News 

A law from the 1600s will keep retail shops closed on Sundays at the nation’s newest shopping mall

“The name “blue laws,” according to historians, comes from the fact that the Puritans tended to write their laws on blue paper” writes Lauren Thomas for cnbc.com. Other parts of the complex will open in phases, including a water park, an indoor ski hill, and retail stores.So-called blue laws are still in place in Bergen County, New Jersey, where Triple Five Group’s American Dream is situated.Until the 1990s, blue laws prohibiting the sale of clothes, home goods, appliances and other goods were much more common nationwide.Hudson County was the last…

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GBP News Stocks 

European stocks as surge as draft Brexit deal agreed

“European stocks soared on Thursday morning after a draft Brexit deal was agreed between the U.K. and the European Union” writes Elliot Smith for cnbc.com. Weak U.S. retail sales data also weighed on stocks overnight, with an unexpected drop raising concerns about the state of the world’s largest economy.Staying stateside, U.S. and Chinese trade negotiators are working on phase one of a trade deal text to be presented to presidents Donald Trump and Xi Jinping, according to U.S. Treasury Secretary Steven Mnuchin.On the data front, U.K. retail sales for September…

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GBP News 

UK retail sales growth softens in third-quarter as department stores disappoint

“The figures chime to a degree with a British Retail Consortium survey that showed the biggest fall in retail spending of any September since at least the mid-1990s” writes Midwest Communications Inc for 95kqds.com. The ONS’s measure of retail spending showed annual sales growth slowing to 3.5% in the third quarter from 4.1% in the second quarter, its weakest growth rate in more than three years.Monthly retail sales volumes were flat in September and annual sales growth picked up to 3.1% from a weak 2.6% in August, the Office for…

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ASIC keeps responding to high incidence of misconduct in retail OTC derivatives sector

“In April 2019, for instance, ASIC conducted an extensive information-gathering exercise of the licensed entities active in retail OTC derivatives, covering 18 areas” reports financefeeds.com. ASIC also worked to ensure that retail OTC derivatives providers are complying with foreign laws.The Australian Securities & Investments Commission (ASIC) has earlier today tabled its Annual Report for the 2018-19 financial year in the Australian Parliament.Information obtained is set to help ASIC address key themes and concerns in the sector. Source: financefeeds.com

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Dollar, pound tread water, Aussie bolstered by jobs report

“U.S. dollar bank notes are arranged for a photograph on September 7, 2017 in Hong Kong” reports cnbc.com. Against a basket of currencies the dollar hit a month low of 97.898 overnight and was steady around that level on Thursday.”There is no reason for the Reserve Bank to cut rates again in November — giving the central bank more time to gauge the effectiveness of early rate reductions.”. Reports of a partial trade deal between the world’s two largest economies last week initially cheered markets, but a lack of details…

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U.S. Retail Sales Dip 0.3 Percent in September

“Sales at department stores were down 1.4% while sales at general merchandise stores, which include chain retailers such as Walmart and Target, fell 0.3%” writes Martin Crutsinger for pbs.org. Sales in a retail control group which focuses on key components that go into computations of GDP were unchanged in September after a 0.3% gain in August.Sales also dropped at hardware stores, grocery stores and sporting goods stores. Source: pbs.org

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GBP News 

Treasury yields stay depressed after retail sales fall

“Weak economic data grabbed the attention of investors following the release of fresh data showing retail sales for September fell 0.3%, its first drop in seven months” writes Sunny Oh for marketwatch.com. U.S. Treasury yields fell Wednesday after lackluster data on retail sales suggested that weakness in manufacturing may be spilling over into other areas of the U.S. economy.Government bonds also rallied as the prospect of a Brexit deal came under question, reversing the selloff in Treasurys seen on Tuesday. See also: European stocks slip on pessimism over Brexit deal…

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Markets News Stocks 

Why Pot Stock Giant Canopy Growth Will Continue to Struggle

“Until more retail outlets are operational and the black market influence is reduced, Canopy Growth will continue to struggle in regard to recreational pot” writes Gary Bourgeault for nasdaq.com. The growth prospects for Canopy Growth look anemic in the short term, and even further out it has significant headwinds it must overcome in order to return to sustainable growth.For now, the risk connected to Canopy Growth doesn’t offer enough reward to justify taking a position in the company.As for the weakness related directly to the Canadian recreational market, the low…

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