Markets News Oil 

Oil prices gain as U.S. crude supplies fall a second week in a row

“Oil prices gained on Wednesday after the U.S. government said domestic crude supplies declined for a second week in a row, though by much less than the market expected” writes Markets Commodities Reporter for marketwatch.com. The Energy Information Administration reported early Wednesday that U.S. crude supplies fell by 1.2 million barrels for the week ended Dec. 7.Meanwhile, crude prices continued to be supported by a supply outage in Libya.However, analysts and traders, on average, expected to see a larger decline of 2.8 million barrels in crude supplies, according to a…

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News Oil Regulators 

U.S. consumer prices flat; underlying inflation firm

“Despite the firmness in core consumer prices, the overall inflation outlook is benign amid falling oil prices and signs of slowing economic growth both in the United States and overseas” writes Midwest Communications Inc for 95kqds.com. With oil prices falling sharply since October, gasoline could become even cheaper.WASHINGTON (Reuters) – U.S. consumer prices were unchanged in November, held back by a sharp decline in the price of gasoline, but underlying inflation pressures remained firm amid rising rents and healthcare costs.Brent crude oil prices have dropped almost 30 percent.But with oil…

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News Oil 

Oil prices gain on sign of U.S. inventory dip

“Crude prices continued to be supported by a supply outage in Libya” writes Rachel Koning Beals for marketwatch.com. On average, analysts surveyed by The Wall Street Journal expect the EIA to report a decline of 2.8 million barrels in crude supplies.Roughly 400,000 barrels a day of oil have come offline, according to analysts.The country’s national oil company has declared force majeure on exports from the El Sharara oil field following an attack by a militia group over the weekend. Source: marketwatch.com Share This:

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Gold holds small gain after November inflation data

“Gold futures held on to a small gain Wednesday after data showed U.S. inflation remained flat in November” writes Deputy Markets Editor for marketwatch.com. The U.S. yield curve has flattened in 2018 but has yet to see the sort of inversion that typically trips alarm bells.An inverted yield curve, in which short-dated Treasury yields rise above longer-dated yields, is often viewed as a potential recession harbinger.A stronger dollar kept gold under pressure in Tuesday’s session.Volatility in stocks and other financial markets can also affect gold, which is often viewed as…

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Cowen’s internet analyst calls Amazon his best idea for 2019, sees a 40% gain

“Amazon shares have fallen from their highs earlier this year that brought the company to a $1 trillion valuation” writes Reuters Pascal Rossignol for cnbc.com. “Amazon’s advertising, while still nascent, will drive both revenue growth and margin opportunity.”. Cowen’s internet analyst says Amazon is his best idea for 2019 because multiple opportunities will generate solid revenue and margin growth in the coming years including internationally, in the cloud business and advertising.”Amazon Web Services should enjoy years of secular tailwinds driving revenue CAGR of 31 percent from 2019 to 2024 as…

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Brokers Markets News 

Retail Brokers’ Shares in 2018: Declines & Buybacks

“The year has been quite a tumultuous one for shareholders of publicly listed retail brokers” writes Victor Golovtchenko for financemagnates.com. Plus500 and GAIN Capital have been maintaining an effective floor for their shares’ value over the past several months.Retail brokers can now focus on implementing their long-term plans to tackle the new regulatory environment.Publicly listed and private retail brokers have been looking for ways to mitigate the impact of the new regulations in several areas. Source: financemagnates.com Share This:

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Gain Your Competitive Edge with Our New Intelligence Report

“In QIR3 we also take a look at the retail FX/CFD industry, comparing critical operating metrics of retail brokers” writes Sylwester Majewski for financemagnates.com. As we are preparing for an end of the year, the FX/CFD industry still mulls over Q3, which is now behind us.Our article on this issue continues a subject matter that was touched on by Finance Magnates in our online publication.This issue of our QIR report could not miss the subject of the impact of ESMA regulations on the industry. Source: financemagnates.com Share This:

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Markets News Stocks 

Stock-market gains give rise to another gain in household wealth

“Household debt rose at a 3.4% clip, with mortgage debt rising 3.1% while consumer credit rose 5.4%” writes D C for marketwatch.com. The numbers: Mostly due to a rising stock market, the net worth of households rose in the third quarter.What happened: The buildup of financial wealth was concentrated in the stock market, which the Fed said rose by $1.2 trillion during the quarter.The rise in the stock market SPX, -1.45%  gave way to rising valuations, with equities to net worth (or Tobin’s Q) reaching 123.81%, the highest in 18…

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Instant Payments Gain Ground With SEPA, SWIFT

“The service, as has been reported, lets customers make instant payments from inside the Single Euro Payments Area (also known as SEPA)” reports pymnts.com. The payment messaging entity SWIFT this past week began implementing its SWIFTNet Instant service that is tied to the Eurosystem’s TARGET Instant Payment Settlement service.He told Webster in the interview for the weekly Monday conversation that the transition to instant payments has been smoothed somewhat by the fact that the scheme is based on international open standards.The instant payments system launched last year by EBA Clearing…

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Markets News Stocks 

Dow tumbles nearly 800 points as Tuesday losses gain steam; 10-year yield hits 2.88%

“The Dow Jones Industrial Average and the broader stock market on Tuesday skidded sharply lower, relinquishing all of Monday’s post-G-20 rally–and then some” writes Mark Decambre for marketwatch.com. The Dow DJIA, -2.68% was down 754 points, or 2.9%, at 25,076.A day ago, the stock market climbed with risk appetite as President Donald Trump and China’s leader Xi Jinping forged a momentary pause in trade hostilities at the sidelines of the Group of 20 summit in Argentina.The S&P 500 index SPX, -2.86% was off 3% at 2,707, while the Nasdaq Composite…

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