Better to Bet on Cool US CPI Print Than Hot One, JPMorgan Sales Team Says bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Traders hoping to profit from a surprise reading in Wednesday’s consumer inflation data may be better off positioning for it to come in below forecasts, according to JPMorgan Chase & Co.’s sales and trading desk. Most Read from BloombergTurkey Agrees to Back Sweden’s NATO Bid in Boost to AlliancePoisoned Cough Syrup Killed Kids. Authorities Cut the Investigation ShortMicrosoft Cleared to Buy Activision in US as UK Pauses FightShort Seller Andrew Left Is Living in Fear of the FedsM
(Bloomberg) It’s practically a law of markets: when stock prices rise, stock volatility falls. But lately the relationship has been breaking down, and the sleuths are out trying to explain why.Most Read from BloombergTrump ‘Standing Order’ to Declassify Not Found by DOJ, Intelligence AgencyA $100 Billion Wealth Migration Tilts US Economy’s Center of Gravity SouthChina Has $3 Trillion of ‘Hidden’ Currency Reserves, Setser SaysSwitzerland Blocks Sale of Leopard 1 Tanks Bound for UkraineChina’s
MARKET WRAPS Watch For: France industrial production index; no major corporate updates expected Opening Call: European stock futures rose ahead of the U.S. jobs report later today. In Asia, stock benchmarks tracked Wall Street higher; t. | 12:17am