Markets News 

Egypt, China discuss enhancing bilateral tourism relations

“During the meeting, Bahgat stressed the importance of the Chinese market as one of the most promising tourism markets, assuring that the state is aiming to attract more Chinese tourists to Egypt” writes Nihal Samir for dailynewsegypt.com. Agreeing with Saad, the former Head of International Tourism at the Tourism Promotion Authority, Ahmed Shoukry, told DNE that the number of Chinese tourists is increasing, assuring that Egypt needs to increase the capacity of the direct flights between Egypt and China, as the Chinese market is a very beneficial market for Egypt. Source:…

Read More
Crypto Markets News 

Crypto Markets Continue to See Mixed Signals, Dow Jones Up Over 360 Points

“Ethereum (ETH), the top altcoin by market cap, is trading at $122.37 at press time” writes Helen Partz for cointelegraph.com. Ripple (XRP), the third top cryptocurrency by market cap, is seeing slight losses today, down 1.38 percent over the past 24 hours.Out of top 20 cryptos by market cap, Maker (MKR) is down the most, with its price tumbling almost 7 percent on the day.Bitcoin (BTC) is slightly down over the past 24 hours, and is trading at $3,626 at press time. Source: cointelegraph.com

Read More
Markets News Regulators 

The Fed could move markets this week when it tells us what it was thinking at the January meeting

“In what felt like an about face from its December meeting, Powell also emphasized that the Fed would be flexible with its balance sheet” writes Yuri Gripas for cnbc.com. Stocks were higher in the past week, even with Thursday’s sell off on stunningly weak December retail sales data.The Fed calmed the markets in late January when it said it could stop raising interest rates, but investors are watching the release of its meeting minutes for any sign the Fed could veer off its easy path.There could be discussion in the…

Read More
Markets News Stocks 

After strong 2019 start for U.S. stocks, trade verdict looms

“Investors are increasingly hopeful about a positive resolution as a March 1 deadline for trade talks nears” reports businessinsider.com. “Risk assets across the spectrum would see severe selling pressure if trade talks completely collapsed and tariff rates rose,” Saglimbene said.But a trade deal that avoids more severe tariffs could help, since many companies prepared investors for the worst.And if the United States and China reach a deal, market professionals say clarity after the lengthy dispute should continue to push shares higher. Source: businessinsider.com

Read More
Markets News Stocks 

Investors may have already missed out on the bulk of the market’s gains this year

“Investors expecting the stock market to build on the robust start it’s seen in 2019 don’t have history on their side” writes Brendan Mcdermid for cnbc.com. A lot will have to go right to continue the best market start in 32 years.Recent years in this bull market, though, have shown that outsized gains are possible.In 2017, the market jumped 19.4 percent, 2013 saw a 29.6 percent surge and 2009, the year that saw the crisis bottom, ended with the S&P 500 up 23.4 percent. Source: cnbc.com

Read More
Markets News 

Economics After Neoliberalism: Market fetishism is a perversion of economics

“The share of academic publications that use data and carry out empirical analysis has increased substantially in all sub-fields within economics and currently exceeds 60 percent in labor economics, development economics, international economics, public finance, and macroeconomics (Angrist et al., 2017)” reports bostonreview.net. Other labor market institutions are needed to take advantage of free lunches created by monopsony and other labor market failures in the segment of the labor market where most workers find themselves.In short, neoliberalism appears to be just another name for economics.Neoliberalism—or market fundamentalism, market fetishism, etc.—is…

Read More
Markets News 

Asian markets fall as global economic uncertainty grows

“According to the Commerce Department, December retail sales fell 1.2% from the previous month, its biggest drop since September 2009” writes Associated Press for marketwatch.com. Traders are wondering if the latest retail sales figures are a harbinger of more bad news to come,” said Song Seng Wun, an economist at CIMB Private Banking.U.S. crude CLJ9, +0.24%   added 6 cents to $54.47 per barrel in electronic trading on the New York Mercantile Exchange.Asian shares were broadly lower on Friday, tracking a weak Wall Street session as traders awaited the conclusion…

Read More
Markets News 

Asian markets fall as uncertainty grows

“According to the Commerce Department, December retail sales fell 1.2% from the previous month, its biggest drop since September 2009” writes Associated Press for marketwatch.com. Traders are wondering if the latest retail sales figures are a harbinger of more bad news to come,” said Song Seng Wun, an economist at CIMB Private Banking.Asian shares were broadly lower on Friday, tracking a weak Wall Street session as traders awaited the conclusion of U.S.-China talks in Beijing.U.S. crude CLJ9, +0.40%   added 34 cents to $54.75 per barrel in electronic trading on…

Read More
Crypto Markets News 

Crypto Markets Trading Sideways With Slight Losses, April Gold Closes Slightly Down

“Bitcoin Cash (BCH) is down by 0.25 percent over the last 24 hours and is currently trading at $122.25” writes Ana Alexandre for cointelegraph.com. The leading digital currency Bitcoin (BTC) is slightly down 0.19 percent on the day, trading at around $3,620 at press time.Ripple is up over the last 24 hours by 0.07 percent and is trading at $0.303 at press time.Thursday, Feb. 14 — most major cryptocurrencies are trading sideways, with a few experiencing minor losses.NEM is the major gainer over the day, having increased by 4 percent…

Read More
Markets News 

Circles.Life says it received a ‘fairly big chunk’ of funding from Sequoia – as it gears up to break into five new markets, starting with Taiwan and Australia

“Circles.Life is also planning to use the funds to expand its range of personalised digital services” writes Sean Lim for businessinsider.sg. These plans to expand into international markets follow the closure of Circles.Life’s Series C round of financing led by venture capital firm Sequoia India. Source: businessinsider.sg

Read More