Markets News Stocks 

Buy Lululemon for its ‘significant opportunities’ in international markets, Deutsche Bank says

“Deutsche Bank raised its rating for the apparel retailer’s shares to buy from hold, predicting Lululemon will report sales above expectations” writes Simon Dawson for cnbc.com. Investors should buy Lululemon shares because of its growth prospects overseas, according to one Wall Street firm.”LULU’s international growth pillar continues to reflect one of the company’s most significant opportunities,” he wrote.Trussell noted how Lululemon reported strong 7 percent comparable sales growth in the past two quarters.The analyst raised his price target for the company’s shares to $89 from $72, representing 20 percent upside…

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News 

HSBC’s currency expert gives his best trades for 2018

“What we’re saying is, where is the central bank not going to have forward guidance?” writes Natasha Turak for cnbc.com. Where’s the central bank just suddenly going to go ‘we’re going to raise rates’?. Bet on the Aussie dollar.Where is the central bank denying — and then going have to face — the reality?. There’s money to be made in currencies whose central banks will make an unpredictable move next year, said David Bloom, HSBC’s global head of foreign exchange strategy. Source: cnbc.com Share This:

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Crypto News 

One group of traders has risen to dominate bitcoin trading

“We think that retail investors are shifting from leveraged FX trading to leveraged cryptocurrency trading,” Muraki said” writes Akin Oyedele for businessinsider.com. “Japan accounts for a high 54% of global foreign exchange margin trading (leveraged FX trading), so Japanese retail investors are major players in FX markets.”. Japanese investors, mostly men, came to dominate trading after regulators started to shut down cryptocurrency exchanges in China.On Sunday, CME Group will be the second trading venue to launch futures trading, one week after Cboe Options Exchange.Many Japanese investors are engaged in leveraged…

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News Regulators 

The Latest: ECB did not discuss sudden end to stimulus

“The purchases will be cut to 30 billion euros ($35 billion) from 60 billion euros in January and extended through September, and longer if needed” reports foxbusiness.com. Draghi spoke after the ECB kept its key interest rates and stimulus programs on hold.The bank decided in October to reduce the purchases to 30 billion euros ($35 billion) a month from 60 billion euros and to extend them at least until September, or longer if necessary.European Central Bank President Mario Draghi says the bank is “closely monitoring” financial stability risks that could…

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Markets News 

We asked 2 of Citigroup’s top executives what they look for when hiring senior investment bankers

“Citigroup’s investment bank has been making strides in recent years to compete for top honors in the league tables” writes Alex Morrell for businessinsider.com. And the bank this week promoted 33 staff in its corporate and investment bank to managing director, along with seven staff in capital markets origination. Business Insider recently spoke with McGuire and Tyler Dickson, the global head of capital markets origination, about what they look for in hiring senior-level bankers: Responses have been lightly edited for length and clarity.One key to Citi’s success is talent — retaining their…

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Futures News 

Dow shapes up to hit fresh record, with retail sales data in focus

“Those expectations are upbeat for the holiday season, after retail sales got off to a solid start on Black Friday weekend” writes Markets Reporter for marketwatch.com. Retail sales data could provide the next leg-up for equities, with investors watching to see whether the 2017 holiday shopping season got off to a solid start.The November retail sales data is expected at 8:30 a.m.The Dow Jones Industrial Average DJIA, +0.33% ended at a record for the fourth-straight session on Wednesday, closing up 0.3% at 24,585.43, after the Fed raised interest rates in…

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News Regulators Stocks 

Banks drag European stocks down as investors eye BoE, ECB meetings

“Dassault Aviation shares fell 2.4 percent after the firm said it plans to axe and relaunch its Falcon 5X jet after engine delays” reports foxbusiness.com. Banks HSBC, Santander, Credit Suisse and UBS were the biggest drags to the STOXX. Attention turned to Europe’s central bank meetings later on Thursday with the Bank of England and European Central Bank both expected to keep rates on hold. Source: foxbusiness.com Share This:

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Brokers News 

Russian c-bank outlines new requirements for capital of Forex brokers

“The proposal is set to affect Forex brokers too, as the large majority of Forex companies that target Russian clientele do so online, without having the necessary Forex dealer license issued by the Bank of Russia” reports financefeeds.com. In the meantime, the Russian regulators are slowly moving towards tackling the activities of financial services companies, including Forex brokers, that target Russian clients without having the necessary regulatory permission.A new document that the Central Bank of Russia has filed with the Ministry of Justice proposes new formulas for the calculation of minimum…

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News 

Swiss National Bank holds key rate at minus 0.75%

“BERN, Switzerland–The Swiss National Bank on Thursday kept its deposit rate at minus 0.75% and said it was still willing to intervene in currency markets if the Swiss franc gets too strong” writes Brian Blackstone for marketwatch.com. Many economists expect the bank to keep rates steady well into next year or 2019, or at least until the European Central Bank begins raising its policy rate.The decision, which was expected by economists, came as Switzerland has started to see some benefit from the recent weakening of the franc, particularly versus the…

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News 

Almost 100 million people a year ‘forced to choose between food and healthcare’

“Almost 100 million people are pushed into extreme poverty each year because of debts accrued through healthcare expenses” writes Verity Bowman for theguardian.com. An estimated 72% of those spending 25% of their household budgets on healthcare live in Asia.Researchers found that more than 122 million people around the world are forced to live on $3.10 a day, the benchmark for “moderate poverty”, due to healthcare expenditure.A total of 800 million people spend more than 10% of their household budgets on “out-of-pocket” health expenses, defined as costs not covered by insurance.At…

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