Todays Markets

Bloomberg: Asia Stocks Mixed as Missile Offsets U.S. Rally: Markets Wrap

Asian stocks were mixed as Chinese shares swung between gains and losses and a North Korean missile test overshadowed a surge in U.S. equities. The dollar was steady as U.S. tax cuts inched closer to reality. [more...]

Bloomberg: Bitcoin Blasts to Record $10,000 as Bubble Warnings Multiply
Bitcoin surpassed $10,000 for the first time, taking this year’s price surge to more than 10-fold even as warnings multiply that the largest digital currency is an asset bubble. [more...]

Bloomberg: Here’s What the World's Central Banks Really Think About Bitcoin
More than eight years since the birth of bitcoin, central banks around the world are increasingly recognizing the potential upsides and downsides of digital currencies. [more...]

Bloomberg: Why Investors Are Unfazed by North Korea's Missile Launch
North Korea launched an intercontinental ballistic missile near Japan, but investors and analysts were unfazed by the latest provocation. [more...]

Bloomberg: North Korea Says Nuke Push Complete as Entire U.S. in Range
North Korean leader Kim Jong Un claimed his regime’s missile launch showed it can strike the U.S. with a nuclear weapon, signaling a new phase in its standoff with President Donald Trump. [more...]

Reuters: Dollar cheered by tax cut progress, outshone by bitcoin
The dollar held firm on Wednesday after Wall Street shot to record peaks amid signs of progress on U.S. tax cuts, while bitcoin topped $10,000 on a host of exchanges as the frenzy for cryptocurrencies showed no sign of fading. [more...]

Reuters: Oil falls on doubts over extending output cuts, surprise rise in U.S. crude stocks
Oil prices fell on Wednesday on doubts OPEC and Russia will agree on extending a crude production cut that the market has already priced in, and after a report of an unexpected rise in U.S. crude oil inventories. [more...]

CNBC: China, alleged to have influenced Zimbabwe coup, is set to benefit from Mugabe's replacement
China's deep-rooted relationship with Zimbabwe, formed under recently deposed leader Robert Mugabe, has weakened in recent years. But under the watch of new President Emmerson Mnangagwa, seen as a friendlier face to Beijing's commercial interests, bilateral ties could strengthen. [more...]