Markets News 

Just when you think you’ve got the market figured out…

“There’s still much at play, as the market continues to figure out the new dynamics in the current environment” reports forexlive.com. Ranges remain narrow, but there is a general theme in the currency space and that is dollar strength.Anyway, rising yields appear to be the main catalyst for the dollar’s jump today (wait, what?) and if you think the dust has settled from the recent “correction” in equities and the rout in bonds, well it’d be too quick to jump the gun then. Source: forexlive.com Share This:

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Markets News 

Fidessa soars as it looks to profit from strict EU market rules 

“It is clear that technology will play a greater role in financial markets as the impact of new regulation takes effect,” he said” writes Lucy Burton for telegraph.co.uk. The group, which provides trading and infrastructure software to financial institutions, said in its full-year results that it was benefiting from a sweeping markets reform known as Mifid II as financial institutions were doubling down on their investment in technology.Announcing a boost in its dividend and revenues for the year to December 31, Fidessa chief executive Chris Aspinwall said the business had already noticed a boost in demand as a result…

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Crypto Markets News 

Bitcoin broke through $11,000 for the first time since January

“On Monday, bitcoin was trading below $11,000, at $10,789, at around 9:30 a.m” writes unknown author for cnbc.com. Bitcoin broke through the $11,000 mark over the weekend for the first time since the end of January as its price continues to slowly rise following a violent sell-off at the start of the month.In South Korea, a key market for bitcoin, there were fears that an outright ban on cryptocurrency trading could come into effect.The price of the cryptocurrency went as high as $11,279.18 on Sunday, its most elevated level since…

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Markets News Stocks 

Top stock exchange CEO urges caution over profit on controversial volatility products

“When it comes to issuing complex investment products like exchange-traded notes (ETNs), it’s better to be safe than sorry, says Euronext CEO Stephen Boujnah” writes Natasha Turak for cnbc.com. The CEO was speaking in reference to the high-risk, short-volatility ETNs that saw immense popularity over the last year, as extremely low-volatility market conditions became highly lucrative for those betting on calm market conditions.Speaking to CNBC Monday, the chief executive of the near $3.6 trillion pan-European exchange discussed the controversial ETNs that have taken a major hit from market volatility recently,…

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Markets News Stocks 

BlackRock is a lot more bullish on stocks with tax cuts ‘supercharging’ profits

“BlackRock strategists have turned increasingly bullish on U.S. stocks, raising them to overweight because fiscal stimulus is “supercharging U.S. earnings growth expectations.”” writes Patti Domm for cnbc.com. They expect earnings growth and dividends to fuel returns, in a market that already has historically high valuations.”We were encouraged by the strong top line numbers going into the fourth quarter, but now they’re supercharged by the tax cut and fiscal stimulus,” she said.Moore said BlackRock has had a high overweight on stocks relative to fixed income, but the firm was waiting for…

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Markets News 

‘No equity bear market but more corrections’ seen by Citi strategists

“However, they believed there was “no need for an equity bear market.”” writes unknown author for cnbc.com. Synchronized tapering of global central bank stimulus programs could prompt more volatility in equity and corporate and sovereign bonds, Citi global macro strategists said in a research note Monday.”Of course, only the Fed (U.S. central bank) is acting to reduce its balance sheet yet.Exploring current market themes, Citi’s Jeremy Hale, Maximilian Moldashl, Amir Amin, Jamie Fahy and Skylar Montgomery Koning added that there was no need for a “bear market.”.  Source: cnbc.com Share…

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Markets News Stocks 

European stocks end day with losses, driven lower by Daimler and Reckitt Benckiser

“Analysts said volumes for European markets would be lower than usual on Monday, with U.S. markets closed for the Presidents Day holiday” writes Markets Reporter for marketwatch.com. Read: Which markets are closed on Presidents Day?. European stocks closed lower Monday, dragged down in part by falls for consumer products heavyweight Reckitt Benckiser Group PLC and German automobile maker Daimler AG. Traders confronted a scarcity of catalysts in what was a relatively quiet day, with equity markets in the U.S. and China closed for holidays. Source: marketwatch.com Share This:

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Markets News 

Amazon got bigger than Microsoft by beating it at its own game

“On Wednesday, Amazon officially surpassed Microsoft’s market value, making it the third-largest publicly-traded company in the United States” writes Graham Rapier for businessinsider.com. In 2017, AWS brought in $18 billion of revenue for Amazon — 20% less than Microsoft’s competing cloud service’s $27.4 billion, but has been growing at a much more rapid pace. Source: businessinsider.com Share This:

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Markets News 

The Numbers Behind Payment Executives’ 2018 Forecasts

“The newest PYMNTS eBook is full of expert insight into the future of B2B payments, from commercial cards to accounts receivable” reports pymnts.com. In short, while 2017 was the year of payments disruption, 2018 will be the year of the satisfied customer.This week’s B2B Data Digest pulls some of the highlights from that eBook and serves up the numbers behind the forecasts. — $20 trillion: the expected valuation of the B2B payments market.As the payments industry continues to innovate, addressing the ongoing use of paper checks, especially in B2B transactions,…

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Crypto Markets News 

S&P Global: Bitcoin Is Unlikely to be a Destructive…

“A market intelligence group has said that cryptocurrencies such as bitcoin are a long way off from being a destructive force in the financial sector” writes Rebecca Campbell for livebitcoinnews.com. In a research note published today S&P Global wrote that digital currencies were unlikely to have an impact despite increased public interest unless they are regulated, reports Business Tech.S&P Global believe that if bitcoin and other cryptocurrencies were backed by central banks, the banks would be in a better position to predict the demand for the coins.The cryptocurrency market may…

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