Todays Markets

Economic Calendar
Image
Trading Sentiment
Below is the latest sentiment as compiled by etoro, the world's largest (social) trading network. It provides a view of what individual investors think about the specific instruments and gives a view of the current sentiment.
Image
Latest News Headlines
Bloomberg: Coca-Cola Digs Into Coffee With $5.1 Billion Costa Purchase
Coca-Cola Co. agreed to buy the U.K. chain Costa Coffee for 3.9 billion pounds ($5.1 billion), stepping into a battle with Nestle SA and Starbucks Corp. as it gains a global brand in hot drinks. [more...]
Bloomberg: U.S. Stocks Fall on Trump Plan for China Tariffs: Markets Wrap
U.S. equities slumped as President Donald Trump was said to move ahead with a plan to impose new tariffs on China as soon as next week. Emerging-market assets tumbled and the dollar rallied as traders sold riskier assets amid turmoil in Argentina and Turkey.  [more...]
Bloomberg: Widely Used Diabetes Drug Can Cause Flesh-Eating Genital Infection
The U.S. Food and Drug Administration is warning doctors and patients that some widely used diabetes drugs may, in some rare cases, cause a flesh-eating bacterial infection of the genitals. [more...]
Bloomberg: Asian Stocks Mixed on Tariff Plan; Yen Holds Gains: Markets Wrap
Asian stocks were mixed on the final trading day of the month as President Donald Trump’s plans to impose new tariffs on China and renewed turmoil in emerging markets weighed on investor sentiment. Treasuries, the dollar and the yen held on to gains. [more...]
Bloomberg: Another Tencent Drop Leaves Dip Buyers Questioning Elusive Rally
Tencent Holdings Ltd.’s equity bulls keep facing so many setbacks these days that you wonder when its loyal shareholders will cave. [more...]
Bloomberg: August Turns Ugly for Emerging Markets as Currency Crises Spread
Emerging-market assets are headed for a monthly loss as declines in Argentina and Turkey sparked fears of global contagion and amid a renewed intensification of U.S.-China trade tensions. [more...]
Bloomberg: Buffett Buys More Apple, Says iPhone Is ‘Enormously Underpriced’
The Oracle of Omaha is adding to his already large stake in Apple Inc. Warren Buffett, 88, likes the technology giant because of its devoted customers, and has built up his stake in the company by “just a little” since his last regulatory filing, he said Thursday in an interview with CNBC. [more...]
Bloomberg: Rand Price Swings Now Wilder Than During ANC Power Struggle
The rand is behaving more erratically this month than it did during the height of the power struggle between Jacob Zuma and Cyril Ramaphosa in December. [more...]
Reuters: U.S., Canada make late-night push for NAFTA; no deal yet
Top NAFTA negotiators from Canada and the United States wrapped up a third day of two-way talks on Thursday, agreeing to meet the next day to resolve final differences before a deadline, with Mexican counterparts on standby to rejoin negotiations. [more...]
Reuters: Turkish lira steady against dollar; eyes on central bank
The Turkish lira was steady against the dollar on Friday, having tumbled a day earlier on reports that the central bank deputy governor and rate-setter Erkan Kilimci was leaving the bank. [more...]
CNBC: 'Urgency' for Asia Pacific mega trade deal as the US mulls $200 billion tariffs on China
While the administration of U.S. President Donald Trump is considering slapping another $200 billion in tariffs on Chinese goods, 16 economies in Asia Pacific are racing to conclude a mega trade deal that would become the largest trading bloc in the world. [more...]
CNBC: Argentine peso and Turkish lira crash, putting pressure on emerging markets worldwide
Emerging markets were rattled again, with the Argentine peso, Turkish lira and Indonesian rupiah tumbling overnight. The negative sentiment is set to weigh on other Asian currencies, although they will remain fairly resilient to the impact, analysts say. [more...]

Todays Markets

Economic Calendar
Image
Trading Sentiment
Below is the latest sentiment as compiled by etoro, the world's largest (social) trading network. It provides a view of what individual investors think about the specific instruments and gives a view of the current sentiment.
Image
Latest News Headlines
Bloomberg: Pound Climbs to Three-Week High as Barnier Pledges Unique Deal
The pound rallied above $1.30 as investors turned more optimistic on the chances of a Brexit deal before the U.K. exits the European Union in March. [more...]
Bloomberg: Stock Rally Fizzles in Asia; Dollar Heads Higher: Markets Wrap
Stock gains in Asia evaporated, despite another fresh record from their U.S. counterparts, as trade and geopolitical issues continued to simmer. The dollar advanced and Treasury yields were little changed. [more...]
Bloomberg: The 20-Hour Flight Is Coming. And It May Have a Gym and Bunks
The goal of a nonstop flight from Sydney to London -- half the way around the planet -- took a leap forward as the world’s top planemakers convinced Qantas Airways Ltd. they can make the 20-hour route a reality. [more...]
Bloomberg: Short Bets on World’s Biggest Tech Stocks Surge to $37 Billion
Short positions against the so-called FAANG group of the largest U.S. technology stocks have surged by more than 40 percent in the past year as investors bet against some of the biggest drivers of the global bull market. [more...]
Bloomberg: Melt-Up on the Mind as U.S. Stock Advance Hits Euphoria
U.S. stocks took the stairs during the six-month slog back from February’s market correction. Signs are mounting that investors expect them to ride the elevator even higher. [more...]
Bloomberg: Amazon Closes In on $1 Trillion With Morgan Stanley's Blessing
Amazon.com Inc. is headed for its biggest gain in four months, pulling within $26 billion of becoming America’s second trillion-dollar company, after Morgan Stanley said sales growth remains strong. [more...]
Reuters: Trump and Trudeau upbeat about prospects for NAFTA deal by Friday
The leaders of the United States and Canada expressed optimism on Wednesday that they could reach new NAFTA deal by a Friday deadline as negotiators prepared to talk through the night, although Canada warned that a number of tricky issues remained. [more...]
Reuters: Oil prices edge up on decline in U.S. fuel inventories, looming Iran sanctions
Oil prices inched up on Thursday, extending solid gains from the previous session on a fall in U.S. crude inventories and expected disruptions to supply from Iran and Venezuela. [more...]
CNBC: India's rupee falls to an all-time low
The Indian rupee fell to a record low on Thursday morning, following a declining trend all year — which economists attributed to rising oil prices, broader emerging market concerns, and strong month-end dollar demand. [more...]
CNBC: No profit? No problem. Investors keep snapping up loss-making companies
Profits are crucial to the growth of any company, but some of the biggest names in business today have yet to make money. Publicly-listed companies like electric carmaker Tesla and music streaming firm Spotify make billions in losses. [more...]

Todays Markets

Economic Calendar
Image
Trading Sentiment
Below is the latest sentiment as compiled by etoro, the world's largest (social) trading network. It provides a view of what individual investors think about the specific instruments and gives a view of the current sentiment.
Image
Latest News Headlines
Bloomberg: Stocks in Asia Pause After Rally; Treasuries Gain: Markets Wrap
Stocks in Asia struggled for direction after the recent rally as investors assessed the latest developments on the Trump administration’s trade policies. The dollar nudged higher and Treasury yields dipped. [more...]
Bloomberg: Five Things You Need to Know to Start Your Day
U.S. stocks maintain their record run, while foreigners flee Japanese shares. Here are some of the things people in markets are talking about. [more...]
Bloomberg: Trump’s Focus on Mexico Trade Dashes Hope for Quick Progress on China
The Trump administration is putting trade negotiations with China on the back burner while focusing first on resolving issues in the North American hemisphere, reaching a breakthrough agreement between the U.S. and Mexico. [more...]
Bloomberg: China Traders Sell Record Hong Kong Stocks as Tencent Stings
Chinese investors have dumped Hong Kong stocks at a record clip this month, as the city’s equity benchmark tumbled to its lowest in a year. [more...]
Bloomberg: Your Dovish Take on Powell Is Wrong, Goldman Tells Bond Traders
Goldman Sachs Group Inc. is telling traders to be wary of reading Federal Reserve Chairman Jerome Powell’s comments last week as dovish for the path of interest rates. [more...]
Bloomberg: Musk's Rants Rekindle Concern About CEO's Troublesome Tweeting
Just days after hastily abandoning a short-lived exploration of taking Tesla Inc. private, Elon Musk returned to Twitter to showcase the impulsiveness that has raised the eyebrows of investors and regulators alike lately. [more...]
Bloomberg: Bitcoin Posts Longest Rally in a Month as Charts Turn Bullish
Bitcoin advanced for a fourth day, exceeding $7,000 in its longest winning streak in more than a month, and with momentum indicators suggesting the rally has further to run. [more...]
Reuters: Canada rejoins NAFTA talks as U.S. autos tariff details emerge
Canada’s top trade negotiator praised Mexico’s trade concessions on autos and labor rights on Tuesday as she rejoined NAFTA talks, while U.S. lawmakers warned that a bilateral U.S.-Mexico trade deal would struggle to win approval in Congress. [more...]
Reuters: Turkish lira falls further on uncertainty over U.S. row
The Turkish lira weakened further on Wednesday due to uncertainty about any progress regarding the rift between Turkey and the United States. [more...]
CNBC: The trade war won't cause any 'major' hit to China's economy, Morgan Stanley says
The Chinese government will continue implementing measures in order to cushion its economy from the impact of the ongoing trade spat with the U.S., a leading China economist said Wednesday. [more...]
CNBC: Stocks say China's economy is in bad shape. Steel prices tell a very different story
Steel prices have diverged from China's falling stock market, indicating the world's second-largest economy is more resilient than many fear. [more...]

Todays Markets

Economic Calendar
Image
Trading Sentiment
Below is the latest sentiment as compiled by etoro, the world's largest (social) trading network. It provides a view of what individual investors think about the specific instruments and gives a view of the current sentiment.
Image
Latest News Headlines
Bloomberg: Stock Rally in Asia Peters Out; Dollar Recovers: Markets Wrap
A rally in Asian stocks stalled and U.S. futures pared gains as the Trump administration dented hopes of an agreement with China on tariffs after it said it was negotiating a bilateral trade deal with Mexico. The dollar recovered against major peers. [more...]
Bloomberg: Apple to Embrace iPhone X Design With New Colors, Bigger Screens
Apple Inc. is not only doubling down on the iPhone X, it’s tripling down. The world’s most valuable company plans to launch three new phones soon that keep the edge-to-edge screen design of last year’s flagship, according to people familiar with the matter.  [more...]
Bloomberg: U.S. Stocks Set Records, Peso Rises on Trade Pact: Markets Wrap
U.S. stocks rose to fresh all-time highs and Mexico’s peso rallied versus the dollar as the Trump administration closed a bilateral trade deal with America’s southern neighbor. Treasuries fell. [more...]
Bloomberg: May Signals Brexit No-Deal Not End of World
The U.K. can still make a success of Brexit if it tumbles out of the European Union without a deal, Prime Minister Theresa May said, striking an upbeat tone as the clock ticks down on Britain’s departure from the bloc. [more...]
Bloomberg: As U.S.-China Trade War Grows, Europe Tries to Defuse a Crisis
In the shadow of an escalating trade war, momentum is picking up to protect the World Trade Organization from turning irrelevant. The European Union will host trade ministers from the U.S. and Japan next month in Brussels, according to two officials with knowledge of the meeting.  [more...]
Bloomberg: China Gets Another Shot at Mideast Energy After Total Leaves Iran
Total SA’s withdrawal from Iran’s giant South Pars gas field has given China another chance to secure a stake in the world’s most coveted energy assets: abundant and low-cost Middle Eastern oil and gas. [more...]
Bloomberg: GAM Expects to Return Up to 87% of Liquidated Funds to Investors
GAM Holding AG said it obtained approvals to start winding down bonds funds and plans to make the first payments in September after the surprise suspension of a top manager triggered massive redemption requests. [more...]
Bloomberg: Loonie Gains at Risk as Eyes Turn from Nafta to the Bank of Canada
he next few weeks are looking bad for the CAD, even as Canada looks like it’s about to rejoin Nafta talks, according to Toronto-Dominion Bank. The Canadian dollar gained about 0.4 percent after the U.S. and Mexico reached a bilateral deal to revamp the North American Free Trade Agreement. [more...]
Reuters: U.S., Mexico reach NAFTA deal, turn up pressure on Canada
The United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA), putting pressure on Canada to agree to new terms on auto trade and dispute settlement rules to remain part of the three-nation pact. [more...]
Reuters: Turkish lira weakens against dollar, minister warns on sanctions
The Turkish lira weakened on Tuesday as investors weighed up Turkey’s efforts to manage its rift with the United States after Finance Minister Berat Albayrak warned that U.S. trade sanctions against Ankara could destabilise the Middle East. [more...]
CNBC: The US-Mexico trade deal may be bad news for China, experts say
Now that U.S. President Donald Trump has bagged a political victory in the form of a trade deal with Mexico, the country's ongoing dispute with China looks set to drag on, experts said. [more...]
CNBC: US and Mexico reach a trade deal, paving the way to replace NAFTA
The U.S. and Mexico struck a trade deal on Monday that paved the way to replace NAFTA, the current agreement between the two nations and Canada. [more...]

Todays Markets

Economic Calendar
Image
Trading Sentiment
Below is the latest sentiment as compiled by etoro, the world's largest (social) trading network. It provides a view of what individual investors think about the specific instruments and gives a view of the current sentiment.
Image
Latest News Headlines
Bloomberg: Stocks Mixed; Dollar Slips Before Jackson Hole: Markets Wrap
Asian stocks traded mixed Friday as U.S.-China trade negotiations produced no breakthrough, while the dollar slipped ahead of an address from Federal Reserve chairman Jerome Powell. [more...]
Bloomberg: Will the Market Crash If Trump Is Impeached? Here's What Analysts Say
How seriously should people take Donald Trump’s claim that stocks would crash if he were kicked out of office? As you mull over an answer, consider what someone in the other party would say. [more...]
Bloomberg: Elon Musk Hires Morgan Stanley to Help Take Tesla Private
Elon Musk has hired Morgan Stanley to assist him in his potential bid to take Tesla Inc. private, according to a person familiar with the matter. [more...]
Bloomberg: U.S.-China Talks Draw a Blank, Bringing Fresh Tariffs Into View
The trade war between the U.S. and China is primed to escalate after their governments failed to make progress in two days of talks. The two sides had met with low expectations for this week’s meetings and no further talks had been scheduled, a person familiar with the discussions said. [more...]
Bloomberg: Australian Dollar May Be En Route to 70 Cents
Australia’s dollar is seen dropping to a more than two-year low of 70 U.S. cents as infighting in the ruling party threatens to create policy paralysis. The Aussie tumbled as much as 1.5 percent Thursday as Prime Minister Malcolm Turnbull fought to stave off a challenge from the conservative wing of his own party.  [more...]
Bloomberg: Hong Kong Intervenes Again to Defend Peg as Dollar Advances
Hong Kong intervened again to defend its currency peg as the greenback rallied after U.S.-China trade talks yielded no progress. The Hong Kong Monetary Authority bought HK$1.77 billion ($225 million) during New York trading hours on Thursday, according to the de facto central bank’s page on Bloomberg.  [more...]
Bloomberg: South Africa Says Trump's Land Tweet Serves to Polarize Debate
South Africa’s Department of International Relations and Cooperation said it met with a representative from the U.S. Embassy and expressed its disappointment with Washington’s failure to use available diplomatic channels about land reform in the country. [more...]
Bloomberg: Venezuela Currency Chaos So Bad, There's an App to Lop Off Zeros
Confused by Venezuela’s re-denomination of the bolivar this week, which lopped off five zeros from the currency to cope with a bout of hyperinflation? There’s an app for that. [more...]
Reuters: Asia slips after U.S.-China trade talks end without progress
Asian stocks fell on Friday after U.S.-China trade talks ended without progress and market focus shifted to a speech by the Federal Reserve chairman for fresh clues on the direction of U.S. monetary policy. [more...]
Reuters: Exclusive: China to keep hitting back at U.S. over trade, to boost government spending - finance minister
China will keep hitting back at Washington as more U.S. trade tariffs are imposed, but its counter-strikes will remain as targeted as possible to avoid harming businesses in China - whether Chinese or foreign, Finance Minister Liu Kun said. [more...]
CNBC: US industry leader on tariffs: 'Prices will go up, sales will go down, jobs will be lost'
U.S. tariffs on Chinese imports will simply mean that American consumers have to pay higher prices for products down the road, an industry association leader said on Friday. [more...]
CNBC: Why the 4-day workweek might be closer than you think — and the 10 careers best suited to it
How would you like a four-day workweek? It may sound like a trick question, but it could become an increasingly common one as employers look for alternative ways to attract staff and boost productivity. [more...]