Julie Ros

June Data Solid, But COVID Rebound Looms

The US data for June have been generally positive, with a solid gain in nonfarm payrolls and the above-50 ISM readings for both the manufacturing and nonmanufacturing sectors. Of course, much of this was before several large states reported rebounds in their COVID-19 cases, so the silver cloud comes a with darkened lining. Still, there […]

US June PPI a Surprise, Down 0.2% on Food Reversal

US business prices fell 0.2% in June, a fourth decline in the last five months. The June drop was a surprise as analysts had expected a repeat of May’s 0.4% increase. With some states reversing some of their reopening plans and layoffs remaining high, prices could pull back further in the coming months. Last month’s […]

US Initial Claims Slip, but Stay Above 1 Million

The pace of initial claims gains continues to astound, with COVID-19 cases surging in several states that are causing some restrictions to be put back into place. Initial filings fell further in the July 4 holiday week, but the weekly level of new claims remains well above one million more than three months after the […]

UK Confirms Wind Down of Job Protection Scheme

The UK Treasury will end its job protection programme at the end of October, raising fears of a surge in unemployment as the government furlough scheme winds down beginning in August. “The furlough scheme cannot and should not go on forever…leaving it open forever gives people false hopes” of returning to work, said Chancellor of […]

Voyager Digital Partners with Crypto PB Bosonic

Crypto asset broker, Voyager Digital Canada, has partnered with crypto-focussed prime broker Bosonic (formerly OTCXN). The partnership brings liquidity and trade execution to institutional clients through Voyager’s smart order router and Bosonic’s real-time clearing and settlement solution, the firms say in a statement. Stephen Ehrlich, CEO and co-founder of Voyager, says, “Expanding our dynamic smart […]

Fed Presidents See Huge Pandemic-Caused Challenges

The presidents of the Richmond and San Francisco Federal Reserve Banks Tuesday saw huge challenges ahead as government virus response programs ebb, landlords without rent payments pressure banks, displaced workers stay unemployed, and customers get less enthusiastic about visits to bricks and mortar establishments as the pandemic hangs on. Richmond Bank President Tom Barkin saw […]

Fed’s Bostic: High Frequency Data Show Economy Levelling Off

Recent high frequency economic data suggest the recovery is slowing as virus infections rise, Atlanta Fed President Raphael Bostic said Tuesday. Bostic, in webinar remarks to the Tennessee Business Roundtable, said the economy is rebounding from its depths in the first part of the second quarter, but “more recent economic data show the upward trajectory […]

P&L Talk Series with Genesis’ Dan Torrey

In May, Genesis announced its acquisition of Vo1t, an insured digital custody service, to complement its existing lending and OTC trading businesses, and enable it to launch Genesis Prime Services, a one-stop-shop for trading, lending and securing digital assets later this year. Julie Ros spoke with Dan Torrey, head of institutional sales – Americas, at […]

Refinitiv Launches Low-Latency FX Data Feed

As observed by Profit & Loss on Monday, Refinitiv has launched the FX Binary Multicast Feed 5ms, an enhanced low-latency market data feed to enable increased market transparency and support critical trading decision-making for Refinitiv Spot Matching clients, the company says. This brings the platform into line with its chief rival in the FX market data business, […]