Markets News 

EDITORIAL: One more way GOP tax plan sticks it to Chicago

“In Chicago, the new markets tax credit was used to bring a Whole Foods to Englewood” writes Sun-times Editorial Board for suntimes.com. Yet the GOP’s overhaul of our nation’s tax code would allow it to expire in 2019.But somehow this little doozy — the elimination of a tax credit tailor-made to assist communities in distress — almost got by us.If we’re going to give a tax break to billionaires so they can buy more private jets, we should also give a tax break to businesses in cities trying to breathe…

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Markets News 

Poloz is tired of forward guidance, wants markets to be uncertain

“I’m confident that other central banks, now that we are getting much more into normalcy, will gradually temper down the details around their forward guidance, too.”” reports forexlive.com. The comments indicate he’s not going to pre-warn markets ahead of the next rate hike.At the moment, the note about ‘caution’ in the BOC’s statement has led markets to believe he won’t hike until it’s removed. Source: forexlive.com Share This:

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Markets News Stocks 

As stock markets gears up for Santa rally, threat of shutdown could sideline investors

“We expected significant upside risk for equities on a successful legislative outcome on U.S. tax reform” reports foxbusiness.com. Wall Street believes tax reform will be the key catalyst to drive stocks higher going forward.And even as pundits play down the possibility of government coming to a screeching halt, the threat may keep some jittery investors sidelined.December is among the best months for equities and stocks tend to outperform toward the end of the year. Source: foxbusiness.com Share This:

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Markets News 

Destek Markets UK Signs Liquidity Partnership with m-Finance

“Destek Markets UK has continued its global outreach, this time strengthening its focus in Southeast Asia with a new liquidity partnership” reports financemagnates.com. We are glad that the partnership with Destek could offer our clients better liquidity with very competitive pricing,” added Mr.The deal with Desktek Markets UK satisfies a key need for the group, which will now garner liquidity for its brokerage clients.As such, the FX and contracts-for-difference (CFD) brokerage has inked an agreement with Hong-Kong based m-FINANCE. Per the new deal, m-FINANCE’s clients will gain access to Destek’s…

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Crypto Futures Markets News 

TD Ameritrade to open trading on bitcoin futures

“TD Ameritrade is planning to offer clients access to Cboe’s bitcoin futures contract on Monday” writes David Paul Morris for cnbc.com. Interactive Brokers said it handled just over half of the Cboe bitcoin futures trading volume on the first trading day, which saw the highest daily volume so far at 4,127 contracts across all three bitcoin futures contracts.TD Ameritrade will not initially support CME’s bitcoin futures, which are set to launch this coming Sunday.In order to be eligible to trade the futures, clients must have a minimum balance of $25,000,…

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Crypto Futures Markets News 

Bitcoin hits new record high as warnings grow louder

“But outside of the crypto market, worries continue to grow about the amount of money piling into the space” reports foxbusiness.com. While bitcoin has added another fifth to its value since Monday, trading has been slightly calmer than the wild price swings the market has seen in recent weeks, with volatility lower since the launch of bitcoin futures from Cboe Global Markets on Sunday. Source: foxbusiness.com Share This:

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Markets News 

Dow, S&P set for 4th week of gains as traders shake off tax worries

“Several Republican senators have now expressed doubts about the tax overhaul that is expected to be put up for a final vote next week, according to The Wall Street Journal” writes Markets Reporter for marketwatch.com. U.S. stock futures advanced on Friday, on track to add to weekly gains as investors appeared to shake off the latest worries over progress for tax cuts.That puts both indexes on track for their fourth straight week of gains, even after ending lower on Thursday. Source: marketwatch.com Share This:

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Markets News Stocks 

Asian stocks track Wall Street declines; Kospi rebounds

“On Thursday, the index in the last 90 minutes of trading went from a 1.4% gain to finishing down 0.4%” writes Lucy Craymer for marketwatch.com. There was no one left to buy the stocks,” said SooMyung Kim, an equities-derivatives analyst at Samsung Securities.In Hong Kong, locally listed Chinese financial stocks, which have been among the market’s strongest performers this year, continued their recent pullback. Oil CLG8, +0.21%  were slightly higher in Asian trading, building on an overnight rebound.  Source: marketwatch.com Share This:

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Crypto Markets News 

Bitcoin Trading Thrives Wherever Regulators Crack Down Most

“Bitcoin trading expanded faster this year in emerging markets than developed ones — and quickest of all in places where authorities tried to crack down” writes unknown author for bloomberg.com. Cryptocurrencies don’t rely on central banks or financial institutions and are traded on online exchanges and transferred anywhere in the world, allowing holders to skirt currency controls.While not all central banks in emerging markets addressed cryptocurrency markets with regulations, several have issued warnings.Bitcoin’s creators also set a limit to the amount of currency that could be created to avoid the…

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Crypto Markets News 

Bitcoin Price Posts Slight Decline But Altcoin Markets Set New Records

“Bitcoin investors have grown accustomed to seeing the value of their holdings soar with every passing day, but the bitcoin price has not made much sustained movement this week” writes unknown author for cryptocoinsnews.com. While bitcoin fluctuates around $17,000, altcoin prices have been soaring  — and the ethereum price has been leading the charge.The bitcoin cash price posted a 24 percent gain, briefly crossing the $2,000 threshold before settling down to a present value of $1,965.At the time of writing, the ethereum price was trading at a global average of…

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