Jelena Sokolova, CFA, is a senior research analyst and member of the research committee at CE Asset Management AG in Zurich, Switzerland. She has 5 years of equity research experience covering European large caps with a generalist focus. She has a Master’s degree in International business from Riga International School of Economics and Business Administration (RISEBA).
Energy companies lost 35% of investors’ money from the end of 2013 to early 2016. Were there common and objective industry “red flags” that could have been spotted in advance and thus disastrous investments averted?
The US Office of Financial Research's ability to bolster financial stability is being called into question because of limited funding and staffing and because interim leader Kipp Kranbuhl holds an additional temporary role in the Treasury Department. President Donald Trump has nominated Dino Falaschetti, who advocates abolishing the OFR, to be the permanent head, but the Senate has yet to act on the appointment. MLex (subscription required) (21 Feb.)
Commerce Department data suggest the US economic expansion is losing momentum. Orders for capital goods are falling, a slowdown in the sale of business equipment continues and the National Association of Realtors has reported sales of existing homes fell last month to the lowest level since November 2015. Reuters (21 Feb.)
Concerns about damage a no-deal Brexit would cause the UK economy are prompting progress toward a transition agreement, UK Chancellor Philip Hammond says. "My own view is that what is driving the process at the moment is the sense of a deadline," he says. Politico (21 Feb.)
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