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

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News 

Another defeat for Theresa May in the Commons after Brexiteer rebellion

“Theresa May is braced for another damaging defeat in the Commons on Thursday after Tory Eurosceptics accused her of ruling out a no deal Brexit” writes Matthew Lesh for telegraph.co.uk. Tory rebels who are planning to defeat Theresa May in a key Brexit vote tonight risk damaging efforts by her team to get a better deal to take the UK out of the EU, Liam Fox warned today.We need to understand that the public want us to leave the European Union but they would prefer us to leave the EU…

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News 

Trump signals national emergency is on his mind as budget talks stall

“But declaring a national emergency would almost certainly invite a legal challenge, and even some Republicans are opposed to Trump taking such action, as they fear the precedent it would set” reports washingtonexaminer.com. President Trump signaled Sunday that declaring a national emergency to circumvent Congress and build a southern border wall remains an option for him after bipartisan budget negotiations to reach a border security deal came to a halt. “’President is on sound legal ground to declare a National Emergency.The stalemate has threatened to stop congressional negotiators from reaching…

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News Regulators 

2 notorious recession signals are descending into the danger zone, and they have some Wall Street strategists convinced that a meltdown is fast approaching

“The first widely-used recession indicator that SocGen is watching is the yield curve, or the difference between interest rates on the 2- and 10-year notes” writes Akin Oyedele for businessinsider.com. “History shows that, on average since 1960, after an inversion of the 2y/10y yield curve the S&P 500 returns 29% before it peaks.”. Yet, the firm contended that the yield curve may not be a reliable precursor of recession this time around. Source: businessinsider.com

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GBP News 

ESMA Signals Close Monitoring of Non-EU Branches Post-Brexit

“The move is targeted at subsidiaries in the UK but provides guidelines to national regulators about non-EU branches in general” writes Victor Golovtchenko for financemagnates.com. The document is aimed to facilitate the conduct of national regulators which should be monitoring the establishment by EU firms of branches in non-EU countries.After that information is provided, the relevant national regulators are to examine the applicant’s programme of operations.Therefore the ESMA urges national regulators to obtain information from their regulated entities. Source: financemagnates.com

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News 

Danish Government’s Energinet Signals Iota Deal to Improve Energy Sector Offerings

“Danish state-owned energy company Energinet has expanded its partnership with distributed ledger network Iota to investigate use of its technology in new areas, Iota revealed in blog post Jan. 30” writes William Suberg for cointelegraph.com. Energinet, which is an independent enterprise under Denmark’s Climate and Energy Ministry, wants to examine how it could leverage Iota’s Tangle technology in the energy and Internet of Things (IoT) markets. The two entities have worked together on a data marketplace initiative since late 2017, a larger project involving other companies. “As part of our…

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News Regulators Stocks 

Fed signals pause in rate hikes, sends stocks soaring

“He also cited tighter financial conditions, which are partially due to wild stock market volatility late last year” writes Burgess Everett for politico.com. The Fed chief was also asked about the potential perception that the central bank is “caving” to Trump.Central bank officials have been sending signs for weeks that they could “afford to be patient” in judging whether more increases were necessary, as they monitor slowing global growth and the effect of nine rate hikes since December 2015.The new posture comes after months of angry tweets from President Donald…

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Markets News Stocks 

The economy may have just saved itself from a surefire recession — here’s why that should quell fears of a stock market crash

“Since the recent stock market decline and rapid earnings growth have significantly improved valuations, if a recession is avoided, similar to past ‘refreshers’ the stock market could prove very profitable this year.”” writes Joe Ciolli for businessinsider.com. But then something interesting happened: The economy slowed at just the right time, seemingly saving itself — and the stock market — from disaster.By Paulsen’s count, this so-called recovery refresh has happened on three prior occasions since the early 1980s.Over the past few months of 2018, the US economy looked headed for a…

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News 

Dow Tumbles on Conflicting Signals Over U.S.-China Trade Talks

“Stocks in the U.S. rose Wednesday as gains were fueled by strong earnings reports though investors remained focused on the fate of U.S.-China trade talks and further signals of a slowing global economy” writes Joseph Woelfel for thestreet.com. Commerce Secretary Wilbur Ross, however, said Thursday in a CNBC interview that the U.S. was “miles and miles” from a trade deal with China. Source: thestreet.com

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