Todays Markets

Bloomberg: Major Stock Selloffs Just Aren't What They Used to Be
Volatility is back -- at least by this year’s standards. The 0.8 percent retreat in the S&P 500 Index just after noon in New York is what passes for a two-sigma drop in the benchmark gauge. [more...]

Bloomberg: Asia Stocks Extend Declines; Dollar Holds Loss: Markets Wrap
Asian stocks fell after a rally that saw them touch a record high during the week, as Japan equities extended losses following abrupt swings on Thursday. The dollar held declines on concerns that U.S. tax reform is encountering stumbling blocks. [more...]

Bloomberg: Peugeot Chief Says Brexit Adds Pressure on U.K. Vauxhall Plants
PSA Group is pushing the U.K. factories acquired in its deal for General Motors Co.’s European operations to make a leap in competitiveness to offset the potential risks posed by Brexit. [more...]

Bloomberg: Airbnb Guns for China to Become Leading Source of Travelers
Airbnb Inc. is opening more offices in China and expects the country to be its leading source of customers by 2020. [more...]

Bloomberg: Ex-Morgan Stanley Executive's Hedge Fund Jumps 49% on China Bets
A former Morgan Stanley executive’s hedge fund has soared 49 percent this year by sticking with well-timed bets on technology stocks and investing in some of China’s hottest private companies. [more...]

Bloomberg: What Analysts Say About Nikkei's Mid-Afternoon Drop: Roundup
In a little over an hour, what had been another solid rally in Japanese stocks turned into some rather sharp clear-air turbulence, with the Nikkei 225 Stock Average plunging about 3.6 percent from the afternoon-session high to its low for the day. [more...]

Reuters: Asian stocks slip as U.S. tax doubts snap global winning streak
Asian shares slipped on Friday on uncertainty about U.S. tax reforms after Senate Republicans unveiled a plan that differed from the House of Representatives’ version in several key areas, including a delay in the timing of a corporate tax cut. [more...]

Reuters: Oil markets stable as markets tighten, but analysts expect volatility ahead
Oil markets were little changed on Friday, supported by ongoing supply cuts and strong demand which have resulted in a tightening market, although the prospect of rising U.S. output capped prices. [more...]

Reuters: Dollar under pressure as investors fret over U.S. tax plans
The dollar licked its wounds on Friday, on track for weekly losses after it dropped on disappointment with a tax bill put forth by U.S. Senate Republicans that would delay expected corporate tax cuts. [more...]

CNBC: 'We can no longer tolerate these chronic trade abuses': Trump lashes out at China and others 
President Donald Trump pushed for freedom and economic openness in a Friday speech that portrayed Washington as a more respectful trade partner to Asian nations than China has been. [more...]

CNBC: Major Asian indexes fall following US tax plan unveil; Nikkei declines 0.9%
Asia markets came under pressure on Friday, following the weaker lead from Wall Street after Senate Republicans unveiled their tax reform plan on Thursday. [more...]