Markets News Stocks 

Stock market optimism highest in 32 years…

“Indeed, the II survey reflects other gauges that show stock market fever is reaching levels not seen in years” writes unknown author for cnbc.com. Stock market optimism among professional investors just keeps on surging, and is now at the highest levels since before the crash of 1987.Bullishness, or the belief that the market is heading higher, is now at 66.7 percent in the latest Investors Intelligence survey, a widely followed gauge of sentiment among investment newsletter authors.”Those recently holding cash appear to be chasing a rallying market, adding fuel to…

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Markets News Stocks 

Stock market runs hot, but is it really ‘euphoria’?

“Meanwhile, a stock market pullback would be healthy for a number of reasons, including the prospect of dampening sentiment, Sonders said” writes Deputy Markets Editor for marketwatch.com. The stock market started 2018 where it left off 2017, notching a string of records and cuing a growing chorus of warnings that outright euphoria was finally beginning to set in.Instead, every bull market is unique.But that doesn’t mean investors are yet stampeding into the market in the fashion that has marked other bouts of euphoria, he said.For investors who fear the market…

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News Oil 

Wall Street jumps to record highs on strong day for energy stocks

“Wall Street closed at record highs on Thursday as rising oil prices lifted energy stocks and investors bet on a strong U.S. corporate earnings season” reports foxbusiness.com. The S&P energy sector .SPNY closed up 2 percent as Brent crude LCOc1 went above $70 a barrel for the first time since December 2014, boosted by a surprise drop in U.S. production and lower crude inventories.That helps explain the demand picture, which has oil up at $70,” said Scott Clemons, chief investment strategist at Brown Brothers Harriman in New York. On U.S….

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Markets News 

GALLUP: Optimism in job market up sharply…

“While the shift in Republicans’ view of the job market was dramatic after Trump’s election and inauguration, the change in Democrats’ opinion of the job market following Barack Obama’s exit from the White House was more modest” writes Megan Brenan for gallup.com. Conversely, when the unemployment rate is high, views of the job market get worse.Likewise, black Americans, who experienced record unemployment in December, think the job market is worse than do whites and Hispanics.This was perhaps because the general consensus at the time was that the economy and job…

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GBP News 

Global business confidence at record high – but Brexit uncertainty weighs heavily on British companies

“Global business optimism is at a record high, according to a survey by accountancy firm Grant Thornton, but sentiment among UK companies has fallen in the last year as uncertainty over Brexit continues to weigh heavily on corporate confidence” writes Matthew Lynn for telegraph.co.uk. By contrast, the survey found that optimism among British companies has slumped in the last year.Its quarterly International Business Report found that optimism among firms around the world is at the highest level since it was started 25 years ago. Source: telegraph.co.uk Share This:

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AUD Futures News Stocks 

Financials drive gains in Japan, Australia on investor optimism over U.S. tax plan

“Financial stocks drove gains in Japan and Australia on Monday as investors reacted to prospects of a completed tax bill getting through Congress this week” writes Kenan Machado for marketwatch.com. The Nikkei NIK, +1.55%  closed up 1.6%, aided by 2% gains for some major financial stocks.It was recently around $18,952, versus $19,500 just before futures trading started.Stocks in much of the rest of Asia Pacific were little changed, though Hong Kong’s Hang Seng HSI, +0.70%  as up 0.4% amid support from financial stocks there as well.Bitcoin was again in focus,…

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Markets News Stocks 

European stocks rally on U.S. tax-reform optimism with banks in charge

“Green energy companies rose after the Republican tax bill released late Friday preserved tax credits for the wind and solar energy” writes Markets Reporter for marketwatch.com. European stocks rose for the first time in four session on Monday, with banks leading the charge north on hopes the highly anticipated tax reform in the U.S. will get passed this week and provide a boon for the financial sector.Speaking on several Sunday talk shows, Treasury Secretary Steven Mnuchin said he has “no doubt” that the GOP’s tax bill will make it to…

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