HELL HATH NO fury like a woman scorned, so the saying goes. But former London whale trader Bruno Iksil comes a close second. The banker blamed for the now-famous trading loss at JP Morgan has set up a website - londonwhalemarionet.monsite-orange.fr - in an attempt to set the record straight.
Two years ago, MSCI’s decision not to include Chinese A-shares in its benchmark emerging market index signalled the end of a bull run for mainland equities. In a bizarre twist, this year’s review in favour of Chinese stocks has again ushered in a new bout of volatility.
Once in a while the universe reaches out to explain very complex things in a very simple way.
Eurozone 10-year spreads are actually wider on the day despite an expected win for Emmanuel Macron in the final round of the French presidential election.