News 

Facebook and Alphabet upgraded by Stifel on advertising optimism

“Stifel hiked its price target for Alphabet to $1,525 from $1,325, a 14% upside to the stock’s closing price on Wednesday” writes Maggie Fitzgerald for cnbc.com. Stifel raised Facebook’s price target to $240 from $215, a 20% upside from Wednesday’s closing price. U.S. advertising spending continues to outpace GDP growth and since the last recession, growth in global advertising spend has remained steady around 5% year-over-year, the firm noted. Source: cnbc.com

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News Stocks 

Dow climbs amid renewed U.S.-China trade-talk optimism

“The U.S. dollar, as measured by the ICE U.S. Dollar Index DXY, -0.10%, was down 0.1% at 97.64 against a basket of a half-dozen currency peers” writes Markets Reporter for marketwatch.com. The S&P 500 index SPX, +0.69% was 20 points higher, or 0.6%, trading at 3,113.On Tuesday, the Dow ended 280.23 points lower, down 1%, at 27,502.81, for its biggest one-day drop since Oct. 8.In Asia overnight, the Hang Seng HSI, -1.25%  fell 328 points, 1.3%, and the China CSI 000300, -0.03%  ticked down 1.3 points to 3,849.82. Source: marketwatch.com

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News 

Pound slips as polls tighten, optimism holds on trade front

“However, official clarity on the future of the Sino-U.S. trade talks remains a key focus” writes Midwest Communications Inc for 95kqds.com. “No-one is going to be taking major positions until we get more clarity on the trade front.”. The trade sensitive Australian and New Zealand dollars each rose more than 0.1%, with the Aussie buying $0.6768 and the kiwi $0.6439.SINGAPORE (Reuters) – The British pound began the week on the back foot as polls showed a tightening U.K. election race, while an unexpected rebound in Chinese manufacturing supported risk appetite. Source:…

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News Stocks 

Stocks edge higher over continued trade optimism

“STALLED TRACTORS: Deere fell 3.6% after giving investors a weak profit forecast because farmers are spending less money on new equipment” writes The Associated Press for seattletimes.com. NEW YORK (AP) — Stocks edged higher in early trading Wednesday as investors remained optimistic about trade negotiations while a report showed that the economy continued growing at a modest rate over the summer.The maker of tractors, backhoes and other agricultural machinery said the trade war and a difficult growing season has kept farmers cautious about making major investments. Source: seattletimes.com

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JPY News 

USD/JPY inches higher as buyers look to build further upside momentum

“More noticeably, price is starting to feel more comfortable holding a break above the 109.00 handle with buyers also looking to secure a firm break above the 200-day MA (blue line)” reports forexlive.com. Talks of a “broad consensus” and being “very close” to a deal is helping to keep USD/JPY slowly inching higher but are we building up towards a ‘buy the rumour, sell the fact’ play?. As things stand, it is still all about the US-China trade rhetoric for yen pairs and the mood is that of cautious optimism…

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News Stocks 

Major US stock indexes hit record highs amid trade optimism

“More encouraging signs that trade talks between the U.S. and China are on track kept investors in a buying mood Tuesday, nudging the major stock indexes to record highs for the second straight day” writes The Associated Press for seattletimes.com. The Conference Board said its closely watched consumer confidence index fell slightly for the fourth consecutive month to 125.5.Discount retailer Dollar Tree plunged 15.2% after its profit fell short of Wall Street expectations.The S&P 500 index rose 6.88 points, or 0.2%, to 3,140.52.Investors have grown more hopeful over trade negotiations…

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Markets News Stocks 

Stock market’s optimism about trade deal amounts to just a hill ofbeans

“In the end, any phase-one trade deal between the U.S. and China may amount to nothing more than a hill of beans” writes Caroline Baum for marketwatch.com. Any intimation that even a limited phase-one trade deal between the U.S. and China is at hand sends stocks soaring.Trump is obsessed with the bilateral trade deficit with China: only the goods deficit; services don’t count.The Farm Belt has been hard hit by China’s tariffs on crop exports.For the stock market DJIA, +0.68% COMP, +1.32%  to put its hopes and dreams in what…

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Futures Markets News Oil 

Oil gains on trade-talk optimism, forecasts for slower U.S. production

“Oil prices edged modestly higher Tuesday amid market optimism that the slow-moving trade talks between China and the U.S. will ultimately result in a deal that keeps these giant energy customers buying enough oil to soak up production” writes Rachel Koning Beals for marketwatch.com. Those factors are among the big issues that the group will deal with when it gathers Dec. 5-6 in Vienna.Top U.S. and Chinese trade negotiators held a phone call on Tuesday morning, China’s Commerce Ministry said. The market was in retreat amid a forecast for milder…

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