Todays Markets

Bloomberg: Stocks Extend Gain With Dollar on Profit, U.S. Tax: Markets Wrap
Stocks in most Asian markets followed gains in U.S. equities and the dollar climbed to a three-month high as earnings and congressional action on tax reform boosted confidence in the growth outlook. Australian assets took a hit after the government lost its majority. [more...]

Bloomberg: China's Cryptocurrency Barons Seek New Life Across Asia
From OKCoin to Binance.com, Chinese exchanges and wallet services are seeking a second life in friendlier Asian jurisdictions as the mainland clamps down on trading and coin offerings. They’re applying for licenses in Japan -- solo or via partners -- setting up over-the-counter shops in Hong Kong, or laying the groundwork to operate from Singapore and South Korea. [more...]

Bloomberg: Amazon Tops Sales Estimates on Subscribers, Whole Foods
Amazon.com Inc. showed investors it can run grocery stores, churn out gadgets, expand its cloud-computing business and invest in new markets, all while selling more products online and managing expenses. [more...]

Bloomberg: Australia Government in Crisis as Deputy PM Ejected in Citizenship Ruling
Australia’s government was thrown into crisis on Friday after Deputy Prime Minister Barnaby Joyce was declared ineligible to sit in parliament because he was also a citizen of New Zealand when elected. [more...]

Bloomberg: Hong Kong's Iconic Trading Floor Is the Latest to Close for Good
Hong Kong Exchanges & Clearing Ltd. is about to become the newest member of a once unthinkable club: stock exchanges without a trading floor. [more...]

Bloomberg: Alphabet Tops Profit Projections After Google Ad Surge
Alphabet Inc. beat projections for third-quarter sales and earnings after a surge in Google ad volume helped the web-search giant shrug off concerns about regulatory scrutiny and an expensive foray into hardware. [more...]

Bloomberg: Dollar Gains on Tax Reform Outlook; Euro Sinks on ECB Tapering
The euro fell to the lowest since late July after the European Central Bank said it would extend its asset purchase program at a lower rate. The dollar rallied to its highest since July 12 after the U.S. House passed a budget resolution seen as advancing the prospects for tax reform. [more...]

Reuters: U.S. economy likely slowed by hurricanes in third quarter
U.S. economic growth probably slowed in the third quarter as hurricanes Harvey and Irma restrained consumer spending and undercut construction activity, but underlying momentum likely remained strong amid robust business investment on equipment. [more...]

Reuters: Oil markets tighten, Brent approaches $60 per barrel
Oil prices inched higher on Friday, with Brent crude approaching $60 a barrel amid tightening market expectations, buoyed by comments from Saudi Arabia’s Crown Prince backing the extension of OPEC-led output cuts. [more...]

Reuters: Asian shares gain after upbeat earnings from U.S. tech titans
Asian shares gained on Friday as technology shares were boosted by upbeat earnings from U.S. high-tech giants while the euro hovered near three-month low against the dollar after the European Central Bank extended its stimulus. [more...]

CNBC: Bezos, Page and Brin are $8.6 billion richer after earnings reports
Amazon CEO Jeff Bezos and Google co-founders Larry Page and Sergey Brin added $8.6 billion to their combined wealth on Thursday, thanks to better-than-expected earnings reports from two of the world's three most valuable internet companies. [more...]