Crypto Futures Markets News 

JPMorgan Chase Analysts Say Prolonged Crypto Bear Market Is Scaring Off Institutions

“Analysts from global investment bank JPMorgan Chase believe that the protracted crypto bear market is driving away institutional investors, Bloomberg reports on Tuesday, Dec. 18” writes Helen Partz for cointelegraph.com. They purportedly claim that in the past month the index reached its “lowest levels” since the launch of Bitcoin futures trading on Dec. 10, 2017.Moreover, JPMorgan reportedly stated that the average transaction size in the crypto market has dropped to lower than $160, opposed to about $5,000 one year ago.The experts reportedly noted the decreasing index of open interest (OI)…

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Futures News Oil 

Oil bounces back from weekly decline

“Oil futures moved higher Monday, as the market attempted to stabilize following another weekly loss and traders focused on output cuts by major producers set to take effect early next year” writes Deputy Markets Editor for marketwatch.com. Natural gas built on a sharp decline seen last week on forecasts for warmer-than-normal to normal temperatures to the end of the month.Oil at times took its cues from weakness in equities, analysts said. Source: marketwatch.com Share This:

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Under Armour leaves some analysts questioning whether its outlook is achievable

“By 2023, the company expects revenue to return to a double-digit growth rate, including a mid-to-high single-digit five-year compounded annual growth rate (CAGR)” writes Tonya Garcia for marketwatch.com. Initial fiscal 2019 guidance is for revenue growth of about 3% to 4% with a low-double digit percentage increase internationally, but flat results in North America.Revenue growth looks “sluggish” in 2019, and maybe 2020 as well.Even if the vision is impressive, Wedbush analysts led by Christopher Svezia are concerned about execution. Source: marketwatch.com Share This:

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Coke shares downgraded by UBS as ‘change is in the air’

“Changes are coming at Coca-Cola and not all of them may be good for the soft drink giant, according to UBS analysts who downgraded the shares” writes Jeff Cox for cnbc.com. “KO is a stock for stable earnings growth to ride out defensive times but change is in the air as price increases set-in, the company pursues a transformational non-core deal (Costa), refranchising nears completion and a new CFO takes the helm,” UBS said in a research note. Source: cnbc.com Share This:

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Futures News 

Gold edges lower, while record-breaking palladium hogs the spotlight

“Gold futures drifted lower Thursday, but metals traders remained focused on palladium a day after the industrial metal notched another record close” writes Deputy Markets Editor for marketwatch.com. Gold futures for February delivery GCG9, -0.30%  were off $3.60, or 0.3%, to $1,246.40 an ounce, while March silver SIH9, -0.28%  declined 5 cents, or 0.3%, to $14.80 an ounce.March palladium PAH9, +0.08%  , meanwhile, was off $2.50, or 0.2%, to $1,192 an ounce.The contract earlier was trading as high as $1,199, according to FactSet, a day after settling at a record…

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Asian shares surge as US-China trade thaw seen, sterling wobbles

“Major economic growth targets and policy goals are discussed but typically not publicly announced until the National People’s Congress in March” writes Midwest Communications Inc for 95kqds.com. Regional gains were concentrated in Chinese shares, with Chinese blue-chips up 1.9 percent and Hong Kong’s Hang Seng index gaining 1.4 percent.Some analysts expect China’s economic growth could slow to around 6 percent next year, the slowest pace since 1990, from around 6.5 percent in 2018. Source: 95kqds.com Share This:

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KBW downgrades bank sector on poor economic outlook, says other analysts will follow

“It also lowered banks’ earnings estimates for 2019 and 2020 and said it expected other analysts to do the same” writes Xinhua News Agency for cnbc.com. Rising interest rates, low loan losses and easing regulations were other reasons the sector was supposed to outperform this year.Last December, investors piled into bank stocks after the Trump administration’s corporate tax cuts added billions of dollars to earnings estimates for 2018.Now analysts have begun to lose faith in the industry after their recommendations for 2018 fell flat. Source: cnbc.com Share This:

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GBP Markets News 

‘Like playing darts while riding a unicycle’: Markets just don’t know what to make of UK politics right now

“Traders in the City of London are struggling to make sense of the markets after the shocking move by Prime Minister Theresa May’s own party to try and oust her from power” writes Callum Burroughs for businessinsider.com. “Trying to forecast market movements based on the outcome of unpredictable political events is a bit like trying to play darts while riding a unicycle. Source: businessinsider.com Share This:

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Markets News Oil 

A big market collapse and $20 oil make the list of Nomura’s ‘grey swan’ predictions for 2019

“While black swans are impossible to predict, Nomura analysts have put nine “grey swans” for 2019 on their radar” writes Design Pics Inc for cnbc.com. A few of those in 2018 were the emerging markets currencies retreat, the volatility spike in February and the global equity sell-off. “None of these are our base case, and instead are more an exercise in forcing us to think outside our usual base scenario-risk modes of thinking,” said the team of currency, fixed income and economic analysts at the firm. Source: cnbc.com Share This:

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The rise of robots might make coffee obsolete, according to RBC analysts

“Instead, RBC analysts theorize that people will seek beverages that keep them awake to “think and become more creative.”” writes Kate Taylor for businessinsider.com. The rise of robots could lead to an unexpected consequence, according to a new RBC Capital Markets report.In one eerie aside, RBC analysts ask: “What if AI and machine-learning techniques become so advanced that data and logic drive every human decision over emotions?.  Source: businessinsider.com Share This:

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