Todays Markets

Bloomberg: The Pound is Enjoying a Fresh Wave of Confidence From Investors
Even as Brexit talks lurch from one hurdle to another, the pound is enjoying a rising wave of confidence among investors and analysts. [more...]

Bloomberg: Asia Stocks Mixed, Dollar Falls as Tax Boost Fades: Markets Wrap
Stocks in Asia traded mixed as investors assessed gains spurred by the passage of the U.S. tax cuts in the Senate that lifted equities to fresh highs. The Australian dollar jumped on stronger-than-expected retail sales data and comments on inflation from the central bank. [more...]

Bloomberg: U.S. Stock Rally Fizzles as Tech Drops, Oil Slumps: Markets Wrap
U.S. stocks edged lower as selling in technology shares overwhelmed an advance by companies poised to benefit from proposed cuts to corporate taxes. The dollar strengthened and oil slumped. [more...]

Bloomberg: Hedge Funds Prepare to Trade Against Bitcoin
Hedge funds, which have largely stayed on the sidelines, are waiting for the Chicago Mercantile Exchange’s futures market to open for a fresh opportunity to bet against the cryptocurrency, according to more than a half dozen people trading the assets. [more...]

Bloomberg: Goldman Lifts 2018 Oil Price Outlook on Strong OPEC Resolve
OPEC and its allies’ strong commitment to extended oil supply cuts will lower inventories next year and lift prices, according to Goldman Sachs Group Inc. [more...]

Bloomberg: Israel Is Urged to Become a Global Hub for Digital-Currency Offerings
Israel should look at the explosion of cryptocurrencies as an opportunity to develop an international financial center for so-called initial coin offerings, the head of the country’s securities market regulator said. [more...]

Reuters: Asian shares muted as tech blues offset U.S. tax cut optimism
Asian shares were subdued on Tuesday as investors’ rotation out of technology shares took a toll on some of the region’s tech heavyweights although hopes of a major tax cut in the United States underpinned risk sentiment. [more...]

Reuters: Dollar stalls as next step in US tax reform awaited, Antipodeans advance
The dollar dipped on Tuesday, as investors waited to see how the next step of the U.S. tax reform legislation proceeds rather than extend the rise made by the dollar at the start of the week following the U.S. Senate’s approval of the tax bill. [more...]

CNBC: Bitcoin is a 'dangerous speculative bubble,' Yale expert says
With the price of bitcoin moving toward $12,000, a top economist on Tuesday sent a stark warning to investors: The cryptocurrency is in a "dangerous speculative bubble." [more...]

CNBC: A little-known digital currency surges 70% after teaming up with firms like Microsoft
A digital currency has added more than $3 billion to its market value after the firm behind it said it was teaming up with a number of big tech firms, including Microsoft and Samsung on a "data marketplace." [more...]