Latest news with #Brennan
Irish Daily Mirror
5 hours ago
- Sport
- Irish Daily Mirror
Louth boss Brennan on not getting the rub of the green with referee decisions
Ger Brennan says he's twice seen his Louth outfit on the receiving end of decisions against sides - but he's confident that won't happen against Donegal at Ballybofey tomorrow with Barry Cassidy in charge. Derry official Cassidy will take charge of the MacCumhaill Park All-Ireland preliminary quarter-final tie with the winner going to Croke Park next weekend and the loser's season over. Brennan, speaking to LMFM, outlined that Louth's Division 2 loss to Donegal last year at Ballyshannon and their All-Ireland group stage defeat by Kerry at Portlaoise later that season were games he felt the Wee County were hard done by. The match official for the Donegal game was Roscommon's Paddy Neilan, while the Kerry game was refereed by Conor Lane of Cork. 'I certainly rarely would whinge about referee's decisions as players have to be accountable for their own errors first and foremost and referees are only human,' said Brennan. 'There were certainly a lot of hometown decisions awarded in that league game in Ballyshannon last year. 'In looking towards this game in Ballybofey, in one way it's interesting that a Derry referee has been appointed to look after the game. 'But when I heard it's Barry Cassidy, you are confident with someone with Barry Cassidy's experience that he is not going to be overawed consciously or subconsciously by the Ballybofey crowd and that he will give Louth a fair crack of the whip. 'Again, I think I have a bit of credit built up in the bank over the last couple of seasons by not giving out about referees. 'When Louth played Kerry last year in the group stages of the All-Ireland, we were competitive. 'We were pushing hard and it's almost as if referees subconsciously - and people outside the group of Louth senior footballers - they can't believe that Louth are being so competitive and this shouldn't happen. 'And all of a sudden some big game decisions are going against you, or the opposition are getting away with rougher challenges, which Louth players are being punished for. 'I suppose I've seen that on two occasions in particular in my time so far with Louth, last year with Kerry in the group stages of the All-Ireland and certainly in the second half last year in Ballyshannon. 'But again, happy to see you have someone with Barry Cassidy's experience, that he is not going to be influenced by the Donegal sideline and Donegal supporters and that he's going to give Louth and the Donegal players a fair crack of the whip.'
Mint
15 hours ago
- Business
- Mint
Currency Traders Are Ditching Dollar for Euro on Options Bets
(Bloomberg) -- The euro is taking on a bigger role in the global currency options market as traders skirt around the dollar given the risks from unpredictable US policy and a global trade war. There's been a shift in trading volumes. Around 15% to 30% of contracts tied to the dollar versus major currencies were switched to the euro, looking at data from the Depository Trust & Clearing Corporation for the first five months of this year versus the final five months of 2024. There are also signs the euro is being used as a haven — traditionally the dollar's role — and for bets on big moves. While deals involving the dollar still dominate in the $7.5 trillion-a-day currency market, this could be early evidence that the greenback is facing greater competition as the world's reserve currency. Traders are sidestepping the dollar after its biggest slump in years, with Europe's common currency looking like a key beneficiary as the region's markets benefit from billions in government stimulus spending. 'If we're moving to an environment in which the European flow story is more important, then we could be moving to an environment in which it's euro pairs which are driving everything,' said Oliver Brennan, options strategist at BNP Paribas SA. So far this year, Europe's common currency has rallied 11% against the dollar, hitting its highest since 2021 at above $1.16. Meanwhile the dollar has slid against every major currency, with a gauge down over 7% to its lowest since 2022. That's undermining trust in US assets. And the slump may not be over yet. Hedge fund heavyweight Paul Tudor Jones just predicted another 10% drop for the dollar over the next year. Risk reversals, a gauge of options sentiment, are becoming increasingly negative on the dollar against the yen, whereas they are turning less bearish on euro-yen — a 'really important signal' on the euro for Brennan. As markets question the dollar's stability, implied volatility in the euro against the yen is looking the calmest in nearly four years relative to swings between the greenback and Japanese currency. 'The market is thinking that dollar-yen will be more volatile than euro-yen in a negative market shock, which is the opposite to how the market has traded these events in the past,' said Brennan. 'If that's the thinking, then it means the market sees the euro as more of a safe haven than the dollar.' The cost of options is also a driver, said Ben Ford, currency strategist at Macro Hive. While implied volatility generally has eased after spiking in April's market chaos, it stands at nearly 11% over three months for dollar-yen, compared with under 9% for euro-yen. 'The market is finding cheaper ways to express its view, especially given the view is probably for euro outperformance,' Ford said. Traders also seem to be favoring the euro over the dollar when it comes to hedging or betting on big directional moves on the yen. That's evident in so-called 10-delta fly spreads, a gauge of demand for outsized swings, where the gap between euro-yen and dollar-yen has been steadily widening since April. Of course, the dollar has been written off many times before. Just at the start of this year, the euro was languishing near parity with the greenback, with many investors certain the common currency's value would fall below its US peer. Instead Trump's April's tariff announcements saw investors dump dollar assets. While US stocks have recovered since then, the dollar risk premium remains elevated, and it may require a return to US exceptionalism to reverse the trend, according to Tanvir Sandhu, chief global derivatives strategist at Bloomberg Intelligence. Meanwhile the European Central Bank's President Christine Lagarde has called on policymakers to seize the moment and increase the euro's global profile. 'There's a push and a pull — the pull has been that there's potentially more safe assets to buy in Europe and more growth expectations in Europe,' said BNP's Brennan. 'And the push has been tariff uncertainty, risks to US exceptionalism, and the macro story.' More stories like this are available on
Cision Canada
a day ago
- Business
- Cision Canada
Sun Life appoints Brennan Kennedy as new Chief Actuary Français
TORONTO, /CNW/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) is pleased to announce the appointment of Brennan Kennedy as Senior Vice-President and Chief Actuary, effective October 4, 2025. Brennan is currently Sun Life's Senior Vice-President of Global Asset Liability Management. In his new role, Brennan will provide leadership, direction and vision for the actuarial functions across the organization with a focus on talent development, leading-edge technology solutions, innovations and thought leadership in support of Sun Life's strategic imperatives and Client Impact Strategy. He will partner closely with business groups and corporate functions to apply actuarial best practices to valuation, reporting, product development and pricing activities to ensure compliance with regulatory requirements and industry standards. Brennan is a seasoned leader with more than 26 years of deep experience and expertise at the organization. He has held progressively senior roles across the business in Actuarial, Risk Management, Finance and Asset Liability Management functions since joining in 1998. Brennan holds a Bachelor of Mathematics from the University of Waterloo and is a Fellow of the Canadian Institute of Actuaries and the Society of Actuaries. "I'm thrilled to have Brennan step into this critical role. I'm confident his leadership will continue to drive success for Sun Life," said Tom Murphy, Executive Vice-President and Chief Risk Officer. "His deep expertise and forward-thinking approach will be instrumental in supporting our continued growth and strengthening our actuarial capabilities as the industry evolves." Brennan succeeds Kevin Morrissey, Senior Vice-President and Chief Actuary, who will retire after an illustrious 37-year career with Sun Life on October 3, 2025. Over the next few months, Kevin will support Brennan in his onboarding to the Chief Actuary role until his retirement. Kevin began his career with Mutual Life of Canada in 1988, which eventually became Clarica, which was later acquired by Sun Life in 2002. Throughout his tenure, Kevin progressed through various leadership roles across Finance, Risk Management and Actuarial. He has served in his current role of Senior Vice-President and Chief Actuary since 2016. "On behalf of our Board of Directors and our Global Leadership Team, I'd like to thank Kevin for his leadership and tremendous contributions to Sun Life and wish him well in his retirement," added Murphy. "For the past two decades, Kevin has proved to be a key partner in helping Sun Life navigate various external economic challenges and maintain its resiliency. As the guiding light for our Global Actuarial Community, he has always led by example." About Sun Life Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the U.S., the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March 31, 2025, Sun Life had total assets under management of $1.55 trillion. For more information, please visit Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.
Business Insider
2 days ago
- Business
- Business Insider
Horizon Minerals Ltd (I6R) Receives a Buy from Petra Capital
Petra Capital analyst David Brennan maintained a Buy rating on Horizon Minerals Ltd (I6R – Research Report) today and set a price target of A$0.12. The company's shares closed last Monday at €0.02. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Brennan covers the Basic Materials sector, focusing on stocks such as Meeka Gold Limited, Black Cat Syndicate Ltd., and Astral Resources NL. According to TipRanks, Brennan has an average return of 9.4% and a 59.43% success rate on recommended stocks. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Horizon Minerals Ltd with a €0.07 average price target.
Business Insider
2 days ago
- Business
- Business Insider
Jefferies analysts hold an analyst/industry conference call
EMEA Software & IT Services Analysts Brennan and Agarwal, along with a platinum Dassault reseller of Catia, discuss the latest Gen7 product release as well as current macro-momentum on an Analyst/Industry conference call to be held on June 25 at 10 am. Webcast Link Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
