JPY News 

USD/JPY stays underpinned, inches towards the 111 handle once again

“But for an extension higher, there needs to be a positive breakthrough in US-China trade talks” reports forexlive.com. The pair is inching upwards as risk sentiment is holding up well so far on the day.I reckon any breaking headlines on a memorandum of understanding being struck would see risk assets jump alongside USD/JPY. But the devil will be in the details.Price has tested support from the key hourly moving averages since trading yesterday and buyers have shown their commitment to defend that bias by holding on to support levels there. Source:…

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News 

A future of erratic weather, higher seas, and extreme heat could lead to an economic ‘Great Dying’ twice as severe as the Great Depression

“What climate change has in store is not a Great Recession or a Great Depression but, in economic terms, a Great Dying” writes David Wallace-wells for businessinsider.com. Heat hurts test-taking performance, as does pollution associated with global warming.To those on one end, global warming could cultivate emergent forms of eco-socialism, while to those on another, it could conceivably produce a collapse of faith in anything but the market.India alone, one study suggested, would shoulder more than a quarter of the economic suffering inflicted on the entire world by climate change…

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Markets News Stocks 

The stock market’s recent turbulence reminds one expert of the periods before the past 2 financial crises — here’s how he says investors should respond

“Buying some cheap protection now against the risk of US entering recession prematurely would make sense in our view,” Bokobza said” writes Joe Ciolli for businessinsider.com. And for that reason, the caution being stressed by the firm sits at odds with the market’s seemingly voracious risk appetite.It shows that past instances of elevated volatility were accompanied by the types of sudden economic contractions. Source: businessinsider.com

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GBP News 

The looming threat of no deal Brexit could push the UK’s credit rating to its worst level in decades

“The lower a country’s credit rating is, the higher interest rates it must pay when accessing debt in the markets” writes Will Martin for businessinsider.com. The warning comes as the UK struggles to pass a Brexit deal through parliament, and the country’s established political parties fracture.The agency on Wednesday evening placed the UK on what is known as a Rating Watch Negative (RWN), meaning that it is actively monitoring the UK’s credit rating with an eye to lowering it in the near future.Fitch, one of the “Big Three” ratings agencies,…

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News 

Exclusive: SpaceX, Boeing design risks threaten new delays for U.S. space program

“Boeing spokesman Josh Barrett said the company “closed out” the capsule’s structural vulnerability risk when it completed its structural test program in January” reports businessinsider.com. The NASA risk database is updated routinely during the course of NASA’s stringent certification process, which includes data collection, tests and collaboration with SpaceX and Boeing, the people said. Source: businessinsider.com

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News 

Credit Suisse loses bid to dismiss lawsuit in U.S. over writedowns

“Since becoming chief executive in 2015, Thiam has repositioned Credit Suisse as a bank for ultra-wealthy and entrepreneurial customers, while shrinking its investment bank” reports businessinsider.com. FILE PHOTO: Switzerland’s national flag flies next to the logo of Swiss bank Credit Suisse in Luzern Thomson Reuters By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge has rejected Credit Suisse Group AG’s bid to dismiss a lawsuit accusing the Swiss bank of defrauding shareholders about its risk appetite and risk management before taking $1 billion of writedowns on souring debt. Source: businessinsider.com

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News 

Your brain needs a fitness plan. Here’s how to keep it in shape

“Advances in neuroimaging kicked off this new era of brain health by allowing scientists to see inside the brain” writes Paula Spencer Scott for marketwatch.com. In 2018, a groundbreaking study became the latest persuasive link between heart health and brain health.That’s why you’re likely to hear a lot more in the coming years about brain health and what you can do for your own.How we spend our lives managing the modifiable risk factors that affect our genes is highly significant for our brain health, researchers say.The basics of heart health…

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Markets News 

UK gaming must level up or risk losing its position as world leader

“It employs more than 47,000 people across the country and the UK boasts the fifth largest video games market in the world behind only China, Japan, Germany and the US. And it has even more room to grow” writes Tom Hoggins for telegraph.co.uk. The global games market was worth an estimated £106bn in 2018, with that number expected to increase to more than £139bn by 2021. But in a market that changes… Source: telegraph.co.uk

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