Todays Markets

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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: Asia Stocks in Worst Week Since March; Yen Rises: Markets Wrap
Asian stocks retreated further on Friday, set for the worst week since March, thanks to continuing worries about emerging markets and the outlook for the technology sector’s earnings. The yen headed for its biggest two-day gain since July. [more...]
Bloomberg: These Are the Cities With the Most Ultra-Rich People
New York has lost its crown as home to the most ultra-rich people, beaten out by the rising tide of extreme wealth in Asia. Hong Kong surpassed the Big Apple as the city with the highest population of people worth at least $30 million, according to a new report. [more...]
Bloomberg: Cryptocurrencies Fall Off Another Cliff
Cryptocurrencies dropped sharply for the second time in less than 24 hours, sinking toward a nine-month low amid concern that broader adoption of digital assets will take longer than some anticipated. [more...]
Bloomberg: Here's How Trump Can Formally Call China a Currency Manipulator
If President Donald Trump wants to follow through on his repeated threats to label China a currency manipulator, all he has to do is turn back the clock. [more...]
Bloomberg: Emerging Stocks Fall Into Bear Market; More Pain Expected
Expect more short-term pain, investors said, after emerging-market stocks tipped into a bear market. The MSCI Emerging Market Index closed down 0.3 percent in New York on Thursday. That took its decline from a Jan. 26 high to just over 20 percent, the threshold for a bear market.  [more...]
Bloomberg: Oil Set for Weekly Loss as Emerging-Market Contagion Fears Grow
Oil is poised for the biggest weekly decline since mid-July as a rout in emerging markets raises contagion fears while government data showing growing inventories at a key U.S. storage hub also weighed on prices. [more...]
Bloomberg: The Australian Dollar Is Acting Like an Emerging-Market Currency
Australia’s dollar is finding itself in unusual company these days, getting sold along with former emerging-market darlings such as the Indonesian rupiah and Indian rupee. [more...]
Reuters: U.S.-Canada trade talks grind on, but 'final' issues unresolved
U.S. and Canadian negotiators pushed ahead in grinding talks to rescue the North American Free Trade Agreement on Thursday, but a few stubborn issues stood in the way of a deal, including dairy quotas, protection for Canadian media companies, and how to resolve future trade disputes. [more...]
Reuters: U.S. job growth seen picking up, unemployment rate falling
U.S. job growth likely accelerated in August, with the unemployment rate expected to have fallen back to an 18-year low of 3.8 percent, which would bolster views that the economy was so far weathering the Trump administration’s escalating trade war with China. [more...]
CNBC: Japan has become the 'obvious target' for Trump's next trade salvo
In a recent conversation with the Wall Street Journal, Trump described his good relations with the Japanese leadership but then added: "Of course that will end as soon as I tell them how much they have to pay." [more...]
CNBC: A handful of Asia's currencies are holding up amid the carnage hitting their peers
Amid the carnage in emerging market currencies over the past two weeks, a few have held up relatively well. One, the Thai baht, has actually stood out for its exceptional performance. [more...]

Todays Markets

/0 Comments/in /by
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.
Image
Latest News Headlines
Bloomberg: Stocks in Asia Head for One-Year Low, Yen Advances: Markets Wrap
Stocks in Asia dropped, with a regional benchmark heading for the lowest close in a year, as investors contemplate the risk of weaker growth thanks to woes in emerging markets. The yen gained. [more...]
Bloomberg: Little Relief in Sight as Emerging Stocks Slide Near Bear Market
The rout in emerging markets showed few signs of abating, even as some of the worst-hit currencies took a breather, as an index of stocks slipped toward bear territory and a basket of currencies traded near its lowest since May 2017. [more...]
Bloomberg: U.S. Tech Shares Tumble; Emerging Currencies Slide: Markets Wrap
Most U.S. stocks fell, with FANG shares tumbling as executives of the tech heavyweights faced scrutiny on Capitol Hill. The selloff in emerging market assets deepened, adding to the risk-off tone on global financial markets. [more...]
Bloomberg: JPMorgan, BlackRock Warn Contagion Hitting Emerging Markets
First came the Argentine selloff. Then Turkey. And before long, assets from South Africa to Brazil and Indonesia were getting hit in a selling stampede across emerging markets. [more...]
Bloomberg: Bitcoin Falls Off Another Cliff as Cryptocurrency Slump Deepens
Cryptocurrencies dropped sharply for the second time in less than 24 hours, sinking toward a nine-month low amid concern that broader adoption of digital assets will take longer than some anticipated. [more...]
Bloomberg: Best IPO of 2018 Is a Two-Month Old Pot Purveyor
Less than two months after going public, a Canadian cannabis stock has surpassed nearly 200 other companies to become the year’s best performing initial public offering on U.S. exchanges. [more...]
Bloomberg: Wall Street Analysts Split on How to Trade ‘Overvalued’ Dollar
By many conventional measures, the dollar is increasingly overvalued. Yet what investors should do with that information is becoming less clear. The greenback is surging, trading more than 11 percent above its 10-year average in real effective terms as of July. [more...]
Reuters: NAFTA talks make progress; U.S., Canadian officials to work into night
The United States and Canada have made progress in talks to revise the North American Free Trade Agreement, and officials from the two sides will work together into the night to flesh out areas for further discussion, Canadian Foreign Minister Chrystia Freeland said on Wednesday. [more...]
Reuters: Oil dips on emerging market woes, but looming Iran sanctions support
Oil prices dipped on Thursday as emerging market woes weighed on sentiment, while a deadline neared for a potential new round of U.S. tariffs on another $200 billion of Chinese goods. [more...]
CNBC: Turkey begins constructing site for Russian missile system — despite US warnings
Turkey is in the process of constructing a site for a Russian missile system despite warnings from the United States to not buy the platform, according to a source with firsthand knowledge of an intelligence report covering the subject. [more...]
CNBC: Cryptocurrencies widely plunge after report Goldman is rolling back plans
Bitcoin prices continued to take a hit on Thursday morning Asia time, following a report that Goldman Sachs was dropping its plans for opening a trading desk for cryptocurrencies. [more...]

Todays Markets

/0 Comments/in /by
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.
Image
Latest News Headlines
Bloomberg: Stocks Drop Amid EM Turmoil; Dollar Holds Gains: Markets Wrap
Asian stocks fell as continued pressure in many emerging markets intensified concerns of contagion and trade tensions persisted. A day after currencies dropped across the region, it was the stock market’s turn in the hot-seat. [more...]
Bloomberg: Mercedes Unveils First Tesla Rival in $12 Billion Attack
Mercedes-Benz, the world’s largest maker of luxury cars, is rolling out its first in a series of battery-powered models, adding to a growing array of high-end brands targeting Tesla Inc. [more...]
Bloomberg: Emerging-Market Contagion Fear Sparks Deepening Rout: Inside EM
Emerging markets sold off anew Tuesday as South Africa entered a recession and Indonesia’s rupiah joined currencies from Turkey to Argentina in tumbling toward record lows, reinforcing concern that contagion risks are too big to ignore. [more...]
Bloomberg: Contagion or Not, These Emerging Markets Hold Key to Selloff
This year’s global emerging-market selloff has its roots in a slew of mini-routs as the era of easy-money came to an end. Consider Turkey, now paying the price for its refusal to follow orthodox monetary policy; Argentina, facing a crisis of confidence just four years of its last default.  [more...]
Bloomberg: Wall Street Analysts Split on How to Trade ‘Overvalued’ Dollar
By many conventional measures, the dollar is increasingly overvalued. Yet what investors should do with that information is becoming less clear. The greenback is surging, trading more than 11 percent above its 10-year average in real effective terms as of July, according to data from the International Monetary Fund. [more...]
Bloomberg: Toyota Recalls 1 Million Prius, C-HR Hybrids on Risk of Fire
Toyota Motor Corp. is recalling more than a million of its Prius and C-HR compact crossover vehicles globally due to the risk of fire. [more...]
Bloomberg: Emerging-Market Contagion Fears Rotate From Currencies to Stocks
Pressure on emerging markets shifted from currencies to stocks in Asian trading on Wednesday, as prospects for higher funding costs threaten to diminish the appeal of companies benefiting from faster economic growth than in the developed world. [more...]
Reuters: Stocks fall, dollar up on trade tensions, emerging market woes
Stock markets fell in Asia on Wednesday and the safe-haven dollar hovered near a two-week high as heightened worries over international trade conflicts and emerging market weakness curbed investors’ appetite for riskier assets. [more...]
Reuters: Greener growth could add $26 trillion to world economy by 2030: study
Strong action to combat climate change could cumulatively add at least $26 trillion to the world economy by 2030, according to a study on Wednesday which seeks to dispel fears that a shift from fossil fuels will undermine growth. [more...]
CNBC: Egypt can handle the emerging markets downturn 'up to a limit,' finance minister says
Amid a brewing storm for emerging markets, Egypt's finance minister believes his country's economy can weather what has thrown many others into crisis — as long as the underlying causes don't get any worse. [more...]
CNBC: Emerging market currencies keep tumbling, but experts say fears of contagion may be overblown
Emerging market currencies succumbed to a sell-off again on Tuesday, with currencies tumbling across the board — some to new record lows. [more...]

Todays Markets

/0 Comments/in /by
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: Turkey to Set Tone Again for Emerging Markets This Week
Events are likely to unfold quickly for emerging markets this week as Turkey and Argentina move to shore up their currencies after they took a battering last month. [more...]
Bloomberg: Asia Stocks Drift; Dollar, U.S. Treasuries Steady: Markets Wrap
Asian stocks were mixed Tuesday amid continuing concerns about stability in emerging markets and prospects for escalating U.S.-China trade tensions. The dollar and Treasury yields were steady. [more...]
Bloomberg: ING to Pay $784 Million in Fines to Settle Dutch Criminal Case
ING Groep NV agreed to pay a fine of 675 million euros ($784 million) to settle a criminal investigation by the Dutch prosecutor into issues including money laundering and corrupt practices. [more...]
Bloomberg: Trump's Trade War With China May Hit Parts of Your Car First
The U.S.-China trade war threatens to make September a very slow month at E.D. Opto Electrical Lighting Co.’s auto-parts factory in the eastern Chinese city of Zhenjiang. [more...]
Bloomberg: Turkey's Lira Needs More Than Intent to Raise Interest Rates
The Turkish lira may have found its footing after the central bank signaled higher interest rates were around the corner, but some investors worry that any lasting relief will require a bold hike that it is loath to deliver. [more...]
Bloomberg: Latin America Nations in Crisis Summit Amid Venezuela Exodus
Government officials from across Latin America and the Caribbean are meeting in Quito to coordinate a response to the regional humanitarian crisis caused by Venezuela’s economic collapse. [more...]
Bloomberg: Going Digital Will Boost Business and Assist ECB, Weidmann Says
Digital technology can bolster economic growth in the euro area and help the European Central Bank in setting monetary policy, according to Bundesbank President Jens Weidmann. [more...]
Bloomberg: Turkish Central Bank Pledges Policy Action to Stem Inflation
Turkey’s central bank signaled higher interest rates are in the offing after inflation rose more than forecast in August and producer prices surged. The lira briefly erased losses after the announcement. [more...]
Reuters: Asian shares hit by trade friction, emerging market tumult; dollar up
Asian shares fell and the dollar turned higher on Tuesday as the trade dispute between the United States and China threatened to escalate this week, and as emergency austerity measures in Argentina underscored the turbulence gripping emerging markets. [more...]
Reuters: U.S. oil prices rise as Gulf oil rigs evacuated ahead of hurricane
U.S. oil prices rose on Tuesday, breaking past $70 per barrel, after two Gulf of Mexico oil platforms were evacuated in preparation for a hurricane. [more...]
CNBC: Oil could surge 30% into the mid-$90s within months, creating $4 per gallon gas: Energy expert 
U.S. crude oil hasn't traded at $95 a barrel in since 2014, but this is the year that could change. Energy expert John Kilduff counts Iran sanctions as the top reason West Texas Intermediate (WTI) could climb as much as 30 percent by winter. [more...]
CNBC: The emerging market crisis is back. And this time it's serious
Markets have a very short attention span. Like babies, they move on quickly from one toy, or in this case an event, to another. For instance, markets seem to have moved on from the formation of the "Fragile Five". [more...]

Todays Markets

/0 Comments/in /by
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 Investors Face Months of Volatility Into Brexit Endgame
The next few months are going to be fun for pound traders. Sterling’s volatility left political pundits scratching their heads last week, as European Union Chief Negotiator Michel Barnier’s promise to offer the U.K. an unprecedented partnership sent the currency soaring more than 1 percent even though he had said it before. [more...]
Bloomberg: Stocks Start Month With Losses; Dollar Holds Gain: Markets Wrap
Asian stocks began September with declines, while the dollar held on to its recent rally as investors assessed the outlook for trade and whether turmoil in some emerging markets can be contained. The pound slid as the chief European negotiator on Brexit said he strictly opposed the U.K.’s current proposal. [more...]
Bloomberg: Five Things You Need to Know to Start Your Day
Treasury bill rates are in the spotlight, HNA might need to slim down even more and Theresa May said she won’t let there be another vote on Brexit. Here are some of the things people in markets are talking about. [more...]
Bloomberg: Australia House Prices Fall for 11th Month as Downturn Deepens
Australian housing prices fell for an 11th straight month in August, and further declines are likely as the peak selling season starts. National dwelling values dropped 0.3 percent last month, led by declines in Sydney and Melbourne, according to CoreLogic Inc. data released Monday.  [more...]
Bloomberg: China's Consumers Are On Point to Defend Economy From Trump
For the growth driver that will keep the world’s second largest economy on track this year, look beyond Beijing or Shanghai. Life for many in China’s most sophisticated consumer markets is getting harder, with soaring rents gnawing at disposable incomes. [more...]
Bloomberg: Smart Money Sees China Bear Market Lasting: JPMorgan Survey
China’s institutional investors aren’t counting on recouping this year’s equity losses any time soon, according to a JPMorgan Asset Management survey last month. [more...]
Bloomberg: Funding Circle Plans to Proceed With Initial Public Offering
Funding Circle Ltd., Britain’s biggest online loan provider, plans to proceed with an initial public offering on the London Stock Exchange, the latest test for Europe’s maturing fintech sector. [more...]
Bloomberg: Secret Oil Shipments Could Help Iran Cushion U.S. Sanctions Blow
Discounts, bartering and smuggling are among the tactics Iran may lean on to keep almost 800,000 barrels a day of its oil exports flowing after U.S. sanctions resume in November. [more...]
Bloomberg: Turkey to Set Tone Again for Emerging Markets This Week
Events are likely to unfold quickly for emerging markets this week following the battering some currencies suffered in August. Monday alone sees the release of Turkish inflation data and the unveiling of a new fiscal plan in Argentina. [more...]
Reuters: Asian stocks dip on trade, emerging market woes
Asian stocks dropped for the third consecutive session on Monday, hit by worries over further escalation of the U.S-China trade war and unstable emerging market currencies. [more...]
Reuters: Dollar holds firm on escalating global trade tensions
The dollar held firm on Monday, benefiting from its status as a safe haven as investors took the impasse in U.S.-Canada trade negotiations as a bad sign for the even trickier talks between the United States and China. [more...]
CNBC: Another weak data point shows China's economy is 'now facing relatively obvious downward pressure'
A private manufacturing survey hit a 14-month low in August as the Caixin/Markit Purchasing Manager's Index (PMI) came in at 50.6 — the weakest since June 2017. [more...]
CNBC: Global trade tensions are likely to get even worse after the US midterms, expert says
Washington is going to lose the ability to get anything done if the Democrats seize control of the House during the midterms, and the situation on trade will only get worse, not better, according to businessman and trade expert Steven Okun. [more...]