Oil Selling Resumes, WTI Falls to a 13-Month Low and Brent Breaks Below $60
Oil headlines have been sparse over the past 24-hours, but the broad selloff resumed as markets remain focused on rising production levels globally and fears of a slowdown in global economic growth. The US benchmark, West Texas Intermediate crude is...
Weekly Focus – One Step Closer to a US-China Trade Agreement?
This publication has been prepared by Danske Markets for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents...
Canadian CPI up to 2.4% in October
Highlights: CPI inflation ticked up to 2.4% in October from 2.2% in September. A 4.6% m/m increases in airfares — likely reflecting more methodology/sample changes earlier this year more than underlying price trends — accounted for part of the headline...
Cryptocurrencies have shed almost $700 billion since January peak
The cryptocurrency market is facing an intense sell-off as investors are rattled by heightened talk of regulatory scrutiny and infighting over a schism in bitcoin’s most notable spin-off, bitcoin cash. At around 1:50 p.m. London time (8:50 a.m. ET), the...
Overstock surges 26% after CEO says it will sell retail business by February to focus on crypto
Overstock plans to sell its decades-old retail business in the next few months to make way for a full-blown bet on blockchain. The previously announced sale plans could go through as soon as February, the company’s CEO told The Wall...
Canadian Consumer Spending Up a Tick in September
Canadian retail sales rose a modest 0.2% month-on-month in September, a tick ahead of market expectations. Looking through price changes, it was a more encouraging story as the volume of goods sold rose 0.5%. The two largest sales categories led...
Euro Down on Growth Worry, Canadian Follow Oil Lower
Yen rises broadly today as risk aversion is back. Chinese stocks dived sharply in otherwise quiet Asian session. The Shanghai SSE closed down -2.49% at 2579.48 has likely completed recent corrective rebound. European indices also reversed initial gain and are...
Swift gpi picks up the pace on real-time cross-border payments
The cross-border payments industry and the correspondent banking network that underpins it stand at a crossroads. For far too long, the service that corporates and consumers have received from their banks when transferring money internationally has been slow, expensive and...
US 30 Index Hovers around Uptrend Line; Rebound is Expected
The US 30 index is moving lower, approaching again the ascending trend line, which has been holding since February 2. Also, the index dropped below the 50- and 200-simple moving averages (SMAs) in the daily timeframe, while the momentum indicators...
Stocks making the biggest move premarket: FB, COL, UTX, V, MA, OSTK & more
Check out the companies making headlines before the bell: Facebook – The head of George Soros’s philanthropic foundation called for oversight of Facebook by lawmakers, following revelations that it had hired an opposition research firm to scrutinize the billionaire investor....
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