Todays Markets

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: Major Traders Are Talking About $100 Oil Again
Major oil trading houses are predicting the return of $100 crude for the first time since 2014 as OPEC and its allies struggle to compensate for U.S. sanctions on Iran’s exports. [more...]
Bloomberg: Merkel Warns Against Harsh Brexit Stance as Macron Doubles Down
German Chancellor Angela Merkel on Monday warned European Union leaders against taking an excessively harsh line with the U.K. over Brexit -- but French President Emmanuel Macron turned up the heat. [more...]
Bloomberg: Stocks Fall on Politics and Trade Risks; Oil Gains: Markets Wrap
Stocks slipped on growing concern about the outlook for global trade and U.S. politics. Oil rallied toward a four-year high. Industrial shares led the S&P 500 Index lower after China warned it won’t meet with American officials unless they stop threatening to expand tariffs. [more...]
Bloomberg: Trade War Reality Sets In as U.S and China Stick to Their Guns
The world’s two biggest economies are digging in for what could be a long and bruising trade war, testing the resilience of the strongest global upswing in years. [more...]
Bloomberg: Instagram Founders Exit Facebook as Zuckerberg Involvement Grows
The founders of Instagram are leaving Facebook Inc. after growing tensions with Chief Executive Officer Mark Zuckerberg over the direction of the photo-sharing app, people familiar with the matter said. [more...]
Bloomberg: BP Says Oil Spike May Prove Fleeting on U.S.-China Tensions
Oil bulls cheered by the prospect of $100 oil beware. A rally in prices may be short-lived. That’s according to Janet Kong, who heads energy giant BP Plc’s trading business in Asia. Any spike on the loss of Iranian supply due to U.S. sanctions probably won’t be sustainable in the long run, she said. [more...]
Bloomberg: Dollar Could Falter on Trade Tensions, Buoying Emerging Markets
The greenback may be poised to return to the doldrums seen early this year, according to Wells Fargo Investment Institute. Despite a boost since mid-April from an outperforming U.S. economy and Federal Reserve rate hikes, the dollar may start to falter in 2019 amid political risk and trade tensions. [more...]
Bloomberg: ECB's Draghi Sees Vigorous Pickup in Core Inflation; Euro Jumps
Mario Draghi said he sees a “relatively vigorous” pickup in underlying euro-area inflation, signaling that the European Central Bank is well on track to raise interest rates late next year. [more...]
Reuters: China says hard to proceed on trade with U.S. putting 'knife to its neck'
A senior Chinese official said on Tuesday that it is difficult to proceed with trade talks with the United States while Washington is putting “a knife to China’s neck”, a day after both sides heaped fresh tariffs on each other’s goods. [more...]
Reuters: Stocks struggle as U.S.-China trade row revives growth concerns; oil elevated
Asia stocks struggled on Tuesday as a fresh round of U.S.-China tariffs and a surge in oil prices to near four-year highs added to worries about risks to global growth. [more...]
CNBC: Brexit is going very wrong, but a snap election is the last thing the British public needs
Theresa May's Brexit negotiations with the European Union (EU) are going very, very wrong and there is speculation that the U.K. could be heading for a snap election — cue eyerolls and yawns nationwide.  [more...]
CNBC: China reveals its new party line: We're trying to save the world from the US
China hit out against the U.S. in a 71-page paper, accusing President Donald Trump's administration of "trade bullyism practices" that have become "the greatest source of uncertainty and risk for the recovery of the global economy.".  [more...]

Todays Markets

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: Asian Stocks Slip With U.S. Futures on Trade Woes: Markets Wrap
Stocks in Hong Kong fell with U.S. equity futures and the Australian dollar after China called off planned trade talks with U.S. officials, potentially triggering an escalation in the protracted tariff war between the world’s two-biggest economies. [more...]
Bloomberg: Dollar Break With Yields Prompts Concern U.S. Has Funding Issue
Not since the 1980s have U.S. Treasuries had such handsome yield premiums over their German counterparts. Yet that’s not helping the dollar, in a disconnect that’s raising concern about the international willingness to finance American borrowing. [more...]
Bloomberg: Trump’s Next Tariff Barrage Ready to Roll as China Scraps Talks
The U.S. and China are hours away from a new round of tariffs on each other’s goods, with no improvement in relations between the two rivals in sight. [more...]
Bloomberg: Trump's Overconfidence May Bring 'Major Miscalculation': JPMorgan
JPMorgan Chase & Co. strategists are starting to make forecast and strategy changes around the potential that President Donald Trump gets so overconfident in the robust economy and markets that he makes a “major miscalculation." [more...]
Bloomberg: China Says No Trade Talks as Long as Trump Threatens More Tariffs
China said talks to resolve the impasse over trade with the U.S. can’t happen as long as President Donald Trump keeps threatening to impose further tariffs. [more...]
Bloomberg: OPEC Gives Tepid Response to Trump's Demand for Lower Oil Prices
U.S. President Donald Trump’s demand that OPEC take rapid action to reduce oil prices got a tepid response, with the group saying it would boost output only if customers requested it. [more...]
Bloomberg: Brexit Silence Is Corbyn’s Gamble On a Bigger Prize
Jeremy Corbyn talks a lot about struggling households, how banks are too powerful and why some industries should be nationalized. The avowed socialist even held court at a television festival last month with his views on how to rein in tech giants and media moguls. [more...]
Reuters: Fed hikes give cash appeal; stocks no longer only game in town
The U.S. Federal Reserve’s anticipated interest rate hike this week will make cash the most attractive it has been in about a decade and end the era of stocks as the only game in town. [more...]
Reuters: Asian shares wobble on fear of long U.S.-China trade war; oil rallies
Asian shares stumbled in holiday-thinned trading on Monday as China’s decision to cancel talks with the United States reinforced fears of a protracted trade war with neither side willing to back down. [more...]
CNBC: Sky to accept Comcast offer 'immediately'
U.K. broadcaster Sky has accepted an offer from Comcast for a $39 billion takeover, the company said in an official statement Monday. "As the price of the Comcast Offer is materially superior, it is in the best interests of all Sky shareholders to accept the Comcast Offer," the company said. [more...]
CNBC: Oil prices would be 'cheaper' if Trump would stop tweeting, Iran official saysPresident Donald Trump's tweeting habits are lifting oil prices, and the U.S. leader should stop posting on social media to alleviate the spike in prices, according to one Iranian official. [more...]

Todays Markets

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: It’s Official—Cannabis Is the New Crypto
Marijuana Inc. is making more headlines than Crypto Corp. as the stocks of companies linked to the cannabis craze get caught up in a mania that’s sent prices surging. [more...]
Bloomberg: Ripple Plan to Use XRP Sends Cryptocurrency Soaring
XRP, the cryptocurrency commonly referred to as Ripple, has surged as much as 43 percent this week amid optimism that it will serve as the means of exchange in a new payment service being developed by Ripple Labs Inc. [more...]
Bloomberg: Friday Is Going to Be a Huge Day for Stock Traders
Buckle up, traders. Two major market events that have the potential to send U.S. equity volumes sky-high will collide Friday.
The first is the quarterly event known as “quadruple witching” -- when futures and options on indexes and individual stocks expire. [more...]
Bloomberg: Asia Stocks Build on Rally; Hong Kong Dollar Jumps: Markets Wrap
Stocks in Asia are set to cap the strongest two-week rally since February as investors take in evidence that escalating trade tensions have yet to hurt global growth and China’s moves to support its expansion. [more...]
Bloomberg: Emirates Seeks Etihad Takeover to Create World’s Largest Airline
Dubai’s flagship airline Emirates is looking at taking over unprofitable neighbor Etihad, according to four people familiar with the matter, in a move that would create the world’s biggest carrier by passenger traffic. [more...]
Bloomberg: China Plans Broad Import Tax Cut as Soon as October
China is planning to cut average tariff rates on imports from the majority of its trading partners as soon as next month, two people familiar with the matter said, in a move that would lower costs for consumers as a trade war with the U.S. deepens. [more...]
Bloomberg: S&P, Dow Soar to Record Highs as Trade Fears Abate: Markets Wrap
U.S. stock benchmarks reached new highs Thursday on news from China about tariff and currency moves that could ease trade tensions. Treasury yields remained near their highest level this year. The dollar slid. [more...]
Bloomberg: Bitcoin ETFs Delayed Again as SEC Seeks Comment on Fund Proposal
The wait for an exchange-traded fund that invests in Bitcoin likely continues with U.S. regulator seeking comments on a listing request. [more...]
Bloomberg: What Happened This Week in the World Economy and What It Means
We might now have ourselves a veritable trade war, as the U.S. and China are set to enact crippling duties on almost $300 billion total in each other’s goods. [more...]
Blomberg: Oversold Rupee to Rise as Oil Peaks, Biggest India Bank Says
India’s rupee may be set to recover as oil peaks out and investors realize the currency has been sold off too heavily amid the emerging-market rout, State Bank of India says. [more...]
Bloomberg: Dollar Traders See the Fed’s Next Rate Hike as a Big Sell Signal
When a nation’s central bank raises interest rates, it’s often a bullish sign for the currency. Not so in the U.S., where expectations for a Federal Reserve rate hike next week are flashing sell signals for the dollar. [more...]
Reuters: Fed's Powell between a rock and hard place: Ignore the yield curve or tight job market?
Unemployment near a 20-year low screams at the U.S. Federal Reserve to raise interest rates or risk a too-hot economy. The bond market, not far from a state that typically precedes a recession, says not so fast. [more...]
Reuters: Goldman: Stronger dollar unlikely to derail bullish view on commodities
Goldman Sachs said a stronger dollar is unlikely to derail its bullish view on commodities, which are likely to find support from physical shortages. [more...]
CNBC: JPMorgan: An economic cold war may be coming
The last several months of tit-for-tat tariffs between the U.S. and China may only be the beginning of a prolonged economic conflict. Stock markets in both countries have climbed this week despite fresh tariff announcements. [more...]
CNBC: Former Google CEO predicts the internet will split in two by 2028 — and one part will be led by China
Eric Schmidt, who has been the CEO of Google and executive chairman of its parent company, Alphabet, predicts that within the next decade there will be two distinct internets: one led by the U.S. and the other by China. [more...]

Todays Markets

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: Stocks in Asia Meander as Treasury Yields Hug 3%: Markets Wrap
A rally in Asian stocks weakened on Thursday as rising U.S. Treasury yields threatened to pose a fresh test for equity investors. The dollar maintained declines against most major peers and oil extended gains. [more...]
Bloomberg: Fortunes Made and Lost on Weed in Wildest Single Day of Trading
In perhaps the wildest day yet for the nascent Weed Inc., shares in Tilray took a ride reminiscent of the Bitcoin craze and even the height of the dot-com bubble. [more...]
Bloomberg: Trump's Early Trade-War Advantage May Be Slipping by the Day
President Donald Trump may find it harder to claim victory over China the longer his trade war runs, even as he points to America’s ebullient economy and stock market as evidence he’s winning for now. [more...]
Bloomberg: Hackers Steal $60 Million From Japanese Crypto Exchange Zaif
Hackers stole $60 million of digital coins from a Japanese exchange, the latest in a string of thefts that have kept many institutional investors wary of putting their money in cryptocurrencies. [more...]
Bloomberg: The Pot Rally Just Minted Three New Billionaires
The first private equity firm focused exclusively on the cannabis industry has spawned three billionaires. Brendan Kennedy, Michael Blue and Christian Groh founded Seattle-based Privateer Holdings Inc. in May 2010 and the firm later invested in Canadian pot firm Tilray Inc., whose market value topped $21 billion Wednesday after surging more than 1,200 percent in the past two months. [more...]
Bloomberg: The Hype Around Pot Stocks Is Catching Up to the Crypto Craze
Crypto stocks were all the rage last year, until they weren’t. Will cannabis companies meet the same fate? Shares of Tilray Inc. have rallied more than 1,000 percent since the Canadian pot firm went public in July, leaving some of the most hyped digital-currency companies in the dust. [more...]
Bloomberg: Pound Falters on Report of May's Rejection of EU Brexit Plans
The pound erased an earlier advance after The Times reported that U.K. Prime Minister Theresa May was preparing to reject the European Union’s improved offer to solve the Irish border issue. [more...]
Reuters: Cboe exchange turns to machines to police its 'fear gauge'
Hard pressed to quash allegations that its popular “fear gauge” is being manipulated, Cboe Global Markets (CBOE.Z) is turning to artificial intelligence to help put those concerns to rest. [more...]
Reuters: China plans import tariff cuts as soon as October: Bloomberg
China plans to reduce the average tariff rate on imports from most of its trading partners as soon as October, Bloomberg News reported on Thursday. [more...]
CNBC: Jack Ma says he won't ever come back to lead Alibaba after he leaves next year
Jack Ma, the iconic co-founder of Chinese e-commerce giant Alibaba, said Thursday that he will not return to run the company after his planned departure next year. [more...]
CNBC: The 'Great Bull' market is 'dead,' and here's what's next, Bank of America predicts
The "Great Bull" market that came after the financial crisis is dead due to slowing economic growth, rising interest rates and too much debt, according to a Bank of America Merrill Lynch analysis. [more...]
CNBC: Brexit's big irony: The EU looks like it's trying to rescue the UK's embattled prime minister
As battles over Britain's final Brexit proposals continue to cause divisions within Theresa May's government and the U.K. parliament, support for the British prime minister and her leadership is coming from an unlikely source — Europe. [more...]

Todays Markets

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: Jack Ma Warns Alibaba, China to Prepare for 20-Year Trade War
Alibaba Group Holding Ltd. co-founder Jack Ma cautioned China’s business and political leaders to prepare for the trade war with the U.S. to last longer and have a bigger impact than most people think. [more...]
Bloomberg: Stocks Rally Extends to Second Day; Yuan Advances: Markets Wrap
Stocks extended a rally in Asia as investors wagered the world’s two-biggest economies have time to iron out trade differences in the wake of the latest salvos on tariffs. The yuan advanced as Premier Li Keqiang said China won’t devalue its currency. [more...]
Bloomberg: Tesla Is Facing U.S. Criminal Probe Over Elon Musk Statements
Tesla Inc. is under investigation by the Justice Department over public statements made by the company and Chief Executive Officer Elon Musk, according to two people familiar with the matter. The criminal probe is running alongside a previously reported civil inquiry by securities regulators. [more...]
Bloomberg: This Is the World's Most Disappointing Stock
or the most disappointing stock trade in the world this year, step forward Tencent Holdings Ltd. Of the 10 companies worth more than $100 billion that analysts predominantly rate as buy, Tencent has by some distance had the worst 2018, data compiled by Bloomberg show.  [more...]
Bloomberg: Bond Traders See 2019 as Battleground for Bets on Fed Rate Path
For the world’s biggest bond market, 2019 is turning into a battleground for bets on the path of U.S. monetary policy. Investors in recent weeks have moved closer to the Federal Reserve’s projected path of three rate hikes next year -- they’re now pricing in two, following increases next week and in December. [more...]
Bloomberg: Europe's August Car Sales Surge Ahead of New Emissions Tests
European car registrations skyrocketed in August as automakers hurried to get vehicles out the factory door before the start of new emission-testing regulations. [more...]
Bloomberg: Morgan Stanley Sees $2.5 Billion Equity Raise for Troubled Tesla
Tesla Inc. could raise funds as soon as this year as Elon Musk’s company ramps up production and prepares for maturing debt, analysts at Morgan Stanley predict. [more...]
Bloomberg: JPMorgan Asset Sees Room for Investors to Stay in Risk – For Now
Investors bracing for the next global market slump can afford to stick it out in riskier assets for at least another year -- but it also doesn’t hurt to keep an eye on the exits, according to JPMorgan Asset Management. [more...]
Bloomberg: Goldman Fund Buys Turkey, Argentina Debt, Says Rout Overdone
Goldman Sachs Asset Management is buying Turkish and Argentinian government debt as it bets on the worst-performing emerging markets to offer some of the more profitable bond trades this year. [more...]
Reuters: Inside China's strategy in the soybean trade war
The executive from one of China’s biggest soybean crushers sat on a panel at a Kansas City agricultural exports conference, listening to an expert beside him explain why China would remain dependent on U.S. soybeans to feed its massive hog herds. [more...]
Reuters: China to penalize $60 billion of U.S. imports in tit-for-tat move
China and the United States plunged deeper into a trade war on Tuesday after Beijing added $60 billion of U.S. products to its import tariff list in retaliation for President Donald Trump’s planned levies on $200 billion worth of Chinese goods. [more...]
CNBC: China's second-in-command: We're facing 'greater difficulties' in keeping economy stable
As U.S.-China trade tensions are escalating, Chinese Premier Li Keqiang said Wednesday his government is able to help the domestic economy withstand challenges. [more...]
CNBC: JP Morgan Chase: Emerging markets selloff is overdone, and investors should consider China
The recent selloff in emerging markets has been overblown, and there are opportunities now for investors, according to the chief executive of J.P. Morgan Chase's China business. [more...]