the equivalent of almost 169m barrels of crude last week.

https://www.ft.com/content/15a6b781-da0c-30d4-8a15-306ac558673a

Traders betting against restaurants are getting clobbered (CMG, SBUX, MCD, DRI, CBRL, DPZ, YUM, DNKN, CAKE, SHAK)

Shake ShackMarina Nazario/Business Insider

It was forecastto be a tough year for chain restaurants.

Cheaper groceries and more expensive food at restaurants slowed restaurant sales in 2016. Restaurants were also faced with rising pressure to raise their workers’ wages.

But traders who bet against some of the industry’s big names are mostly counting losses.

“The entire restaurant sector has not been kind to short sellers this year with only one stock in the top ten, The Cheesecake Factory, profitable in 2017,” said Ihor Dusaniwsky, the head of research at the financial-analytics firm S3, in a note on Thursday.

This year, investors placed the most bearish bets on Chipotle, the fast-casual restaurant chain that saw an exodus of customers after E-coli outbreaks in 14 states were linked to its food in late-2015.

Betting against Chipotle in 2016 was a winning move: short sellers earned $355 million, or were up 20%, on their bet.

This year, they have lost 71.4% on a mark-to-market basis, S3 said.

The stock’s 7% drop this week, however, provided some reprieve, as short sellers made back $157 million of their total $404 million losses before the slide.Chipotle said on Monday June 19 thatit expected to spend more on marketing in the second quarter than the first.

Year-to-date, Chipotle’sshares have gained 11%, a performance that’s not dissimilar to other restaurant chains that Wall Street is betting against. Starbucks, with almost $1.6 billion in short interest ranking second is up 7%, while McDonald’s has soared 27%.

The table below shows the most shorted restaurant stocks, and the losses that short sellers have incurred year-to-date:

Screen Shot 2017 06 22 at 1.46.18 PM S3 Partners

And the chart below shows that most of the most shorted restaurant stocks have traded the other way:

dfa Google Finance

http://www.businessinsider.com/restaurant-stocks-short-sellers-losing-money-2017-2017-6

Chinese bankers flock to Hong Kong as expats retreat

A flood of Chinese bankers is changing the social fabric of Hong Kong, as they rapidly expand their footprint in one of the world’s premier financial centres, even as Beijing struggles to tame the former British colony politically.

Twenty years after Hong Kong’s handover to Chinese rule, scores of mainland professionals are filling the elite financial ranks of Hong Kong, while a series of lay-offs at Western banks has led to an exodus of expatriates.

The largest increase in mainland staff over the past decade has come in investment banks, with 80 percent seeing an increase of at least 20 percent, according to a 2015 Financial Services Development Council survey.

“It has a much better environment than Beijing where I used to work,” said Hong Hao, a managing director at BOCOM International, who has lived in Hong Kong for five years. “The food is good, and the tax rate is also good.”

Tax rates in Hong Kong are around 15-17 percent, while they can be as much as 45 percent in mainland China.

Chinese initial public offerings (IPO) dominate the Hong Kong market, the world’s largest IPO market in 2016 when mainland offerings represented 80 percent of all new listings, according to Thomson Reuters data.

Hong Kong’s financial services industry accounts for 18 percent of the territory’s economy, compared with just 10.4 percent in 1997 when the city returned to Chinese rule.

Expat customers fall

Evan Zhang, a 26-year-old from Guangdong province, is one of those new kids on the block in Hong Kong. For Zhang, one of the younger hires at CITIC Securities International, the increasing outward flow of Chinese capital in recent years is an opportunity.

“With Chinese people more willing now to allocate assets overseas, and overseas investors willing to invest in China, I can play a go-between role to help them,” he said.

As top banks such as Goldman Sachs , UBS, and Bank of America trim their Asia headcount, businesses across Hong Kong have taken a direct hit.

Bo Innovation, a Michelin-star restaurant, said its Western expat customers fell roughly 10 percent in the last 10 years, according to owner and executive chef Alvin Leung. Mainland clients increased by about the same percentage, he added.

Western companies are also increasingly turning to more affordable locations such as Quarry Bay, at a time when Chinese companies are boosting their presence in the prime Central district, according to Tom Gaffney, a managing director at real estate services firm CBRE.

The value of a typical expat package for middle managers in Hong Kong, has fallen by two percent in U.S. dollar terms over the past five years, while the value of their benefits has fallen five percent over the same period, according to consultancy firm ECA International.

“I have seen an enormous change in the expat landscape and packages offered,” said Christine Davis, a manager at international relocation firm The Santa Fe Group who was an expat in Hong Kong in 1999-2001 and again since 2011.

Everything was paid for by hosting companies in the past, she said, but now expat terms had been reduced “drastically”.

Hong Kong dropped two places to 13th in the world in HSBC’s 2016 Expat Explorer Survey, which measures various aspects of expat life.

Easier to recruit

The new expat environment is making its easier to recruit talent. Several Chinese brokerages, asset management firms, and a Big Four Chinese bank told Reuters in recent months they intend to https://harbourfronttechnologies.tumblr.com/post/161074723729/low-volatility-and-the-danger-of-increased expand and hire more people in Hong Kong.

“When I first joined the company 14 years ago, we could barely recruit the right people as we couldn’t offer a good salary,” said Chen Shuang, chief executive of China Everbright Ltd, the Hong Kong investment arm of state-owned China Everbright Group.

“But now, it’s much easier to recruit top talent, even those from large Wall Street banks, which was unimaginable in the past.”

Some senior Chinese bankers, such as managing directors and department heads, now earn more than their Western counterparts, which offer compensation of about $1 million a year, including base salary and cash bonus, according to executive recruiter Bernard Yeo of Bo Le Associates.

On the flip side, junior Chinese bankers are typically paid 20 to 30 percent less than their foreign counterparts and enjoy a less generous package that excludes housing, school fees, and club memberships enjoyed by many Western expats, Yeo said.

The changing demographics of the financial industry is reflected in the local economy.

Restaurants featuring provincial mainland Chinese cuisine, like Old Beijing restaurant and San Xilou, which offers spicy Sichuanese fare, are doing well, restaurant managers say. So are serviced apartment companies, English learning programs, and Audis, a popular car brand among Chinese.

In contrast, Trattoria Doppio Zero, a popular Italian restaurant in the central business district, has seen over a 10-percent drop in its customers the last three years, said manager Jeffrey Ko.

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http://www.cnbc.com/2017/06/18/chinese-bankers-flock-to-hong-kong-as-expats-retreat.html

Merit Financial – How To Invest In Gold

Money Making Ideas for KidsTeach Your Children to Save and Invest. Note that the rules vary county by county. If you happen to possess such a rare set of skills, then you may be thinking about starting a computer repair business. In the absence of risk figures, you would rate the fund that gave 60% return as better than the one that gave the 25% return.

Whatever your intention, the first thing to consider is the safety of the capital to be invested. It is difficult to find a market for such capital items once they have been acquired. The idea is to identify “investment objects” that are endowed with “excess intrinsic value” By recognising profit where others do not we put ourselves in the position to access this unseen stored portable value and transform it into profits which we pyramid and compound into a rapid fortune.

If your job offers the opportunity for you to invest in a 401k with a matching contribution what are you waiting for? This match is free money. Building and Investment processes and practices that are in line with world standards. com/investment-programmes to go to the http://jatrophagreenoilinvestment. Timely prevention, early detection, speedy and severe punishments act will deter potential manipulators. In such scenario investing in agriculture stock always helps to make profits.

On the other hand, the rising costliness of the established players has wedged open a low-end market for newcomers. Real antique jewelry has a part to play in the worlds of fashion and of investment, and it is wise to take expert advice prior to parting with your money irrespective of your purpose in buying it. This account allows you to grow your money tax-deferred until it is withdrawn. These are usually privately minted coins with various designs. This is why people who wish to invest choose the best mutual funds to purchase.

http://www.cnbc.com/investing/

For stock market news, and stock recommendations, please visit our forum at StockMarketsReview. This type occurs when there are location advantages for foreign companies in their home country but the existence of tariffs or other barriers of trade prevent the companies from exporting to the host country. In no time you will be on your way to building a successful and profitable portfolio that will provide you with a secure future.

Investment In native Sources Of One’s By John Harrison

We tend to be told that equity investments are subject to risk. If one happens to possess this type of rare group of skills, then you may well be contemplating starting some type of computer repair business. That doesn’t take into account any care you may require or inside the even which you need to adopt advantage of such funds much earlier in life. Customers who bought to the celebrated 2000 vintage en primeur (ie buying while the wine is still in France at the Chateaux maturing) are now laughing within their checkbooks. It is essential to help keep at heart that all of these has to be holdings that are inside a non-reportable form and in an offshore investment to become legal.

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Real Estate :: Tax Deed Investing

Despite significant hurdles, such as a national drug war, worldwide recession, plus a decline in oil production investments in Mexico have continued to rise. You can start having a low budget but still find yourself having a large audience. Certificates of Deposit, Mutual Funds, Bonds, Stocks, Annuities, Residential and Commercial Real-estate are just a sampling of the types of investments that you can pick from. Certificates of Deposit, Mutual Funds, Bonds, Stocks, Annuities, Residential and Commercial real Estate are just a sampling of the forms of investments that you can pick from. In recent months, the price of silver has declined below the $10 level, but which has only seemingly intensified investment interest within the metal.

Also, you must know that fixed deposits offer a fixed interest rate which remains constant irrespective of the market conditions. We offer video examples of admission interviews, video guidance for answering one of the most challenging interview questions and serve as a complete source for all of your interview preparation needs. It’s always advisable not to put all of your eggs in a basket so when the market goes south you’ll still have other assets that are performing well for you.

Why Hotel Property may be the Best Overseas Investment. “A few native-energy companies are going after the best markets but that doesn’t mean you should go buy every name in the sector. It is hard to find a market for such capital items after they happen to be acquired. Page 1 of 2 :: First – Last :: Prev – 1 2 – Next.

Building your Own Computer Repair Business. After pooling these loans together, the structure is sliced into tranches of different ranking. This figure bespeaks an enormous return on investment. Services have overtaken manufacturing in FDI, foreign direct investments in Mexico, and an incredible increase for the lodging sector is expected.

The fifth type of FDI relates for the trade diversionary aspect of regional integration. . Read the latest news and commentary on gold and silver. No matter where, or at what level the investment is made, income is inevitable with this particular limited commodity. Always be on the lookout for opportunities that fit your needs, and you can invest in some profitable enterprises.

Stocks, Bond & Forex Articles

You can also add additional investments to buy more stock in the DRIP to increase your role further. A company headquartered in Amsterdam may be listed on multiple stock exchanges. Unfortunately, the media take for granted that people inside the audience comprehend the stock market.

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bytelan. . . While the common view throughout the GFC period was certainly one of financial institutions being somewhat unmanageable and obsessed with personal interests instead of emphasizing their potential customers benefits, when it comes to the Volcker rule’s effect upon the precious metals market it seems like it did little to not even attempt to stop attempts at gold price fixing, a problem whereby the gold value has been often considered extremely and fraudulently undervalued for your past decade.