Todays Markets

Economic Calendar
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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.
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Latest News Headlines
Bloomberg: Stocks Gain, Dollar Holds Advance, Italy in Focus: Markets Wrap
Asian stocks rounded out a volatile month with gains on Friday, with Japan’s Nikkei 225 Stock Average approaching its highest since 1991. Italy’s assets will be in focus after the country’s government set a wider budget deficit than some investors had anticipated. [more...]
Bloomberg: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal
Elon Musk is in jeopardy of losing control over the electric-car company he founded, with the Securities and Exchange Commission suing the billionaire for his explosive August tweet about taking Tesla Inc. private. [more...]
Bloomberg: Drone Hobbyists Angered by Congress Ending the Aerial Wild West
The Wild West days of unregulated recreational drones may be nearing an end. A bill close to passage in Congress would repeal the current exemption for hobbyists from regulations and for the first time require them to take a test before flying. [more...]
Bloomberg: Boss Wanted to Rig Libor as Others Do, Deutsche Bank Trader Says
A former Deutsche Bank AG employee said his boss was so frustrated that trading positions were undermined by competitors he believed were manipulating the benchmark Libor lending rate that he ordered subordinates to take steps to rig the measure in their favor. [more...]
Bloomberg: Crypto and Cannabis Are the Perfect Post-Crisis Bubbles
The economist John Maynard Keynes wrote: “The game of professional investment is intolerably boring and over-exacting to anyone who is entirely exempt from the gambling instinct; whilst he who has it must pay to this propensity the appropriate toll.” [more...]
Bloomberg: Brexit Starting to Loosen London’s Grip on Interest-Rate Swaps
When a bank or fund fails, LCH is the valve that protects the rest of the system. When Lehman Brothers collapsed, it had $9 trillion of outstanding swaps at LCH; the clearinghouse wound down the portfolio without using any of the collateral of its other member banks. Stability was preserved. [more...]
Bloomberg: Treasury Yields Just Turned Negative for Europe, Japanese Buyers
Benchmark 10-year Treasuries have rarely yielded more than their German counterparts -- but if you’re a euro-based investor, you’d be better off staying home. [more...]
Reuters: Nikkei hits 27-year high on strong dollar, Wall Street gains
Japan’s Nikkei hit a 27-year high on Friday, taking heart from a boost for the dollar after the Federal Reserve chairman said he did not expect a near-term recession, and strong gains on Wall Street overnight. [more...]
Reuters: Canada sticks to plan to stay at NAFTA talks despite Trump attack
Canada on Thursday shrugged off U.S. President Donald Trump’s criticism that talks to modernize NAFTA were moving too slowly and made clear it had to keep negotiating as long as there was a chance of success. [more...]
CNBC: SEC says Musk chose $420 price for Tesla shares because it's a pot reference
Tesla CEO Elon Musk picked $420 as the share price for possibly taking the company private in August because it is a reference to pot culture, the Securities and Exchange Commission (SEC) alleged on Thursday during a news conference. [more...]
CNBC: Elon Musk calls SEC fraud lawsuit 'unjustified,' says he acted in best interests of investors
Tesla CEO Elon Musk on Thursday called the SEC's allegations of fraud "unjustified" and said he acted in the best interests of investors. [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 Drop; Euro Falls on Italy Budget Worries: Markets Wrap
Stocks in Asia fell Thursday as investors took in the likelihood of further Federal Reserve interest-rate increases stretching into next year. The euro fell on a report that Italy may postpone a meeting on its 2019 budget plan. [more...]
Bloomberg: Fed Raises Rates and Says More Coming, Brushing Off Trump Jabs
Federal Reserve officials raised interest rates and cemented expectations for another hike this year as they reaffirmed that a strong U.S. economy will probably warrant further gradual increases well into 2019. [more...]
Bloomberg: This 24-Year-Old Built a $5 Billion Hotel Startup in Five Years
Finding clean, affordable hotels in India can be a traveler’s nightmare. Too often, what looks good on a website turns out to be a roach-infested room in a crumbling building where water has to be schlepped to the bathroom in a bucket. [more...]
Bloomberg: Crypto's Open Secret: Its Multibillion-Dollar Volume Is Suspect
Four months ago, BitForex was just one of many obscure exchanges offering users the ability to trade cryptocurrencies like Bitcoin. Today, the Singapore-based platform is regularly reporting daily transactions that exceed $5 billion -- nearly matching turnover on London’s 217-year-old stock exchange. [more...]
Bloomberg: Trump Says He Refused Meeting With Trudeau Over Trade Talks
President Donald Trump said he rejected a one-on-one meeting with Canadian Prime Minister Justin Trudeau at the United Nations General Assembly because he’s dissatisfied with trade negotiations with Ottawa.  [more...]
Bloomberg: The Fed’s New Dot Plot
Federal Reserve officials raised interest rates for a third time this year and reaffirmed their outlook for further gradual hikes well into 2019, risking fresh criticism from President Donald Trump. [more...]
Bloomberg: Morgan Stanley Says Traders Mispricing Fed at Both Ends of Curve
Morgan Stanley strategists reinforced their recommendation for a flattening U.S. yield curve, concluding that traders are currently mispricing the outlook for the Federal Reserve at both the short and long end. [more...]
Bloomberg: A Bullish Case Suddenly Builds for Unloved European Assets
Wherever you look, European markets are showing signs of emerging from the long shadows of Italian political risk and trade wars. [more...]
Reuters: China, NZ shrug off Fed, but FX risks seen pushing Philippines and Indonesia to hike
China and New Zealand sat tight after the Federal Reserve’s latest rate hike, but both Indonesia and the Philippines are expected to tap the policy brakes later on Thursday to prop up their battered currencies and temper financial risks. [more...]
Reuters: Fed raises U.S. interest rates, sees at least three more years of growth
The U.S. Federal Reserve raised interest rates on Wednesday and left intact its plans to steadily tighten monetary policy, as it forecast that the U.S. economy would enjoy at least three more years of growth. [more...]
CNBC: Another round of Trump tariffs could mean 'economic shock waves' for China
Key consumer tech products have so far mostly escaped the heat of the ongoing trade war. But if U.S. President Donald Trump makes good on his threat to impose tariffs on the full range of Chinese imports into his country, it could hit that sector hard, experts said. [more...]
CNBC: 'Billion Dollar Whale': An inside look at Jho Low and the 1MDB scandal
Malaysian businessman Jho Low is considered the mastermind of a multi-billion dollar financial scandal that involves a complex web of offshore shell companies, A-list celebrities, the Middle East and Wall Street. [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
Reuters: Fed likely to raise rates, possibly end 'accommodative' policy era
With the Federal Reserve widely expected to raise interest rates on Wednesday, financial markets are focused on whether signs of an acceleration in U.S. economic growth will prompt the central bank to ramp up the pace of monetary policy tightening. [more...]
Bloomberg: Stocks in Asia Mixed; Treasuries Steady Before Fed: Markets Wrap
Stocks in Asia traded mixed as traders awaited the Federal Reserve meeting. The dollar and U.S. Treasuries were steady, with yields near the seven-year highs reached in May. [more...]
Bloomberg: Instagram Founders Depart Facebook After Clashes With Zuckerberg
The founders of Instagram are leaving Facebook Inc. after growing tensions with Chief Executive Officer Mark Zuckerberg over the direction of the photo-sharing app, people familiar with the matter said. [more...]
Bloomberg: Trump Attacks OPEC Again, Demanding Cash for Military Protection
President Donald Trump resumed his attacks on OPEC, saying the cartel is pushing oil prices too high and demanding that some members start paying the U.S. for military protection. [more...]
Bloomberg: ETF Investors Are Buying Treasuries and Dumping Junk Bonds
Investors are pouring cash into exchange-traded funds that provide protection against the stock market turning sour as interest rates are set to rise again and trade tensions between the U.S. and China escalate. [more...]
Bloomberg: U.S. Oil Is Winning as Major Crude Buyer Works to Fill Iran Gap
After South Korea became the first of Iran’s major oil customers to reduce imports to zero under American pressure, the nation’s biggest refiner is seeking alternative supplies to fill the gap. [more...]
Bloomberg: India Is Cutting Imports of Iranian Oil to Zero in November
India isn’t planning to buy any Iranian oil in November, raising the prospect that Tehran will lose another major customer as U.S. sanctions hit and spurring speculation over whether China will follow suit. [more...]
Reuters: In a U.S. manufacturing hub, no illusions about tariffs and jobs
In a town where a 30-feet tall chair is the chief landmark, and which is synonymous with a U.S. furniture industry decimated over the years by imports from China, many greet the possibility of tariffs on Chinese goods with a shrug. [more...]
CNBC: Crypto industry leaders warn Congress: Figure out regulation, or watch innovation leave the US
More than 50 industry participants gathered on Capitol Hill for a roundtable discussion hosted by Rep. Warren Davidson, R-Ohio, Tuesday. Although attendees varied, none were from anti-establishment groups popular in the cryptocurrency space, nor did they include retail investors who bought bitcoin as a speculative bet. [more...]
CNBC: Trump tells UN General Assembly OPEC is 'ripping off' the world
President Donald Trump on Tuesday told a gathering of world leaders that OPEC is cheating them, bringing a grievance he has voiced throughout the year on Twitter to the halls of the United Nations headquarters. [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: Major Traders Are Talking About $100 Oil Again
Major oil trading houses are predicting the return of $100 crude for the first time since 2014 as OPEC and its allies struggle to compensate for U.S. sanctions on Iran’s exports. [more...]
Bloomberg: Merkel Warns Against Harsh Brexit Stance as Macron Doubles Down
German Chancellor Angela Merkel on Monday warned European Union leaders against taking an excessively harsh line with the U.K. over Brexit -- but French President Emmanuel Macron turned up the heat. [more...]
Bloomberg: Stocks Fall on Politics and Trade Risks; Oil Gains: Markets Wrap
Stocks slipped on growing concern about the outlook for global trade and U.S. politics. Oil rallied toward a four-year high. Industrial shares led the S&P 500 Index lower after China warned it won’t meet with American officials unless they stop threatening to expand tariffs. [more...]
Bloomberg: Trade War Reality Sets In as U.S and China Stick to Their Guns
The world’s two biggest economies are digging in for what could be a long and bruising trade war, testing the resilience of the strongest global upswing in years. [more...]
Bloomberg: Instagram Founders Exit Facebook as Zuckerberg Involvement Grows
The founders of Instagram are leaving Facebook Inc. after growing tensions with Chief Executive Officer Mark Zuckerberg over the direction of the photo-sharing app, people familiar with the matter said. [more...]
Bloomberg: BP Says Oil Spike May Prove Fleeting on U.S.-China Tensions
Oil bulls cheered by the prospect of $100 oil beware. A rally in prices may be short-lived. That’s according to Janet Kong, who heads energy giant BP Plc’s trading business in Asia. Any spike on the loss of Iranian supply due to U.S. sanctions probably won’t be sustainable in the long run, she said. [more...]
Bloomberg: Dollar Could Falter on Trade Tensions, Buoying Emerging Markets
The greenback may be poised to return to the doldrums seen early this year, according to Wells Fargo Investment Institute. Despite a boost since mid-April from an outperforming U.S. economy and Federal Reserve rate hikes, the dollar may start to falter in 2019 amid political risk and trade tensions. [more...]
Bloomberg: ECB's Draghi Sees Vigorous Pickup in Core Inflation; Euro Jumps
Mario Draghi said he sees a “relatively vigorous” pickup in underlying euro-area inflation, signaling that the European Central Bank is well on track to raise interest rates late next year. [more...]
Reuters: China says hard to proceed on trade with U.S. putting 'knife to its neck'
A senior Chinese official said on Tuesday that it is difficult to proceed with trade talks with the United States while Washington is putting “a knife to China’s neck”, a day after both sides heaped fresh tariffs on each other’s goods. [more...]
Reuters: Stocks struggle as U.S.-China trade row revives growth concerns; oil elevated
Asia stocks struggled on Tuesday as a fresh round of U.S.-China tariffs and a surge in oil prices to near four-year highs added to worries about risks to global growth. [more...]
CNBC: Brexit is going very wrong, but a snap election is the last thing the British public needs
Theresa May's Brexit negotiations with the European Union (EU) are going very, very wrong and there is speculation that the U.K. could be heading for a snap election — cue eyerolls and yawns nationwide.  [more...]
CNBC: China reveals its new party line: We're trying to save the world from the US
China hit out against the U.S. in a 71-page paper, accusing President Donald Trump's administration of "trade bullyism practices" that have become "the greatest source of uncertainty and risk for the recovery of the global economy.".  [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: Asian Stocks Slip With U.S. Futures on Trade Woes: Markets Wrap
Stocks in Hong Kong fell with U.S. equity futures and the Australian dollar after China called off planned trade talks with U.S. officials, potentially triggering an escalation in the protracted tariff war between the world’s two-biggest economies. [more...]
Bloomberg: Dollar Break With Yields Prompts Concern U.S. Has Funding Issue
Not since the 1980s have U.S. Treasuries had such handsome yield premiums over their German counterparts. Yet that’s not helping the dollar, in a disconnect that’s raising concern about the international willingness to finance American borrowing. [more...]
Bloomberg: Trump’s Next Tariff Barrage Ready to Roll as China Scraps Talks
The U.S. and China are hours away from a new round of tariffs on each other’s goods, with no improvement in relations between the two rivals in sight. [more...]
Bloomberg: Trump's Overconfidence May Bring 'Major Miscalculation': JPMorgan
JPMorgan Chase & Co. strategists are starting to make forecast and strategy changes around the potential that President Donald Trump gets so overconfident in the robust economy and markets that he makes a “major miscalculation." [more...]
Bloomberg: China Says No Trade Talks as Long as Trump Threatens More Tariffs
China said talks to resolve the impasse over trade with the U.S. can’t happen as long as President Donald Trump keeps threatening to impose further tariffs. [more...]
Bloomberg: OPEC Gives Tepid Response to Trump's Demand for Lower Oil Prices
U.S. President Donald Trump’s demand that OPEC take rapid action to reduce oil prices got a tepid response, with the group saying it would boost output only if customers requested it. [more...]
Bloomberg: Brexit Silence Is Corbyn’s Gamble On a Bigger Prize
Jeremy Corbyn talks a lot about struggling households, how banks are too powerful and why some industries should be nationalized. The avowed socialist even held court at a television festival last month with his views on how to rein in tech giants and media moguls. [more...]
Reuters: Fed hikes give cash appeal; stocks no longer only game in town
The U.S. Federal Reserve’s anticipated interest rate hike this week will make cash the most attractive it has been in about a decade and end the era of stocks as the only game in town. [more...]
Reuters: Asian shares wobble on fear of long U.S.-China trade war; oil rallies
Asian shares stumbled in holiday-thinned trading on Monday as China’s decision to cancel talks with the United States reinforced fears of a protracted trade war with neither side willing to back down. [more...]
CNBC: Sky to accept Comcast offer 'immediately'
U.K. broadcaster Sky has accepted an offer from Comcast for a $39 billion takeover, the company said in an official statement Monday. "As the price of the Comcast Offer is materially superior, it is in the best interests of all Sky shareholders to accept the Comcast Offer," the company said. [more...]
CNBC: Oil prices would be 'cheaper' if Trump would stop tweeting, Iran official saysPresident Donald Trump's tweeting habits are lifting oil prices, and the U.S. leader should stop posting on social media to alleviate the spike in prices, according to one Iranian official. [more...]