Markets News 

CPI and Retail Sales in November 2017 and Gold

“Chart 2: Real retail sales and food services sales (blue line), retail sales excluding food services (red line), and retail sales and food services sales excluding motor vehicles and parts dealers (green line) year-over-year from November 2012 to November 2017” reports fxstreet.com. When we exclude vehicles, retail sales rose 1 percent in November due to the unusual strength in e-commerce.U.S. retail sales jumped 0.8 percent in November following a 0.5 percent rise in October (after an upward revision from 0.2 percent). Source: fxstreet.com Share This:

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News 

China’s Tencent, JD.com invest $863 million in online retailer Vipshop

“Martin Lau, Tencent’s President, said the tie-up would bring Vipshop Tencent’s “audiences, marketing solutions, and payment support” to help tap China’s rising middle class” writes unknown author for cnbc.com. Chinese internet giant Tencent Holdings Ltd said on Monday it would lead an $863 million investment in apparel platform Vipshop Holdings Ltd , upping its rivalry in retail with Alibaba Group Holding Ltd.Tencent will invest $604 million in exchange for a 7 percent stake in Vipshop, while e-commerce firm JD.com Inc – a long-standing ally – will invest $259 million for…

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Markets News 

GAIN Capital voices concerns over ESMA’s proposed leverage restrictions for CFDs

“The broker noted that it advocates the adoption of leverage rules which strike an appropriate balance between providing additional protections to investors and other important considerations” reports financefeeds.com. In addition, GAIN has also pushed for the adoption of more stringent corporate substance and regulatory capital requirements for obtaining a license as a CFD broker in the European Union. Source: financefeeds.com Share This:

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Mastercard Says eCommerce Sales Up Double Digits Since November

“The Mastercard SpendingPulse also found that U.K. retail sales were up 3.1 percent in November, with eCommerce sales up 12.2 percent” reports pymnts.com. It is all playing out in the shopping picture this holiday season as retailers and gift recipients would want it to.” The Mastercard SpendingPulse reports on retail sales in the U.S. across all payment types. Source: pymnts.com Share This:

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IG notes risks associated with disproportionate leverage restrictions

“IG stressed that all the measures that ESMA and the UK Financial Conduct Authority (FCA) are considering relate to retail clients” reports financefeeds.com. Regarding binaries, IG stopped offering its Sprint binary product to new retail clients in January 2017.Although IG said it is supportive of the objectives of regulators to improve client outcomes in the industry, it noted that the leverage restrictions considered are out of proportion. Source: financefeeds.com Share This:

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Why an anti-Amazon alliance is a very good thing

“Apart from Facebook, each have their own retail revenue streams, though Amazon dwarfs the other two” writes Tristan Rayner for androidauthority.com. Of the ‘Big Four’ tech players, Google, Facebook, and Apple aren’t seriously tapping into retail where Amazon is making hay.Still, the good news is that each company can’t stand the other, and that’s useful for us both economically and competitively. Source: androidauthority.com Share This:

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News Stocks 

Costco’s stock jumps into record territory after analysts boost price targets after results

“The stock was trading at $191.85 about 45 minutes before the open, above the Dec. 4 record close of $189.56 and the Dec. 5 intraday record of $191.22” writes Reporter Editor for marketwatch.com. The stock has rallied 16.5% year to date through Thursday, while the SPDR S&P Retail ETF XRT, -1.86% has slipped 0.6% and the S&P 500 SPX, -0.41% has gained 18.5%.Of the 30 analysts surveyed by FactSet, 15 have raised their price targets.COST, -0.93% shot up 2.9% toward record territory in premarket trade Friday, after the warehouse-club retailer’s…

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Markets News Stocks 

Stocks slip as investors eye tax reform, digest latest economic data

“U.S. stocks were slightly lower Thursday afternoon, as investors digested the latest economic data and the press for tax reform” reports foxbusiness.com. Marc Rubio is reportedly a “no” vote on tax reform, unless the bill expands the childcare tax credit.According to the Commerce Department, November retail sales increased by 5.8% year-over-year, and 0.8% versus the prior month.Economic data released today included retail sales, which provided yet another piece of evidence supporting a strong U.S. economy.Meanwhile, market participants were still eyeing the progress of passing tax reform. Source: foxbusiness.com Share This:

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Crypto News 

One group of traders has risen to dominate bitcoin trading

“We think that retail investors are shifting from leveraged FX trading to leveraged cryptocurrency trading,” Muraki said” writes Akin Oyedele for businessinsider.com. “Japan accounts for a high 54% of global foreign exchange margin trading (leveraged FX trading), so Japanese retail investors are major players in FX markets.”. Japanese investors, mostly men, came to dominate trading after regulators started to shut down cryptocurrency exchanges in China.On Sunday, CME Group will be the second trading venue to launch futures trading, one week after Cboe Options Exchange.Many Japanese investors are engaged in leveraged…

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News Stocks 

Dow set to hit fresh record, with retail sales data in focus

“U.S. stock futures point to another record session for the Dow industrials and the S&P 500 on Thursday” reports marketwatch.com. Read this if you bought rising shares at different times — and want to avoid a tax hit.Shares of home builders have run ahead of a strong stock market, but a housing shortage could mean there’s more to come. Source: marketwatch.com Share This:

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