GBP News 

Productivity jumps but pay squeeze intensifies 

“British productivity is back above its pre-crisis levels as British workers are at last making more in each hour than they were in 2007” writes Tim Wallace for telegraph.co.uk. The long period of slow growth is still a worry for economists, however, and one quarter of strong growth does not yet mean the poor trend is being reversed. Source: telegraph.co.uk Share This:

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Crypto News 

Not a good day for bitcoin owners. Also down on the week.

“The price of bitcoin got hit hard today” reports forexlive.com. Early in the session, trend line support held and there was a modest bounce back above the 100 hour MA (blue line), but that did not last long and falls below trend line, 200 hour MA and the $7000 level turned buyers into Friday sellers.At the lows the price moved some 18.49% from the Wednesday high and trades at the lowest level since November 1. Source: forexlive.com Share This:

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Markets News Stocks 

Is the trend a retirees’ friend?

“You should look elsewhere than the 200-day moving average for reducing your losses in a stock bear market” writes Mark Hulbert for marketwatch.com. The 200-day moving average, of course, is the popular trend-following indicator according to which we’re in a bull market whenever the market is above its average level of the trailing 200 trading sessions—and otherwise in a bear market. Just days before 1987’s stock market crash, for example, the worst in U.S. market history, it generated a sell signal. Source: marketwatch.com Share This:

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News 

There are a bunch of signs that China’s banks may grow even stronger

“The other three major banks, China Construction Bank, Agricultural Bank of China and Bank of China, also fared well with jumps of between 9 percent and 18 percent” writes Yen Nee Lee for cnbc.com. Things aren’t so bad for the Chinese banks right now: The frequently maligned companies have seen their shares soaring and their businesses improving.Shares of the country’s big four banks have rallied for most of this year on anticipated improvements in their debt holdings and margins.That is, several financial metrics are now pointing to the prospects of…

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Markets News 

It’s a great time to sell your house — but not in Seattle

“For the Seattle-Tacoma-Bellevue metro area, housing starts totaled 1,808 in September” writes Special To The for seattletimes.com. Another recovery milestone comes with the University of Michigan consumer sentiment survey showing more Americans feel better about selling a house than buying one.It’s a great time to sell your house — nationally. Source: seattletimes.com Share This:

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News 

Bullish on economic recovery, Goldman Sachs strategist predicts big tech will continue to perform

“And strategists analyzing what increasingly looks like a global trend of economic recovery disagree on what role President Donald Trump’s economic policies are playing” writes Chloe Aiello for cnbc.com. Kostin attributed some of the market growth, up 20 percent in the past 12 months, to confidence in Trump’s economic policies.As markets trend higher, companies making significant investment in their own business continue to outperform those that don’t. Source: cnbc.com Share This:

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News 

5 Things to Watch in the October Jobs Report

“Analysts warn that the numbers for October and September could be heavily distorted due to the impact of Hurricanes Irma and Harvey and wildfires in northern California, and that impact may take several more months to play out in the data” writes Harriet Torry for wsj.com. The Labor Department has estimated that only 8% of U.S. workers were in counties hit by the storms, yet the impact on payrolls in September was much greater than economists had expected. Watch for revisions to September’s numbers, and keep an eye on the…

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