Heads-up News 

Frankfurt Trading Session Heads Up Wednesday, October 18, 2017

Frankfurt opening news digest Japan’s Upcoming Election Will Be Won Or Lost On Abenomics The governing Liberal Democratic Party will continue Abenomics if the LDP wins in the coming General Election. The other parties simply do not understand monetary policy.   Explanation And Examples Of How Invested Capital Turns Matter Invested capital turns are an important consideration in the analysis of return on invested capital (ROIC) and a key measure of balance sheet efficiency.   China’s Best Social Media And Internet Stocks Five MoneyShow.com contributors who follow technology stocks in…

Read More
Crypto News 

Bitmain may Lose a key Bitcoin Mining Hardware Patent to a Competitor

“A lot of Bitcoin users hope Bitmain less access to the patent in question” writes Jp Buntinx for livebitcoinnews.com. There is an interesting debacle taking place in the world of Bitcoin and cryptocurrency right now.Yang Zuoxing, former Bitmain director of design, is trying to revoke this patent moving forward. Source: livebitcoinnews.com Share This:

Read More
News Stocks 

Bipartisan Deal on Obamacare Subsidies Boosts Insurance Stocks

“Health insurance company stocks gained as Washington lawmakers inched closer to a bipartisan deal to shore up the Affordable Care Act” writes Emily Stewart for thestreet.com. Senators Lamar Alexander (R-TN) and Patty Murray (D-WA) have reached an agreement on a bipartisan fix to fund a key insurance subsidy program and provide states flexibility around parts of Obamacare.The maneuver could at least temporarily remedy a damaging blow President Donald Trump dealt to healthcare markets last week. Source: thestreet.com Share This:

Read More
Brokers Markets News 

Wind-down of options market making operations weighs on Interactive Brokers’ trading gains in Q3’2017

“The drop was attributed to lower market making trading volumes as Interactive Brokers finalized the wind-down of its US options market making business” reports financefeeds.com. The US options market-making business of Interactive Brokers used to be conducted by its Timber Hill affiliate.The deal was first announced in May this year, a couple of months after Interactive Brokers made public its plans to halt its options market-making operations.As FinanceFeeds reported earlier this month, Two Sigma Securities, LLC (TSS), the market-marking affiliate of Two Sigma Investments, LP, has completed the acquisition of…

Read More
GBP News 

The Quixotic Effort to Get a Better Brexit Deal

“As the Guardian reports, parliamentarians from multiple parties, including members of the ruling Conservative party, Labour party, the Liberal Democrats, the Scottish National Party, and the Greens, are pushing to make any Brexit deal subject to parliamentary approval” writes Yasmeen Serhan for theatlantic.com. The deluge of amendments prompted the British government to postpone debate on the bill this week, but even if parliamentarians are granted the power to veto any Brexit deal they deem unacceptable, it wouldn’t be enough to slow down or stop Brexit in its tracks.This would, conceivably,…

Read More
News Regulators 

Janet Yellen deserves a second term as Fed chair

“Gary Cohn, a senior Trump economic adviser, has no monetary-policy experience, and his performance developing a tax-reform framework for the Trump administration does not recommend him” reports washingtonpost.com. He should pick the person who already has a proven track record of competence and care in the conduct of the nation’s monetary policy: current Fed Chair Janet L. Yellen.The Fed has cautiously but steadily raised interest rates and recently announced the gradual unwinding of the asset purchasing program it undertook during the Great Recession.Despite new regulations and tightening monetary policies, the…

Read More
News Oil 

Canada natural gas emissions far worse than feared

“In one region dominated by heavy oil wells, researchers found that the type of heavy oil recovery used released 3.6 times more methane than previously believed” writes Ashifa Kassam for theguardian.com. However, they found that only 6% of methane emissions in this region were from industry-reported sources, with the remaining emissions, known as fugitive emissions, from unreported sources such as unintentional equipment leaks.The findings excluded mined oil sands, which are believed to be responsible for about 11% of methane emissions.The pioneering peer reviewed study, published in Environmental Science & Technology…

Read More
JPY News Reviews 

JPY Daily Review October 17, 2017

JPY Daily Review for October 17, 2017 Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB EUR/USD: Neutral (since 14 Sep 17, 1.1890): Recovery has room to extend higher to 1.1930. No change in view.The rapid and sharp pull-back in EUR last Friday came as a surprise. However, as highlighted in recent updates, as long as the key short-term support at 1.1760 support is intact, there is room for the current recovery to extend higher to 1.19   Japanese Yen May Rally On Contrarian Bias The combination of current sentiment…

Read More
News Stocks 

Two former Rio Tinto executives charged with fraud

“Two former top executives from mining conglomerate Rio Tinto PLC RIO, -0.46% have been charged with fraud, according to a Securities and Exchange Commission announcement Tuesday” writes Tech Reporter for marketwatch.com. Rio Tinto stock is down less than 1% to $49.50 after hours. Rio Tinto stock is up 29.5% this year, with the S&P 500 index SPX, +0.07% up 14.2%. Source: marketwatch.com Share This:

Read More
Heads-up News 

Tokyo Trading Session Heads Up Tuesday, October 17, 2017

Tokyo opening news digest Market strategist Marc Faber under fire for racist remarks “Thank God white people populated America, and not the blacks,” Faber wrote in his October note to investors.   Time For The Chinese Communist Party To Drop ‘Communist’ From Its Name The CCP is no longer a communist party in the conventional meaning of the term, and should consider changing its name into something else in the upcoming 19th Congress.   Morgan Stanley’s Crown Jewel Is No Longer Investment Banking Morgan Stanley’s wealth unit earned $1 billion…

Read More