1. Understand the structure of an Investment Bank
Broadly speaking, an investment bank is divided into the front, middle and back office functional areas. There are many other areas, such as marketing and legal departments, but for the purpose of this article, we shall focus on the aforementioned areas.
Showing posts with label Citigroup. Show all posts
Showing posts with label Citigroup. Show all posts
Sunday, 31 January 2010
Monday, 18 January 2010
MARKET UPDATE: Q4 earnings and Chinese data
On balance the overall tone since the start of the year has been just about positive, with firmer economic data, most notably in China outweighing sovereign debt concerns in Greece and elsewhere
With the markets gyrating between a “Risk on” and “Risk off” tone from the turn of the year, “Risk off” may be the tone at the start of this week, as US equities ended the week on a negative note ahead of the Martin Luther King holidays
Bank earnings will be a key focus, with Citigroup, Morgan Stanley, BoA, Wells Fargo and Goldman Sachs set to report this week
Given the growing influence of Chinese data on markets the monthly data pack from China will capture more attention than usual on Thursday
Chinese GDP data is likely to reveal an acceleration in growth in Q4 YoY to above 10%
In the Eurozone the main event is the German ZEW survey tomorrow, which is likely to show further signs of flagging, due to Greek concerns
UK data kicked off on a positive note this week, with house prices rising 0.4% MoM in January and 4.1% YoY according to UK property website Rightmove, the biggest annual gain in over a year
The data as well as expectations that Kraft will raise its bid for Cadbury will likely help GBP in addition to other GBP positive M&A news
These are the salient points kindly contributed by Mitul Kotecha, MD & Head of Global Currency Strategy at Calyon. To view the full discussion, please click here to visit the original post on his website The Econometer
With the markets gyrating between a “Risk on” and “Risk off” tone from the turn of the year, “Risk off” may be the tone at the start of this week, as US equities ended the week on a negative note ahead of the Martin Luther King holidays
Bank earnings will be a key focus, with Citigroup, Morgan Stanley, BoA, Wells Fargo and Goldman Sachs set to report this week
Given the growing influence of Chinese data on markets the monthly data pack from China will capture more attention than usual on Thursday
Chinese GDP data is likely to reveal an acceleration in growth in Q4 YoY to above 10%
In the Eurozone the main event is the German ZEW survey tomorrow, which is likely to show further signs of flagging, due to Greek concerns
UK data kicked off on a positive note this week, with house prices rising 0.4% MoM in January and 4.1% YoY according to UK property website Rightmove, the biggest annual gain in over a year
The data as well as expectations that Kraft will raise its bid for Cadbury will likely help GBP in addition to other GBP positive M&A news
These are the salient points kindly contributed by Mitul Kotecha, MD & Head of Global Currency Strategy at Calyon. To view the full discussion, please click here to visit the original post on his website The Econometer
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