Futures Markets News 

The new trucking freight futures market could help companies better manage their budgets — and secure better pay for truck drivers

“The freight futures market, which is opening on March 29, will help retailers, manufacturers, and trucking companies lock in service rates for the coming years” writes Rachel Premack for businessinsider.com. In the decades following the passage of that law, trucking salaries have fallen by as much as 50% in some markets. Source: businessinsider.com

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Futures News 

Dow futures stage ugly u-turn after worst plunge in nine years for retail sales, raising specter of recession

“The retail sales report is likely to weigh on the government’s official scorecard for the economy known as gross domestic product, with fears of a recession looming” writes Mark Decambre for marketwatch.com. Stock-market ebullience over progress in U.S.-China trade talks on Thursday gave way to pessimism after a December report on retail sales showed the worst decline in about nine years, sparking recessionary fears.Most recently, Dow futures were down 100 points, or about 0.4%, at 25,398. Source: marketwatch.com

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Futures Markets News Stocks 

Futures move higher on US-China trade optimism

“U.S. stock index futures were higher Thursday morning with market participants monitoring U.S.-China trade talks” writes Silvia Amaro for cnbc.com. Investors continue to follow news of the U.S.-China trade talks.ET, Dow Jones Industrial Average futures rose 83 points, indicating a positive open of more than 51 points. Source: cnbc.com

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Crypto Futures News Platforms 

Indonesia: $70 Million Capital Requirement for Bitcoin Futures Sparks Anger

“Cryptocurrency traders are unhappy with regulators in Indonesia after it emerged Bitcoin (BTC) brokers now needed over $70 million to launch futures trading” writes William Suberg for cointelegraph.com. However, in a surprise addition to the final bill, those trading platforms are required to have 1 trillion rupiah ($71.17 million) minimum capital.Following new regulations which came into effect last October, trading platforms wishing to offer cryptocurrency-based instruments can do so, while cryptocurrency use remains banned.According to Oscar Darmawan, CEO of local cryptocurrency exchange Indodax, the sums involved are even more than…

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Crypto Futures News 

Proposal for ETF Following Bitcoin Futures, Sovereign Debt Withdrawn by SEC Request

“The United States (U.S.) Securities and Exchange Commission (SEC) has requested the withdrawal of a proposed exchange-traded-fund (ETF) submitted by Reality Shares ETF Trust, according to a letter published by the SEC on Feb. 12” writes Ana Alexandre for cointelegraph.com. No securities have been sold in connection with the offering of the Fund.” Reality Shares ETF Trust — which is a unit of crypto-focused fintech firm Blockforce Capital — initially filed a proposal for an ETF, that would invest in a portfolio which includes both sovereign debt instruments and Bitcoin…

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Futures News Oil 

Oil Up Nearly 2% on Saudi and OPEC Cuts

“U.S. West Texas Intermediate (WTI) crude oil futures rose 69 cents, or 1.3 percent, to settle at $53.10 a barrel” writes Min Read for reuters.com. Oil prices edged up slightly post-settlement after data from the American Petroleum Institute (API), an industry group, showed U.S. crude oil stockpiles had unexpectedly fallen.Brent crude futures gained 91 cents, or 1.5 percent, to settle at $62.42 a barrel.OPEC said on Tuesday it had reduced oil production almost 800,000 bpd in January to 30.81 million bpd under its voluntary global supply pact. Source: reuters.com

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Futures Markets News 

Wall Street bear warns the earnings slowdown will crush rally

“Wall Street bear Peter Boockvar warns that 2019’s market rally is flawed, and a major setback will slam stocks” writes unknown author for cnbc.com. According to Boockvar, it’s not unreasonable to worry about the earnings slowdown developing into a full-blown earnings recession.His chief reasons include sluggish global growth, the earnings slowdown and a fuzzy economics picture.”The higher the market goes [and] the lower earnings estimates go, the more expensive the market is getting.”. “With respect to corporate earnings, we’re seeing a decline in earnings expectations for this year.”.  Source: cnbc.com

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Futures News Stocks 

Stock futures gain on trade optimism; inflation data eyed

“ET is expected to show that the consumer price index rose 0.1 percent in January after recording a drop of 0.1 percent in December” reports businessinsider.com. The fourth-quarter earnings season is in the last leg, and about 71 percent of S&P 500 companies that have reported have beaten consensus estimates.Traders work on the floor of the NYSE in New York Thomson Reuters By Amy Caren Daniel (Reuters) – U.S. stock index futures rose on Wednesday, driven by optimism over the ongoing U.S.-China trade talks, and as investors awaited the latest…

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