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One day after the DOW and SP 500 surged to closing records, markets will take a breather (SPY -0.2%). Home price growth reaches 15-year highand Credit Suisse takes $4.7 billion hit.
Here is the current market situation from CNN Money
European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
Iraq Moves To Exploit Its Massive Natural Gas Reserves Official estimates are that Iraqs proven reserves of conventional natural gas amount to at least 3.5 trillion cubic meters (tcm), or about 1.5 percent of the worlds total, placing Iraq 13th among global reserve-holders, with around three-quarters of this figure comprising associated gas that is found in the same reservoirs as oil. The International Energy Agency, though, estimates that ultimately recoverable resources will be considerably larger, at 8.0 tcm, of which around 30
Replacing Warner is Joachim Oechslin but as an interim Chief Risk Officer and member of the Executive Board on an ad-interim basis, effective April 6, 2021. After having served as Chief Risk Officer and member of the Executive Board of Credit Suisse Group AG from January 2014 to February 2019, Oechslin had taken on the role as Senior Advisor and Chief of Staff to the CEO of Credit Suisse Group. Previously, Oechslin was Munich Re Groupâs Chief Risk Officer from 2007.
In addition, Thomas Grotzer is appointed ad interim Global Head of Compliance, effective April 6, 2021. He has served as General Counsel and Member of the Executive Board of Credit Suisse (Schweiz) AG since 2016.
The story of how Hwang worked his way back in to Nomura s good graces with the promise of a lucrative trading relationship, details of which are reported here for the first time, underscores the risks Nomura was prepared to take to make headway in the world s most competitive capital market.