News 

Germany December Ifo business climate index 101.0 vs 101.7 expected

“A minor data point on the day though” reports forexlive.com. Do be reminded the Ifo changed the indicator measurement to take into account of services data too as of April 2018.It highlights that economic sentiment towards the German economy is continuing to sour and that doesn’t bode well for confidence and investments.A measure of business conditions and sentiment/expectations towards the German economy. Source: forexlive.com Share This:

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Markets News 

Markets Right Now: Another steep drop pulls Dow down 500

“The Dow Jones Industrial Average plunged 500 points, its second straight drop of that size and its fourth big decline this month” reports thebusinessjournal.com. The S&P 500 index fell 21 points, or 0.8 percent, to 2,578.The S&P 500 index fell 8 points, or 0.3 percent, to 2,591.The market is now well into the red for the year and the S&P 500 index is trading at its lowest level since October 2017. Source: thebusinessjournal.com Share This:

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News Stocks 

Wall Street drops 1 percent as health stocks weigh; Nasdaq erases 2018 gains

“The S&P index recorded one new 52-week high and 89 new lows, while the Nasdaq recorded four new highs and 294 new lows” writes Midwest Communications Inc for 95kqds.com. The S&P healthcare index dropped 1.53 percent to cede its position as the best performing S&P sector this year to the defensive utilities index, which was off 0.48 percent on Monday. Source: 95kqds.com Share This:

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Markets News Regulators 

Asian shares hobbled by mounting risks to global growth

“The market’s retreat also reflected a worsening global economic outlook, with the latest evidence of slackening momentum coming from China and Europe” writes Midwest Communications Inc for 95kqds.com. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.1 percent in early Monday trade, led by losses in China and Hong Kong.The CSI 300 of Shanghai and Shenzhen share index dropped 0.9 percent Other markets showed some resilience. Source: 95kqds.com Share This:

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Markets News Stocks 

The worst could be finally over for Egypt stock market ahead of year end

“In market news, HSBC Securities Egypt announced that Moon Capital Partners Master Fund Limited has raised its stake in Global Telecom Holding (GTH) to 4.8% from 4.07%” writes Daily News Egypt for dailynewsegypt.com. Meanwhile, EFG Hermes expects interest rates in Egypt to decline by 2% next year, which could prompt another rally for Egypt stock market.In October, the Arab world’s largest listed cable company announced that the consortium received the preliminary approval to commence the construction of the project.Meanwhile, B Investments Holdings announced its investments in the renewable energy field…

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Markets News 

Small-cap S&P 600 index confirms bear market

“In contrast to large caps, small caps are generally more volatile and prone to more frequent bear market drops” reports businessinsider.com. On Friday, the small-cap S&P 600 Index fell 1.6 percent to mark a 20.05 percent decline from its Aug. 31 closing high.A drop of 20 percent or more from a record or long-standing high closing level is the typical definition of a bear market.Small caps last fell into a bear market between June 2015 and February 2016, when they fell 20.7 percent. Source: businessinsider.com Share This:

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Markets News Stocks 

European Banks’ Performance Is Worst Since 2011 Crisis

“They forecast a 15 percent outperformance for European banks by the end of the first quarter of 2019, as euro-area PMIs improve and Bund yields rise” reports etfdailynews.com. From Tyler Durden : As we approach the end of a dismal year for European stocks, the question is:  which sector had the worst year of them all?. With a few trading sessions left before the end of 2018, banks and autos are in a tight race to the bottom.While some may view the sector as cheap, it still seems that being…

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Futures News Stocks 

2018: The year volatility came home to roost

“Asset managers, leveraged funds and other reporting classes that make up the so-called buy side are net long VIX futures” reports businessinsider.com. The Cboe Volatility Index, a widely followed barometer of expected near-term volatility for stocks, has logged an average daily close of 15.8 so far in 2018, up from 11.2 last year.The resurgence was so extreme it derailed several products that employed VIX futures.Speculators’ positions in VIX futures have also undergone a sea change.Some VIX-linked products that thrived in the calm of 2017 went belly up, and the number…

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News 

Gold weakens as haven buying lifts U.S. dollar

“A round of weaker-than-expected Chinese economic data spooked global investors Friday, but failed to provide a lift for gold thanks to a stronger U.S. dollar” writes Saefong William Watts for marketwatch.com. Gold for February delivery on Comex GCG9, -0.45%  was off $9.20, or 0.7%, to $1,238.20 an ounce.The flash reading of the U.S. manufacturing purchasing managers index, however, fell to a 13-month low of 53.9 in December.March silver SIH9, -1.28%  fell 27.5 cents, or 1.9%, to $14.58 an ounce, with prices trading around 0.7% lower on the week. Source: marketwatch.com Share…

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Japan big manufacturers’ business outlook cautious

“TOKYO–Sentiment among Japan’s large manufacturers was unchanged in the three months to December, a central bank survey showed Friday, although they were cautious about their business outlook” writes Megumi Fujikawa for marketwatch.com. The index represents the percentage of companies saying business conditions are favorable minus those saying conditions are unfavorable. Big manufacturers expect profits to rise 0.1% this business year, based on an assumption that the dollar will trade at an average of 109.41 yen.But the tankan showed the headline index is expected to decline to 15 in the next…

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