Brokers Crypto Markets News Platforms 

Cumberland Launches Crypto Trading Platform for Institutions

“Cryptocurrency trading firm Cumberland announced on Tuesday that it has launched a spot trading platform for its customers” writes David Kimberley for financemagnates.com. Called Marea, the new platform will allow clients to place orders online and interact with members of the Cumberland team.With retail interesting petering out, market makers, brokers and exchanges are turning their attention to the institutional trading world. In some ways, pursuing the latter model could be a positive for the cryptocurrency trading world as lots of poorer investors losing money tends to lead to greater regulatory…

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Markets News Stocks 

Investors are reverting back to the same bad habits that doomed the stock market last year. Here’s what Morgan Stanley says they should be doing instead.

“In terms of what investors can do, Wilson says he’s keeping his highest ratings on more defensive stocks including utilities and household products makers” writes Marley Jay for businessinsider.com. “Cyclicals and expensive growth stocks are high beta and both have performed well year-to-date in what has been a broad beta rally,” he wrote.”The market is still not convinced we are out of the woods on growth concerns,” Michael Wilson said in a recent client note.But Morgan Stanley’s chief US equity strategist says investors shouldn’t get too comfortable. Source: businessinsider.com

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Markets News Stocks 

CREDIT SUISSE: Whether the market surges or tanks, tech stocks are perfectly positioned to profit. Here are the best companies to own.

“Count the equity strategists at Credit Suisse among the cohort of Wall Streeters who have lost faith in tech stocks” writes Akin Oyedele for businessinsider.com. Should this broader rally in stocks continue, Garthwaite sees the tech sector as uniquely positioned to reap its gains.Garthwaite cited four main reasons why tech stocks are attractive as a defensive play for a market slump. The US software companies that Credit Suisse’s equity analysts rate “overweight” include Adobe, Autodesk, Microsoft, Oracle, and Salesforce.com.But even if the rally falters, he says tech is attractive as…

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Markets News 

How Innovative Companies Help Frontier Markets Grow

“And the third type, which is one that many frontier markets are known for is what we call efficiency innovations” reports hbr.org. We see a similar thing happen with successful companies that go into frontier markets.There was a time when the demographics in the United States resembled or were even worse than many of the demographics in frontier markets today.ALISON BEARD: So, my first reaction and I think many people’s reaction when hearing your premise is that undeveloped markets — frontier markets — just really aren’t easy places to do…

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Crypto Futures Markets News 

Bitcoin Again Tests $4K Amidst Anticipation of US and China Trade Deal Finalization

“Ethereum (ETH), the second-largest cryptocurrency by market cap, is up about 3.5 percent, approaching $150” writes Helen Partz for cointelegraph.com. U.S. gold futures increased by 0.3 percent to $1,326.1 an ounce.Tuesday, Feb. 19: crypto markets have continued gaining momentum, with all of the top 20 coins by market cap seeing green and Bitcoin (BTC) testing $4,000 again, according to CoinMarketCap.Daily trade volume has continued gaining momentum, currently seeing a slight decline from $36 billion to $35 billion.As the U.S. dollar reportedly weakened on anticipation of the U.S. and China trade…

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Markets News Regulators 

Fed Chairman Concerned Over Shrinking Bank Market

“Reports said Powell noted that looser community bank regulations may help keep branches open” reports pymnts.com. That may be good news for banks, but some policymakers are concerned that industry consolidation is reducing access to financial services in rural areas.He pointed to the Community Reinvestment Act, which encourages banks to loan to small businesses.Bank mergers aren’t the only factor behind closing bank branches, however.As concerns are raised about how industry consolidation might impact competition, Federal Reserve Chairman Jerome Powell is warning that it could hinder small businesses’ access to capital…

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Markets News 

Walmart shares surge as holiday sales crush estimates, boosted by e-commerce growth

“Walmart said that, for the year, it achieved e-commerce sales growth of 40 percent, which it had been targeting” writes Lauren Thomas for cnbc.com. Net sales growth is predicted to be at least 3 percent, hurt by deconsolidation of Walmart’s Brazil operations and reduced tobacco sales at Sam’s Club.The company is, meanwhile, targeting e-commerce sales growth of 35 percent for fiscal 2020, which won’t be as robust as what it was able to achieve last year.Walmart shares were up about 4 percent in premarket trading on the news.CEO Doug McMillon…

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Markets News Stocks 

‘Panic buying’ likely to drive stock market higher in the near term

“The surge in stocks comes as investors increasingly bet China and the U.S. will strike a trade deal in the near future” writes unknown author for cnbc.com. “Systematic trend followers that had temporarily suspended buying after the weak US retail sales print have also been compelled to follow the market by adding fresh longs.”. “It seems a ‘panic buying’ mood, with purchases by investors who had been lagging the broader market, has strengthened,” Masanari Takada, a cross-asset strategist at Nomura, said in a note Monday.Stocks could get a short-term boost…

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