Julien Ponthus

BNP Paribas Thrived In Q2, Shares Jump

French bank BNP Paribas reported better than expected profit in the second quarter after bad loan provisions dipped and business remained buoyant in both investment and retail banking, amid torrid global markets and an economic slowdown.

Dollar Rally Stalls, Rivals Pursue Tentative Comeback

The dollar eased for a third straight day on Tuesday as a jump in sentiment across global markets encouraged investors to reinvest in riskier currencies and trim bets on the safe haven greenback which hit a two-decade high last week.

Euro Extends Recovery As ECB Phases Out Stimulus

The euro on Thursday added to its overnight biggest daily jump since 2016 after the European Central Bank said it would phase out its stimulus package in the third quarter and left the door open to an interest rate hike before the end of 2022.

How A French Solo Trader Made A $6.6 Billion Unauthorized Bet

A self-employed trader in France accumulated stock futures worth $6.6 billion in a single day, trading records show, raising questions among investors about how he could build up such a large position despite having only 20,000 euros in his account.