A disconnect between equities, bonds and the currency market as tax reform legislation nears passage has one equity strategist concerned. The S&P 500 has rallied to record highs as investors price in hopes of corporate tax cuts, but the Treasury market and U.S. dollar are not behaving in a similarly bullish manner, said Matt Maley, […]
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Blame the stock market’s rally for the bitcoin craze that has swept financial markets these last few weeks. While debate rages over whether the digital currency is in a bubble, several market analysts say the cryptocurrency hype would not be possible unless financial markets overall were in the late stage of a bull market or […]
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Recent changes in the dynamics of Yemen’s civil conflict — widely seen as a proxy war between rivals Saudi Arabia and Iran — are making it very hard to predict what could happen next in the Middle East. Tensions between Saudi Arabia and Iran ramped up Tuesday following another missile launch from Houthi rebels in […]
Read moreThis is a breaking news story, please check back later for more. The International Monetary Fund (IMF) said that recent progress in Brexit talks was welcome, but added that there was a very long list of tasks ahead with a very ambitious timeframe. Source: cnbc IMF says UK growth seen around 1.5 percent for next […]
Read moreCryptocurrency exchange Coinbase is investigating a price increase in bitcoin offshoot bitcoin cash that happened hours before it said it would launch support for the new digital currency. The price of the digital coin was seen rising sharply before Coinbase announced its support for the buying and selling of bitcoin cash on its platform. It […]
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The Bank of England will on Wednesday unveil plans to allow European banks to operate in UK as normal post-Brexit, even in a “no deal” scenario, the BBC reported. European banks offering wholesale finance, money and services provided to businesses and each other, would be able to continue operating through branches without having to go […]
Read moreUber is a taxi company, according to a landmark ruling from Europe’s highest court. The European Court of Justice (ECJ) ruled Wednesday that the U.S. ride-hailing app is a transportation firm and not a digital company. The verdict is a long-awaited judgment expected to have major implications for how Uber is regulated throughout Europe. “Any […]
Read moreChina hit back at the U.S. after it branded the East Asian giant a competitor, accusing it of distorting the country’s intentions and adopting a “Cold War” mentality. Urging cooperation between the world’s two largest economies, Chinese foreign ministry spokeswoman Hua Chunying said at a scheduled press conference Tuesday afternoon that the U.S. and China […]
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The rebel region of Spain that declared itself independent is holding parliamentary elections later this week that will be a major test for pro-independence politicians and parties. Catalonia’s citizens go to the polls Thursday in what is widely seen as the latest test of sentiment in the region but polls show the contest between pro-secessionist […]
Read moreSaudi Arabia‘s 2018 budget may be its largest ever but the government must focus on the quality of spending, not just the quantity, according to experts. The Kingdom is prepared to increase spending to record levels next year — 978 billion riyals ($261 billion) — as it looks to diversify its economy away from energy […]
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