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 Attempt November Rally; Pound Jumps: Markets Wrap
Most stocks in Asia advanced Thursday, building on a rally in global equities in the final two days of what was still their worst month in more than six years. The pound climbed on hopes for progress in Brexit negotiations and the dollar weakened. [more...]
Bloomberg: Stocks Rally on Tech Surge to Close Volatile Month: Markets Wrap
U.S. stocks rallied for a second day to close out one of the worst months of the bull market on an upbeat note. The dollar added to a 16-month high and Treasury yields jumped. [more...]
Bloomberg: Where to Do Business in 2019. And Where to Avoid
China is closing the gap with its chief economic rival the U.S. as a hassle-free place to do business. In the World Bank’s annual ranking of bureaucracy-busting economies, New Zealand again claimed the top spot after making it cheaper to set up a company. [more...]
Bloomberg: China Signals More Stimulus Measures Planned
China’s leadership signaled that further stimulus measures are being planned, as disappointing economic data showed that the current piecemeal approach isn’t working. [more...]
Bloomberg: SocGen Cuts Stock Allocation, Says S&P 500 May Drop Below 2,500
Higher credit yields may finally be affecting the U.S. stock market and it’s time to reduce the allocation of assets to equities versus bonds, according to Societe Generale SA. [more...]
Bloomberg: Credit Suisse Turnaround Runs Out of Steam With Loss in Markets
Credit Suisse Group AG’s turnaround is running out of steam just as the bank enters the final stretch of its overhaul. [more...]
Bloomberg: BOE Rate Decision, Brexit Deal, Eurozone, Asia Slowdown: Eco Day
The BOE is seen voting 9-0 to stand pat today, although the Budget and Brexit will weigh on the discussion. This week’s fiscal giveaway bolsters the case for a near-term rate hike, but with Brexit talks at a critical stage, a hawkish turn is unlikely. [more...]
Bloomberg: Corporate Debt Is Heading for Worst Month Since February's Rout
Investment-grade bonds are set for the worst month since February’s rout. U.S. high-grade debt is headed for a decline of 1.2 percent this month and the worst October in a decade, according to the Bloomberg Barclays Indexes. [more...]
Bloomberg: Goldman Says Yuan Will Hit 7 as China Avoids Heavy Meddling
China’s policy makers will likely allow the yuan to hit the key level of 7 per dollar within the next six months without conducting heavy intervention, according to Goldman Sachs Group Inc. [more...]
Bloomberg: Emerging-Market October Sell-Off Signals Consolidation in Store
Emerging markets finished October in the red as the global stock selloff, concern over the Federal Reserve’s tightening path and an escalation in the U.S.-China trade war scupper the chance of a recovery in this year’s worst-hit economies. [more...]
Reuters: More U.S. tariffs on China goods not 'set in stone': White House adviser
U.S. President Donald Trump has not “set in stone” any decisions on escalating tariffs on Chinese goods and may withdraw some duties if there are promising policy discussions with China, White House economic adviser Larry Kudlow said on Wednesday. [more...]
Reuters: UK, EU agree tentative Brexit deal on financial services: The Times
British Prime Minister Theresa May has struck a tentative deal with the European Union that would give UK financial services companies continued access to European markets after Brexit, the Times reported on Thursday. [more...]
CNBC: Banks are adapting to get through ‘extinction phase’ spurred by new tech
Pedigrees, some stretching back centuries, are of little use to global banks unless they aggressively adapt to new financial technologies. That’s long been true, but the pace of innovation means financial juggernauts now face what one top executive likened to a mass extinction event. [more...]
CNBC: Crude oil is doing something it hasn't done in years
Energy expert John Kilduff sees an unusual phenomenon affecting crude oil and beaten-down stocks. According to the Again Capital founding partner, oil and stocks have embarked on the closest trading relationship since early 2016 and during the financial crisis sell-off. [more...]
CNBC: The stock market lost nearly $2 trillion in October. Here's what happened
October was a rough ride for U.S. stocks, which despite regaining a portion of the month's losses Wednesday ended as one of the worst months since the financial crisis. [more...]
Currency Strength Indicators
Image
​​​​​​​The currency strength meter gives you a quick visual guide to which currencies are currently strong, and which ones are weak. The meter measures the strength of all forex cross pairs and applies calculations on them to determine the overall strength for each individual currency. For example, if EUR is strong and USD is weak, it could mean that the currency pair EURUSD could be going up. If both currencies are strong or weak it is better to avoid since it will probably means there is no clear direction for the specific pair.

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 Rally Into Turbulent Month's End; Bonds Dip: Markets Wrap
Stock markets in Asia advanced on the last day of what is shaping up as the worst month for global stocks in more than six years. The dollar edged higher with Treasury yields. [more...]
Bloomberg: Billionaires Chase ‘SpaceX Moment’ for the Holy Grail of Energy
Not long before he died, tech visionary Paul Allen traveled to the south of France for a personal tour of a 35-country quest to replicate the workings of the Sun. The goal is to one day produce clean, almost limitless energy by fusing atoms together rather than splitting them apart. [more...]
Bloomberg: Traders See Little Hope in World's Worst Stock Market This Month
For South Korean stock investors, Tuesday’s rebound did little to revive optimism. Sentiment among fund managers remains decisively negative as the benchmark Kospi Index heads for the world’s biggest monthly slide after entering bear territory last week. [more...]
Bloomberg: Oil Set for Biggest Monthly Decline Since 2016 on Growth Fears
Oil’s on track for its worst month since 2016 as the specter of a slowing global economy haunts the market that’s grappling with growing U.S. inventories and mixed signals from producers. [more...]
Bloomberg: China Feels Trade War Pain as Export Gauge Signals Worse to Come
The first official gauge of China’s economy in October showed manufacturing activity continued to worsen, as the effects of an ongoing trade war with the U.S. hit home. [more...]
Bloomberg: Bitcoin’s Halloween Birth 10 Years Ago Led to Unimaginable Gains
Happy Anniversary to Bitcoin! It was Halloween 2008 when Satoshi Nakamoto, which may be a pseudonym for one or more programmers, published a paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System.” [more...]
Bloomberg: Japan’s Central Bank Stands Pat as Risks Rise in Long Battle to Stoke Inflation
The Bank of Japan stayed the course on monetary stimulus while confirming in updated price forecasts that it won’t meet its inflation target for years to come. [more...]
Bloomberg: Damaged Australian Dollar May Sink to 9-Year Low
Australia’s dollar may drop to a nine-year low of 67 U.S. cents as the central bank is set to become even more dovish and lean more toward cutting interest rates, according to money manager Hexavest Inc. [more...]
Bloomberg: Goldman Says the Return of Fear Is a Good Thing for Gold
Goldman Sachs Group Inc. says that “fear” has made a comeback and gold is benefiting as stocks slide and investors fret more about the possibility that the U.S. economy may tumble back into recession. [more...]
Bloomberg: Bitcoin Is Now the Least Volatile Since Late 2016
Just as traditional financial markets are getting interesting, the 30-day volatility of the most valuable cryptocurrency has plunged to the lowest since December 2016, months before its head-spinning bull run even began in mid-2017.  [more...]
Reuters: Asia stocks rise at end of grim October, on track for worst month since 2011
Asian stocks clawed up from 20-month lows on Wednesday amid pledges by China to support its markets, but investor confidence was brittle after equity markets bled trillions of dollars in a grim October. [more...]
Reuters: Oil prices rise for first time in three days, but trade war drags
Oil prices climbed for the first time in three days on Wednesday, but rising supply and fears over the outlook for demand amid the U.S.-China trade war kept pressure on the market. [more...]
CNBC: Santander posts earnings in line with expectations as third-quarter profits surge
Banco Santander reported earnings in line with expectations on Wednesday, supported by a solid performance in Brazil and Spain. The euro zone’s largest bank by market vale posted attributable net profit of 1.99 billion euros ($2.256 billion) for the three-month period ending Sept 30. [more...]
CNBC: China reports lower-than-expected manufacturing growth 
China reported slower manufacturing growth in October for the second straight month as the country’s trade war dispute with the U.S. continues. Official manufacturing Purchasing Managers’ Index (PMI) was 50.2 — lower than the 50.6 that analysts expected in a Reuters poll. The official manufacturing PMI was 50.8 in September. [more...]
Currency Strength Indicators
Image
​​​​​​​The currency strength meter gives you a quick visual guide to which currencies are currently strong, and which ones are weak. The meter measures the strength of all forex cross pairs and applies calculations on them to determine the overall strength for each individual currency. For example, if EUR is strong and USD is weak, it could mean that the currency pair EURUSD could be going up. If both currencies are strong or weak it is better to avoid since it will probably means there is no clear direction for the specific pair.

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, U.S. Futures Rise on Trump China Deal Talk: Markets Wrap
Stocks in Asia and U.S. futures turned higher after President Donald Trump spoke about a “great” deal with China on trade, helping ease concerns after a report that the U.S. is preparing to put tariffs on all Chinese imports. The dollar steadied and Treasury yields climbed. [more...]
Bloomberg: The Mystery of the New Boeing Jet That Plunged Into the Sea, Killing 189
Investigators are beginning the grim task of determining why a brand-new Boeing Co. 737 Max jet flown by Indonesia’s Lion Air plunged into the Java Sea minutes after takeoff, killing all 189 people on board. [more...]
Bloomberg: China’s Yuan Drops to a Decade-Low, 7 Per Dollar Now in Sight
China’s yuan slid to the weakest level since May 2008, moving closer to the key level of 7 per dollar, as the central bank cut its daily fixing and on signs that a trade war with the U.S. may escalate. [more...]
Bloomberg: Oil Holds Losses on Escalating Trade War and U.S. Inventory Risk
Oil held losses near $67 a barrel on speculation that an escalating trade dispute between the U.S. and China will dampen global growth at a time when American crude inventories are growing. [more...]
Bloomberg: Bust Looms Over $60 Billion Splurge by Korean Chip Giants
Record spending by South Korea’s semiconductor giants is raising the specter of another downturn in the chip industry’s boom-bust cycle. Samsung Electronics Co. and SK Hynix Inc., the biggest makers of the memory chips used in mobile devices, have announced about $60 billion of investments in facilities that each year could pump out millions of silicon wafers -- the building blocks of semiconductors. [more...]
Bloomberg: Bitcoin’s Long-Term Trend Lines Suggests Downswing Isn't Over Yet
Bitcoin bulls could be in for more bad news. Long-term technical indicators suggest the battered digital currency is poised to continue its slump. A technical analysis of DVAN long-term trend lines shows Bitcoin resuming its recent downward trend. Its baseline indicator, which has been hovering above its algorithm line, does not portend a positive future. [more...]
Bloomberg: Yield Curve Isn't Lying About Next Recession, Guggenheim Says
Investors continue to ignore the flattening yield curve at their peril, according to Guggenheim Partners. [more...]
Bloomberg: U.K. Gig Economy Faces Biggest Test as Uber Heads to Court
Just months after Uber Technologies Inc. persuaded a London judge to allow it to keep operating in the city, the ride-hailing company is back in court. At stake this time is an issue that could strike at the core of the U.K.’s burgeoning gig economy: whether Uber’s drivers are really self-employed. [more...]
Bloomberg: Goldman Says the Return of Fear Is a Good Thing for Gold
Goldman Sachs Group Inc. says that “fear” has made a comeback and gold is benefiting as stocks slide and investors fret more about the possibility that the U.S. economy may tumble back into recession. [more...]
Reuters: Exclusive: Defense firms see only hundreds of new U.S. jobs from Saudi mega deal
Every time President Donald Trump mentions the $110 billion arms deal he negotiated with Saudi Arabia last year, he quickly follows up, saying “It’s 500,000 jobs.” [more...]
Reuters: In two sessions, $200 billion of FANG market cap up in smoke
Facebook, Amazon.com, Netflix and Google-parent Alphabet were at the center of a volatile session on the U.S. stock market on Monday, cleaving $200 billion off of the so-called FANG group’s combined market capitalization in two sessions. [more...]
CNBC: Trade minister warns of ‘double whammy’ to global economy
Ongoing trade tensions that have hit market sentiments towards the end of the current business cycle could deal a “double whammy” to the global economy, said Singapore’s Minister for Trade and Industry Chan Chun Sing. [more...]
CNBC: BP earnings: Q3 net profit comes in at $3.8 billion, vs. $3.013 billion expected
BP beat analyst expectations on Tuesday. The British oil giant posted first-quarter underlying replacement cost profit, used as a proxy for net profit, of $3.8 billion for the three-month period ending Sept 30. Analysts at data firm Refinitiv had been expecting third-quarter net profit to come in at around £3.013 billion. [more...]
Currency Strength Indicators
Image
​​​​​​​The currency strength meter gives you a quick visual guide to which currencies are currently strong, and which ones are weak. The meter measures the strength of all forex cross pairs and applies calculations on them to determine the overall strength for each individual currency. For example, if EUR is strong and USD is weak, it could mean that the currency pair EURUSD could be going up. If both currencies are strong or weak it is better to avoid since it will probably means there is no clear direction for the specific pair.

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 Slide Again; U.S. Treasuries Hold Gains: Markets Wrap
Equities resumed declines on Monday after gains earlier in the Asian session, showcasing continuing investor unease as a brutal month winds down. Treasuries held gains from last week, with some traders reining in expectations for Federal Reserve monetary tightening. [more...]
Bloomberg: IBM to Acquire Linux Distributor Red Hat for $33.4 Billion
IBM agreed to acquire software maker Red Hat Inc. in a $33.4 billion bet on jump-starting its efforts to catch up in the cloud. [more...]
Bloomberg: Leicester City Owner Dies in Helicopter Crash
Vichai Srivaddhanaprabha, the Thai billionaire who stunned the sports world by taking perennially mediocre Leicester City to the pinnacle of English soccer in 2016, died when his helicopter crashed shortly after taking off from the club’s King Power Stadium over the weekend. He was 60. [more...]
Bloomberg: Lion Air Boeing 737 Crashes In Indonesia With 189 on Board
A Lion Air jet carrying 189 people crashed in the Java Sea off Indonesia, in potentially the worst commercial aviation disaster in three years. [more...]
Bloomberg: U.S.-Japan Tug of War Keeps Yen Traders on Their Toes This Month
A tug-of-war between Japanese and American traders has been keeping yen watchers busy in October, according to a pattern which has emerged in daily price moves for the currency several times this month. [more...]
Bloomberg: Early Indicators Show China's Slowdown Worsened Again in October
China’s economic growth continued to slow in October, a period in which the trade conflict with the U.S. has intensified and policy makers have stepped up support for businesses. [more...]

Bloomberg: Stock Market's `Whirlpool' Tests Pain Thresholds
Before trying to come up with any good, over-arching explanations for last week’s excitement in the stock market, I would like to offer this chart of Whirlpool Corp.’s share price. [more...]
Bloomberg: HSBC's Shares Surge After Bank Shows Progress Taming Its Costs
HSBC Holdings Plc Chief Executive Officer John Flint finally delivered the kind of growth that investors were waiting for, without having to spend too much to achieve it. The shares soared in Hong Kong trading. [more...]
Bloomberg: Emerging-Market Assets Fall Amid Global Stock Sell-Off
Emerging-market assets extended declines last week amid a global rout in equities and as the dollar soared to the highest this year. An MSCI index of developing-nation stocks posted its fifth weekly drop, the longest streak since May 2016. [more...]
Bloomberg: British Cartel Traders Acquitted of Rigging Currency Market
Three British traders were acquitted of using an online chatroom to fix prices in the $5.1 trillion-a-day foreign exchange market, a blow to global efforts to police the industry. [more...]
Reuters: Trump’s Iran sanctions resolve faces test from oil-thirsty China, India
Shortly after U.S. President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling countries around the world the clock was ticking for them to cut oil purchases from the Islamic Republic to zero. [more...]
Reuters: Oil falls as investors wary of trade slowdown
Oil prices dipped on Monday amid cautious sentiment as a plunge in financial markets last week and dollar strength early this week underscored concerns that growth may be slowing, especially in Asia’s emerging economies. [more...]
CNBC: ‘There’s too much excitement’ about the UK budget - maybe for no reason
The U.K. government could announce as early as Monday extra spending plans — a hope that has raised interest in the government’s last draft budget before Brexit kicks in. [more...]
CNBC: Saudi prosecutor in charge of Khashoggi case arrives in Istanbul
The Saudi public prosecutor heading the investigation into the killing of Jamal Khashoggi arrived in Istanbul overnight, the state-owned Anadolu news agency said on Monday, ahead of expected talks with the Istanbul chief prosecutor. [more...]
Currency Strength Indicators
Image
​​​​​​​The currency strength meter gives you a quick visual guide to which currencies are currently strong, and which ones are weak. The meter measures the strength of all forex cross pairs and applies calculations on them to determine the overall strength for each individual currency. For example, if EUR is strong and USD is weak, it could mean that the currency pair EURUSD could be going up. If both currencies are strong or weak it is better to avoid since it will probably means there is no clear direction for the specific pair.

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 Fall Alongside U.S. Futures; Bonds Climb: Markets Wrap
Asian stocks extended declines at the end of a torrid week that dragged the region’s equities deeper into a bear market. Treasuries rose and U.S. equity futures fell after disappointing reports from technology bellwethers. [more...]
Bloomberg: Stocks Roar Back, Erasing Most of Yesterday’s Loss: Markets Wrap
U.S. stocks surged back into positive territory, with the Nasdaq Composite Index registering its biggest increase since March, a day after a broad-based rout sent equities negative for the year. Yields on Treasuries rose and the dollar strengthened to the highest level this year. [more...]
Bloomberg: Technical Correction? Here's Why That May Be Bad News for Stocks
As tempting as it may be to chase the bounce, investors should resist the urge, warned some of Wall Street’s most widely followed analysts who use price charts to predict the stock market’s direction. [more...]
Bloomberg: Asia Bulls Are Unbowed With Stock Signal on Economy Seen Shaky
Viewing every equity rupture as a sign of economic apocalypse would’ve lost you money in 2015 and 2016. Traders coping with the worst year for Asian stocks in seven see no reason that won’t be true again. [more...]
Bloomberg: Dollar Hits Third Straight 2018 High as Divergence Re-Emerges
A relatively upbeat Mario Draghi did little to dent the dollar’s rip higher as investors re-focused on the divergent U.S. and euro-area economies. The greenback set a 2018 high for a third straight day even as the European Central Bank chief said risks to euro-area growth remain “broadly balanced,” as he kept rates at zero. [more...]
Bloomberg: Nowhere to Hide as World of Cross-Asset Pain Engulfs Investors
The October stock rout has delivered a wake-up call to money managers searching for shelter this year. Swelling dollar funding costs, equity volatility and fissures in the synchronized growth story are punishing assets across the globe. [more...]
Bloomberg: Here Are the Reasons China's Equity Rout Is Getting Even Worse
Chinese equities have already lost $3 trillion in market value since January, and hopes for better days ahead are fading. Anyone counting on a breather in this year’s final stretch got slapped with another 8.4 percent drop for the Shanghai Composite Index so far in October, putting it on course for its worst month since early 2016.  [more...]
Bloomberg: Citigroup Increases Bullish Treasuries Call as U.S. Growth Slows
Goldilocks has left the U.S. economy and bond bears will likely go with her, according to Citigroup Inc. The bank’s strategists increased their overweight recommendation on Treasuries Thursday.  [more...]
Reuters: Asia stocks, S&P futures slide as investors flee risk amid growth fears
Asian shares tumbled to 20-month lows and S&P futures fell sharply at the end of a turbulent week for financial markets on Friday, as anxiety over the outlook for U.S. corporate profits added to lingering fears about global trade and economic growth. [more...]
Reuters: Tech stocks battered after disappointing Amazon and Alphabet results
So-called FANG stocks and other tech shares sank in extended trade on Thursday following disappointing quarterly reports from Amazon.com and Alphabet. [more...]
CNBC: Asia is more vulnerable than the US to stock market sell-off, analyst says
As volatile U.S. and Asian stock markets trend lower, it’s Asia that could emerge as the bigger loser, given the region’s softer economic prospects, one expert said. [more...]
CNBC: RBS posts weaker-than-expected results on ‘uncertain economic outlook’
The Royal Bank of Scotland reported lower-than-expected results for the third quarter of this year on Friday, on the back of a “highly competitive market and an uncertain economic outlook.” [more...]