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Financial Markets Closing

08/29/2012 19:39:00 By Peter Milosheff, viewed 685 times.
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US GDP’s grew at a 1.7% annual rate from April through June, up from an initial estimate of 1.5%. Stated in its Beige Book survey that the U.S. economy continues to expand “gradually.”

Scotiabank to buy ING Direct for $3.16 Billion to increase retail deposits.

Barclays faces U.K. criminal probe over fees it paid Qatar’s sovereign wealth fund in 2008 as it sought to raise money and avoid a government bailout.

Equities:
DJIA: 13,107 (+0.03%)
S&P500: 1,410 (+0.08%)
Nasdaq: 3,081 (+0.13%)
EuroStoxx: -0.32%
Nikkei: +0.40%
Hang Seng: -0.12%

Lyondellbasell to replace Sears in S&P500 after September 4th close.

Commodities:
WTI Crude: 95.49 (+0.90%)
Nat Gas: -1.50%
Copper: -0.79%
Corn: -0.66%

FX:
EURUSD: 1.253 (-0.28%)
DXY Dollar Index: 81.551 (+0.22%)

Rates:
U.S. 10y: 1.6506% (+1.7bp)
German 10y: 1.38% (+4bp)
Spanish 10y: 6.463% (-1.5bp)
Italian 10y: 5.769% (-6bp)

 

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Peter Milosheff

acquired Bronx.com in March, 2005 and manages the sites content and operations. Prior to acquiring Bronx.com Mr. Milosheff worked in the area of corporate finance for Christie's New York, Prada, Pfizer, Deutsche Bank and Fortis Bank. At Moody's Investors Service and Deutsche Bank he worked in the areas of structured products revenue accounting and asset management, respectively. At Fortis Bank he worked in the area of structured credit origination and trading. Peter began his career at age 17 in Sofia, Bulgaria, EU, where he established his private educational advising agency Endeavour, providing service to Bulgarian students interested in continuing their education abroad, and especially in the US. While managing most aspects of Bronx.com's operation and delegating others, he continues his career at a Wall Street financial services company (a major European bank) in the area of flow credit derivatives trading. Mr. Milosheff received a Bachelor of Science in Business Administration degree from Slippery Rock University of Pennsylvania in the Spring of 2002. He graduated Cum Laude with a major in Finance.