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: It’s Official—Cannabis Is the New Crypto
Marijuana Inc. is making more headlines than Crypto Corp. as the stocks of companies linked to the cannabis craze get caught up in a mania that’s sent prices surging. [more...]
Bloomberg: Ripple Plan to Use XRP Sends Cryptocurrency Soaring
XRP, the cryptocurrency commonly referred to as Ripple, has surged as much as 43 percent this week amid optimism that it will serve as the means of exchange in a new payment service being developed by Ripple Labs Inc. [more...]
Bloomberg: Friday Is Going to Be a Huge Day for Stock Traders
Buckle up, traders. Two major market events that have the potential to send U.S. equity volumes sky-high will collide Friday.
The first is the quarterly event known as “quadruple witching” -- when futures and options on indexes and individual stocks expire. [more...]
Bloomberg: Asia Stocks Build on Rally; Hong Kong Dollar Jumps: Markets Wrap
Stocks in Asia are set to cap the strongest two-week rally since February as investors take in evidence that escalating trade tensions have yet to hurt global growth and China’s moves to support its expansion. [more...]
Bloomberg: Emirates Seeks Etihad Takeover to Create World’s Largest Airline
Dubai’s flagship airline Emirates is looking at taking over unprofitable neighbor Etihad, according to four people familiar with the matter, in a move that would create the world’s biggest carrier by passenger traffic. [more...]
Bloomberg: China Plans Broad Import Tax Cut as Soon as October
China is planning to cut average tariff rates on imports from the majority of its trading partners as soon as next month, two people familiar with the matter said, in a move that would lower costs for consumers as a trade war with the U.S. deepens. [more...]
Bloomberg: S&P, Dow Soar to Record Highs as Trade Fears Abate: Markets Wrap
U.S. stock benchmarks reached new highs Thursday on news from China about tariff and currency moves that could ease trade tensions. Treasury yields remained near their highest level this year. The dollar slid. [more...]
Bloomberg: Bitcoin ETFs Delayed Again as SEC Seeks Comment on Fund Proposal
The wait for an exchange-traded fund that invests in Bitcoin likely continues with U.S. regulator seeking comments on a listing request. [more...]
Bloomberg: What Happened This Week in the World Economy and What It Means
We might now have ourselves a veritable trade war, as the U.S. and China are set to enact crippling duties on almost $300 billion total in each other’s goods. [more...]
Blomberg: Oversold Rupee to Rise as Oil Peaks, Biggest India Bank Says
India’s rupee may be set to recover as oil peaks out and investors realize the currency has been sold off too heavily amid the emerging-market rout, State Bank of India says. [more...]
Bloomberg: Dollar Traders See the Fed’s Next Rate Hike as a Big Sell Signal
When a nation’s central bank raises interest rates, it’s often a bullish sign for the currency. Not so in the U.S., where expectations for a Federal Reserve rate hike next week are flashing sell signals for the dollar. [more...]
Reuters: Fed's Powell between a rock and hard place: Ignore the yield curve or tight job market?
Unemployment near a 20-year low screams at the U.S. Federal Reserve to raise interest rates or risk a too-hot economy. The bond market, not far from a state that typically precedes a recession, says not so fast. [more...]
Reuters: Goldman: Stronger dollar unlikely to derail bullish view on commodities
Goldman Sachs said a stronger dollar is unlikely to derail its bullish view on commodities, which are likely to find support from physical shortages. [more...]
CNBC: JPMorgan: An economic cold war may be coming
The last several months of tit-for-tat tariffs between the U.S. and China may only be the beginning of a prolonged economic conflict. Stock markets in both countries have climbed this week despite fresh tariff announcements. [more...]
CNBC: Former Google CEO predicts the internet will split in two by 2028 — and one part will be led by China
Eric Schmidt, who has been the CEO of Google and executive chairman of its parent company, Alphabet, predicts that within the next decade there will be two distinct internets: one led by the U.S. and the other by China. [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 Meander as Treasury Yields Hug 3%: Markets Wrap
A rally in Asian stocks weakened on Thursday as rising U.S. Treasury yields threatened to pose a fresh test for equity investors. The dollar maintained declines against most major peers and oil extended gains. [more...]
Bloomberg: Fortunes Made and Lost on Weed in Wildest Single Day of Trading
In perhaps the wildest day yet for the nascent Weed Inc., shares in Tilray took a ride reminiscent of the Bitcoin craze and even the height of the dot-com bubble. [more...]
Bloomberg: Trump's Early Trade-War Advantage May Be Slipping by the Day
President Donald Trump may find it harder to claim victory over China the longer his trade war runs, even as he points to America’s ebullient economy and stock market as evidence he’s winning for now. [more...]
Bloomberg: Hackers Steal $60 Million From Japanese Crypto Exchange Zaif
Hackers stole $60 million of digital coins from a Japanese exchange, the latest in a string of thefts that have kept many institutional investors wary of putting their money in cryptocurrencies. [more...]
Bloomberg: The Pot Rally Just Minted Three New Billionaires
The first private equity firm focused exclusively on the cannabis industry has spawned three billionaires. Brendan Kennedy, Michael Blue and Christian Groh founded Seattle-based Privateer Holdings Inc. in May 2010 and the firm later invested in Canadian pot firm Tilray Inc., whose market value topped $21 billion Wednesday after surging more than 1,200 percent in the past two months. [more...]
Bloomberg: The Hype Around Pot Stocks Is Catching Up to the Crypto Craze
Crypto stocks were all the rage last year, until they weren’t. Will cannabis companies meet the same fate? Shares of Tilray Inc. have rallied more than 1,000 percent since the Canadian pot firm went public in July, leaving some of the most hyped digital-currency companies in the dust. [more...]
Bloomberg: Pound Falters on Report of May's Rejection of EU Brexit Plans
The pound erased an earlier advance after The Times reported that U.K. Prime Minister Theresa May was preparing to reject the European Union’s improved offer to solve the Irish border issue. [more...]
Reuters: Cboe exchange turns to machines to police its 'fear gauge'
Hard pressed to quash allegations that its popular “fear gauge” is being manipulated, Cboe Global Markets (CBOE.Z) is turning to artificial intelligence to help put those concerns to rest. [more...]
Reuters: China plans import tariff cuts as soon as October: Bloomberg
China plans to reduce the average tariff rate on imports from most of its trading partners as soon as October, Bloomberg News reported on Thursday. [more...]
CNBC: Jack Ma says he won't ever come back to lead Alibaba after he leaves next year
Jack Ma, the iconic co-founder of Chinese e-commerce giant Alibaba, said Thursday that he will not return to run the company after his planned departure next year. [more...]
CNBC: The 'Great Bull' market is 'dead,' and here's what's next, Bank of America predicts
The "Great Bull" market that came after the financial crisis is dead due to slowing economic growth, rising interest rates and too much debt, according to a Bank of America Merrill Lynch analysis. [more...]
CNBC: Brexit's big irony: The EU looks like it's trying to rescue the UK's embattled prime minister
As battles over Britain's final Brexit proposals continue to cause divisions within Theresa May's government and the U.K. parliament, support for the British prime minister and her leadership is coming from an unlikely source — Europe. [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: Jack Ma Warns Alibaba, China to Prepare for 20-Year Trade War
Alibaba Group Holding Ltd. co-founder Jack Ma cautioned China’s business and political leaders to prepare for the trade war with the U.S. to last longer and have a bigger impact than most people think. [more...]
Bloomberg: Stocks Rally Extends to Second Day; Yuan Advances: Markets Wrap
Stocks extended a rally in Asia as investors wagered the world’s two-biggest economies have time to iron out trade differences in the wake of the latest salvos on tariffs. The yuan advanced as Premier Li Keqiang said China won’t devalue its currency. [more...]
Bloomberg: Tesla Is Facing U.S. Criminal Probe Over Elon Musk Statements
Tesla Inc. is under investigation by the Justice Department over public statements made by the company and Chief Executive Officer Elon Musk, according to two people familiar with the matter. The criminal probe is running alongside a previously reported civil inquiry by securities regulators. [more...]
Bloomberg: This Is the World's Most Disappointing Stock
or the most disappointing stock trade in the world this year, step forward Tencent Holdings Ltd. Of the 10 companies worth more than $100 billion that analysts predominantly rate as buy, Tencent has by some distance had the worst 2018, data compiled by Bloomberg show.  [more...]
Bloomberg: Bond Traders See 2019 as Battleground for Bets on Fed Rate Path
For the world’s biggest bond market, 2019 is turning into a battleground for bets on the path of U.S. monetary policy. Investors in recent weeks have moved closer to the Federal Reserve’s projected path of three rate hikes next year -- they’re now pricing in two, following increases next week and in December. [more...]
Bloomberg: Europe's August Car Sales Surge Ahead of New Emissions Tests
European car registrations skyrocketed in August as automakers hurried to get vehicles out the factory door before the start of new emission-testing regulations. [more...]
Bloomberg: Morgan Stanley Sees $2.5 Billion Equity Raise for Troubled Tesla
Tesla Inc. could raise funds as soon as this year as Elon Musk’s company ramps up production and prepares for maturing debt, analysts at Morgan Stanley predict. [more...]
Bloomberg: JPMorgan Asset Sees Room for Investors to Stay in Risk – For Now
Investors bracing for the next global market slump can afford to stick it out in riskier assets for at least another year -- but it also doesn’t hurt to keep an eye on the exits, according to JPMorgan Asset Management. [more...]
Bloomberg: Goldman Fund Buys Turkey, Argentina Debt, Says Rout Overdone
Goldman Sachs Asset Management is buying Turkish and Argentinian government debt as it bets on the worst-performing emerging markets to offer some of the more profitable bond trades this year. [more...]
Reuters: Inside China's strategy in the soybean trade war
The executive from one of China’s biggest soybean crushers sat on a panel at a Kansas City agricultural exports conference, listening to an expert beside him explain why China would remain dependent on U.S. soybeans to feed its massive hog herds. [more...]
Reuters: China to penalize $60 billion of U.S. imports in tit-for-tat move
China and the United States plunged deeper into a trade war on Tuesday after Beijing added $60 billion of U.S. products to its import tariff list in retaliation for President Donald Trump’s planned levies on $200 billion worth of Chinese goods. [more...]
CNBC: China's second-in-command: We're facing 'greater difficulties' in keeping economy stable
As U.S.-China trade tensions are escalating, Chinese Premier Li Keqiang said Wednesday his government is able to help the domestic economy withstand challenges. [more...]
CNBC: JP Morgan Chase: Emerging markets selloff is overdone, and investors should consider China
The recent selloff in emerging markets has been overblown, and there are opportunities now for investors, according to the chief executive of J.P. Morgan Chase's China business. [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 Pressured on Fresh Trade Fears; Dollar Dips: Markets Wrap
U.S. stocks tumbled the most in a month as investors grappled with the latest American threats to expand tariffs on Chinese goods. The dollar slipped and emerging-market currencies declined. [more...]
Bloomberg: Coca-Cola Is Eyeing the Cannabis Market
Aurora Cannabis Inc. led pot stocks higher after Coca-Cola Co. said it’s eyeing the cannabis drinks market, becoming the latest beverage company to tap into surging demand for marijuana products as traditional sales slow. [more...]
Bloomberg: China’s Stocks Drop to Lowest Level in Nearly Four Years
China’s sinking stock market reached an unwelcome milestone, with the Shanghai Composite Index closing at the lowest level since 2014, erasing the last traces of its recovery from a boom that turned into a $5 trillion bust. [more...]
Bloomberg: The Emerging Market Rout Is Nearing a Turning Point, Templeton Says
Franklin Templeton Investments says the rout in emerging markets may be nearing a bottom though reckons there are still countries like the Philippines that will suffer. [more...]
Bloomberg: IBM Is Being Sued for Age Discrimination After Firing Thousands
A lawyer known for battling tech giants over the treatment of workers has set her sights on International Business Machines Corp. Shannon Liss-Riordan on Monday filed a class-action lawsuit in federal court in Manhattan on behalf of three former IBM employees who say the tech giant discriminated against them based on their age when it fired them. [more...]
Bloomberg: Trump Tariffs Set Stage for Drawn-Out Trade Battle With China
President Donald Trump’s decision to elevate his trade war with China to new heights sets the stage for a more prolonged battle between the world’s two largest economies. [more...]
Bloomberg: Trump Ramps Up Tariff Pressure With $200 Billion China Hit
The Trump administration will impose a 10 percent tariff on about $200 billion in Chinese goods next week and more than double the rate in 2019, deepening what’s shaping up to be a prolonged trade war between the world’s two biggest economies. [more...]
Bloomberg: Money Markets Signal Surprise S. Africa Rate Hike as Rand Falls
South Africa’s battered rand may receive an unexpected boost from the central bank this week, if money-market rates are anything to go by. While only three out of 19 economists in a Bloomberg survey are predicting a South African Reserve Bank rate increase on Thursday, traders have been adding bets on a surprise hike. [more...]
Reuters: Trump hits China with fresh tariffs, threatens more if Beijing retaliates
U.S. President Donald Trump escalated his trade war with Beijing, imposing 10 percent tariffs on about $200 billion worth of imports in a move one senior Chinese regulator said “poisoned” the atmosphere for negotiations. [more...]
Reuters: Canada's Freeland returning to Washington for NAFTA talks as time runs short
Canadian Foreign Minister Chrystia Freeland on Monday said she would return to Washington, this week for fresh talks on NAFTA as time is running very short to meet a U.S. demand for a deal by October 1. [more...]
CNBC: A.I. has a bias problem that needs to be fixed: World Economic Forum
Artificial intelligence has a bias problem and the way to fix it is by making the tech industry in the West "much more diverse", according to the head of AI and machine learning at the World Economic Forum. [more...]
CNBC: China says U.S. unilateralism, protectionism will hurt global economy
China's commerce minister told representatives of foreign firms on Monday that the United States' unilateralism and protectionism will impact both U.S. and China's interests and hurt 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 Decline as Trade Concerns Resurface: Markets Wrap
Stocks in Asia fell with emerging-market currencies after the latest U.S. move to place a further tranche of tariffs on Chinese goods and amid signs some central banks are struggling to stabilize their currencies. The dollar maintained gains. [more...]
Bloomberg: The Emerging Market Rout Is Nearing a Turning Point, Templeton Says
Franklin Templeton Investments says the rout in emerging markets may be nearing a bottom, though reckons there are still countries that will suffer, like the Philippines. [more...]
Bloombetg: Five Things You Need to Know to Start Your Day
Hong Kong’s stock market will open Monday after Typhoon Mangkhut leaves a trail of destruction, stocks on edge as Trump threatens further tariffs and China is said to rebuff overtures for more talks. Here are some of the things people in markets are talking about today. [more...]
Bloomberg: Goldman Sachs Doesn't Share Wall Street Fears of 2020 Recession
While Bridgewater Associates Inc. and JPMorgan Chase & Co. are starting to fret that tighter fiscal and monetary policies will create problems for the world’s biggest economy in two years’ time, Goldman Sachs sees just a 36 percent chance of recession over the next three years. That risk is below the historical average. [more...]
Bloomberg: Goldman Says India's World-Beating Stock-Market Run Is Over
Goldman Sachs Group Inc. has called time on the world-beating surge in Indian stocks. The nation’s equity market looks less favorable amid elevated valuations, a potential slowdown in economic growth and upcoming elections. [more...]
Bloomberg: Credit Suisse Ordered to Boost Money Laundering Checks by Finma
Credit Suisse Group AG made “some substantial” improvements in its anti-money-laundering controls and avoided a fine as Switzerland’s financial regulator concluded a pair of enforcement proceedings against the nation’s second-biggest bank. [more...]
Bloomberg: Pound Volatility Premium Over Euro to Persist on Brexit Concerns
Buying protection over fluctuations in the pound will remain a relatively costly exercise as Brexit headlines gather momentum and central banks slowly tighten policy. [more...]
Reuters: High U.S. stock valuations hinge on inflation, interest rates
Investors are banking on tame inflation and interest rates to support U.S. stock prices and help counter any concerns over an anticipated slowdown in corporate earnings growth next year. [more...]
Reuters: China may reject new trade talks if more tariffs imposed: WSJ
The Chinese government may decline to participate in proposed trade talks with the United States later this month if the Trump administration moves forward with additional tariffs on imported Chinese goods, the Wall Street Journal reported on Sunday, citing Chinese officials. [more...]
CNBC: The next crisis could be triggered by the US-China trade war, interest rates: Sovereign wealth chief
Economic troubles in emerging markets and the ongoing trade war between the United States and China could potentially increase the risk of the next financial crisis, according to the chief executive officer at South Korea's sovereign wealth fund. [more...]
CNBC: Trump is 'a symptom and not the cause' of the trade war with China
Escalating trade tensions between the United States and China would have manifested with or without Donald Trump, experts said at the Singapore Summit on Saturday. [more...]