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Blacked Out: Nomura Explains September's Sensitivity To Sudden Macro Shocks
The good news is that ‘dealer gamma’ has normalized in the last week, and as Nomura’s Charlie McElligott notes, we should see a more stable / insulated and less “chase-y” trading environment which can engender further restoration of sentiment. <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> The bad news is coming though. McElligott warns that September poses… Read More
Aramco Asks Banks To Submit Proposals For Role In Mega IPO (Again)
Authored by Julianne Geiger via OilPrice.com, The Aramco IPO is one step closer to reality, with Saudi Arabia’s state-run oil company seeking proposals from banks who wish to fulfill various roles in the much-anticipated IPO, Reuters sources said on Monday. <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> The requests for proposals were sent a few days ago, the sources… Read More
"Don't Worry": Kremlin Denies Tampering With Nuclear Sensors That "Went Silent" After Blast
After on Monday The Wall Street Journal reported two Russian nuclear monitoring stations “went silent” following the August 8 ‘mystery explosion’ at a missile test site in Arkhangelsk, Russia, the Kremlin is now saying there’s nothing to worry about. That explosion involving a “small-scale nuclear reactor” believed part of an experimental hypersonic missile test had caused… Read More